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-A*- S.' VOLUME XIII. ATLANTA. GA.„ FRIDAY, DECEMBER 26, 1913. NO. 27. SUITE EXPECTED TO 1 REGIONAL BIX Every Institution Will Follow Lead of Those in Atlanta and Enter Federal Reserve System, It Is Believed Cupid Wary YEGGS SEIZE GUN. In Atlanta TRis Year THE DAY AFTER XMAS —BY WEBSTER Fearing Increased License Cost and Agitation for More Stringent Divorce Laws Is Given as the Cause It was accepted as a fact generally Wednesday morning in Atlanta that every national bank in the state of Georgia, of which there are 114* will fall in line with ttye national banks of Atlanta, enter the federal reserve sys tem under the new' banking law r and sub scribe to their pro rata part of the cap ital stock of the regional bank. Thi3 means the national banks in Georgia will take, in all, 51,403,070 in regional bank stock, or over 33 1-3 per cent of the minimum capital fixed by the ad ministration, currency legislation. It was obviously impossible to ascer tain definitely how many of the state banking institutions would avail them selves of the privileges offered by the currency bill for them to accept Its provisions and subscribe to the capital stock of a regional bank. It was be lieved, however, that many leading state banking houses would accept gladly the opportunity, and, in this event, the financial institutions of Georgia, state and national, may sub scribe upwards of $3,000,000 to the cap ital of a regional bank. The action of the Atlanta dealing house banks, in anticipating the final passage of the currency bill, by voicing their unanimous confidence in the measure, coupled with the decision of the Atlanta national banks to enter the federal reserve system and take stock in a regional bank, had a tre mendous effect throughout the stte. CONFIDENCE IS REFLECTED. Their confidence thus expressed was reflected generally .in reports' received Wednesday from all sections of Georgia with reference to the passage of tbe j. legislation and its approval by Presi- | dent Wilson.; It is believed the Atlanta clearing ; house banks were perhaps the first In the United States to formally indorse the currency legislation. The failure of their indorsement, with the sub scription of the national banks to re gional bank stock, to first reach the treasury department was due to un- aboidable telegraphic delay between At- j lanta and Washington. As it was, the j resolutions of the clearing house banks were among the first to reach Secreta ry McAdoo. The directors and stockholders of the national .banks of Atlanta, as soon as formal notice is received from the treas ury department, will formally ratify the action to which their representatives committed them at Tuesday’s meeting of the Clearing House association. The stockholders, on the recommendation of the directorates of the several national banks, will authorize formally each in stitution to enter the federal reserve as sociation, and this action will automat ically pledge each bank to subscribe its prorata part to the capital stock of a regional bank. Under the terffrs of the bill, each member bank of the federal reserve association must subscribe 6 per cent of its capital and surplus to re gional bank stock. As, was shown in The Journal Tuesday, in the case of the national banks of Atlanta, this sub scription will amount to $516,000. SUBSCRIBE 6 PER CENT. The totatl capital and surplus of the national banks in Atlanta amounts to $S,600,000, and the capital and surplus of the national banks in the state, ex clusive of Atlanta, $14,792,345, so the national banks outside Atlanta wkill take $887,550.70 of stock in the regional reserve bank. The latest available data concerning the state banks in Georgia, of date of November 26, 1912, shows their capital and surplus to bey$36,002,755.67. If all of them should decide to enter the fed eral reserve system, each bank would subsoribe 6 per cent of its capital and surplus to the capital of a regional in stitution, or a total of $2,160,165.34. Each state bank will decide for itself whether it will or will not enter, the federal reserve system. Under the terms of the act, it is not compulsory that any of them shall enter the sys tem. The law, however, contains ample provision to .take care of them, and holds out what its framers believe to be a sound, fair and equitable means by which they may share the benefits and opportunities of the measurt. It does not require that they shall yield their state charters and nationalize, but it does provide that, if they accept its pro visions they shall hold themselves sub ject to the same regulations, require ments, examinations, etc., as now relate to national banks. Cupid hasn't been*on the job as con sistently in Atlanta this year as lost, according to the records In the ordi nary’s office which show a uo- crease in marriage returns. The explanation of the clerks about the office is simple. They call atten tion to the fact that the price of mar riage licenses was increased at the be ginning of 1913 from $1.75 to $2.26. One widower, in fact, who called at the ordinary’s office some months ago, at first asked for a license, but posi tively refused to take it when he was told the price was $2.25. He told the astonished clerk that he was married once for $1.75 and that he wouldn’t pay extra for the second wife. The number of marriages has de creased, believes Ordinary John R. Wil kinson, because of the agitation to make more stringent the divorce laws and also because of the publicity giver to the remarkable number of divorces sougnt and obtained in the county dur ing the present year. “This agitation, showing the great number of unhappily married people,” the ordinary says, “has had a tenden cy to make young people stop and think. They realize that marriage is not a cer tain happiness. That is the only cause I can see for the dcrease in the num ber of marriages.” The records show that up to this time last year there werey 1,808 mar riages performed in this county, while during 1913 there have been only 1,699, or a difference of 109 marriages, de spite the increase in the population of the county. The records show only the marriages among white people, as no count of the negro marriages has been made. They, too, will probably show decrease, according to clerks in the or dinary’s office. Marshal Oliver, of East Point, j Is Attacked by Three Men He Had Arrested for Blow ing Safe REBELS TAKE TORREON; ■ HEIW LOSS OF LIFE (By Associated Press.) JUAREZ, Mexico, Dec. 25.—After heavy fighting at Torreon, the rebels have retaken that city from the federals, according to reports brought by cour iers to day rrom Jlralnez, nairway De- tween Chihuahua and Torreon. The reports said that 12,000 men had been engaged, there was much loss of life, and that General Monclovlo Herra, the rebel commander, had -been wound- j Government Troop Train Dynamited by the Rebels MEXICO CITY, Dec. 25.—Unaware of the presence of northern rebels at a point so far south, a train carrying a detachment of government trops on a tour of exploration ran over a rebel dynamite mine near Charces and was practically destroyed. A majority of the federals who escaped death in the explosion were killed afterwards by the rebels. Charces, which is inow occupied by the rebels, is just north of San Luis Poto- si, and is the farthest point south to which the northern rebels have ad vanced; $5,000,000 New Gold Will Find It's Way Into Banks' Stockings (By Associated Pres®.) V\ ASH1NGTON, Dec. 25.—’More than *5,000,000 worth of bright new gold and silver pieces of 1913 mintage, most of which will find its ways into Christ mas stockings tomorrow morning, has been distributed by the treasurv this month to banks throughout the coun try. But there is one 1913 coin which no one will receive. It is the 50-cent piece. None were minted this year be cause the supply on hand is ample to take care of all calls for that de nomination. In this connection atteen- tion was called by treasury* officials to tiie fact that the 50-cent piece is losing in popularity and for the same reason as the *2 bill, namely because of er rors in changing as compared with the quarter or the *1 bill. It is believed that in time the 50- cent piece may go out altogether, as did 2 and 3-cent pieces and *3 gold coins. Beginning about December 1 and last ing until almost Christmas day, there has been a constant call on the treasury this year for new money which banks and merchants' all over the country want for their patrons, so that the treasury, sub-treasuries ana mints are dralnd of the current year's money, that finds its way back soon after New Year, because half of the money coined during the year is rushed into circula tion uj the month preceding Christmas. JACOB ESTRUP DEAD; DENMARK POLITICIAN (By Associated Press.) COPENHAGEN, Dec. 25.—Jacob Broennum Scavenius Estrup, for many years the leading politician of Denmark djed here today. For nineteen years— from 1875 to 1894—he was premier and finance minister in the Danish cabinet. Estrup, together with the king of Denmark, defied parliament for many years, when it demanded that the mon arch should choose the ministers of state from among the representatives of the people. On many occasions Es trup dissolved the chambers when they refused to pass his budgets and the finances of Denmark were kept in order by means of provisional laws. During practically the whole of his term of office the majority in parlia ment was against him. GOTHAM FIRE FLEET WILL HAVE WIRELESS (By Associated Press.)- NEW YORK, Dec. 25.—Control of the fire department’s fleet of eleven ves sels by wireless is the latest extension of the fire alarm system of New York City, according to announcement by Fire Commissioner Johnson. The first boat James Ruane, first of the fleet to be equipped with the appa ratus, yesterday responded to orders from headquarters to respond to an alarm and while proceeding at full speed' she got another order to return to her station. In less than two min utes a reply was received that the ves sel was putting about. Arrested as suspects a short time alter they are said to have blown the safe at the Atlanta and W r est Point depot at East Point, and while, it is believed, they were preparing to com plete the looting of the suburban town by blowing the safe of the bank and the postoffice, three daring yeggs escaped late Tuesday night from Deputy Marshal T. M. Oliver, * of East Point. Oliver found three suspicious looking characters lurking in the darkness in the railroad yards about a quarter of a mile from the depot late at night. He did not then know that the depot safe had been blown by a charge of nitro glycerin, but when the men could give no satisfactory reason for their pres ence in the vicinity he placed them under arrest. With one of the suspects at his side and the other two walking in front of him, Oliver started for the city jail. OFFICER' IS SEIZED. They had walked about a hundred yards, when, with one accord, the two yeggs who were walking in front, turned • quickly and seized the officer’s hands, while the man beside smashed him over the head, according to the re port. The suddenness of the attack took the officer completely by surprise, and In a few seconds the yeggs had wrested his revolver from him. They all then fled, making no attempt to further injure the deputy. Oliver, shouting lustily for assistance, gave chase to the yeggs, despite the fact that he was unarmed, but they soon out distanced him. SAFE IS BLASTED. On returning to the depot he found that the safe had been demolished by the explosion of a charge of nitroglyce rine. Books and papers were scattered around the tiny depot office, and the cash drawer of the safe had been rifled of all the money it contained—$12. Johnson, searching In the vicinity of the spot, where he first saw the sus picious looking characters, found two bottles of nitroglycerine, or “soup,” which had been tossed away by the men at his approach. His own and the investigations of other officers developed circumstances which make the East Point officials pos itive that the men when surprised were preparing to blow the safe of the bank and the postoffice. Entrances to both places and evidently been tampered with during the night, according to the re port, which reached police headquar ters. The East Point officers, are confident that the men would have com pleted two mofe “jobs” during the night if the officer had not chanced to interrupt them. The men disappeared in the direction of Atlanta, and the city detective de partment has been furnished with a gobd description of the three men by Deputy Oliver. The blowing of the depot safe and subsequent escape from the marshal or the three men has caused great excite ment in East Point. ! y 'STRAM6-B hoohh has OFFER-EDTa HELP ME The Dishes today. OUST bEFORlr XMAS THEY V^ouLDTiT LET ME COME MBAS*. ■DISMRAN " 1 LIST OF CITIES PTY( ARCTIC WIRELESS SENDS OUT FIRST CALL FOR AIR “S. 0, S,” Signal Tells That Norwegian Bark Had Gone Ashore TRADE STIMULATION IS URGED BY COMMERCE (By Associated Press.) WASHINGTON, Dec. 25.—By the overwhelming vote of 624 to 3 constit uent members of the chamber of com merce of the United States in* a refer endum indorsed in* the main tne plans of Secretary Redfield, of the depart ment of commerce for more direct stim ulation of commerce through the bureau of foreign and domestic commerce in his department. Secretary Redfield has asked con gress for $759,630 for use during the coming year, about half of which will be expended on the work of commer cial attaches and commercial' agents of the United States in foreign coun tries. Another referendum of the chamber of commerce to establish a bureau of bureaus of legislative reference and bill drafting in Washington to over come difficulties experienced by con gressmen in the preparation of bills, is still being held. TELEQRAPH OPERATOR IS KILLED IN MAN’S HOME (By Associated Press.) SYRACUSE, N. Y., Dec. 25.—Frank Kenyon, a railroad telegraph operator, was shot and killed at Amboy early to day in the home of Albert Webster, a young business man. The sheriff is searching for Webster, who is charged with the killing. According to members of Webster’s family, they were awakened before daybreak by the sound of a pistol shot In their parlor. They rushed down stairs and found Kenyon had broken in the front door and taken possession of the parlor. As Webster entered the room Kenyon took a shot at him, but missed. Webster, who had armed him self, returned the shot, killing the tel egrapher instantly. No reason for Kenyon’s intrusion is given. LONDON, Dec. 25.—The first wire less call for help ever received from the arctic circle is told about in the York shire Observer today. “Bergen is working ‘S. O. S.’ Wait and listen,” the paper states, was the message which went the round of Eu rope’s wireless stations at 1 o’clock Tuesday morning. All did as requested, and the fact was then established that the Norwegian steamship Saervald Jarl had gone ashore on the Lefeden Islands, 600 miles, north of Bergen, Norway. This is double the working distance of the ship and to enable Bergen to communicate, all stations were asked to close down so that the faint signals might be read. No more definite news of the accident is yet to hand. Stefansson Explorers Send Valuable Exhibit OTTAWA, Dec. 25.—Besides reporting the safety of the scientists and mem bers of the crews of the Alaska and Mary Sachs, two of the vessels of the Stefansson exploring expedition, Dr. R. M. Anderson, chief anthropologist, sent word to the government today that he had forwarded to the director of the Canadian geological survey some valua ble specimens of birds and mammals which be collected in the arctic. The other scientists are also sending reports of their work to the survey. The party is wintering at Collinson Point,*fifty miles from Flaxman island, in the arctic circle. In describing the trip north from Nome, Dr. Anderson says that the Alas ka, the vessel of which he was com mander, left there on July 19 and put into Teller five days later tp be over hauled. Rougfh weather was experienced on the trip and the first ice pack after leaving Teller was met at Point Belcher on August 19. Flaxman island was passed on September 6 and on that day i they saw the masts of a schooner a few [miles distant. This schooner was found j to be the Mary Sachs with Kenneth i Chapman, a geologist. In. charge, i The two vessels reached Collinson I Point on September 27. It was then de cided not to go further until the spring. ! On the shore was a large log hut built j by a fur trader about two years ago. ; The hut promised, to make ideal winter ! quarters. University Diplomas For 12 Who Left Books For Confederate Army (Special Dispatch to The Journal.) ATHENS, Ga., Dec. 25.—•Those stu dents of the University of Georgia who counted service In the Confederate army daerer than college honors wljen the can came for volunteers in thk Civil war, were sent as Christmas gifts to day the diplomas they missed by enlist ing. Although many of the university stu dents left college to enter the armyy the addresses of only twelve are known to the trustees, and to these diplomas have been mailed. They are: James Norwood Belcher, class of 1864, Calhoun Falls, S. C. James Dudley Thomas, class of 1963, Rome, Ga. Henry Hlllyer, class of 1865, Atlanta, Georgia. George Baber Atkisson, class of 1861, Maxeys, Ga. John Hampden Belcher, class of 1861, Benton, La. William Marcus Middlebrooks, class of 1862, Atlanta, Ga. John Waring Weed, qjass of 1864, ew York City. Edwin Gardner Weed, class of 1865, Jacksonville, Fla. John Irvine Stoddard, class of 1864, Tacoma Park, Wash. Matthew Pierce Briscoe, class of 1863, Athens, Ga. Gideon Dowse Harris, class of 1884, Columbus, Miss. Edwin Leigh Wight, class of 1865, Smyrna, Ga. “Third Reader” Finds Its Way Into Prison (By Associated Press.) HUNTINGTON, W. Va., Dec. 25.—A school within a prison is conducted in the Cabell county jail, where every day C. V. Fitch, a veteran school teacher of eastern Kentucky and a prisoner himself, instructs a class of twenty mountaineers, all serving terms for “moonshining,” in the fundamentals of school work. Already the rought mountaineers have progressed asfar as the “third reader.” The majority of the class could neither read nor write when they began their terms. WAYCROSS REALTY BOOM Assurance of Prosperity Prompts Syndicate to Grab Property to Improve (Special Dispatch to The Journal.) WAYCROSS, Ga., Dec. 25.—As quick as news that President Wilson had signed the currency bill reached Way- cross last night, realty deals whereby a Georgia syndicate secured possession of approximately 15,000 acres, most of which is located in the Waycross dis trict, were closed and plans started for the expenditure of not less than $250,000 for developments. The syndicate proposes to erect mod ern houses on tracts ranging from 40 to 200 acres and place the cleared tracts on the market for colonies, a number of which have been listed for settlement as soon as the houses are ready for occu pancy. A Waycross concern handled the deal and it is reported that another proposition calling for 30,000 acres, mostly in southeast Georgia, will be closed for Chicago 'capitalists. BOLL WEEVIL OUTLOOK DECLARED GLOOMY WASHINGTON, Dec. 25.—General Thomas C. Catchings, of Vicksburg, Miss., formerly a member of the house of representatives, who Is here, takes a rather gloomy view of the cotton boll weevil situation in the south, particu larly in Mississippi. It looks, he de clares, as if the states in which cotton is one of. the principal products, would never get rid of the pest. “In Mississippi,” General Catchings says, “we have suffered this year more than others from the ravages of the insect, with the result that we shall not have as good a crop of cotton as we did last year. The weather has been particularly good for the boll weevil.” MORE NAVY CHAPLAINS URGED BY PENNSY MAN GIDEONS TO PUT BIBLES IN . HOTELS OF ROME WASHINGTON, Dec. 25—An increase I of the corps of chaplains in the navy to not less than one for every 1,000 ; men is proposed in a bill introduced in | the house by Representative Farr, of I Pennsylvania. ROME, Ga., Dec. 25.—Arrangements to place Bibles in each of the guest rooms of the Cherokee, Third avenue and Porter hotels have been completed by the Rome Camp of Gideons. After this is done, the Gideons will extend their efforts to Cave Spring, Adairs- ville, Kingston and Calhoun. “Our Peace Organized, Our Prosperity Stable”—Wilson T)RESIDENT WILSON, signing the currency bill, said: 1 “What we are proceeding to do now is to organize our peaefe, is to make our prosperity not only stable, but free to have an unim peded momentutn.... I feel that we can say that it is the first of a series of constructive measures by which the Democratic party will show that it knows how to serve the country.’’ One of Financial Institutions to Be Established Under New Currency Law May Be Located Here (By Associated Press. ) WASHINGTON, Dec. 25.—With all the power of a law fresh from the pen of President Willson behind them. Sec retary McAdoo and Secretary Houston , today began working out details o* the nation's new tlnancial system. They will . determine the Important preliminary moves to the actual mstaUatlon of the machinery that Is to operate the federal resenve system. Although the law provides the two secretaries shall Join the comptroller > 3 of the currency in the preliminary work of co-organlzatum, the office of comp troller is vacant and It has been deckl ed the two secretaries constlttulng a majority of the committee may go ahead. Hater the members of the fed eral reserve board of seven will be named by President Wilson. The sec retary of the treasury and the new comptroller will be members of that body and the other five will be chosen from private life, 'J he first step to be taken by the sec retaries will be the section of cities where federal reserve banks, the back bone of the sytsem, aro to be located. The law provides for not less than eight and not more than twelve. The organ 1- aation committee Is empowered to em ploy counsel and summon witnesses and papers, to go deeply In the location of reserve reservoirs. Its decision is not subject to re- view, except by the federal reserve board. it is possible that berore the ques tion of cities is decided the organization \ committee will visit cities suggested 1 and base Its report on Information ganed at llrst hand. Cities that scarcely can be kept oft a tentative list Include New York, Chi cago, st. Louts, San Francisco and New Orleans, with Denver, Atlanta and Seat- tie or Portland, Ore., near the top Phil- adelphla, Baltimore, Washington,” .Bos ton and several others are asking for designation. -wag tor -no().T LANTA BANKS approve. While President Wilson was speaking after he had signed the Glass-Owe n cur- , r ® n °y bB1 laBt night, a telegfam was re- celved from Colonel Robert J. Lowry of the Atlanta Clearing House associa tion, saying the >new regional - bank, system had been approved and that‘ f every bank In Atlanta would become a member. The telegram from Colonel Lowry was one of dozens pouring into the teraeury department from banks eager to join the new system. The president signed the currency bill at 6:01 o’clock Tuesday night in the presence of his cabinet, the congres sional committees on banking and cur rency and other Democratic loaders In congress. Edward T. Brown, of Atlanta, who L a guest at the White House, was 5“®° P rese nt at the ceremony, as was WUHam J. Harris, director of the cer ‘“ s ; ® arll * r ln th * day they occupied seats in the president's row In the sen ate gallery, and saw the currency re- port finally, adopted by the upper house With a few strokes of the pen the president converted Into law the meas ure to be known as the federal re serve act, reorganizing the nation's banking and currency system and fur nishing, ln the words of the president, "the machinery for free and elastic and uncontrolled credits, put at the dispos al of the merchants and manufacturers * of this country for the first time ln fif ty years.” APPLAUSE FOLLOWS SIGNING. Enthusiastic applause ran through the ceremony not only as the presi- dent affixed his signature, but as he delivered an extemporaneous speech characterizing the desire of the admin- tratlon to take common counsel with the business men of the country and the latter’s efforts \to meet the govern ment’s advances as “the constitution of peace.” ’ _ The event came at the close of a day of rejoicing in the national capi tal, for congress had recessed for two weeks for the first time since It con- • vened last April. The Democratic lead ers were Jubilant because they had completed two big pieces of legislation —the tariff and the currency reform— ln nine months, a performance which they considered unprecedented In the history of the country. "I need not tell you," said the presi dent to the assembled group as he took up his pen. “that I feel deep gratifica tion at being able to sign this bill, and I feel I ought to express heartily the admiration I have for the men who have made It possible for me to sign this bill. There have been currents and countercurrents, but the stream has moved forward. I think we owe special admiration to the patience and the lead ership and the skill and the force of the chairmen of the two committees, and be hind them have stood the committees themselves, exercising a degree of scrutiny and of careful thought ln this matter which undoubtedly has re dounded to the benefit of the bill Itself. Sees Playmate Skate Through FI ole in Ice and Says Nothing About it (By Associated Press.) AUBURN, Mass., Dec. 25.—'When six- year-old Edwin Harris saw h%s playmate, Ernest White, eight years old, skate through a hole in the ice on Partridge pond and disappear he went horn# and said nothing of the accident. The White boy’s father learned, after an all-night search, that the lads had been seen to gether. He called at the Harris home early today and Edwin was awakened. “We went skating,” the child explain ed. “and Ernest fell through a hole. I looked for him, but I couldn’t see him. so I came home.” Flood Refugees Saved (By Associated Press.) WASHINGTON, Dec. 25.—Twenty-five refugees have been rescued from flood regions In the Brazos river district In Texas by the revenue cutter Window The ship already has distributed three tons of food and la continuing the work.