The Rome tribune. (Rome, Ga.) 1887-190?, December 19, 1897, Page 6, Image 6

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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