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THE PAULDING NEW ERA.
VOLUME X.
DALLAS. GEORGIA, FRIDAY. MARCH 25, 1892.
NUMBER 18.
NO
CURE
RAY
ON RECEIPT OF 00 CENTO
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SUCCESSFUL I
In tho Uso of CURA-
we Alone <
for all D1
■ III MS 1\ —
who huvo weak orUH.
DEVELOPED, or diaeM*
organa, who arc suffer
ins fromtmtoncoFYQj
and any Ex
isterestlnf Ports Gathered From Hare
tod There Oitr the State.
Tho Sunday laws in Homo mo very
strict and rigidly enforced. Tho only
thing obtainable there on Sunday in ii
temporal way, ia (hat which goes to kocr
•oul and body together.
Judge Boynton callod tho case In
Spalding euprrior court of tho atato
against Will W. Nunnnlly Thursday at
10 o'clock, but, contrary to expectation
and Mr. Nunnally'a desire, the caao was
continued.
The railroad commisdon of Georgia
has passed orders requiring the Central
and Savannah and Western railroads to
erect a suitable new depot at Amorims
by October, and to lubinit blue print
the plan within thirty days.
Tho Floyd county democratic cxeru
tivo coimnitteo nut at tho court house in
Homo Thursday morning and select o I
delegates to the state democratic conven
tions, in Atlanta Wedn-sd iy, May 18th,
and Wednesday, August 10.
Many pcoplo think that Judge Speer
will make tho appointment of n tempo
rarv receiver for the Central »>criimn« nt,
and there is a great deal of speculation
as to who it will be. It is said that Mr.
Harrow, representing tho Terminal com
pany, desires Colonel II.oul to l> e pci-ina-
neut receiver, while Mr. Jackson thinks
Genoral Alexander would bo tho choice of
tlio stockholders. There are a number of
other names mentioned.
One prominent farmer in Georgia
walked into Governor Nor then’s office in
Atlanta a few days ago and said: “Put
me down for two carloads of tlno agri
cultural exhibits for the Georgia display.”
Anolher offers to add to the Georgia
mineral display, s lying ho has about live
hundred dollars' worth of pure gold
nuggets ho found on his land, livery
day it becomes more and more apparent
that Georgians are determined to bo icp
resented at Chicago.
Tho latest pioco of Georgia political
gossip at Washington is to the effect that
the third party will put out a candidate
for governor and for congress in ivory
district in the state. As fur ns tho slati
has been formulated, it is that Mr. Wat
son will bo tho candidate for governor;
Colonol Peck will bo a candidate for con
gress in the fifth district against Colonel
Livingston, and thnt Mr. Ellington, of
McDuffie, will bo tho third party candi
date for congress from the tenth district.
Tho annual mooting of tho stockhold
ers of the Entcrpriao factory at Augusta
was held a few uays ngo. President Vor-
dcry submitted his annual irpoit, which
showed tho company to bo solid The
c ompany made 20 per cent on its entire
capital stock last year. In other word
#101,000 on $.500,000 capital. Of that
amount 14 per eont waa made on tho in
debtedness of tho company. This allows
tho company to retire $150,000 of pre
ferred stock, und common stock will now
come in as a dividend-paving stock.
A movement is now on foot in Atlanta
to establish a statu board or real esfato
exchange for Georgia, and a good deal
has been said in favor of tho project. A
call has been issued for a imotlng of tho
Atlanta board of real estate, und to take
p'aco soon, at which it will bo deter
mined definitely how to begin tho work
of organization of this valuable and
much neede d institution. It is the pur
pose of the real cstato agents in Atlanta
w!.o compose tho board to invite all tho
real csUto men of Georgia to hold a
grand convention sometime in the eatly
spring for tho object of formulating
plans for this state organization. Tho
stato exchange will bo compose I of
agents in every city and town in Georgii
who are willing to join such a board
mm such a purposo ns it will lmvc.
Macon is about to deal with a new and
perplexing question, involving not much
less than $HU0,000 in tho tax returns of
tho city. Tho board of assessors, which
has just finished its work, submitted tho
regular report to tho council, showing
an increase in the Inxuble values for the
year of $500,420. With their tuuort tho
iiBSOBiors rjnt in a communication, call
ing alter don to tho fact that tho many
building and loan associations doing
I uaip.ss in M-icon had never been made
to pay a dollar of city taxes. The sug
gestion from the assoss* rs, that they
should bo taxed, has stirred up the build
ing and loan associations, and a scramble
is likely to arise. They say their prop
erty is already taxed, when an- ther party
occupying a houso built by them is com
pelled to pay taxes on same. They hold
iflat it would do simply doublo taxation,
snd would notttaud before the law.
“All Aboard.”
Tlio Georgia, Carolina ami Northern
Railroad which haa been temporarily en
joined from entering the cily of Atlanta
by tho Georgia mad haa made contract,
with the Atlanta Consolidated Strict
nailway Cnurpauy for the -ran.fcr of
passengers from Inman Park to the city.
Thua it ia no longer a queation of n atria
of luod lor a right-of-way, on which to
como into the city, with this plucky new
road. It no longor.waits upon a decision
of the supreme court where tire cose is
now pending. The nfllcials of the road
leo.cd a building for ita general offices.
I he building is situated in tho angle
formed by the intersection of Kachaoge
p'oee and Edgewood avenue. It hap
pens cnai me r.ugewoou electric cars -pm
past this new headquarters of the Geor
gia, Carolina and Northern road on their
way to and from Inman '.’ark. It also
happens that tho tracks of this now road
is laid up to the etoppiug place of
tho electric car at Ieman Park.
These favorable conditions suggested
to the officers of tho road a solution of u
hard problem which bus faced them sine
they have tried to enter tho city. As a re-
suit of the above contracts the passengers
of Ihe Georgia, Carolina* Northern will
bu tranferrod at Inman Park to tiro Edge
wood avenue cars, anil will bo brought
to the city end deposited at tho denot of
the termer roan, wntcn will no looiteil in
the new headquarters at the Intersection
of Exchange placo aud Edgewood
avenue.
Freight shipped over that road will bo
delivered in the city by drays, and that
which Is not immidiotrly delivered to tie
consignees will lie stored in the freight
room, wh eh wilt be arrnnged adjoining
• h.- L't'iicml office! of tho road. Just as
soon us the imot can make Ilia necessary
pr. paratlons Mils programme will be pit
Inio effect, Turn for tho lime bring the
road will boiudependnut of the contested
light id way, but its attorntys will not 1st
up In tholr tight for It,
A Note or tVaralai.
Tlio comm »-lomr of agriculture saya
.he farmers arc not cutting down th« cot-
ti n in r. line as much as lias been supposed,
mimI fioin tho information rcctivcu in the
departmont thinks It is tiiuo to sound a
note of * arnit g. C’ominsnioncr Nesbitt
he i» in rtrvipt of several letters
fiom fnrincrs in diffirent soeiions of tho
*ta'c, taking him to again urge tho ini-
poitance of icd'.ciug the cotton acreage,
and to w«ru the farmers against wing
l*»rge quantities of fertilizers in the samu
iiumciint unto and careless manner as
hori to ore.
1 I uve always advised," said tho com-
missioBt-r, “auaiust tin suicidal policy of
wearing out our latidsand impoverishing
ur people, that tho manufacturers of old
•ml New England, too, should make 800
•r 400 per cent advance from tho result
»f our labor. Tho prieu of cotton is far be
low tho figure, which, under tho present
syste m,represents tho cost of production,
but wo 8io no corresponding reduction In
ho price of manufactured goods. For tho
pisi two years wo have used in Georgia
about thirteen million dollars’ worth of
'ommercial fertilisers, and tho cotton
r. p has increased to nenrly ono million
hub s. We have attained our object in
producing a big crop, but what has the
former gained? A heavy load of dobt.
What Inis hecomo of the fortuity of tho
oil? It has been swept away by tho
unching winter rains, mid dissipated
>y the glaring summer suns. Notwith
standing the Inrgo amount of fresh
and annual v isken in, and tho immenso
Iimiitity of fertilizers used, tho averago
production has stood nt a halo to threo
teres for several successive years. Iu
•tiler words, tho expenses have gone on
increasing, while tho production per acre
iins n maimd tho same. In tho mean
time tho price has ruinously declined,
and today gaunt poverty looks us
quaroly iu the face. There is no dodg-
ii g this condition; it is here, nnd will
n t down at our bidding. Hindi wo meet
ns in former years, by taxing our credit
its utmo t limit to increase the acre-
•go and bv buvims immense amounts of
ummcieinl fcrtilizmf Under the ordi-
iary inclin'd of preparing and cultivut-
"K the land this means only financial
-inbarrussnicnt. Or shall wo pause in
»ur insane enreer nml lis'on to tlje advice
•f sober sense and judgment?" ’
llonrilH of KqiiRllBRtlon.
The new law creating boards of equali
zation is claiming a good deni of atten
tion just now. People are beginning to
wonder what its effect will bo upon tho
lax returns, and, on this subject, there is
much difference of opinion among well-
informed persons. Boon after tlio law
was passed tho opinion was freely ex
pressed that its effect would bo to in-
crcuso tho tax returns of tho stato by fifty
mill.ons.
Binco tho trying experience of tho fall
aud winter, tho most sanguine friends of
jw law inclined to reduce their es
timates of its effect. Homo pcoplo who
nie in position to know something of the
feeling ol tlio people think tho boards of
qimlizailon will actually roduco tho re
tires. This U tho view of Treasurer
Hardeman and Mr.T.C. Furlow,of tho tax
department of tho eouiptrollor general’s
office. Colonel Ilardcinnu says the fact
hat tho lurgest counties are carrying tho
whole biiideu of the Atato government,
while a largo titimbi r are actually a charge
upon the state, Inis caused ii deep-seated
ft eling among the tax-pnylng counties
thnt they are doing morothii'i tuelr thare.
This, ho thinks, will beget a disposition
to pitch their tnx returns upon a lower
»o as to keep down their state
tuxes. Added to this is the low nrico of
cotton mid tho distress of tho farmers,
and, from both tbcsacausos, Col. Harde
man and Mr. Kurlow think tho bourds of
equalization will cut down more returns
limn 11 ii- v will mini. *
than they will
Comptroller General Wright, who has
beeu watching the state’s basinets closo
ly for a number of years, takes a differ
ent view. “I am not prophet enough to
say what will bo tho result of tho new
law," said he. “but tho experience of
Kichniond nnd Chatham counties with
boards of equalization docs not indicnlo
a reduction from that onuse. Iu Hich-
inond the effect of tho hoard’s work has
been to keep up a steady but not extrav
agant iucreaio of values, and it haa been
pretty much the snmo in Cbatlibin. I do
pretend to say that there
may not ho n decrease in the re
turns this year, but if there is It will not
be due to the boards of equalization, but
to other causes of a general nature, such
as the low price of cotton and the dis
tress among the f armers. The author of
the hill und its friends did not contcrn-
olatc a laruc increase of tho return frem
tho operation of this law. Its object,
primarily. U equalization. As it stands
u -w, ‘A’ inny return agricultural lauds ut
$1 an acre, ‘Ii,’ on the adjoining planta
tion, with no better lund, but a be*ter
conscience, may return his property at
$10 an acre. The work of tho boards is
to put these hinds on the sumo basis. If
the lower return is too low, they are to
rniso it; if tho higher 000 i too high,
thev are to reduce It ”
STRANGE EFFECTS OF GRIP.
Two Cases of Sudden niiiidness At
tributed to tho IliKCANC.
A Vicksburg, Miss., dispatch of Fri
day *ays: Two cases of sudden blindness
resulting from grip have occurred bero
recently, tho sufferers being well-known
persons, und one a lady has consult'd the
moat eminent occulists in New Orleans
who unite in declaring her case hopelcs*,
and admitted that they wore iguorant of
the causes that occasioned loss of sight.
Tho other is that of a boy, who was at
tacked bv the disease and lost his eight
in a few hours. An operation, promptly
performed, has partbdly relieved him,
through as yet he can only distin^uiih
light from darkness. Ilia physicians
have hope* of bfi recovery.
THE LEASE BROKEN
And ill the Central’s Offliers Tender
Their Resignation.
TOUT WKIIR ASKBD TO IK) SO IlY TI1K TKH-
MINA!. PRO 1*J,It IN NKW YOltK — BKN-
■ ATIONAL TUIIN OP APPA1HS.
Telegrams of Saturday from Savannah
atato that tho long expcctrd next move
in the great railroad game lias como at
last, and it ia expected by the many who
have held all along, that the Terminal
people were behind tho Clarke suit, and
that they were tho real parties who wanted
tho Central broken. Haturday tho Ter
minal pcoplo threw up the sponge aud
aui rendered the Central as far at they
can, hack Into tho hands of thorn who
controlled It prior to tho making of tho
lease. They will make no opposition to
Mrs. Clarke's suit in the United States
court at Macon, on March 24th. Ho far
as they are concerned, they wash their
hands clear of tho Central system, nml
rctiounro tholr obligation as guarantors
of tho dividend of 7 per cent.
Tho official* appointed by Receiver
Alexander to run tho Ccutral railroad
have all resigned. And they do not
know why except that they were ordered
to do It. Tlio order caino from tho head-
quartcra of tho T erminal management In
New York and tho resignationa were
handed In Instantly. Genoral Manager
Green, Tronsurcr Hall, General Hu perm-
,tundent V. K.Mcllee, Traffic Manager
Hoi Haas, all resigned ns offlo' rs of Gen
eral K. 1*. Alexander, receiver of tho
Central. Tho Terminal simply wants to
drop tho Central ayatrm— so It says.
These resignations can bo explained in
the light of the breaking of tho lease.
Naturally tho Tormintil would not
want its \ ffioera runnlug a road
which It wanted to get rid of.
When tlio nows first got out Haturday
morning there was general indignation.
It was thought to bo a atop on tbo part
of tho Terminal to enibiirrna* tho Central
and to throw it into confusion. Home
poopio were very angry and said harsh
things about the Terminal and tho Dan
ville. On second thought, though, they
concludod thnt it would not make any
differonco to tlio Central, and that It
could get along all right. Genoral Man
ager Green stated thnt nil ho knew
about it was that “our pcoplo In Now
York ordered us to resign.” lie pre
sumed Hint they wished him to dovote
himself to their proponloe exclusively,
nnd not bo giving his Hmo to the Contrail
Captain Green denied emphatically tho
f®P°Yt that tho Drinvillo is running cara
off tho Central system. “Our cars go
every where and wo jot cara from dozens
i absolutely false thnt Cen-
burned up to got the scrap
of other roads,” said ho. “Everything
will be properly accounted for.” Ho de
clared Hint it la
tral cars
to sell. “Tho Terminal company would
not have nn officer who would permit
that to be dono.”
A largo stockholder of tho Central
stated that the new olomont In the Ter
initial, tho Heading and Jersey Central
people, are anxious to have tho Central
of Georgia cut Inoso for the present. It
seems that Fahnestock, Kennedy, Todd
and those capitalists havo a large amount
of ramtnl tied up in tho Richmond and
Danville moperty. They will exert them
solve* to brace up thit company. If the
East Tennessee moves too muon of a load
they will drop that. too. “It behooves
Georgians now to give the Contral tholr
sympathy and do all they can to build it
up ns an indepoiidnnt property.”
There ia no way to compel tlio Dan-
vlllo to continue to run the Central If It
persists in refusing, but thnt ono million-
dollar bond can, perhaps, bo forTeited.
Thnt bond was given to protoct tho Con-
tral against any loss or damngo it might
sustain through tho breaking of tho con
tract by tho Danville, If tho Danville
cli.iuiH that the lenso was illegal it might
•■cape making good the dnmagea in the
event tho courts decided thnt the b ase
was unconstitutional. Hut If the Dan
ville simply assigns ns tho r< niou for
surrendering tho lcaso that the Central
does not pay, tho bond si ould bold.
An important question now Is, Where
is the bond?
A minority stockholder sat a thnt he
understands it is not in the Central rail
road bnnk in Bnvannah. Ooncral K. ]».
Alexander was supposed to ho its custo
dian. A railroad official, being askul if
he had ever heard where it 1s, answered
that ho hrd undeistood thnt it is New
York somewhere, petlinps in tho vaults
of the Central Trust Company. There
will ho a great sensation if that bond
cannot be found, for it Is going to figure
iu the future proceedings.
It is reported thnt tho C'enlral’s direc
tors will resist first upon having tlio con
trol of the road placed in their hands
instead of turning it over to a permanent
receiver. In tho second place, it is
thought that they will try their hardest
to collect (hit $1,000,000, or no much of
it iis will compensate the Central for tbo
damage It auffera through Iho breaking
of the lease. The Danville would owe
tho Central stockholders $202,500 in
Juno ou the dividend account. It owes
now, sav, $150,000.
JUDOK hPCKR's AOVICK.
The following telegrams between Re
ceiver Alcxnndcr and Judge Hpeer ex
plain themselves:
“Savannah. Ga., March 10, 1802,
12:08 p.m.—Hon.Emory Hpeer: The Dan
ville company has notified me that it
abandons tlm Central railroad to tlio
court. It* directors nnd stockholders
and all of its joint officers whom I ap
pointed have tendered their resignations.
I am actively organizing my own staff
and accounting departments in order
thnt the operations of tho road may bo
uninterrupted, i anticipate no difficulty
in doing this. Fuller details by mail.
“IC. P. Aj.kxandkk,
“Temporary Receiver."
Judge Fpocr lent tho following tele
graphic answer to Receiver Alexander:
‘ Y> ur telegrnm is received. T he sud
denness of tho action and tho simultane
ous resignation of the officers of tho les
sees should awaken the liveliest sense of
tbo urgent and vital responsibility do-
pendent on join self as tlio officer of tin
court. I have just been informed that a
large number of the engines and cars h«.
longing to your trust nro being
mo order of your appointment, you are
reminded of tho vital importanco of
gua ding th-Interests In your hands from
such depredations ns reported. If tho re
port Is truo, persons«ngngod in that work
might bo linhlc to severe penalties for
contempt of tho Injunc Ion. Immediate
ly Investigate, and If necessary act with
utmost pri niptitude. I stand ready to
grant any propor order necessary for tho
preservation of tho pr<qv*rty.
“Emohy Hridtn, Judge.”
Dispatches of Hundny stato that Gen
eral Alexander Ins not accepted tho
resignation* of tlio Richmond and Dan
ville and Centr il railroad joint officials,
Thi y were appoint* d by him as receiver
«nd cannot resign w ithout p- rminalon of
tlio court. Huptr ntendont Mellon haa
not resigned, an I will contlnuo for the
present In charge of the operation of the
road.
CLEVELAND S LETTER
Wherein He Wives His Ylews In Regard
to the Presidential Nomination.
A dbpn ch from Milwaukee, Wls.,
■ays: Gen. Edwards H. Bragg, author of
tlio I unions phrase, “Wo love him for the
enemies he has made,” has l>een urging
Ex-I'roNideut Cleveland to niakn publlo
an nvownl o| his position in connection
with tho approaching dcmocratlo presi
dential oonvontioQ. Ho wrote a letter
to Mr. Cleveland from Fon l)u Lso, con
tainjng tho following paragraph:
“The danger to the publlo interests,
which a failure of tho democratic party
would iuvolvo, sootns to tno now to re
quire an open avowal of your willing-
uess to submit to any sorvlce to which
your party may assign you. Many cu-
tcrlaln fears tint you may dccllno further
public duty, which none but you cau
eff* (dually remove, aud tour voice will
be ever hoard with benefit and effeet. 1
believe your usefulness to the nation may
bo greater now than ever In tho pnst to ear
ly to victory tho enuso of tariff reform and
restore iho blessings of good government
to our people, aud as your fuTiow-demo-
ernt nnd follow-citizsn, I ask you to say
to your party and poople thnt your nstuo
will bo presented to tho national demo
cratic convention as a candidate for its
nomination to tho presidency, and that
you will accopt tho nomination if the
convention ahnll mako it, and again un
dertake tho duties of president, if our
party shall, as I believe it will, choose
you for tho office.”
In reply the ox-president writes as fol
lows :
To Hon. Edward B. Bragg:
Dkaii Hm—Your lotter of tha 5th in
stant is rcccivod. I have thought until
now thnt I might continue silent on the
subject, widen, under tho high sanction
of your position ns my “foliow-Dumo-
crat aud fullow-oltizou,” and in your
relation as a truo nnd trusted friend, you
present to mo. If in answering your
questions I might only comddor my per
sonal desires nnd my Individual caso and
comfort, ray response would ho promptly
made, snd without tho loast reservation
cr difficulty. But if you are right In
supplying thnt the objoct ia related
to tlio duty I owo to tlm oountrv
and to my party, a condition exists widen
makes auch nrivato and personal consid
erations entirely irrelevant. I cannot,
howevor, refrain from declaring to you
that my experiano in tlm great office of
president of tha Uuitod Hiatus 1ms so Im
pressed mo with the solemnity of tho
trust and its awful responsibilities that I
cannot bring myself to regard tlm cnndl-
duoy for tho placo na something to he
won by personal atrifo nnd netivo self-as
sertion. I have ulso nn Idea that the
presidency Is pro ondoontly tho nonplus !
office, nnd I have boon slncoiu in* my
constant advocacy of an effective
pnrtlclpitlon In tho political affairs
on tho pnrt of nil our citizens. Con
sequently, I believe our poopio should be
hoard in tho choice of their party candi
dates, and thnt they thnnisclvea should
mako tho nominations as directly as is con
sistent with an open, fair nml full party or
ganisation and methods. I spunk of these
things solely for tlm purpom of advising
that iny conception of the nature of tho
proidontial office, and my conviction thnt
tho voters of our party should be free in tho
selection of their candidates, preclude the
|K)ssibllity of my loading a pushing, nnd
self-seeking onnvuss for the presidential
nomination, even if I had a desire to Im
again tlm candidate. Believing that tlm
coiupieto supremacy of tho democratic
principles means increased national pros
perity, aud increased Imppineas of our
people, i am earnestly nnxious for tlm
success of tho pnrty. I ntn confident that
success is still within our reach, but I
believe this ia a timo for democratic
thoughtfulness and deliberation, not
only ns to candidates, but concerning the
party upon questions of immense interest
to tho patriotic and intelligent voters of
tho land, who watch for tho a*suranco of
safety as the price of their coufldoncn and
support. Yours very truly,
Giiovku Clkvklanii.
WHO COMPOSE THE SYNDICATE
That Fnmi.lie. I lie ('nali io Kporifaiilxe
th« Terminal.
A New York dl.patrh of Friday .aya:
Mr. Budge, a moinbfr of tlio Arm of llall.
trarten * Co., and one of tlio Hichniond
Trnidnal rrorpariisuitiou committee, aaya
that the hank. r»' •jndlcatn to guarantee
the coib required fur tic conaummatlon
of a |»Im»i for the reorganization of tho
roni|>aujr a. propmed by tho Olcotl. com
mittee would lie composed of the follow-
intf llrim and Intlivldiiala among other.:
Hollgorton A- Co., Fuat National hank
J. Kenny Todd A Co., Central Trmt
Company. I. 1 e Ifiggin.on * Co
Lizard Freon«, Cliaae National bonk,
Maitland, I'lielp. * Co , Mooro *
Schley, Oliver II. Payne. Spencer, Trask
* Co., E. C. Benedict & Co., Work
Htrnn|{ * Cu., Edward -»o. t A CV, C.'
J. Lawrence Hum, Woerahofler * Co.,
I. & 8. Wormier, Poor * Greenouirli
The amount ol the Hiclimoud Terminal
syndicate subscription ia (14,300,000
cadi. 'Unit a, the company will i.iuc
(18,000,000 I per cent, boude to tliesyn-
dicite subscribers nt 80, less a commii-
■ion of 2jf per cent, cash and 'ij per cent
in preferred .took There will elso bo n
bonus of 03 per cent, in preferred stock,
so that the new 4 per cent botida, with
preferred worth 30 should not cost sub.
tcrlbers much, if any, above 00
of ihe .ill a 7"': ,8 «'» o«l Two centuries and seven different
of the stair. Itefernnc to the teims of J ,| aiu> lbo i OT , U | ion of g UDp0W a, r **
GEORGIA’S MONEY.
Til Stjtciois lintr li Thick Htf
Fiances ire Sting Handled
•DOOLD INtPIRR PRRMNOS OR ORATIFIOA-
TIOW AND SAFETY IN KVKHY CITIZ«H
OF OUR ORANI> OLD BTATR.
Id this day and time when the pressure
of “hard timra,” brought upon the poo-
I tla of the south by the low price of eot-
nn, la forcing the mssice to clamor for
financial reform, It is particularly inter
esting and gratifying to tho poopio of
Georgia to ohaervo with what wisdom
aud sagacity thestato’i financial interests
ah) being nro per ted.
The satisfactory placing of stato bonds
within tho past few yoac*i the economi
cal methods so obviously executed in the
state treasury department, the safety of
our financial laws, tho truly wonderful
reduction of the annual amount of Inter
est, and all surely should oorvo to fnaplro
every Georgian with feelings of safety
and gratification.
Whatever may be the discontent on the
farm at tlm pitiable price of cotton;
whatever may bo tho feeling of doubt
that reigns In consiquence behind the
counter and in the hankers’ halls, there la
room for grove doubt if the people of any
southern state foel ss safe and sa con
tented with the manipulation of their
tax money aa tlm citizens of Goorgla foel.
TtIK PKiUniM TALE.
It la interesting to ohaervo tlm flgtiree
as they come from the big treasury hooka
to he found in tlm great vault at tbo
state oapltol, provided over by Htate
Treasurer, Colonel R. U. Hard* man. In
the first nlsce, Instead of having a per
manent sinking fund to bo hoarded up
In tlm treasure, tho general assembly
through tlm advice of Colonol Hardeman,
has passed laws providing for tlm Itn-
medlato application of tho sinking fund
to tho bonds of Iho state aa tImy mature.
Hy these wise provisions of law, the
bonded Imlehtedno-a ha* !>een reduced
from $8,700,000 to $8,800,000, a reduc
tion of $500,000, which bis been accom
plished within tbo years that have
elapsed since Colonel Hardeman took
charge of tlm keys of tho state’s great
money cheat. Tho average rate of Inter
est biing paid hy tbo state bofore that
timo waa 7 per cent, aggregating the
stun of $588,181 per annum.
But under tlm laws framed hy Colonel
Hardeman, and passed by the general as
sembly at uia Instance, the treasurer haa
been enabled to fund tbo bonds of the
state into different siries, maturing from
now until 1084, bearing Interest at 4|
per coni and 8} per ceut, thus reducing
the annual amount of interest to the sum
of $880,000. This give# an annual sav
ing to the people of $201,401.
The peoplo of Georgia owe their
thanks for all this saving of tho state's
money to Colonel Hardeman, state treas
urer, more than to any (mo else. To his
shrewdness aud capabilities ns a finan
cier, Iho credit Is duo fhr this great re
form In Georgia’s flnnucial affairs.
Colonol llardenum, since his election to
the office of tru surer, has written every
tax and funding net, nnd iiiaungo J the
Affairs of tho state in matter* pertaioing
to tho financial policy as outliuod und*r
our atate constitution.
There is not a more sagacious, moro
hiMieat, nor more tafi* financier in tha
country thnt is Colonel It. U. Hurd* nun,
tho man whogunid* the in* m y thnt goes
into Georgia's treasury Atlanta Contii-
tution. __________________
THE POSTAL TELEUKAPH.
A Bill for the Establishment of tire
Bervloo Introduced In Congress
Mr. Hopkins of Illinois, at tho request
of Postmaster-General Wanamaker, has
introduced in the houso a bill to author
ize the establishment ot~n postal tele
graphic servioe and for otbor purposes.
The bill is a vory brief one, consisting of
but five soctions. It authorizes the post
master-general, upon the ndvioe ana ap
proval of the secretary of tho treasury
and attorney-general, to eootract with
any person, company or corporation
owning or operating lines of wires
used for telegraph or other pur
poses, for transmission of cor
respondence, press dispatches and postal
money ordors over the aaine between any
points doflignated by him, at or In eon-
notion with tbo pGitoffice under rules
and regulations prescribed by him, at
such rates |*er meaasge as may be agreed
upon by said contracting partita; not.
however, to oxceed the rates of similar
messages charged by such persons, 00m-
pany or corporation. The charges for
tho transmission nnd delivery of mesaagaa
is to bo prepaid by stamp. Tho adver
tising and letting of the contraots pro
vided for ia to bo conducted in a manner
prescribed by the laws relatiog to con
tracts for inland mall transportation,
•o far aa the same may bo appliablc:
In conducting the business, provided
for by the bill, no new or additional of
ficer are to be created, nor any additional
clerks employed by reason of the same In
the postofffco department or In postof-
flcce, nor ia any expenditures of money
to be made or contracted for beyond tho
sums received for the delivery charge of
the message.
Appropriations not exceeding said
sums are made to carry out the objeota
of the act. The provisions and all stat
utes proscribing punishment for viola
tions of the laws relating to postal service
are extended and made appliable to the
service provided for. Tbo bill also pro-
vidca 1 hat the postmaster-general by, and
with tho advice and consent of the pres
ident, may conclude treaties or conven
tions with forcigo countries for the ex
tension and connection of the postal tele
graph service, including interchange ol
postal telegraph money orders between
them and the United States. _
TOBACCO SMOKE"
A Rig factory Iu HI. Louis Completely
Destroyed hy I he Flames.
Tho extensive lobnreo factory of Lig
gett & M;.era, at St. Louis, Mo., took tiro
in the six'll story, or “rmnting depart
ment,” Friday morning, and in nn hour
almost tho entire upi er puri of tho build
ing was in flames. Several hundred peo
ple, men women and children, were cm
ploys d in the fnctnry, but nil appear to
bare es< ap„>d without injury^