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it THE: ATLANTA ^L,. ATLANTA,, GGA-, Tuesday, December 23, 1913. LIKELY TO GO OUT OF CURRENCY BILL Glass’ Speech Foreshadows Struggle Over Reserve Re quirements - He Predicts "Saturnalia of Inflation” (Special Dispatch to The Journal.) WASHINGTON, D. C. Dec. 22.— The currency bill is in the hands of the conference committee of the sen ate and house tonight. A report is ex pected Monday. There were many evidences of sharp conflict over certa in features qf the bill. The principal fight in conference will be over the elimination of the senate amendment insuring banK depos its. It is believed that this will go out of the bill. A struggle over the question of re serve requirements was foreshadowed in a speech in the house this afternoon by Representative Carter Glass, in which he declared that the reserve re quirement in the bill as it passed the senate, including both credits and cash, were less rigid than the cash require ments under existing law and he pre dicted that if they remained in the Dili a “saturnalia of inflation” would in evitably follow. But the fundamental features of the administration plan will remain in the bill. It is possible that the comptroller of the currency may be restored as an ejfl-officio member of the reserve board. The Glass bill, as it passed the house, made the secretary of the treasury, the secretary of agriculture and the comp troller of the currency ex-officio men- bers. The senate retained^ only the sec retary of the treasury. It is under stood that the president is insistent that the comptroller of the currency be put back, but he is not so insistent as to the secretary of agriculture. HOKE SMITH S FIGHT. Senator Hoke Smith was primarily responsible for the action of the senate caucus in modifying the tax require ments on the emergency notes to be issued under the Aldrich-Vreeland act. The Democratic caucus agreed to extend the life of the act until July 1, 1916. But it modified the excessive rates of taxes on the issues under the bill so that the initial tax will be 3 per cent, instead of 5 per cent., incvreasing at the ratio of one-half of 1 per cent, for each month the emergency notes are in circulation. The effect of this reduction of this tax and the substitution of a progres sive scale of taxation up to a maximum of *6 per cent will result in a lower rate of taxation or six months’ paper than would be imposed under the existing law. The heavy initial tax has been al most prohibitive. Senator Smith ex plained to his Democratic colleague that the provision's would probably en able the banks to meet any possible contraction arising in the transition pe riod while reserves are being shifted from the present system to conform to the new. Senator Smith also made a strong fight for gold redemption for an increase in the percentage of reserve to be held against reserve notes, and to eliminate the words “or lawful money” from the redemption fund clause. As the bill was finally passed from the senate it provides practically for gold redemption. Notes must be redeemed, in gold when presented to me treasury department, and may be redeemed in gold or lawful money at the^option of the holder when presented to the re gional banks. Senator Smith contended in the caucus for a gold reserve of not less than 40 per cent against reserve notes and when an effort was made to lower this per centage and to depart from the gold redemption feature he served notice on his colleagues that he would carry the fight to the floor of the senate if nec essary. He won. FEATURES OF NEW SYSTEM. i The principal features of the new system likely to remain in the bill as it passes into law are the following: Authorizes a regional reserve associ ation of at least eight regional banks which may be increased to twelve by the federal reserve board, in its discre tion. Regional banks to be selected by an organization committee. Entire system to be under control of the federal reserve board in Washing ton, composed of seven members, the secretary of the treasury to be one, ex-officio, and the six others to be ap pointed by the president. All national banks in the United States must signify their intention in writing to come into the federal re serve association within sixty days or they may not thereafter act as reserve agents. Unless they come in ^within a year, they shall cease to be national banks. State banks may enter reserve asso ciation. by submitting to federal in spection. Capital of regional reserve banks to be 6 per cent of capital and surplus of all national banks, which affords aggregate subscribed capital of $106,000,000, ex clusive of state banks that may become members. Subscriptions to stock of reserve asso ciations opened first to banks and then to public. SIX PER CENT DIVIDEND. Dividend on the stock of the regional banks. 6 per cent annually. Advantages claimed for system, an expansive or elastic currency facilitated through ready mobilization of reserves. Provides gradual retirement of na tional bank notes and substitution of treasury gold notes. Authorizes issue by government to member banks of reserve notes against collateral, approved by federal reserve board, redeemable at treasury in gold or gold certificates and at the regional banks in gold or lawful money at elec tion of the holder. Against not uses a gold reserve of 40 per cent is required in the treasury department, with tax iVnposed upon de pletion. Regional reserve banks to be man aged each by board of nine directors, three chosen by federal reserve board, three to be bankers and three taken from other pursuits, the last six to be elected by'the members’ banks. Member banks thus control these di rectorates. Aldrich-Vreeland emergency currency act extended until July, 1915. Tax light ened upon emergency currency issued under that act. CUBAN WOMEN START MOVE TO GET BALLOT NEW YORK, Dec. 22.—Cuban women want to vote and are organizing, ac cording to a letter received here by Mrs. Raymond Brown, president of the New York State Suffrage association, who is asked to lend her name to the move ment by becoming honorary president. “We have raised the banner of suf frage here, with the name ‘Partido Popular Femninista,’ with ideas of equality in the relation of the sexes, and with peaceful intentions and legal proceedure,” the missive recites. PART OF TAMPICO WATERFRONT; NEUTRAL ZONE IN BATTLE OF DECEMBER 14 HUERTA 11 LAST FOR SEVERAL MONTHS 1ET Sard to Be Planning to Con fiscate Property of Rich Rebel Sympathizers (By Associated Press.) MEXICO CITY, Dec. 22.- -National unlikely to commit the tactical error of moving on San Luis Potosl and’ leaving the largest mobilized government forces in their rear at Monterey. The same military authorities do not believe that a successful attack on Monterey would be a simple task. Reports that President Huerta has al most no ammuition left in the city is officially denied and the denial is cred ited by most people, it being pointed out that one of General Huerta’s chief objects has been to look after the pro tection of his own seat of government. LIKING SITUATION. The banking situation continued bad today, state bank bills still being re jected. except in limited amounts at the Central bank. The run on the Banic MAYTORENA, Sonora, Dec. 22. De- , of London and Mexico, though slightly poverishment, and an increasing organ | lzation among scores of rebel bands I have reduced the provisional govern-; | ment to what appears to be a desperate diminished, continued throughout the day. The committee of bankers, which has been attempting to solve the financial * When the battle between the Mexican factions began Sunday, December 14, at Tampico, Admiral Fletcher, in charge of the United States warships which had been hurried to the scene from Vera Cruz, declared a part of the waterfront neutral, so the foreigners wro feared the attack on the city by the constitutionalists would endanger them would be safe. Americans—those who had not been taken aboard the battleships—and other foreigners, thronged the beach till the constitutionalists were driven out. Florida Has First Business Airship Line in the W'orld (Special Dispatch to The Journal.) ST. PETERSBURG, Fla., Dec. 22.— The world’s first commercial line of aeroplanes or similar craft will be es tablished in St. Petersburg on New Year’s day. All arrangements for the St. Petersburg to Tampa air boat line have been completed and two machines are being shipped here, one from Paducah, Ky., where Tony Janos, head aviator of the Benoist Aircraft com pany, of St. Louis, has been making ex hibition flights for two weeks, and the other fro mthe factory in St. Louis. Not only will a commercial line of air boats be established here, but located in this city as winter headquarters. All ar rangements were perfected today and the city has given the use of one of the breakwaters at the Yacht basin for grounds, and has appropriated $500 for the construction of two hangars, which will house the craft. A regular passenger carrying schedule will, be maintained from this city to Tampa, which is across the bay, twenty- two miles. The trip will be made, it is said, in eighteen to twenty minutes. The machines will be capable of carry ing four passengers besides the aviator, and will each make two trips a day until business necessitates a new schedule. This will be the first line of its kind established for commercial purpose alone. Several passenger lines were con ducted for periods varying from one to three weeks last summer in the north, but they were merely for exhibition purposes. The line is promoted by lodal business men and the Benoist company of St. Louis, who believe that it will be pop ular and a money-making proposition. SAVANNAH LIQUOR MEN SAY THEY WON’T GIVE IN Men of U. S. Warships Praised for Conduct On European Cruise (By Associated Press.) WASHINGTON, v Dec. 22.—The story of the remarkably good behavior of the men of the United States battleship fleet while on its recent cruise in Eu ropean waters is being told by Rear Admiral Charles Johnston Badger, U. S. N., commander of the fleet, who is here to spend the Christmas holidays with his family. According to the ad miral, of the 9,000 men granted shore leave while on the sightseeing cruise, only two men are still unaccounted for. Even these two, he says, may prove not to have been deserters and valid expla nation of their absence may be forth coming. Such a record, it is declared, is unprecedented. Admiral Badger testified to the good behavior of the men, saying no report was made to him of any serious mis conduct on their part. “The success of the cruise is un questioned,” said Admiral Badger. “For eign newspapers, without exception, tes tified to the good behavior of the sail ors, and they made most of their oppor tunity to ‘see the world.’ ” (Special Dispatch to The Journal.) SAVANNAH, Ga., Dec. 22.—The liquor interests of Savannah do not propose to quietly surrender the right to sell liquor because of a movement on the part of a number of Savannah men looking to the securing of injunctions against them. This has become evi dent even before the injunctions have been drawn up. The evidence against a large number of saloon keepers was secured a night or so ago when the members of the committee having the fight in charge volunteered to go out and buy the whisky needed to make the cases complete. The saloon men say they are prepared for the contest and they are ready to meet the anti-saloon crowd at any time, was thought by some that the war rants would be sworn out and the in junctions secured yesterday but this was not done. Mr. W. B. Stubbs, who is leading the fight of the prohibitionists will probably be ready early next week to take definite action. BIBB CITIZENS PREPARE FOR BOLL WEEVIL FIGHT (By Associated Press.) MACON, Ga., ,Dec. 22.—At a mass meeting of citizens of Macon and Bibb county here -yesterday afternoon an or ganization was perfected to prepare for arid fight off the invasion of the boll wtevy. The organization is under the wing of the Georgia chamber of commerce and will have headquarters in this city. According to President C. J. Haden, of rhe Georgia chamber of commerce, an educational campaign is being planned throughout the cotton-growing section of south and middle Georgia. Farm ers will be taught the necessity of di version of crops. The campaign is to be carried into every school house, church and home In the state. A good sized sum of money for the campaign was raised at the meeting yesterday afternoon/ By Monday it is expected that $3,500 will be on hand to start the work. DALTON PREACHER TAKES LEAMNI 0 POLITICS (Special Dispatch to The Journal.) DALTON. Ga., Dec. 22.—Declaring that after “having served you as a min ister of the gospel,” he now has “a de sire to represent you at the capitol," Rev. J. M. Cash has. issued a formal statement to the voters, of Whitfield county, telling of his entry into the race for representative from Whitfield county to fill the unexpired term of S. E. Berry, deceased. Mr. Cash makes the fourth aspirant for the office to be voted on January 9, the other candidates being G. G. Glenn, A. T. Gilbert and H. D. Keith. Mr. Cash has been an itinerant preacher for years. FAVORS "FINGER PRINTING” ALL AUTOMOBILE DRIVERS (By Associated Press.) NEW YORK, Dec. 20.—Coroner's fig ures show the number of deaths in this city caused by automobiles has risen from 37 in 1907 to 177 for eleven months of 1913. Secretary of State Mitchell May. who has made a study of these figures, declares that while the increasing number of automobiles in partly responsible for the increase in accidents, pedestrians are also largely to blame. He favors a more rigid ex amination of persons licensed to drive motor cars and recommends the creation of special bureaus for the prevention of street accidents. It is also suggested that all automobile drivers be "finger printed." MILLEN AND SYLVANIA MAY GET P0ST0FFICES (Special Dispatch to The Journal.) WASHINGTON, D. C., Dec. 22.—Rep resentative Edwards today introduced a bill for a public building and site at Millen, a,nd also one at Sylvania. Each bill asks the sun^ of $75,000 for these sites and buildings. Mr. Edwards has procured a site pur chased at Statesboro, and an authoriza tion for a building was granted in the last bill that passed congress. He has also procured an authorization for a site at Waynesboro, Ga., where a site will be selected and purchased at an early date by the government. Mr. Edwards says that it is his pur pose to see to it that every good and progressive town of the First district is given a public building. NEW REGISTRATION LAWS ARE MADE FOR EAT0NT0N (Special Dispatch to The Journal.) EATONTON, Ga., Dec. 22.—Eatonton’s city council at its last meeting Thurs day night pased an act requiring regis tration for voters in all city elections: the new law i s aimed especially at purging local elections of floating voters, as well as the ignorant voters sometimes corraled on such occasions who will cast their ballot for even a good automobile or even hack ride to and from the polls. A six months’ residence is required for voters and the new law is modeled after the new state law providing for permanent registration when once reg istered, unles disfranchised under the state laws as a voter. NORTH CAROLINIANS GET BIG FEDERAL JOBS (B3 r Associated Press.) WASHINGTON. Dec. 22.—President Wilson today made the following nomi nations: Francis D. Winston, United States at torney for eastern North Carolina. W. T. Dortch, United States marshal for eastern North Carolina. ~ < Charles A. Webb, United States mar shal for western North Carolina. TRACHOMA THREATENS TO WIPE OUT INDIAN RACE WASHINGTON, D. C., Dec. 22.— Trachoma menaces the Indians and tu berculosis threatens to wipe out the race, according to a report to the sen ate today by the joint congressional In dian committee, which recommended im mediate establishment of camp hospitals for tuberculosis on the reservations. Yuletide Songs to Be Sung on Streets by Barnesville Children (Special Dispatch to The Journal.) BARNESVILLE, Ga., Dec. 22.—All the Sunday schools of the city will get together Christmas eve and parade all the streets and byways of the com munity, singing Christmas carols and distributing gifts for the poor and needy. The suggestion has met with enthusiastic indorsement and it will doubtless be an inspiring event. The occasion will also be used for the purpose of securing donations from the people of the city for the Associated Charities for the purpose of providing funds for meeting such needs as may arise within the winter months, when there is more or less.demand for aid of this kind. TOO MUCH SLOW PAPER CAUSES BANK TO CLOSE (By Associated Press.) PITTSBURG, Dec. /22.—A national bank examiner took charge of the First National bank of Elizabeth, at Eliza beth, Pa., today oh instructions from the treasury department. The bank’s direc tors had requested such action. It was stated at the bank that it had too much slow paper to make further operation advisable. WANTS POLYGAMY BARRED BY THE CONSTITUTION WASHINGTON", Dec. 22.—A constitu tional amendment prohibiting polyg amy was proposed, today by Senator W eeks, of Massachusetts, at the re quest, he said, of many citizens of his state who believed polygamy existed. The judiciary comih'tttee will give a hearing. - «*• Oil Painting Bought By Cincinnati Woman For Sum of $400,000 (By Associated Press.) NEW YORK, Dec. 22.—A Titian with a noble history as one of the finest of the master’s paintings, has been bought by Mrs. Thomas J. Emory, of Cincin nati, from Sir Hugh Lane, the famous British collector. The price paid is given as $40.0,000. The painting is a portrait of the young son of Charles V., of Spain, aft erwards Philip II. Titian kept the orig inal until his death. It was for a time in the Padua palace collection and later found its way to Munich and then to London, so that, although it was paint ed in 1550, it has had only four owners. SAFE AT SALISBURY, N. C., IS BLOWN BY YEGGMEN SALISBURY, N. C., Dec. 22.—Yegg- men last night blew open the safe in Connor’s store at Terrel, Catawba coun ty, thirty miles from here, and secured about $500. The postoffice is located in the same building, and part of the money belonked to the government. Telephone lines were cut in order to head off an alarm and rugs were hung at the windows in order to deaden the sound of the explosion. A wrench was used to twist off a handle to make a hole for inserting the nitroglycerin. situation, but conservative residents of > "T”* t ha* " J *Znl*L* Z the federal caoital profess to see in the 1 sltuatlon > has not > et succeeded in go- the lederai capital profess to see m tne , beyond the point of making sugges- recent military operations and in the .. ^ ,, . , .. ® ^ , continuation of Provisional President i °" s ; a, . th ° u * h it is believed General 1 Huerta, in the end, will issue a decree forcing the acceptance of rhe state bank notes, thus enlarging the volume of me dium of exchange in the business world. Huerta Dealt Blow By Guaymas Exodus MAYTORENA, Sonora, Bee, 22.—De serters from the federal garrison at Guaymas, a few miles south of the in surgent camp here, were arriving to day. Their number, it was expected, would aggregate 500. Already eleven officers have surren dered. Among them was Major B. Figueora, commander of cavalry, and a member of the staff of General Pedro Ojeda, federal chief at Guaymas. The enlisted men arrived suffering from want of water, and food. It was said many cf them had not reached the constitutionalist lines and were wan dering from ranch to ranch or lost in the mountains. European Bankers Help Huerta Out of the Hole PARIS, Dc. 22.—The underwriting by an international group of bankers of a loan to the Mexican government sufficient to meet the bond interest payments falling due in January was ar ranged today through the Banque de Paris et des Pals Bas. The group is composed of Paris, Lon don and New York bankers and in cludes Spevers. of New York. The Paris banks will not advance more thfin their proportionate share of the amount underwritten by the group. The negotiations were conduc ted here, hut the amount of the loan and the terms on which it is to be ad* vanced were not disclosed. Huerta to secure money, even though in driblets, evidence that the government may not fall for many months unless some unexpected turn for the worse occurs. This was pay day for government em ployes, and in almost all departments there was little delay in meeting the pay rolls. That the government may not be able to float another loan is con ceded by Mexicans generally, but none has lost sight of the fact that the coun try is rich and that General Huerta, as a last resort, would not hesitate to take money where he can find it. BIG RAID LIKELx. Already a drastic measure has been discussed by the cabinet—that of the confiscation of the property of all in dividuals w r ho are known to have ar rayed themselves against the Huerta government. The measure has not yet received the full approval of the minis ters, but if adopted it will prove a rich resource. Collections that fall little short of being forced loans have been made in cities outside the capital and Provisional President Huerta’s new or der for the establishment of a militia at the expense of the business men gen erally in the various states }s in line with his policy to draw directly from the country the revenue necessary for carrying on the war. REBELS CONFIDENT. Rebel sympathizers here insist that , Tampico will be easy prey for the rebels on the next attack, but that after cap turing the port they may be expected to do one of two things—either advance to the center of the country and attack San Luis Potosi, or return northward and fight for the possession of Monterey. Military men believe the rebels are WIRE NOT FOR MEXICANS, BUT TO STOP COW TICKS WASHINGTON, Dec. ?2.—Senator Ashurst told the senate today that his bill for a barbed wire fence along the Mexican boundary was not designed to stop incursions of rebels into American territory but to keep out Mexican cat tle infected with -ticks. **A Perfect Woman Nobly Planned uy l To Warn, to Comfort ana Command” Nature never intended woman to be delicate, ailing, or a sufferer from “nerves." Women in middle age complain of “hot flashes.” Many women suffer needlessly from girlhood to womanhood, and from moth erhood to middle life, with backache, or headache, dizziness, faintness, or bearing-down sensations. For a permanent relief from these distressing symptoms nothing is so good as DR. 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