Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, May 30, 1907, Image 3

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shnhhhhhrmhhhirjhp THE ATLANTA GEORGIAN AND NEWS. rfHUIlSDAY, MAT 30. 1807. Eiseman Bros. The Old Reliable Manufacturing Established Clothiers. 1865. “Not Yet, But Soon" R EFERENCE to' the weather— ' Not as hot as it might be— But Grilling days are just ahead— Get your summertime suit at Eiseman Bros, while the season’s choice is in full bloom— The “Two Piece” is going to claim another triumph— The “Big Store’s” models of this popular vogue are all- “Triumphs” of the tailoring art— These handsome Ready- suits for men embody the highest type of tailor-skill, graceful fashioning, superb finishing and the choicest patterns, newest colors, and loom effects in the illusive shadow and overplaids. Serges, Worsteds, Crash es, Flannels. Single Breasted, two and three-button sack, $10 to $30 Double Breasted $12.50 to $30. Sack, Eiseman Bros. 11-13-15-17 Whitehall, Atlanta. Baltimore, Md. Washington, D. C. RIBBON BOW WILL BE USED IN CAMPAIGN Continued from P.yn One. Since that time, until four year* ago. It wo* thought by' the people that the Bartow county local option law waa valid and constitutional, but on account of a wine clause In the law, the su preme court of Georgia declared It un constitutional. Although the people knew that they had no protection by law against the liquor traffic, during the life-time of Rev. Sam Jones there was a moral sentiment kept alive here that would have made It a hard matter for nnyone to have established himself In the liquor business In this county. It we* after the Bartow cose was decided by the court of appeals that a number of the prohibitionists In the county decided to call another election, and the ordinary was petitioned to call the contest for June 20, at which time the people will have a chance to say whether or not they want the county wet or dry. Since liquor was voted out of the county, Cartersvllle has more than doubled Its size and the taxable property of the city and county has been tripled. DUG IIP BY POLICE; DOG GAVETHE CLEW Believed To Have Been Bur ied by Manager of a Baby Farm. Baltimore, May 20.-Tho bodies of flftr babies bars been unearthed near Klllcott City. They are believed to have been In terred bjr some one running a baby farm. Th police expect to round tbe manager of tbe farm up witbln tha next twenty.four A dog gave tbe clew. Be was seen dig ging lo the eartb some days ago. and aroused tbe suspicions of the neighbors. PRES. ROOSEVELT’S IDEAS OF FEDERAL CONTROL OF ROADS Absolute Federal control. Power to take action to maintain highest efficiency. Place roods on practically the same basis as national banks. Power to exercise supervision over future Issuanco of stocks and bonds, thus preventing ovcr-capltallxatlon. Frank publicity of everything which the public has a right to know. Squelch manipulators of railroad stocks. . Devoto credit of railroads to betterment and development of proper ties. Prevent control of parallel and competing lines. Complete physical valuation of all railroads by the government, thus guaranteeing the public against Improper multiplication of securities. Effectively prohibit rebating. Let local railroad attorneys keep out of politics and let those who appear before legislative bodies bo listed on a special register with their business above board and open. Demand honesty of all public servants Jail the corruptionist and hunt out the blackmailer. ROOSEVELT FOR ABSOLUTECORTROL Continued From Page 1. the honest railroad manager, we should seek to discourage the activities of the man whose only concern with railroad* Is to manipulate their stocks. The business of railroad organization and management should be kept entirely distinct from Investment or brokerage business, especially of the speculative type, and the credit and property of the corporation should be devoted to the extension and betterment of Its railroads, and to the development of the country naturally tributary to the lines. Fundsmsntal Principles. These principles are fundamental. Railroads should not be prohibited from acquiring connecting lines, by acquir ing stocks, bonds, or other securities of such lines: but It Is already well set tled as contrary to public policy to al low railroads to acquire control over parallel and competing lines of trans portation. Subject to first giving to the government the power of super vision and control which I have advo- cated above, the law should be amend ed so that railroads may be permitted and encouraged to make traffic agree ments when these are in the Interest of the general public as well as of the railroad corporations making them. These agreements should, of course, be made public In the minutest detail, and should be subject to securing the pre vious assent of the Interstate com merce commission. Movement Com* to Stay. ■ The movement to regulate railway* by law has come to stay. Every hon estly managed railway will gain and not lose by the policy. The men more anxious to manipulate stocks than to make the management of their roads efficient and honest are the only ones who have cause to oppose It. We seek nothing revolutionary. We would be the first to protest against any form of confiscation of property, and whether we protested or not, I msy add that the supreme court could be trusted In any event to see that there should be nothing dons under the guise of regulating roads to destroy property without Just compensation or without due process of law. Our aim Is pri marily to prevent abuses In the future. Wherever evildoers can be. they shall be. brought to Justice; and no criminal, high or low, whom wo can reach will receive Immunity. But the rights of Innocent Investors should not be Jeop arded by legislation or executive ac tion; we sanction no legislation which would fall heavily on them. Instead of on the original wrongdoers or bene ficiaries of the wrong. Ws would be the first to oppose any unreasonable re- strlctlons being placed upon the Issu ance of stocks and bonds, for such would simply hamper th* growth of the United States; for a railroad must ul timately stand on Its credit. But this does not prevent our demanding that there be lodged In the government pow. er to exercise a Jealous care against the Inflation of securities, and all the evils that'come In It* train. The man who builds a great railway and those who Invest In It render a great public serv- Ice; for adequate transportation facili ties are a vital necessity to ths country. In so far as the law Is concerned, all 1 ask of the officials Is a willingness to comply fully with Its spirit, and them. The Investing public was ready to back with unlimited confidence the Institutions on which the federal gov ernment had set the seal of Its con fidence and approval. The railways have not been given this certificate of character, under the seal of the national government, and therefore many people who Invest freely In the shares of banks are re luctant to buy railroad securities. Give them the same guarantees as to rail road securities which- we now give them as to national bank shares, and wo would presently see these people In vesting In railroads, and thus opening a new reservoir from which to draw the capital now sp much needed for the extension and' betterment of the railroads. Prevent Abuse of Power. As far as In my ability lies my en deavor la and will be to prevent abuse of power by either and to favor both so long as they do well. Most cer tainly there will be no relaxation by th* government authorities In the effort to get at any great railroad wrecker—any man who by clever swindling devices robs Investors, oppresses wage work ers and does Injustice to the general public. To confer upon the national government the power for which I ask would be a check upon over-capitaliza tion and upon the clever gamblers, who benefit by over-capitalization. But It alone would mean an Increase In the value, an Increase In the safety of the stocks and bonds of law-abiding, hon estly managed railroads, and would render it far easier to market their se curities. I believe In proper publicity. The administration Is responsible for turning on the light, but It I* not re sponsible for what the light showed. I ask for full power to be given the Fed eral government, because no single state can by legislation effectually cope with these powerful corporations en gaged In Interstate commerce, and. while doing them full Justice, exact front them In return full Justice to others. The conditions of railroad ac tivity. the conditions of our Immense Interstate commerce, are such as to make the central government alone competent to exercise full supervision and control. Better Transportation. The great need of the hour, from the standpoint of the general public—of the f iroducer, consumer and shipper alike— • the need for better transportation facilities, for additional tracks, addi tional terminals and Improvements in the actual handling of the railroads; and all this with the least possible de lay. Ample, safe and rapid transporta tion facilities are even more necessary than cheap transportation. There must be Just and reasonable regulation of rates, but any arbitrary and unthinking movement to'cut them down may be equivalent to putting a complete stop to the effort to provide better transportation. There can be no question as to the desirability of doing away with rebates or any method of favoring on* shipper at the expense of a competitor, and di rect dealing with the rates Is some times the only method by which this favoritism can be avoided; but where favoritism I* not alleged, and when the question Is nakedly one of getting a lower rate. It must be remembered that It Is often possible that those demand ing It. may be diametrically opposed In Interest to those who demand a better, STEINWAY KNABE EVERETT HARDMAN FISCHER ON EASY PAYMENTS PHILLIPS & CREW CO., 37-39 PEACHTREE STREET. SOLE AGENTS IN THIS SECTION. ...... ibr r . ed to hid* a previous crime. protmblj murder* *HOGLESS-EARD* A vegetable lard, without any hog-fat in it. Made of purest, refined, deodorized cotton seed oil, under Wesson process. Odorless and tasteless.. For bread, biscuit and fancy pastry baking, frying meats, fish, pbtatoes and d6ughnuts, and as a substitute for butter, it is the purest and healthiest cooking fat, requiring only three-quarters the amount to attain the same results as from the use of butter. Appea s to housewives from economical and healthful points of view. Will not take on odor of fish, onions or any thing else. Will not soak into or become absorbed by anything cooked in it. SOLD EVERYWHERE The Southern Cotton Oil Co. New Orleans readiness to move along the lines In dicated by those who ere charged with administering It. „ , United States Valuation. Ample provlelon should be made by congress to enable tbe Interstate com merce commission, by the employment of a sufficient force of experts, to un dertake the phyelcal valuation of each and any road In the country, whenever and so soon as In the opinion of the commission such a valuation of any road would be of value to the commis sion In Its work. , . , At tbe outset, let It be understood that physical valuation Is no panacea; it I* no sufficient measurement of a rate: but If will be ultimately needed as an essential Instrument In admin istrative supervision. It will be of use to the commission In connection with the duty of determining the reason ableness of future capitalisation, both as one element to enable such a body to come to a right conclusion In the matter, and also as an element to be placed before the Investing public, to enable this public In Its turn to reach a conclusion; though, of courts, capitali zation must be determined In large measure by future need rather than past investment. Such .a valuation would necessarily help to protect the railroads against the making of Inad equate and unjust rates, and would, therefore, be ms Important from the standpoint of the protection of the railroads as from the standpoint of the protection of the public; and, of course, It Is necessary to the enduring pros- peiity and development of the country that th* railroads shall yield reasonable profits to Investors. . Effect of Valuation. Ths effect of euch valuation and eu- pervislon of securttlea can not be re. troactlve. Existing securities should be tested by the laws In exlatence at at time of their Iseue. But the public Interest requires guaranty against Im proper multiplication of securities In the future. In providing against over- capital Ixatlnn we ehall harm no human being who Is honest; and we shall ben. eflt many, for overcapitalization often means an Inflation that Invites busl- ness panic; It always conceals the true relation of th* profit earned to th* cap ital Invested, creating a burden of In terest payments which may redound to th* loes alike of the wage earner and the general public, which I* concerned In the rates paid by shippers; It dam- ages the small Investor, discourages thrift, and pula a premium on gambling and business trickery. On Nationsl Bank Basis. Ko state, of course, can do for the railways what the national government has already done for the banks, and that government should do something analogous for the railways. National bank stocks are bought and told large, ly -on th* certificate of character ■ service, and higher wages lea. If thr gher wages, for short- >lo the demand for ■re taxes, for higher wagee, for short- hours for employees, and for lower rates becomes so excessive as to pre vent ample and speedy transportation and lo eat up tha legitimate profits; If popular and legislative movements take a shape ao Ill-directed as not only to threaten honest Investments end honest enterprises, but also to prevent any ef fort for the betterment of transporta tion facilities, It then become* out of the question to secure the necessary Investment of capital In order to bring about an Improved service. Qlv* Shippers Cart. Rates should not be unduly high; there should be a thorough safeguard ing against accidents; the shlpers of the country must bo supplied generously with cars and all other equipments necessary to properly care for our com merce, and all thf* means that the national government must be given fuH and effective power of supervision and control. But the Interests of those who build, who manage, and who Invest In the railroads must be no less scrupu lously guarded than the Intereets of the public. It Is urgently necessary at the present time. In order to relieve the ex isting congestion of business and to do away with the paralysis which threat ens our expanding Industries, because of limited and Inefficient, means of dis tribution. that our railway facilities should be so Increased at to meet the Imperative demands of our Internal commerce. The want can be met only by private capital, and tho vast ex penditure necessary for euch purpose will not be Incurred unless private capi tal Is afforded reasonable Incentive and protection. It Is therefore a prime ne cessity to allow Investments In railway properties to earn a liberal return, a return sufficiently liberal to cover all risks. We can not get an Improved service unless the carrier* of the coun try can sell their securities; and there fore nothing should bo done unwar- nntedly to Impair their credit nor to decrease the value of their outstanding obligations. Not Physical Opsratlon. I emphatically believe that positive restraint should be Imposed upon rail way corporations, and that they should be required to meet positive obligations The First Dividend Many n capitalist of today re ceived bis first dividend years ago in the form of interest on a mod est little savings account. When you start a savings ac count you can never tell what it will lead to. It’s a sound founda tion for the erection of a suc cessful career in any degree, from a moderate competence to an in dependent fortune. You. ou can open an account m our Savings Department with a dollar, or as much more as you like. 4% x. a. COX ii 00., Distributors, Atlanta, Ga. Interest compounded twice a year. Central Bank & Trust Corporation, Candler Building, aminatioas n <md' supervision, give# lo Branch Cor. llitchell and Forsyth. It Is plainly Inadvisable for the govern ment to undertake to direct the phyal cal operation of the railways, save In wholly exceptional case*, and the eu- K rvlslon and control It exereleea should both entirely adequate to secure Its ends, und yet no more harassing than Is necessary to secure these ends. I believe that the railroad men of the .United States are coming to a more perfect sense of the responsibility of the relation which they bear to tha public, and of the dignity of that rela tion. They are public servants In lb* highest and fullest sense. We begrudge neither honor nor reward to these men to whom we entrust our live# and our property. For several month# past some. If not all, of our road* have been In a condition of extreme congestion. Doubtless this Is mainly due to the fact that the country haa outgrown Its rail roads, that our prosperity ha* Increased at such a rate that the most sanguine and optimistic railroads have been un able to keep pace with Its growth. I believe that there Is sufflclsnt In, genulty and executive genius In the operating official# of th# road* greatly to diminish the troubles complained of. Rebating 8topp*d, The admirable national legislation of recent yeara. In taking away from the railroad* th* power of giving Ille gal favor, haa taken away from them one of the Illegitimate methods by which they used to protect themselvee from Improper attack; and It I# there fore necessary that upright public eery, ante should be as vigilant to protect them against harm as to prevent them from doing harm. Finally, friend#, let u# neVer forget that this Is not merely a matter of business but also a matter of morals. • Let the local attorneys of the big road* keep out of politics; and when they have to appear before the national or any state legislature let their name* He put on a special register, and let their business be aboveboard and open. There are blackmailers In public life, - and the cltlsen who It honest will war against the men who tries to blackmail a railroad or a big qgrporatlon with the same determination to punish him as against the man who corruptly favors such ~;'- u . ncinB p<litlM . ' Let the big railroad man scrupu lously refrain from any effort to In fluence politics or government save a* It Is the. duty of every good cltlsen In legitimate way* to try to Influence pol itics and government; let th* people as a whole.' In their turn, remember that It Is their duty to discriminate In the sharpest way between* the railway man who does well and th* railway man who does III; end, above ell. to remember that the Irreparable moral harm done to tbe body politic by corruption la Just as great, whether th* corruption takes the form of blackmailing a big corporation or of corruptly doing It* bidding. What w# have to demand In ourselves end In our public servants Is honesty—honesty to all men; and If we condone dishonesty because w* think It is exercised In th* Interests of the people, we may rest assured that the man thus showing It tacks ouly th* opportunity to exercise It against the Interests of the people. Corporations Ficklt. The man who Is on occasion a cor ruptionist, Is apt, when the gust of the loudest, most reckless, and most violent among those who de- > nounce them. Hunt such a man out of public life. Hunt him out as remorse lessly If he Is u blackmailer as If he stands corruptly for special privilege. Demand honesty—absolute, unflinching honesty—together with courage and common sense, In public servant and In business man alike. Make It evident that you will not tolerate In public life a man who discriminates for or against any other, save as Justice and reason demand It; and that In your attitude toward business men. toward the men who are dealing with tho great finan cial Interests of the country, while you Intend to secure a sharp reckoning for the wrongdoers, you also Intend heortl. ways are doing good work In tho bus!-1 nea* community—the railway preol- | dent, the traffic manager, or other of ficial, high or low, who Ih doing all In : hla power to handle his share In a vast j and complicated business to the profit I alike of the stockholder and the gen- j cral public. Millionaires Trustees. Let the man of great wealth remem ber that, while using and enjoying It. he must nevertheless feel that ho la In a sense a trustee, and that consistent misuse, whether In acquiring or spend ing his wealth, Is ominous of evil to; himself, to others who have wealth, and to the natron as a whole. As for the rest of us, let us guard ourselves against envy ua we ask that others guard themselves against arrogance, I and remember Lincoln's words of kind- j ly wisdom; "Let not him who Is, houseless pull down the lmuae of an other, but let him work diligently and build one for himself, thus by example assuring that his own shall be safe ly to favor the men who In legitimate from violence whop built." The butterflies Are yellow, The flowers are Awful gay, Why shouldn’t Every fellow Come out In glad array! Its time to take the hint that nature gives you. Clothe yourself anew. You can't enjoy the fresh ness of Spring unless you yourself blossom out in fresh, new clothes. A soft gray suit will make you feel ‘‘new." You can choose from many shades and designs. $15.00 to $40.00. Or the ‘‘always right" blue serge $15.oo to $35.oo. MUSE 3-5-7 Whitehall Street