Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, April 23, 1909, Image 1

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Atlanta semi-weekly journal., April 23, 1909, Image 1

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Newspaper Page TextJ THE JOURNAL\ COVERS DIXIE -* LIKE THE DEW r- VOL. VIII ROOSEVELT SHUTS i TRIP TO INTERIOR OF SOUTH AFRICA Wis Entertained at Dimer in Mombasa Tuesday Night at VvhichHe Was the Princi pal Speaker of the Occasion. WELCOME FROM KING READ TO ROOSEVELT BY ACTING GOVERNOR Roosevelt Left Mombasa Wednesday Afternoon and Will Make His First Stop at Ranch of Sir Alfred Pease. (By AMoeiated Frees.) MOMBASA. April St-Theodore Roose velt and the members of hi* party left here on a special train at 2:» o'clock this afternoon for Kapitt Plains station, whence they will be conveyed to the ranch of Sir Alfred Pea* for their Sr st shot! ng trip. The party is accompanied by F. J. Jackson, acting governor of the protectorate. Before leaving Mr. Roosevelt • tele graphed to King Edward, thanking him for the message of greeting read by Mr. 1 Jackson at the dinner given in Mr. Roose velt's hpnor at the Mombasa club last night. \ A guard of honor composed of marines and blue Jackets from the Pandora was at the railroad station when the Roose velt party arrived and was inspected by- Mr. Roosevelt. Many Flag* Waving A number, of official* and civilian* also were present and the station building was decorated with flags. Mr. Roosevelt spent the morning at government house, where he was tha guest last night of Mr. Jackson. Kermit Roosevelt. J. Alden Loring, Edmund Heller and Major M earns spent their time up to the leaving of the train, in driving about the city. From Mombasa Mr. Roosevelt dispatch ed a cablegram to the emperor of Ger many, saying: •'I desire to express my of my treatment on board the German steamer Admiral, under Captain Doherr, tnd my admiration of the astounding en ergy and growth of the mercantile and rokmiai interests of Germany in east Af rica.” Mr. Roosevelt, his son. Kermit, Edmund Heller, F. C. Selous and R. F. Cunning ham. the general manager of the expedi tion, were entertained at dinnr last night by the members of the Mombasa club.* Welcome from the King The acting governor of the protectorate, F. J. Jackson, in proposing the health of Mr. Roosevelt, read the following tel egram from King Edward: “I bid you a hearty welcome to British East Africa, and I trust that you will have a pleasant time and meet with eve ry success.'' Continuing. Mr. Jackson ssid Mr. Roosevelt had left the "big stick" at home and after seven strenuous years as pres ident at the United States, had come out to Africa to make use of the rifle. In conclusion he promised the distinguished visitor an immense variety of game and good sport. When Mr. Roosevelt rose to reply he was enthusiastically greeted with full | Highland musical honors. He began with j a tribute to the British people for their i energy and genius in civilising the undv- | ilixed places of the earth. Pays Tribute to Africa He said he was surprised at what he had heard of the progress of British East Africa but he warned his hearers that they could not expect to achieve in a short time what it had taken America twenty generations to accomplish. He t then emphasised the necessity of leaving local questions to be solved by the au thorities on the spot and commented up on the fact that the people at home know little of affairs abroad. In this connection he instanced the United States and the Philippine Islands. Continuing. Mr. Roosevelt expressed his great pleasure at the welcome given him vesterday by the British cruiser Pandora, whose rails and masts were manned by cheering sailors when the Admiral came into the harbor. He said he believed In peace but considered the strength meant peace, and he hoped that all the j great nations would provide themselves with this means to the end. Talks of His Plans In conclusion Mr. Roosevelt referred briefly to his future plans and gave some of his first impressions of the country. Mr. Roosevelt wa* followed by Mr. Se lous, who expressed the hope that Mr. Roosevelt would in the future use the power of his position to bring about an entente between Great Britain and Ger many. J. Aide Loring and Major Meams did not come ashore from the Admiral yes terday before the heavy rains. Tbey dis embarked this morning. Is Well Equipped The first American president to crown his official career with a trip so full of thrills, has everything from .406 caliber express guns, carrying 300 grains of cor dite. to a dosen tooth brushes. Much of the outfitting was done in Eng land. where F. C. Selous, a big game hunter, picked and packed the things the ex-president's party will need. The Eng lish do more lion and elephant hunting than do Americans, and there are London firms which make a specialty of the African trkde. The party, though not scattering money recklessly, is not stinted for cash. The expedition is backed by the funds of the Smithsonian institution, and Colonel Roosevelt's not small private fortune. So Selous was told to go as far as he liked. London hunters figure that the trip will cost between $25.0W and S3O. OW for eight trontas. Selous didn't say what nis bill wv* for the supplies. Ineluding provisions it will probably surpass SIO,OOO. English canned goods, the great main stay of African hunters, forms a big part of the provisions. By Roosevelt’s request, two American delicacies were added—Bos ton baked beans and tomatoes. Village of Servants In making up the list, Selous figured on a whole village of helpers in addition to the ex-president's companions, a head Continued on Page Three. Atlanta Simtwl HAS PATTEN QUIT GRAIN PIT DEALS TO BULLJOTTON? Wheat Tumbles More Than Eight Cents Below High Water Mark When Chicago Pool Controlled Situation* REPORT SAYS PATTEN IS TRYING TO CORNER WORLD’S COTTON CROP Patten is Now On Way to Colorado To Escape Newspaper Notoriety, He Says—Wall Street Surprised at Deals Accredited to Patten. (By AMocisted Frees) CHICAGO. April 22.—Has the bull cam paign in wheat, so far as the public la concerned, been abandoned? Has the bull leader, James A. Fatten, 1 now reported on his Way to visit the ranch of a friend in CoMrado, chanted his views? • These and other questions unthought of a week ago, were rife on the board of trade today when the slump in wheat continued, prices reaching a point 8 to • 8 1-2 cents below the record price of last week when Mr. Patten declared wheat was worth Intrinsically every cent being paid for its What Patten Claimed Just a week ago today May wheat here sold at sl.2s 1-1 and July at sl.lß 7-8. Re peatedly asked if he had a corner in the two deliveries, Mr. Patten emphatically denied that he had, asserting amidst the quotations of crop statistics and pros pects that actual users of wheat were responsible for the high price, and that the cereal was worth all that was be ing paid for it. “Even were I entirely out of the mar ket. prices would be as high or higher than they are,” said the bull leader. Since then the market has been declin ing tn away which the ordinary follow ers of Mr. Pattent have been unable to explain. Today instead of the recovery expected after the six cents decline of Tuesday and Wednesday, the market opened extremely nervous and weak. May sold at $1.21 1-8 early, 8 ?-8c under yes terday’s close, and 8 l-8c below the high price last week. July, in which the bulk of the trading has been done recently, de clined to sl.lO 8-8. 8 1-MM 5-8 c below yes terday's close, snd 8 1-tc under the record price last Friday. Bears Are Jubilant At these prlceaAbe but showed no evidence of recuperative power. Bears Jubilantly pressed their advantage, pointing to the weak foreign markets, as indicative of the correctness of the bear view that there is no worldwide shortage of wheat. Stop loss sales were numerous. Armour, who in a recent Interview upheld Mr. Patten's bullish survey of conditions and whose house was credited with buying yesterday, was rumored to be selling the Liverpool market. In the Bartlett-Patten offices is was stated that there was no reason to change any statement previously made by Mr. Patten. The break In prices was charae- Ised as a flurry. The lost round, it was said, would be regained without any manipulation. Timid holders. It was de clared, were unloading, frightened at the ' decline, or because their resources were I insufficient to maintain them in the mar | ket. Not Manipulating Market It was this class of traders mainly who expressed curiosity as to Mr. Patten's present views. Despite his assertion that he is not manipulating the market, they expected that he would prevent any such slump as the present one. Among Mr. Patten's allies and inti l mates, however. the word ‘wait" was spoken optimistically, although some of them said: "It looked funny the way the market acted.” The elght-cent decline has made a big hole in paper profits, although to what extent no one can say as no one knows the extent of the long lines held or at what price purchased. Also there have been heavy actual losses among traders whose resources have given out and their trades closed. A further tremendous drive at the so ealeld wheat corner today to May trad i ers spelled the end of the big bull mar* ket. July, near the close, touched $1,09 5-8, and May $1.21. May closed at this figure, on djuly only fractionally above it. Trying to Corner Cotton? After having made millions in his wheat speculations, it became apparent today that James A. Patten, not satis fied with the title of “wheat king,” had also entered the speculative cotton ring. It is Indicated that Patteq, in connec tion with George Patten, Herbert Ry croft, Frank P. Fraser and W. H. Bart lett, all of whom are well known cotton dealers of New York, have purchased upwards of 100,000 bales each for future I delivery and since the purchase have i made more than a million dollars. While James A. Patten, who has been ‘| the Inspiring leader of the bull move- ’ ment, was reported on his way to a ranch in Colorado leaving the market to • work out its own destiny, prominent j houses are said to have sold an aggre- ’ i gate of 7,000,000 bushels of wheat during ! I the day. Millions of Dollars Lost • t : Stop-loss orders poured Into the pit In i such abundance that brokers seldom were » able to exscute the orders within 3-4 cents of the price aimed at. r The week's decline of nine cents has j wiped out millions of dollars of profits, • not all of it paper. It is not difficult 1 this afternoon to read the loss of fortunes > on the faces of customers who were long . on wheat. Many of them who had, at I the top, handsme profits, but waited for t still more, were bitter. I Justly or unjustly, much blame was i placed on Mr. Patten for apparently leav ing the market to Itself before the bull - campaign had reached a safer stage, t “NONE OF Y’OUR BUSINESS,” FATTEN TELLS REPORTERS (By Associated Press.) TRINIDAD. Col., April 22.—James A, Patten, Chicago's "wheat king,” who 1 was reported yesterday to have desert- > ed the battle tn the wheat pit to In -1 spect for hltßfelf the wheat situation , it ■ ■■„.■ I ■. ■ Continued on page Three ATLANTA. GEORGIA. FRIDAY, APRIL 23, l&M. YOUNG TURKS GIVE TWENTY-FOURHOURS FORSULTAN’S REPLY Time of Expiration of Ultima tum Has Been Extended so That "Sick Man of the East” Can Answer. CITY OF CONSTANTINOPLE IS PRACTICALLY SEIZED BY CONSTITUTIONAL ARMY History is Being Made Rapidly in the Gapifal of Turkey Where Abdul Hamid is Making His Last Feeble Stand. CONSTANTINOPLE, April 22. The sal tan of Turkey and the chiefs of the con stitutional party have reached an agree ment under the terms of which his maj esty remains as sovereign of the empire, but with powers somewhat more restrict ed than before the palace conspiracy of April 11. Negotiations were proceeding this morning between Nazim Pasha, the commander of the first ar my corps, which garrisons Constanti nople, and the commanding general of th*' army of Investment, on the following points: “The disbandment of five thousand time-expired men in the Constantinople garrison and the replacement of the re mainder of the garrison by Salonlki troops; the punishment of soldiers ac cording to the degree of their guilt in the revolutionary movement of last week and the transfer of the policing of Con stantinople to the reformed Macedonian gendarmerie, all of these conditions to be executed with care and moderation in order to prevent bloodshed. The invest ment of Constantinople by the constitu tionalists is practically complete. Con tingents of the third army corps have been sent to points In Asia Minor, notably EskJ-Shehr, a station on the Anatolian railroad, to intercept fugitives and cut off communication with the capital on this side. No agreement had been reached be tween the members of the committee of Union and Progress and the authorities within the city regarding the sultan up to two o’clock this afternon. The gov ernment may go on with the sultan at its head, as before the revolt of April 13, for an indefinite period. The cabinet again is in session today. -ULTIMATUM TO SULTAN -x TWBNTY-F9UR HOURS LONDON, Xpfil 22.—A" Salonikl dispatclt to the Times qays that Mahmoud Schef ket will leave for the front tonight. The government has accepted most of his changes, and has been given another 24 hours in which to agree to the remainder. Hadi Pasha remains at Salonikl in com mand of the third army corps, while Cha lik Bey will act as pi'esident of the fi nancial commission during General Schef ket's absence. The central committee of Union and Progres has issued a statement, denying that recent events are due to the strug gle between the committee and the Liberal Union, or that the committee is med itating vengeance against the union or any of its members. The statement also generally denies the reports attributing selfish interests and motives to the com mittee. To the contrary, it declares that no authority can be exercised save that of the army, whose honor has been deeply wounded by those who corrupted the sol diers for nefarious ends. RED WAVE OF CARNAGE SWEEPS WHOLESALE DEATH CONSTANTINOPLE, April 22.-The sit uation in Asiatic Turkey, according to the latest intelligence received here, is dis tinctly threatening. The wave of fanat icism which originated at Adana some ten days ago and found its expression in the killing of Christians, apparently is spreading generally through the eastern provinces. Upward of 10,000 Armenians were massacred in Syrian towns and vil lages, principally In the vilayet of Adana, during the outbursts of fanatical zeal, that took place at the time of the spring festival in honor of Mohammedans upon the receipt of news of the overturn of the “heretical" government at Constanti nople. One embassy places the estimates of killed as high as fifteen thousand. The government has sent urgent com mands to the vali of Adana that the mobs must be put down, and the leaders harsh ly dealt with. The attacks on the Armen ians appear to have been instigated sole ly by the reactionaries. A dispatch re ceived from Meriena, dated yesterday, says the Armenian town of Hadjtn in the northern part of the Adana vilayet Is beleaguered by Moslem tribesmen, who are only awaiting sufficient numerical strength to rush the Improvised defenses erected by the Armenians. The Armenians, however, are well arm ed and will put up a vigorous defense. Up to the present time two persons have been killed at Hadjlm. British, French and German vessels of war have arrived at Mersina. WOMEN AND CHILDREN ARE SHOWN NO MERCY ALEPPO, April 22.—The massacres are being carried out with the greatest violence. Neither women nor children are spared. The motto of the Moslem Is "No twig of the accursed race shall be suffered to live.” The Armenians, recognizing that the massacres have been organized and car ried out by adherents of the old Turkish regime, are looking to the Young Turks I for future protection. POPULATION MASSACRED; WHOLE VILLAGE IN FLAMES ALEPPO, Asiatic Turkey, Tuesday, April 20.—The entire population of Kiri kan, located between here and Alexan dretta, even to the last babe, has been massacred. The French mission at Ekbas is besieged by fanatical Moslems. The | Armenian village of Deurtyul is sur | rounded, and according to a messenger who crawled through the Arab lines at night and made his way here for help, the situation there is hopeless. The buildings on the edge of town already were in flames when he escaped. . TEN THOUSAND DEAD IN MASSACRE AT ADANA CONSTANTINOPLE, April 22.—Accord ing to advices received here today from Asiatic Turkey, 10,000 Armenians have been massacred at Adana and in the vi cinity of that city. / IN V^ME A " r / JM > _ ' Vof x —-7 n ■ THE SITUATION. EVIDENCE JUSTIFIED COOPERSJERUICT? * (By Associated Pross.) NASHVILLE, Tann., April 22.—The sec qu4 day of arguments In .the motion tor I a new trial for Duncan B. and Robin J._ Cooper, convicted of the murder of for mer United States Senator E. W. Car mack and sentenced to serve’2o years on prison, began today. Captain Fitzhugh, for the state, was the first speaker. “The defense,” he said, “have assigned 47 reasons for a new trial. If they had found one good reason for a new trial they never would have given these 47 va rieties. We are not going to review the case in detail. We feel that the evidence abundantly justifies the verdict. Self Defense Claimed “The defense seems to depend upon three points. First, that Robin Cooper shot in self-defense, and therefore was not guilty; secondly, that D. B. Cooper did not fire a shot, and his guilt or inno cence depends upon Robin’s guilt or inno cence; thirdly, that the court failed to set out this hypothesis in its charge. Now we maintain that the evidence shows that Colonel Cooper crossed the street deliber ately for the purpose of bringing on a difficulty which would serve as an ex cuse for murdering Senator Carmack. Therefore, Robin went along aa. a party to the affair. Robin knew his father’s intentions, for he knew of the threats, he knew his father was armed and he knew all this so well that he went out and armed himself with the most deadly weapon yet invented. No Protction Needed? “He says he went over with his father to protect him. Why, if his father was going on a peaceful mission, as they both say he was, did Robin have to go along to protect the father? Under our law, this means that Robin went along to share with his father in the responsibility of whatever happened.” “But there is a new feature inter jected now, which did not appear in tjie case when on trial. Robin, they say now, acted in his own defense, self-de fense. But on the stand, your honor, Robin swore that he was out in the street, when Carmack drew his gun and pointed it at his father, Du-tan B. Coop er. He swore himself he was out of dan ger and that he ran into the danger zone to protect his father. How in the name of justice then, can he plead self-defense when no one was bothering hijn? Crux of the Case "This shows plainly, your honor, that the crux of the case is Colonel Duncan B. Cooper’s intention. He simply took Robin along and Robin is bound by his father’s intent and acts.” Captain Fitzhugh next quoted authori ties at length to sustain his contention. Colonel Cooper was not In court this morning. Judge Anderson saying that he was suffering from headache. Robin was present, accompanied as usual, by his sis ter, Mrs. Burch. Robin’s Own Testimony “We will take Robin’s own testimnoy again," said Fitzhugh. "He says ’I went along to intervene and protect papa if I could.’ “There is the story. Robin went along with his father at his peril, if his father were the aggressor, and he cannot plead self-defense if his father cannot. Now, no one believes for a moment that Col onel Cooper could plead self-defense, therefore. Robin cannot avail himself of that defense.” “I do not intend to Retain the coart longer. These men were convicted by a Jury of their own selection, after a fair and impartial trial and the only criticism which can be passed upon the verdict is that it is too lenient and should have been murder in the first degree.” Judge Anderson Replies Judge Anderson replied to Captain Fitz hugh. discussing solely the defense’s of jeetion to ttye court’s instructions to the jury. “It 14 not that we object to what the judge did say,” he argued, "but we think the court should have gone fur ther and shown what is meant by aggres sion. We hold that no matter what Col onel Cooper did. Robin was not an ag gressor. he was a peace-maker and fur ther that Colonel Cooper had a right to WILL BLOW UP NIAGARA ICE GORGE WITH DYNAMITE A-«cci't«d Pre««.> | LEWISTON, N. Y., April 22.—Assist ant Superintendent of Public Works Ken zie, of Rochester, and Charles A. Tuttle, an expert in explosives, have arrived here end are now on their way to Youngs toWn. A ton of dynaipite reached Youngstown during the night by wagon from Buffalo. Just as soon as the officials reach Youngstown the work of dynamiting the ice jam will be begun. ICE JAM TWELVE MILES LONG, SIXTY' FEET DEEP CBy Axsociated Ptmi.l LEWISTON, N. Y., April 22.—A slight change for the better has come in the critical condition which for several days has threatened the towns along the Ni agara river. The force of the river cur rent. crowded with loose lumps of ice, evidently has ground out a smooth sub way for itself beneath the main mass of the floe, for the waters in the cellars rose only five inches during the night and receded an equal distance in the early dawn. The ice plowing the upper banks, up- LEEHER ARRAIGNED ON MURIO CHARGE Charles Leeher was arraigned before Judge Roan and a jury in the superior court, criminal division, on Thursday, charged wtih the murder of Mrs. John Witties, who was mysteriously attacked and robbed in her home at 44 Bell sreet on the night of March 15, and died four days later at Grady hospital. The evidence introduced at the morn ing session showed little connection be* tween Leeher and the crime. Teenie Wit ties, young daughter of Mr. and Mrs. Witties, on whom the state depended most, said that she didn’t know whether or not leeher resembled the man who attacked her father and mother with a scantling. She was awakened by a noise in the room, where she and her parents slept. Then she saw a man, with a rag on his head and a mask on the lower part of his face, drop a scantling and run, escap ing through a window. She knew that he was a white man. but couldn’t say wheth er he resembled Leeher. At the coroner's inquest she said Leeher looked like the man. The scantling was introduced. It was about five feet long, and had blood on one end. John Wlttles, husband of Mrs. Witties, who was also attacked, swore that Leeher had been employed by him for six days. He stayed at his house nine days, then left and went to work with M. Schuman. The last time Leeher was at his house was eight weeks before the attack. Wit ties said he met Leeher on the street on the day of the attack, and talked pleas antly wtih him. He said he had never had any quar i rel with Leeher, and the latter had never I borrowed mony of him, nor made threats. I His wife, he said, had S6O sewed in her night gown. This amount disappeared af ter the attack. Wlttles gave the impression that his relations with Leeher were perfectly friendly. Dr. J. S. Hurt testified as to seeing the body of Mrs. Wlttles at the inquest. Dr. |J. N. Barfield, house surgeon at Grady hospital, attended Mrs. Wlttles. He said she was never conscious, and that he had to trephine her skull. He considered that the blow from the scantling produced death. Wlttles testified through an interpreter. Napier, Wright & Cox represent Leeher. Thev are assisted by Sam Boorstein and J. M. Wood. BLIND SENATOR BANQUETS’ SPEAKER NEW YORK. April 22.—Thomas P. Gore, the blind senator from Oklahoma, spoke last night at a banquet of the Unity club in Brooklyn. rooting huge trees and smashing docks and boat houses, is still poised on Its lofty level, but the middle line of the surface of the floe apparently has drop ped a few feet. .The jam is of appalling proportions. It is 12 miles in length and |n HiWny; piques 60 feet in depth, and represents millions of tons and a strength powerful enough to annihilate the four villages along its border if it should start to go out all at once. Another element of terror is its pestilential nature. Mingled with the slushy ice and cast high on the banks is a week's sewage from all the cities along the Niagara frontier. The plan of Henry A. Kunzle. superin tendent of public works, and Charles A. Tutele, an expert on high explosives, is first to blow off the head of the Ice pack now projecting into Lake Ontario, by an enormous charge of dynamite. Other sec tions will then be successively separa ted from the whole and allowed to drift out into the lake. Three wagon loads of dynamite were sent from Buffalo last night for this purpose and are now safe in Youngstown at the mouth of the river. DAUGHTERS READY ID CAST BALLOTS (By Aaaociatsd frets.) WASHINGTON, April 22.—Even before the nominations were made today, the rival candidates for president-general of the Daughters of the American Revolu tion felt that it was all over but the shouting. The campaign has been con ducted with a vigor never before Wit nessed in the history of the organisa tion. A. beautiful, clear spring day made it possible for the candidates to bring out their full strength, so that when the con gress was called to order the great au ditorium was packed to the doors. The galleries, which are set apart for daugh ters, who are not delegates, were filled early in the day. Candidates Very Busy Mrs. Scott, the so-called administration candidate, and Mrs. Story, who has been termed the “insurgent” or anti-adminis tration candidate, tor president-general, were on the ground early and their lieu tenants, actively at work to the last minute, kept them advised of the situa tion. Second only In Interest to the election of a president-general Is the contest for vice president-general in charge of organiza tion of chapters. Mrs. Amos J. Draper is the running mate of Mrs. Scott, while Mrs. Miranda B. Tulloch has cast her fortunes with Mrs. Story. Cheers for Favorites A minute or two before the congress was called to order Mrs. Story appeared in the hall and her followers on the floor and many in the galleries greeted her with loud applause. For the first time during the congress the women cheered. While this ovation was at its height Mrs. Scott entered one of the upper boxes. Im mediately her adherents cheered wildly. Mrs. Scott stood up and vaved her hand in acknowledgment. As Mrs. John C. Amos, the new vice regent of Illinois, stepped to the platform and placed in nomination Mrs. Matthew T. Scott, of her state, for president gen eral. a mighty roar went up which lasted several minutes. Mrs. Charles H. Mas ury, state regent of Massachusetts, placed Mrs. William Cummin Story in nomina tion. Pandemonium reigned. It was man fest that the occupants of the galleries were largely Story sympathizers. The Balloting Begins Nominating speeches for the other can didates for office then were made and the balloting began.-, . At 2:30 the daughters proceeded in a body to the white house, where they were received by President and Mrs. Taft af ter they returned to Continental hall and continued balloting. The counting of the ballots is a considerable task and the re sult may not be announced before late to night or tomorrow morning. S3OO In gold absolutely free to suo scribers for the - Journal. See page 8. HOKE SMITH BIFFS HARRIMANINHIS AMERICUSSPEEGH Chief Executive Declares Prop osition of Railway Magnate Is Striking Example of How Foreign Capital Could In jure State. “TO WHAT LAW DOES HE OBJECT 1” SAYS GOVERNOR; PROPERTY STILL HIS “We Desire Investment of Foreign Capital," Says Governor, “But Wo Especially Welcome It When Own- | ers Come With It to Live.” (Special Dispatch to The Journal.) AMERICUS, Oa., April 21.—Governor Hoke Smith spoke before the Americus I board of trade Wednesday night. His speech was received with great applause. Speech of Governor Hoke Smith beforjl'J| the Americus Board of Trade, to be de livered Wednesday night. Governor Smith’s Speech Governor Smith said in part: "Georgians are proud of their state. They long to see it grow materially, and reach a position in point of wealth equal to the most favored of states. “We would have the wealth aceumulat ed not in the hands of a few, but dlsfrl- '; bated so that all of our peoplk might enjoy the best of advantages for them- I selves, and for their children. “No section offers greater opportunity 4 for industry and thrift, and in many re spects there are advantages in Georgia found nowhere else. “I will not stop to describe them further than to say that in agriculture Georgia leads. Our mineral resources are great, ; our water powers excel those found in any other state east of the Mississippi. The opportunities for diversified agricul ture and diversified manufacturing will stand comparison with any state in the union. Must Rely on Ourselves “For the development of these resourcee J we must rely chiefly upon the IntelH fence, the Industry and economy of our people. “WE INVITE AND DESIRE THE IN VESTMENT OF FOREIGN CAPITAL. In no state is it more fully protected, but we should * especially welcome it when the - owners come with It. to live among us. a and to reinvest in the state the profit* they make. “Nothing is so sure to draw foreign capital for permanent investment aa the knowledge that transportation rates are reasonable, and that transportation facili- ; ties are adequate. "The most noted example of the effect of low transportation rates is found in the state and city of New York. The Erie canal affords reasonable transport sHon through New York state to the city of New York, and cheap transportation more than anything else helped to make New / York city the metropolis and New York state the Empire state of the Union. “We desire the investment of foreign capital in Georgia, but it must not take from the state excessive rates of inter- ‘ est. Tn that event it would impoverish rather than enrich the state. Harriman’s Proposition “A striking Illustration of how foreign the recent proposition of Mr. Harriman. I He has stated that perhaps he wjll put $10,000,000 of improvements upon the Cen tral of Georgia railroad, if the people of Georgia will be good, and repeal som« of the legislation of the last two years. “The Harriman interests own the stock of the Central of Georgia railroad. Dur ing the year of the panic this company made a net profit of over $2,400,000 on its Georgia lines. The net profits of this road were 5 per cent on $50,000,000. It will make much more in normal times. “Money in New York city is worth from three and one-half to four per cent. Goed hundred thousand dollars a year would soon pay for the $10,000,000 Mr. Harriman talks about investing in Georgia. “Does anybody doubt for a moment that the het profits of this road would Increase more than that much if the $10,000,000 were spent upon it? “To What Law Does He Object?” “The property will still belong to him and his associates, the Improvements as well as the original property. To what legislation does he refer when he demands a repeal by the people of the state? "Does he wish to tear the railroad com mission bill to pieces, and to reduce ths number of the commissioners? It has been suggested that the expenses of the rail road commission were increased two years ago, and that the increased expense should be stopped. “The railroad commission costs about $35,000 a year. The railroads of Georgia - collect from the people of the state $40,- 000,000 a year. Benefit Is Worth the' Cost "What is an expenditure of $35,000 an nually for the expense of a commission charged with the duty of watching the rights of the people who deal with the railroad companies, compared to mon ey which the people spend Thirty-five thousand dollars to give the public full value for $40,000,000 they pay oilt. “Instead of reducing the expense of the commission it should be increased. The salary of each commissioner should be made sufficient to require his entire time, and money should be appropriated to make it possible for the commission effi ciently to conduct every investigation and discharge every duty which the law places upon it. ■. “The recent act has greatly increased the duties of the commission. Street car companies, telegraph and telephone com panies. gas, electric light and power companies and all public service compa nies are now so be supervised and rege lated by the commission. “The commission snouid not be crip pled. Its work should increase in impor tance. There is much it can do to lighten public burdens, without injustice to the companies subject to its supervision. Would He Raise Pas'enger Rates? “Does Mr. Harriman mean that we must abandon the reduction in passenger rates made In the fall of 190"? By the reduction the people of Georgia are sav ing a million dollars a year. Mr. Harri man will get from his $10,000,0(0.00 a fair interest if he should Invest that money in the Central. If we abandon our reduc tion of passenger rates to meet his wishes ' Continued from Page Three ' NO. 68.