Newspaper Page Text
6
THE BANKER’S MEET
Mr. J. H. Reynolds Interviewed on the
Recent Convention
THINK IT A LONG STRIDE FORWARD
Legal Tenders Are a Const nt Menace to
Prosperity* And Permits Syecula ors
to Redeem Same In Gold
Recently bankers from all over the
south met in convention in Atlanta, and
prominent financiers from all sections
of the country were present.
Mr. John H. Reynolds, president of
the First National bank of Rome, at
tended, and in an Interview with a Tri
bune reporter gives some interesting
and valuable facts concerning the meet*
ing. Mr. Reynolds said:
“The action of the convention was
a long stride forward in settling the
much vexed currency question.
“You see the difficulty is this—legal
tenders are a constant menace to
prosperity, in that at any time under
the present system any combination
of wealthy speculators can take these
legal tenders to the United States
treasury and demand gold. This done
in large amounts produces a panic;
then the speculator gets in his work
/'Now we propose to remove this
standing danger by retiring the legal
tenders. Then inaugurate a system
similar somewhat to the Canada
system. Allow all banks in good
standing to issue bills say to the
CAPT. JOHN H. REYNOLDS.
amount of 50 per cent of their good
assets, under United States govern
ment supervision and regulation.
This is to insure a uniform currency
good all over the United States.
“These bills to be a first lien on the
assets of the bank. Require all banks
availing themselves of this issue priv
ilege to pay a tax to the government
on the amount of their issues. The
fund created by this tax to be used
first in paying the expense of the bank
ing department (which will be but a
small portion of the fund) the remain
ing portion of the fund to be used in
redeeming the bills of failed banks
whose assets failed to produce enough
money to redeem all of its bills.
“The feature of issuing currency on
the banks' commercial assets has all
along been an objectionable one to
conservative people. I objected to
this plank in the resolution before
seeing that provision has been made
to secure their perfect safety by gov
ernment supervision, by the first lien
on the assets, and the tax fund for
redemption purposes.
“To my mind there can be no currency
plan more free from criticism than this
one. If the republican politicians can
“read the writing on the wall” they will
welcome this plan or something similar,
“It is high time the people were get
ting out of their heads that national
banking privilege is favored monopoly.
When they were first organiz’d and could
“77’
BREAKS UP
COLDS
YOU FEEL fime.
After a cure by* "Seventy-seven” you
will feel fine. Not like a rag, all played
out, as if you had been drawn through
a knot hole; as you do after other treat
ment; because “77” besides curing the
i cold, tones up the system, braces you
up, never lets you run down; is a tonic
from start to finish. You will appreci
ate this when you consider how debili
tating a cold and especially LaGrippe
is.
25c vial leads to "a dollar flask.
At druggists or sent on receipt of
price.
Ask for Dr, Humphreys’ Specific
Manual of all diseases at your druggists
or mailed free.
Humphreys Med, Co., Cor. William
and John streets, New York.
Cold Cure cures colds In tbe head, colds on the
lungs, old colds, new colds and obstinate colds, and
all forms of grip. Stops sneezing, discharges from
tbe nose and eyes, prevents catarrh, diphtheria,
pneumonia, and all throat and lung troubles. These
pleasant little pellets are absolutely harmless, have
saved thousands of Ilves and prevented much sick
ness. The Munyon Remedy Company prepare a
separate cure fur each disease. At all druggists—
-25 cents a vlaL If you need medical advice write
Prof. Munyon, U 0& Arch Street, Philadelphia. It la
absolutely free.
buy 6 per cent bonds at less than par
they were very profitable, but now that
the bonds draw 4 per cent and cost 1.28
there is no profit, but an actual loss in
the currency issue privilege. Hence but
tew banks (scarcely any) issue any cur
rency except the very smallest amount
the government will allow them. I can
speak for the First National Bank of
Rome and say that we would not have
one dollar of circulation out if we were
not required to keep $37,500.00 of United
States bonds with the United States treas
urer. Now in view of this non profitable
feature of national bank circulations it
has been recommended to congress that
the tax on circulation be reduced. Why?
Because the tax has been paid by national
banks on their circulation since 1865 has
produced in the United States treasury a
sum sufficient to pay all the expenses of
the banking department and to have
paid all the bills of all failed banks and
still a surplus left if there had been no
other provision for the payment of the
bills.
“The national banks have been a
great source of profit to the govern
ment, instead of enjoying a huge mo
nopoly. The national banks of the
south will only be too glad to join the
state banks in issuing currency on
good assets under proper safeguards.
‘•You asked me about tbe Berner
currency bill. There is nothing in it;
they are to be payable in merchandise
silver. They wouldn’t pass for money
ten feet from the door of the bank
that issued them. Talk as you please
the people are not going to be satis
fied with any other than sound
money, that will pass for one
hundred cents on the dollar anywhere
in the United States.’’
The large and handeome
doll in the show window of
Bass Bros. & Co's., store will be
raffled on the 24th,
WHY GREECE DIDN’T WIN.
It Is Claimed the Navy Had Secret Orders
to Remain Inactive.
London, Dec. 18.—Henry Labouchere
is the author of a sensational article in
Truth, the authority for which is a
well known foreign diplomat. The ar
ticle says:
“Greece was involved in the war with
Turkey owing to the endeavor of King
George to bluff the czar into hurrying
the marriage of , Princess Mario. The
czar declined to interfere and King
George, knowing that Russia was most
desirous that there should be no dis
turbances in the south of Europe, played
with the war party until it got beyond
his control. The czar then warned
King George that the Turks would oc
cupy Athens and that his dynasty
would cease to reign.
“King George finally entered into ar
rangements with Russia, the latter
promising that the Turks should not go
beyond Thessaly, provided no real stand
was made against them, that the Greek
forces in Epirus would not seriously op
erate against Janina and the Greek fleet
would remain inactive. All these ar
rangements were carried out, the crown
prince, Prince George and Oolonel Vas
sos all having secret orders from the
king.”
The Daily Chronicle, which continues
to champion the cause of the Greek
royal family, professes to know that the
story is untrue, but it is generally be
lieved.
The Crown Prince and Crown Prin
cess of Greece, otherwise the Duke and
Duchess of Sparta, will soon leave Ath
ens to be absent for a year. Prince
Constantine is suffering from severe
nervous depression and he and his wife,
the Princess Sophia of Prussia, will go
to the Riviera and then to Germany and
England.
SCOTT CAUSES A BIG STIR. |
London DramitiC Critic Attacks the
Morals of the >t*<e.
London, Dec. 18. —Clement Scott, the
dramatic critic, has stirred up a storm
by the circulation of advance sheets of
an interview for Great Thoughts, at
tacking the morals of the stage. Its ut
terances are based on the most intimate
lifelong acquaintance with the person
nel of the profession and his position es
dean of tbe London critics gives his
views importance. Seeing the advance
reception Mr. Scott requested the editor
I not to print the interview, which he
refused to do.
Mr. Scott, in the interview, said it
was nearly impossible for women to re
main pure who adopt the stage, adding
that the freedom of life, speech and
gesture behind the curtain “renders it
almost impossible for a woman to pre
serve that simplicity of manner which
Is her greatest charm.
“What is infinitely more to be de
plored.” he added, “is that a woman
who endeavors to keep her purity is
almost as a necessity foredoomed to
failure in her career. It is an awful
thing to say, and still more terrible, it
is true; but no one who knows the life
of tbe green room dare deny it.”
Miss Allie Hughes, Norfolk, Va*,
was frightfully burned on the face and
neck. Pain was instantly relieved by
DeWitt’s Witch Hazel salve, which
healed the Injury without leaving a
scar. It is tbe famous pile remedy.—
Ourry-Arrington Co.
HIE ROME TRIBUNE. SUNDAY DECEMBER 189*7.
UNWRITTEN LAW IGNORED
Man Who Killed the Deepoiler of HI
Home Indicted For Marder.
Lexington, Ky., Dec. 18.—Judge D
Gray Falconer’s higher law theory
which he enunciated from the bencl
last Juiy at the trial of Jacob Harrii
for killing his wife’s lover, Thomas H.
Merritt, was reversed by the Fayette
county grand jury, which indicted Har
ris for murder in the first degree.
The crime was committed on the
night of July 0 in Gratz park. Harrii
had suspected his wife for some time
and on that evening followed her foui
hours. Bhe was in Merritt’s company.
Harris had borrowed a revolver from
a friend. He saw his wife and Merritt
sitting on a seat in the park, watchec
them caress each other, and getting
down on his knees crawled close up be
hind them. He was there nearly ai
hour, listened to their conversation, anc
finally rose up, pistol in hand, threaten
ing to kill them both.
Merritt ran and Harris emptied bit
revolver at him. Merritt fell dead about
50 yards from the bench on which he
had been sitting. Then Harris ran
back to slay his wife, but she had left
the park.
Harris was arrested. When his trial
was held a few days later he told hi!
story, which was corroborated by sev
eral witnesses. Judge Falconer de
clared Merritt had destroyed Harris
home, wrecked his life, and that whil'
“the crime was murder it was justifia
ble under a higher law than the crimi
nal code.”
This opinion from the bench created
much comment all over the country.
Harris and his wife made up some time
ago and are now living together. It
was generally believed the grand jury
would indict Harris, however. The
sympathy given Harris at the time ol
the tragedy seems to have been changed
into disapproval since he took the err
ing woman back to his home, and it is
now believed he will fare badly at the
hands of a trial jury.
M’COY TALKS OF HIS WIN.
Say. He Expected to Whip Creedon—Maj
Challenge a Heavyweight.
New York, Dec. 18.—In an interview
after his fight with Dan Oreeeaon,
“Kid” McCoy said: “I expected to win
and I was therefore not disappointed
I do not want to be considered egotisti
cal, when I say it, but I think the fact!
justify the statement that Creedon wai
outclassed from the start. His game
ness, however, surprised me. He fought
an uphill battle from tbe start and 1
want to give him credit for the couragt
he showed. —:
“As regards my future, I intend to
remain a pugilist as long as I can win
and there is money in the game. Now
that I am the middleweight champion
of the world I am ready to defend the
title against any man in my class. Some
day when I get heavier I expect to chal
lenge the heavyweights, for I aspire to
the heavyweight championship of the
world.”
Rev. Sidney Corbett Dead.
Philadelphia, Deo. 18.--Rev. Sidney
Corbett, formerly pastor of the Protest
ant Episcopal Church of the Transfig
uration, died suddenly at his home ol
heart dieease. He was born in west
ern Massachusetts and was 70 years old.
He went to the pastorate of St. Mark’s,
Minneapolis, in 1875, and in 1880 ac
cepted the call of St. Thomas’ church,
Battle Creek, Mich. Four years later
he was called to the church of the
Transfiguration and was active as pastor
until 188t>, when he resigned.
New York Rank Statemefit.
New York. Dec. 18.—The weekly
bank statement shows the following
changes: Surplus reserve, decrease, $3,-
161,375; loans, decrease, $1,046,000;
specie, increase, $881,100; legal tenders,
decrease, $4 ,Bt>3,loJ; oeposrts, decrease,
$5,278,500; circulation, decrease, $103.-
100. The banks now hold $15,726,u50
in excess of the requirements of the 25
per cent rule.
To Be Tried Fer Kidnaping.
Jefferson’Oity, Mo., Dec. 18.—Gov
ernor Stephens has honored the requisi
tion of Governor Black for the return to
New York of Albert S. Warner, in jail
at Kansas City. The assistant district
attorney of Albany, N. Y., left here at
noon for Kansas City with the neces
sary papers for the return of Warner
to New York for trial on the charge of
kidnaping.
Choynski to Meet McCoy T
San Franciago, Dec. 18.—As soon as
it was learned here that McCoy had
won the fight with Creedon, Eddie
Granry sent a telegram to Joe Ohoyn
ski asking him to challenge McCoy for
a contest ia this city, as -the National
Athletic club had offered a purse of
SIO,OOO.
German Troops For China.
Kiel, Dec. 18.—The North German
Lloyd steamer Darmstadt, having on
board half thO number of volunteers
bound for China and an immense
amount of war material, left here for
the far east. Tbe steamer Crefeldt will
follow in a fortnight with tbe rest of
the volunteers and more war material.
Mellen May He the Man.
Chicago, Dec. 18. —The Tribune says:
The opinion is gaining ground in rail
way and financial circles that neither
Edwin W. Winter nor Horace G. Burt
will be president of the Union Pacific.
The man now most prominently men
tioned for the position is G. S. Mellen,
president of the Northern Pacific.
A Receiver In Appointed.
Cleveland, Dec. 18—The insolvency
court has appointed E. K. Wilcox re
ceiver for the Berner-Mayer Oa, exten
sive manufacturers of he«r faucets,
with branch houses in London, New
York, Chicago and other cities. No
statement of assets and liabilities has
as yet been,filed.
Always prompt and reliable. Jwrid ZmetahoM.
Get Caton’s Tansy Pells and savb bbobbts.
MAY CLOSE DYEA OFFICE.
Treasury Department Hu Jmporisut
Question Under 'Consideration.
Washington, Dea 18.—The question
of the advisability of closing the sub
customs port at Dyea, Alaska, is now
before the treasury department. Sev
eral petitions by mail and telegraph
already have been received, some favoi
ing the proposition and others aguiust
it It is certain that a strong case
have to bo made before the department
would take the action recommended.
In any event it is not probable that
the department will pass upon theques
tion for some time yet. Secretary Gage
has received the following telegram
from Tacoma, Wash., signed “Tacoma
Citizens’ Klondike Committee:”
"On behalf of tens of thousands of
people of the United States and the
continent who have already signified
their intention of going to Alaska and
Klondike, we beg to suggest that for
the present no action be taken to
ward withdrawing customs subports in
Alaska, apd that tbe efforts be centered
upon inducing our government and that
of Canada to remove all duties on min
ers’ ordinary outfits, consisting of one
year’s supply and weighing one ton or
less.”
TO KEEP OUT.IMMIGRANTS.
Federation of Labor favors the Bill In
troduced by Senator Lodge.
Nashville,Dec. 18.—At the morning
session of the American Federation of
Labor,- the committee on president’s re
port recomeuded that the president is
sue an appeal to the unions of the coun
try for contributions to a fund for tha
aid of the striking engineers of Eng
land. It was advised that the Federa
tion appropriate SSOO for this purpose.
Concerning restriction of immigra
tion the committee recommended that
the convention “pronounce itself in fa
vor of a reasonable measure of restric
tion on the lines of the educational test
as contained in the Lodge bill that
failed of enactment at the last session
of congress. ”
The report was discussed at some
length. The roll was called and the
report of the committee was adopted.
A number of resolutions in regard to
boycotts was introduced, and the con
vention adjourned.
Killed Over a Cotton Bale.
Selma, Ala., Dec. 18.—At St. Clair,
Lowndes county, M. S. Mcßae, a well
known young planter, killed George
Thompson, a negro. The two men had
a controversy over a bale of cotton and
Thompson advanced on Mcßae with a
knife. Mcßae fired one shot, hoping to.
scare the negro, but he threw himself
on Mcßae and cut his overcoat in sev
eral places. Mcßue, breaking away,
emptied his pistol at the negro, killing
him instantly.
Ms W
170 EE CLOSED OUT AT ©HCEi |
$ «>CALZ- AT MY STORED
U/ .
id/ UW, j|j
w And see my line of Capes and Jackets and Feather Boas. I have \\j z/ 2?
w decided to close out this stock at one. Will put them on the market-J
--at prices never before heard of in this city. Come early and make |x\
w your selection.
i|! Mrs. J. F. WARDLAW. jj
U/ w
11/ 246 BROAD STREET
N3W FOR THE HOLIDAYS!
KAY & BROTHER
are prepared to furnish all the delicious beverages, and if yon need a first
class up-to-date pure whiskey or wine you can obtain it by calling at
No. 222 BROAD STREET ) <*>
No. 310 BROAD STREET f iLJCXiA- ■
They are ready to furnish the people from
town or country the highest and best grade of
Whiskeys, Brandies, Wines, Keg and Med Beer, Cigars.
Especial attention given to orders by mail. They can reach any
point by express, and orders will be promptly filled. Call cn or
send your orders to
KAY & BRO, Rome, Ga.
I fU/ S’-A
Fifty Yean Ago.
President Folk in the White House chail.
While in Lowell was Doctor Ayerj
Both were busy for human weal
One to govern and one to heal.
knd, as a president’s power of will
Sometimes depends on a liver-pill,
Mr. Polk took Ayer’s Pills I trow
For his liver, 50 years ago.
Ayer’s Cathartic Pills
were designed to supply a
model purgative to people who
had so long injured themselves
with griping medicines. Being
carefully prepared and their ih
gredients adjusted to the exact
necessities of the bowels and
liver, their popularity Was in
stantaneous. That this popu
larity has been maintained is
well marked in the medal
awarded these pills at the
World's Fair 1393.
50 Years of Cures.
Kentucky 1 Distil lev Fails.
Owensboro, Ky., Dec. 18.—R. Mon
arch, for himself, the Glenmore Dis
tilling company and the Eagle Dis
tilling company, has assigned to the
Columbia Finance and Trust company
of Louisville. The assets and liabilities
are estimated to reach about $750,000.
Kartiiquake In Italy.
Rome. Dec. 19.—Strong earthquake
shocks, lasting 12 seconds, were felt at
8:30 a. m., at Curta di Castello, prov
ince of Perugia, central Italy. The
walls of houses split, many chimneys
fell, the bells rang and a pauic prevailed
among the inhabitants.
Keed Gimm to Quaker City.
Washington. Dec. 18—Speaker Reed
will g|‘to Philadelphia during the hoii
d'ay recess and ueliver au address at the
celebration of the semicentennial of
Girard coliege.
JENKINS IS A CANDIDATE.
Speaker of the H<»a«e Wmti to Be Gov
ernor—<>i her Aspirant-*
Atlanta, Dec. 18 —Hon. H. Jenkins
of Putuam county, speaker of the house
of representatives, will positively be in
.tly race fu.- governor next year. Hj
has told his friends so, and a formal an
nouncement of his candidacy will be
made in a couple of weeks.
Attorney General Terrell states that
he wii) not make any formal announce
ment of his candidacy for governor be
fore the middle of January or possibly
Feb. 1. He is in without reservation,
however, and his aunouucement is
merely a matter of form. When he
makes his announcement it will be for
the purpose of promulgating his plat
form.
Oolonel Allen Chandler, secretary of
state, is also in the race to stay. He
Joes not attempt to deny the soft im
peachment and did his best to further
his interests among the members of the
legislature, who have returned to their
homes to weild more or less influence in
the coming contest.
Graves of Men " ho Wore Gray.
Tullahoma, Tenn., Dec. 18—In an
interview here. Governor Robert L
Taylor suggested that there should be
organized for the whole south a confed
erate cemetery association to raise funds
and supervise the care of confederate
cemeteries, many of which are reported
to be neglected. Governor Taylor sug
gests that a branch of the association
should be formed in each southern state
and that general headquarters for the
association be established at some city
centrally located. The plan will be pre
sented to the annual reunion of confed
erates at Atlanta next year.
Died With Her Husband.
Minneapolis, Dec. 18. A Grand
Forks, N. D., special to The. Journal
says it is definitely known that but two
persons, Mr. and Mrs. A. O. Howe,
were burned to death in the Hotel Da
kota fire. Mr. Howe was disabled by
rheumatism, and when friends urged
his wife to leave she said she would
“stay with Al.”
Mx-Treasurer Collins Free.
Jacksonville, Fla., Dec 18—O. B.
Oollins, ex-treasurer, has been acquitted
of the embezzlement of $52,000. The
defendant did not deny that he was
short that sum, but declared that there
was no iu..iit to defraud. Banks n
which he had deposited state funds
failed.
Kan Into an Open Switch.
Vail, la, Dec 18.—Tbe overland lim
ited on the Northwestern railway ran
into an open switch near here. Every
car was overturned, but, according to
the best intorma’ion now obtainable,
not a single passenger or trainman was
Seriously hurt.
Beautiful mantels, tile and grates
at Terhune Nixon Co