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THE ATLANTA GEORGIAN AND NEWS. THURSDAY. DECEMBER 5. SAYSREPOIT Cortelyou Says This Is Increase of $144,- 485,910 Over 1906. Washington. Dec. 5.^-In the report of the secretary of the treasury for the fiscal year, a total circulation of $2,876,- 868,696 D shown. This Is a net Increase of $144,486,810 over the circulation of Catarrh ■Whether it is of the nose, throat, stomach, bowels,' or more delicate or- Rans, catarrh is always debilitating and ehonid have attention. The discharge .from the mucous membrane is because this is kept in a state of inflammation by an impure condition of the blood. Therefore, to cure, take the best blood purifier, Hood’s Sarsaparilla usual I lentil form or cboretsled tablets Inga banks. On November 11 there were on deposit In national bank de posltarles: To the credit of the United Suites, 3212,958,SU.<!4; to the credit of disbursing officers, 111,877,415.40; total, 8220,838,337.04. Sums Distributed. ‘This sum was distributed among notional banks In every state and ter rltory of the Union. "These deposits, and other treasury operations, In connection with the asso ciated efforts of prominent financiers and other business men,' who aided first by giving Important relief to cer tain embarraased Institutions and aft erwards by providing for the Imports of gold, of which up to November 15 •T-h- „„hiic denosltories there h *d been engaged more than HO,. K SStbSTTSow, was 'b&flUHuS I ?g&£!72 fheTrJaT The total| ®“h available In the Bcnerai ury h|u) ma<le such adjustment of de- "" ,44 4h® close of the ilscal year poilw between the various cities and section* as was possible in such a time fund moM.«sV The total circulation of na tional banks Is given »« ;se4,058,321 (tcdersl monies), a net Increase of 3144.485.810. In recommending relief measures, Secretary Cortelyou says: Bsnk Reserve.. "According to (he report of the con dition of national banks on August 28. 1807, the amount of reserves held by all the national hanks In the country was 81.121.358.395. Of this amount about 3165,000.000 was held In the three central reserve cities os depo»lts of lianka located In the 40 other reserve cities. A further amount, which can not be estimated, was also deposited In the central reserve cities as constitut ing the three-fifths reserve which all other banks might >so deposit. "The total-amount held by central reserve banks due to national banks was 8427.000.000. so that nearly one- half of the deposit! by other nutlonat banks In the banks of the central re serve cities consisted of funds counted as resorvss by national banks outside of the central reserve dtlee. "It might be regarded as worth while to consider the effect of amending the laws so that the country might be di vided Into geographical or commercial sections, with provision for the reten tion within each section of a Inrger proportion of the bank reserve! re quired to be held against deposits In the national banks of such section. Emergency Measures. "During the summer the gradual In creasing rats of Interest charged tor call money, time money, and discounts nf commercial bills Indicated a pro gressive diminution in the amount of available cash. Accordingly, It was decided August 23, 1907, to make each week aubstantlal deposits In the dif ferent sections of the country, with the particular object of facilitating the fall movement of the crope. "These distributions were continued weakly until the aggregate amount of 826,000,000 had been so distributed. Notwithstanding this measure, there waa a constantly Increasing stringency In th" monetary centers, which culmi nated In ths forced ausiientlona nf sev eral Important Institutions. $35,000,000 Put Out "As the crisis approached the de partment' adopted the etrongeet meas ures to give material assistance. With in four daye there was transferred from the treasury to the banks the aum of 825.000,000, the security received therefor being such state, municipal ami railroad securities as are accepta ble under the laws of the atatCB of New York, Massachusetts, Connecticut and New Jersey as Investments by sav- Alcohol Aik pour doctor If a family medicine, like Ayer'i SanapartUo, h nol earth) kilter without alcohol than with II. Without Alcohol Without Alcohol A EtrooR Tonio * A Body Builder • A Blood Purifier - A Great Alteratira A Doctor's Msdicico Ayer's Sarsaparilla Without Alcohol Without Alcohol Without Alcohol Without Alcohol W.tuv.naseer*t.t WfMVUh .. . r- r sMIilnn. . Lowall, Sui. of financial stress, and through the co operation of Eastern bankers has se cured the transfer, through the usual commercial channels, of large sums of money to the South, the ■ West, the Northwest and the Pacific coast, l Banks Hoarded Money. "When the story of the recent com merclal and Industrial disturbance has been fully told, I am confident that many misapprehensions will bo cleared away and that the Interdependence of nil sections of the country will be more fully understood. It Is said that many of our people have hoarded money. This Is undoubtedly true, but so have many of the banks. "The secretary of the treasury Is given wide discretion In many matters wherein ho Is rarely called upon to exercise It, and little, If any, In others where It Is needed dally, particularly as to certain of those having to do with the vitally Important subject of our currency. Hands Are Tied. "In limes of emergency hie hands are virtually tied. It In such periods of stress. In an effort to avert calamity and serve the Interests of all ths peo ple, he ts obliged to resort to unusual measures, criticism la unfortunately In many Instances directed not to the In adequacy of the system, but solely to the effort to give relief, even though It be successful In accomplishing that purpose. "It should not be forgotten that he hns to deul with tho practical rather than the theoretical side of the cur rency question. The failure of the ad herents of the various suggested plans of currency reform to co-operato or to agree upon a practical measure would hardly appear to be a sufficient renson for holding 'him responsible for their Indecision nnd Inaellon. Tho Irtwa un der which he udmlnlsters his office should be made to meet the dally needs of the people, and h4s duties, suffi ciently onerous ns they are. should not be made more burdensome by restric tions which leave him with the respon sibility, but with no adequate means at his disposal to meet It. Should Be Object Lesson. "What hns happened not only this year, hut mnny times before, should servo as nn admonition to enact wise lows for tlie v prevention In the future of disasters due In port at least to the Imperfect organisation of our monetary system. "I deem It Important that something he done ns speedily as may he consis tent with thorough consideration to provide under government guaranty a greater elasticity to tho currency— something which shall be automatic In Its operation and which shall tend to equalise rates of Interest not only In different sections of tho country, but at different periods of the year. Provision should be made cither for surh elasticity without the necessity of Intervention on tho part of the secre tary of the treasury or he should he grunted tho authority to supply It by properly safeguarded measures. I be lieve that simplicity of pinn and ness of action arc what the people need and will demand. Wlmt particular form this propsed legislation should take must be left to the action of the congress. I hnve nn pride of opinion as to the method, but I have the deepest concern ttmt the result shall be adequately beneficial, "The only specific recommendation 1 would 111,181' at present |s that It bo given prompt attention, and that It be not laid aside until some definite means of relief shall have been enacted Into law.” PIC ISOM *. SJTM Not a Symptom Will Show in 30 - Days. "The panic has been over two weeks. In thirty days hardly the slightest symptom will be left." This Is the statement of W. Wltham, the well-known hanker, who recently returned from a trip of sev eral weeks to the East. Mr. Wltham addressed the American Bankers' Association In Atlantic City nnd spent ten days In New York financ ing in the aid of the hoete of deorgla farmers who are customers of the Wltham banks over the state. “The hanks in New York," continued Mr. Wltham, "have regained a strong foothold, and certificates are being cancelled right along and currency la being paid out. Of course currency not being paid out as freely as before, but It le getting more free every day nnd soon perfectly normal conditions will be restored. "I have heard' people talk about this panic In "connection with that of 1898. This one has been just a tiny tot be side that one. The two cen not be mentioned in the same breath.” Mr. Wltham was seen by a representa tive of Tho Georgian Wednesday aft ernoon and was asked for a statement on ths situation. "Mark ray word,"' he stated, "money will be more abundant next spring than It has been before In years. All this gold that came over from Europe not going buck. Cotton and wheat art going over there Instead and the gold will stay over here. "Cotton Is going higher, too, just as I have predicted right along. If trade conditions were normal and money free, cotton would be selling at 14 cents now The demand for cotton goods Is In creasing as the situation brightens "I wrote to several of my banks few weeks ago stating that cotton was gc-lng higher. It was then worth 10 to 10 1-2 rents. Now It is worth from II to 111-2 cents In country towns, ac cording to reports reaching me. "I was misquoted, by the way, In my speech at Atlantic City. 1 stated that this year’s crop would bo ono of tho hlggext money crops of years. Several papers quoted tne as having said it wits going to be one of the biggest crops. The crop will be email, hut It will bring plenty of money. This le what I said and meant. "1 hear mnny pooplu talking about the bunk Certificates, If It had not been for the quick and judicious action of Or. Lyon’s PERFECT Tooth Powder Cleanses, preserves and beautifies the teeth, and Purifies the breath A superior dentifrice for people of refinement Established in 1866 by c/. & £ flH NATIONAL CERTIFICATES Adds $170,000 to the Currency Circu lation. The Fourth National Bank of At lanta Thursday morning put 3170,000 additional currency Into circulation, following the allotment of that amount in the new S per cent certificates by the government. The new currency Is Identical In form with the hank notes already used by that bank, the government having authorised the Issue of 3170,000 In ad dition to the 3400,000 circulation al ready used by the bank. This gives the Fourth National a circulation of 8570.000. Last spring the Fourth National Bank increased Its capital from 3400,000 to 3800,000, this permitting. If necessa ry, the circulation nf 3200,000 additional circulation. This war taken advantage of by the use of the 3170,000 circula tion granted by the treasury depart ment. Vice President J. K. Ottley explained Thursday morning that the aditlonal Issue would be in the form of bank notes. Identical with those formerly Issued by the banks. There Is no new form of certificate or other paper to puxsle the recipient. The Fourth National was the only Atlanta bank to be allotted any of the treasury certificates. The government has also offered 850,000,000 Panama bonds for sale, and the Issue hns been largely over-subscribed. Several At lanta' banks. It Is understood, bid on these bonds, but the allotments have not yet been mode. J. K. Ottley, vies president of the Fourth National Bank, had this to say In explanation of the Issuance by the government of the treasury certifi cates; "The secretary of the treasury re cently offered for sale to national banks United States 3 per cent cer llllraten nf Indebtedness, provided the purchasing banks would uso them for the purpose of Increasing their clrcu latlon. "The secretary of the treasury has also offered for sale United States bonds for the purpose of defraying ex penses of the Panama canal. "Certificates were allotted by the secretary of the treasury to the extent of I2r>,000,000, which means that banks purchasing them pay for the same In cash, which puts 325,000,000 cash Into the treasury, and prevents the neces sity of the treasurer withdrawing de posits now In national bankB, and at the same time afforded a basts for the Increase of circulation In the same amount, which means that 325,000,000 of national bnnk notes will be put Inf Circulation, that Is puls 825,000,000 new money Into circulation. The Fourth National Bank ot Atlanta was allotted 3170,000 ot the 3 per cent certificates end has Increased Its circulation In the same amount, raising It front 3400,000 to 3570,000." Mr. Ottley and Colonel Robert J. Lowry, president ot the Lowry National Bonk, have recently returned from the East, and both apeak cheerfully ot the brightening sltvutlon In New York and over the entire country. SILVERWARE AT MAHUFACTURERS’ COST P This molning we placed on sale 2,000 pieces of Best Quadruple Plated Silverware at lowest prices ever quoted in Atlanta. Every piece is in perfect condition and posi tively guaranteed for 25 years. During this sale we will have the Southern Representative of the Middleton Silver Co., Middleton, Conn., who will devote his entire time to the in terest of our customers. (NOTE) $10.00 Tea Service $5.75 Set consists of Tea Pot, Sugar Bowl, Cream Pitcher and Spoon Holder, and is positively guaranteed 25 years. Here Are a Few of the Items: Regular Price Cut Price QUSCK DELIVERY IPROHIBITIONi The Cold Weather Voted Out by “BANNER the banks In Issuing certificate* and providing a safe form of currency to aid In the movement of the cotton crop when the currency became short, cot ton would have dropped to 8 cents. "The opinion I gave to my banks, and the one I still hold. Is tHut cotton will continue to rise until the next glnners' report, and whether It will continue to rise after then depends on how high the price has gone when the report- Is made, "The suggestion that was made months ago In regard to Issuing ware house certificates with cotton as securi ty has been adopted In Texas, I see, and It Is a splendid plan. There Is no earthly reason why the farmer should not store hts cotton and be allowed to lisue or have Issued certificates say to 5J per cent of Ita value with which to pay off his debts. The cotton 1s held as security. It is just as feasible a plan os the banks Issuing currency on bonds or the railroads meeting pay rolls with bonds.” 10096 Combustion Low in Ash. High in Carbon Phone 656. CIGARETTES DID IT, SAYS BOY’S FATHER $ 4.00 Butter Dishes, best quadruple plate $ 2.50 15.00 Tea Sets, Li 46 10.00 4.00 Syrup Pitchers, Li 44 2.50 5.00 Fern Dishes, LL (4 5.25 .75 Child’s Cups, Li 44 y .38 4.00 Cake Baskets, LL 44 2.75 x 2.50 Shaving Mugs, “* Lt 44 1.75 7.00 Baking Dishes, LL 44 5.00 3.00 Bread Trays. LL • 4 2.00 5.00 Waiters, (< 44 3.25 SEE WINDOW DISPLAY King Hardware Co., ^ hamHi 53 Peachtree Street. The Georgian's popular toting contest Is opeu to all respectable women In Georgia between the years of 15 it ml 60. Anyone can nominate a candidate. It Is not absolutely necessary to oso tho nominat ing blank printed In The Georgian dally, although to do so is more regular. Simply sending In votes, whether clipped from The Georgian dally or npon pald-tn-advnnco sub scriptions amounts to a nomination. The otlng coupons, printed dolly In Tho Geor- Jon, count for lire r“‘* ' “"*■ ’ nnd one vote nfter sove he sent In promptly. C ~ one with full name nnd address. Every yearly psld-ln-ndvonce NEW sub scription counts for 2.403 votes; OLD sub scription 1,200 votes. Every six months paid In advance NEW subscription counts for 1,000 votes; OLD sulMcriptton 500 votes. Every three mouths, paid In advance. NEW subscription counts for 400 votes; OLIhtub- ■rrlptloti 200 votes. Every one month, paid tu advance, NEW subscription counts for 100 votes: OLD subscription 60 votes. A NEW subscriber ts one who Is not now taking The Georgian. A chungo of name without change of nddress does not consti tute s new subscriber. Where a subscrip tion Is changed from one member of the will not be accepted ns such In this contest, tine who stops The Georgian for a ’short Ittmo nnd re-subtrrihes for the purpose of securing more votes In this contest will not accepted os a NEW subscriber. nf.n to pay up post due subscript Ions. A past duo subscription hns to be puld up before votes arc Issued on a pald-In-advnnee sub* scrlptlon to tho same party. New subscriptions count for twice as mnny votes ns old subscriptions. The city of Atlanta is divided Into fifteen districts, tho suburbs Into five districts and the stato Into ten districts. There are four grand prizes—$1,000 In gold, a $2,000 touring car automobile, a $760 Grand I'lano, and a $650 Runabout Antomo* Idle. These prises go to the four con second choice and so on for the third and fourth highest contestants. One contestant can win only one prize. There are ninety districts. Three prizes will l»e nwarded to each district. Irre spective of the number of votes brought In front any other district. The fourth contestant In district one may trlct 30. but the contestant In district SO II get first choice of the prizes for dis trict 30. in this way three prizes will go to cnch district. The four successful con ceive any district One prize only to each successful com testsnt • The district prizes nre: Ten Klngsberry pianos furnished by tho Cable Plano Com ; 20 trips to Cnba, nil expenses paid ..... time of leaving home; thirty scholar- No votes nre Issued on money brought in ships; fifteen dlaraoud rings, and fifteen pop* by n by a committee of leading cit R. 0. CAMPBELL COAL CO. "Judge Broyles, that boy has simply smoked cigarettes until his mind Is abso lutely gone. Cigarettes have robbed him of his sense of self-respect, and he Is not re sponsible for onythlug he does. I want to have him placed In the asylum, ao he can be cured.” This statement was made In police conrt Wednesday afternoon by M. Wtnegardner, of 106 Auburn avenue. In defense of his son, C. E. Wluegardner, accused of taking money from the cash register In the bakery \. It. .Schwltserlet, 126 Marietta street. Yell, I don't believe In this way of al- ug ernsy people to run smnnd at large until they commit some crime,” responded Recorder Broyles, ‘if they are crazy they ought to la* confined as soon ns It becomes known they are Irresponsible. ! sm going to bind this young man over to the state courts for larceny from the house and let ■y In the Tower awhile. I think tl| t him.” him stay I Wlnegardncr’s bond was fixed st $*» Ills father Intimated he would swear oat a writ of lunacy, so the question of sanity nuild Iks iletnnnfMed. tc Tiie Household Surgeon” Dr. Porter’s Antiseptic Healing Oil A Household Surgi cal Dressing for al) wounds, sores and skin diseases, whe ther slight or serious. Relieves pain- antiseptically cleanses-quickly heals. It is sought after and continually used by all who give it a first trial. Nearly all Druggists now sell it. 25c, PLAN OF GEORGIAN’S POPULAR VOTING CONTEST gold watches. Subscription One year, $4.60; mumun, #..w, mouths, $1.25; ono month, 45 cents. Request for ballots must be made fit time subscription Is paid. Subscriptions can be secured anywhere. Contestants ara not restricted to their dis trict In securing subscriptions. The money must sccoinpuuy all subscrip tions for votes. ( delivered by them or seut nyloyce member of the family 1 Is eligible to become a contestant. The voting coupon Is published dally In The Georgian. Irive votes first week, ou« vote thereafter. Don’t havo to be a subscriber to bo a contestant. The Georgina reserves the right to pass upon candidate’s eligibility. All subscriptions must have name nnd number of street or R. K, D. route plainly written. Contest opened Friday, November 14, J o. m.. and closes Saturday, midnight. Feb- nary 1,-1908. Write r or call at The Georgian office for any further particulars nnd for blanks. Send all subscriptions, remittances and letters to The Atinntn Georgian Contest Department, Atlanta Georgia