Newspaper Page Text
2
11GHT ON RECENT .
BANKING TROUBLES
Chain System Which Spec
ulators Employed.
To the average reader the doings
jf the New York clearing house and
banks during the present week' have
been more or less of a puzzle. In a
recent editorial the Philadelphia
Press explains the methods of the
clearing house and of the methods by
which speculators secured control of
hanks with the expenditure of very
little cash.
Says the Press:
The New York Clearing House is
the most important financial author
ity in the country. Without legisla
• tion, by sheer force of circumstances
it has come to exercise on financial
emergencies an authority cuch as
Peel’s banking act gives the govern
ors of the Bank of England, with
the British Ministry behind it,
French law confers on the Bank of
France, with the Finance Minister of
the government, and German statutes
on the Bank of Germany and the im
perial treasury at Berlin, acting joint
ly.
These great powers have never
been more wisely or more efficiently
used by the New York Clearing House
-han in the past three days. Its swift
action has summarily reduced, and in
the end will probably altogether re
move, a peril to all the banking cred
its of the country, of which thinking
and observant men were well aware
for six years past, but which, for ob
vious reasons, it was neither wise nor
expedient to discuss in public.
Since 1901, or thereabouts, groups
of speculators, handling the enormous
sums trusts command and modern
fortunes permit, have been buying
New York banks on the “chain” sys
tem used by Harriman in buying rail
roads. Banks shares, once bought
to secure control, often at a price
which left only 1 and 2 per cent re
turn, were hypothecated to buy the
shares of another bank, and so on un
til the group of speculators just
„ forced out, Heinze, the Thomases
and Charles W. Morse had from six
.o eight banks and four trust compa
nies to go and come with in that
branch of grand finance which only
the advice of skilled lawyers pre
vents from being something worse.
Such purchase and ownership of
bank shares is rare. In Boston the
savings banks own the national
'banks, an arrangement most safe for
the community, however it is with
che savings. The national banks here
are owned by men and estates posses
sing the implicit confidence of the
community. It is now many, years
-since dubious ownership appeared in
-any Philadelphia banks. The Chica
go banks are well and strongly own
ed. In other large cities, and espec
ially in smaller cities and towns, own
ership of bank stock is a sort of pat
ient of respectability.
But in New York the “chain” of
banks from which these promoters
and speulators have just been routed
nit was recognized as the danger
point. These banks were controlled,
not for banking profits, but for spec
ulation. Their reserves were known
to have been converted from safe to
unsafe securities. Their ownership
was used in all the ways banks can
be employed to provide loans for per
ilous operations.
As small rural national banks hold
their reserves under our system in
reserve cities, and banks in reserve
cities deposit in New York, a nation
al bank failure, and much more nat
ional bank failures for a group of in
stitutions, imperil credits over a wide
area. When the speculative group
got to the end of its rope and resourc
es the New York Clearing House
wisely and ruthlessly cleared out all
concerned in the abuse of banking.
This is what the resignation of
Morse, the Thomases and Heinze
meant and it adds to the stability of
all national banks in all cities.
Florida gives her poets thirty days.
This comes much cheaper than a
monument.—Atlanta Constitution.
A Card.
This is to certify that all druggists
are authorized to refund your money
if Foley’s Honey and Tar fails to cure
your cough or cold. It stops Hic
cough, heals the lungs and prevents
serious results from a cold. Cures
• la grippe coughs and prevents pneu
monia and consumption. Contains no
opiates. The genuine is in a yellow
package. Refuse substitutes. Sold |
jy all druggists.
if Mrs. Stuyvesant Fish can engi
neer an effective crusade against Am
erican girls marrying foreigners,
she will save the country lots of
money and the girls lots of trouble.
No, Maude, dear; the blockhead
would scarcely make good political
timber.
THE AMERICUS DAILY TIMES-RECORDER, SATURDAY, OCTOBER 26, 1907
MAKING CHARCOAL
A BIG INDUSTRY
DETROIT,. MICH., October 25.
(Special)—Once the incidental occu
pation of many American farmers,
the proceeds of which they paid their
taxes, the making of charcoal has
now developed into a big industry
backed by large capital. In spite of
this the demand is still much greater
than the supply, and large forests
are falling before the efforts to keep
pace with it.
Charcoal is an ingredient in the
composition of gunpowder. It enters
into the arts. It is a decolorizer of
solutions. It is a medicine for dys
peptics. It is used in galvanic batter
ies and electric lights. Tinners use
it for their furnace fires. It heats
the flatirons of many a laundry, and
in the cities is extensively used as
kindling for hard coal fires. It is
regarded as an antisceptic and is an
antidote for internal poisonings. All
these are but a part of the use of
charcoal.
Wood set on fire in the open air
will burn competely away, but if a
limited amount of air be allowed to
reach the burning wood only the
volatile matter is burned and the re
maining carbon, although charred
and brittle, retains the form of wood.
Nearly all kinds of wood will produce
charcoal. 'Hemlock is one variety
which is not used for the purpose.
Willow and hard maple are widely
used. Willow and poplar are much in
demand for certain kinds of char
coal.
The output of charcoal in the Uni
ted States is about seven million
bushels annually. In this product
Michigan leads. New York, Oregon,
Alabama and Texas are also large
producers.
Thousands Have Kidney Trouble
and Don’t Know it.
How To Find Ottt.
Fill a bottle or common glass with your
water and let it stand twenty-four hours; a
. . c sediment or set
llTjUj rm ' tling indicates an
jfcJvTTgi unhealthy condi
{Tm tion of the kid-
UXA , 1 V ncys; if it stator
your linen it is.
evidence of kid-
JeMk \\/ fr LjTA'Y ney trouble; too
=ffV« frequent desire to
, pass it or pain in
'—the back is ale
convincing proof that the kidneys and ad
d-rareout of order.
Wliat to Ho.
_ s sere is comfort in the knowledge sc
often expressed, that Dr. Kilmer’s Swamp-
Root, the great kidney remedy fulfills every
wish in curing rheumatism, pain in the
back, kidneys, liver, bladder and every part
of the urinary passage. It corrects inability
to hold water and scalding pain in passing
it, or bad effects following use oi liquor,
wine or beer, and overcomes that unpleasant
necessity of being compelled to go often
during the day, and to get up many times
during the night. Tiie mild and the extra
ordinary effect of Swnmp<=Rcot is soon
rsalized. It stands the highest for its won
derful cures of the most distressing cases.
1 you need a medicine you should have the
,est. Sold by druggists in 50c. ar.dsl. sizes.
You may have sample bo.tie of this
wonderful discovery |\4 w r |
and a book that
mere about it, b: m $3
lately free by mail.
A....ess Dr. Kilmer os Homo of Sw.-imp-Root.
Co., Binghamton, N. Y. When v/riting men
tion reading this generous offer in this paper.
Don’t make any mistake, but remembei
the name, Swamp-Root, Dr. Kilmer's
Swamp-Root, and the address, Binghamton
N. Y., on every bo?tie.
EVEN THE TRAMPS
ADMIRE THE CITY
Americus, as always as this sea
son, is just now the Mecca of the hun
gry army of tramps, bums, and beg
gars, fef the high professional class
who “work” the South in winter and
the north in summer, where most of
them, no doubt, own property and
have good bank accounts. Three or
four well dressed vagabonds, able to
work but who find begging more luc
rative, were in town yesterday and
probably reaped the usual rich har
vest from the “dead easy” ones here.
One of the vags, at the Central Rail
way depot, expressed regret at leav
ing so soon. He declared he liked
Americus, and said the city had grown
wonderfully since he worked
through it last winter. He bought a
first-class ticket to the next town,
kicked when toid the train was a
few r minutes late, and snapped a gold
watch nervously as he waited im
patiently and thought of the business
he was missing down the road.
' A wireless operator in Boston has
suddenly become voiceless. He is
probably the only talkless man in the
town.
for Many Purposes'
Orange?, lemons and Grape Fruit for tropical
\ planting; Peaches, Blums and Bears especially \
adapted to the South ; Bersimmons, Becans, Hardy Vu
Roses, Shade Trees, Hedge Plants, Flowering Shrubs, etc.
Taber’s Trees Thrive
because they are of the choicest varieties and have been grown from superior stock
in an ideal location and under the care of expert nurserymen. Booklet, "Past
Present and Future,” and complete catalogue, free.
GLEN SAINT MARY NURSERIES COMPANY
G. L. TABER, Pres. & Tress. Box 16. GLEN SAINT MARY, FLA. 11. HAROLD HUME. Sccj
PRETTY HOME WEDDING
THAT ON WEDNESDAY
Uniting Miss Johnson and
Mr. Easterlin.
One of the prettiest weddings of
the season was that of Miss Maude
Johnson and Mr. Paul C. Easterline
on Wednesday evening at 8:30 o’clock
at the home of the bride’s parents at
Oglethorpe.
The house was decorated with
bamboo vines, ferns and “brown
eyed Susans.”
Promptly at the hour stated, to
the sound of the wedding march ren
dered by Miss Minnie Jewel Kleckly,
cousin of the bride, the groom enter
ed with his best man, Mr. A. C. Slap
pey, of Andersonville, followed by the
bride with her maid of honor, Miss
Alma Rushing, of Macon.
Rev. J. S. Elmore pronounced them
man and wife by the strain of “Mel
ody of Love,” sweetly played by Miss
Kleckly.
The bride wore a champagne liberty
satin, trimmed with a touch of gol
den brown and real lace, and carried
a bouquet of bride roses and maiden
hair ferns.
The maid of honor wore a dress of
lace made over white silk, and car
ried a bouquet of Marechal Neil
roses and asparagus ferns.
The color scheme, green and gold,
was carried out in dainty refresh
ments served by four pretty young
ladies, Misses Minnie Kleckley, Eun
ice Johnson, Hilda Rushing and Ethel
Murray.
Punch was also served by Miss Al
ma Rushing, a pretty and charming
niece of the bride.
The bride is the eldest daughter
of Mr. and Mrs. E. W. Johnson and
a charming young lady.
The groom is a prosperous young
business man of Andersonville.
The presents were numerous, con
sisting of handsome painted china,
cut glass, silverware and others.
The bride and groom left on the
11:20 train for Jamestown, Wash
ington, New York and other points,
the bride wearing a brown coat suit
with hat and gloves to match.
They will be at home to their
host of friends in early November at
Andersonville.
His Hear Old Mother.
“My dear old mother, who is now
eighty three years old, thrives on El
ectric Bitters,” writes W. B. Brun
son, of Dublin, Ga. “She has taken
them for about two years and enjoys
an excellent appetite, feels strong
and sleeps well.” That’s the way El
lectric Bitters aflect the aged, and the
same happy results follow in all cases
of female weakness and general de
bility. Weak, puny children too,
are greatly strengthened by them.
Guaranteed also for stomach, liver
and kidney troubles, by Eldridge
Drug Co. lmo.
Love may laugh at locksmiths, but
it is a physical impossibility for
Cupid to laugh in his sleeves.
Out of Sight.
“Out of sight, out of mind,” is an
old saying which applies with spec
ial force to a sore, burn or wound
that’s been treated with Bucklen’s
Arnica Salve. It’s out of sight, out of
mind and out of existence. Piles too
and chilblains disappear under its
healing influences. Guaranteed by
Eldridge Drug Co. 25c. lmo.
A Cordial invitation
is extended
ALL SOUTHERNERS
to visit
The JELL-0 Booth
at the
Jamestown Exposition
’, •' din Food Product-* Building at en
t ~ •: to Horticultural Court.
Vive provid 1 a spacious Rest Room
■i y ' Hire u’.veicnce, where you
t w- i ■ . rs, road your
• bo glc Ito serve
-> K ury dc'scrfc, and
-OI CREAM
~ i 11y they
I . -1 ■ .It "oy, N. Y.
A. W. SMITH FURNITURE CO.
k
offer the largest, most attractive and varied assortment in each line
they have ever had in stock, embracing Chamber Suits in Mahogany
and Oak. Chiffo-Wadrobes, Odd Dressers, Dressing Tables, Lad
ies’ Desks, Library, Center, Parlor and Dining Tables, Hat Racks,
Sideboards and Buffets Rockers in Oak, Cane and Mahogany.
In leather goods the handsomest Davenports Couches and
Chairs ever shown in the city. Iron Beds and Cribs’ Hand Painted
China and odd pieces, as well as decorated and white china, our own
importation, which means best goods for the least money.
Japanese and Bohemian Vases, Cut Glass, stock largest and
best at lowest prices- Window shades, Hanging and Stand Lamps
as well as all House-furnishing Goods.
Os course, Whitney’s Go-Carts, as every one knows that they
are the best.
Call in and see the best stock ever offered in the city and at
prices which will please you. i
A.W. Smith Furniture Co,
Cor. Jackson and Forsyth Sts, Americus, Ga,
PROFSESION ‘XL CARDS
P.kjfsieiam and <sury,an#
Douglas B. Mays, M. D.
Physician and Surgeon,
Telephone 479
J. WADE CHAMBLISS, M. D.
Physician and Surgeon,
Ame icng, G».
OFFICE:— Allison Buiidlug. Phone 429.
Residence 115 Jackson St. Phone 451. Calls
left at McLaughlin’s drug store, (Phone 98)
will receive prompt attention ,
DR. O. T. MILLER,
Physician and Surgeon,
AMERICUS. GEORGIA.
Special attention given to diseases of wo
men and children and to general surgery
OSftoe in Planters Bank Building.
R. E. CATO, M. D,
Physician and Surgeon,
AMERICUS, GEORGIA.
Residence 316 Felder SL Telephone 96
Tenders his professional services to the
people of Americus and surrounding coun
ties. Special attention given to general
surgery, diseases of women and children.
OBee 405# Jackson street. Calls left at Dr.
Eldridge’s drugstore will receive prompt at
tention .
‘Dantist*,
C. ZP, ‘Davis, Dentist,
Offllce Residence
i imes-Recordet B1 f g 118 Jackson Street
Phone 262. 'Phone 165.
2tiiernov*>
I N. MOTT,
Attorney at Law
Americus, Ga,
Office in Courthouse. 10 17
JAS, A- MIXON,
Attorney and Counsellor at Law
AMKRMJnB, GEORGIA
Office in Bvne Building
e7 A,H A WKINS^
ATTORN BY AT LAW,
Americus Georgia.
Office in Wheatley Building.
W. T. Lane, > R. L. Maynard,
*F. A. IIoorER.
Lane tonard & Hooker,
Attorneys at Law.
OFFICES—AIIison i Building. Will
practice in all the courts.
va/. W. Dyke*. E. A. Nisbet.
DYKES l NISBET.
ATTORNEYS AT LAW.
Americus, Georgia.
Planters Bank Building.
CUPRAN R. ELLIS.
ARCHITECT.
Ellis Building—Cherry St. <ft Cotton ave
Macon, Ga
- MEN AND WOMEN.
UKUse Big for unnatural
fa l to & discharges,inflammation*,
•HHr Guaranteed W irritatious or ulcerations
not to atrioture. ™ of mucous membranes
r* 1 Pr*?««ta Contario*. painless, and not aetrin
rjaITHIEviNSCHEMIOILCO. gent or poisonous.
VjjA CINCINHIH.O.MM Sold hj Dronlid,
V. s.l. Vw »ent in plain wrapper,
bj expre.e, prepaid, for
•< on. or J bottles *2.75.
* Circular aeat oa reyuoat.
GLOVER’S OPERA HOUSE
One Night Only
TUESDAY. OCTOBER 29TH.
COMING
The Great Matzoni and
His Company.
Manic Myrth aod Mystery.
The Hand Cuff King
and Jail Breaker,
Read what the papers
say.
Prices: 25c, 35c, and 50c
Reserved seats on sale
at WILL DUDLEY'S.
J If you want good home made
Harness buy from
W. 0. Barnett
Manufacturer
of all kinds of Harness.
BOOKKEEPING COURSE
$3.00 per Month.
SHORTHAND COURSE
93.00 per Month.
TELEGRAPH COURSE u limited
Scholarship $30.00.
Write SOUTHERN BUSINESS COL
LEGE & SCHOOL of TELEGRA
PHY', Newn n, G?.
— —1
JOHNSON & MARXOLD.
Cotton Warehouse
and Commission Merchants
and dealers in
Heavy Groceries aud* Fertilizers,
Plantation Supplies Furnished
on Reasonable Terms.
The Exposition Route to
NORFOLK
Seaboard
air line railway.
“These arrivals and departures, as
well as time and connections with
other companies, are given as infor-j
mation and are not guaranfsy^’
Shortest. Line Between Av.ierionl
and Savannah.
Passenger Schedules Effective Aug
ust 12, 1906.
90 Meridian Time. All Trains Daily.
Leave Americus for Cor
dele. Rochelle, Abbeville, 12:32 pm
Helena, Lyons, Collins, Sa
vannah Columbia, Rich- 2:20 am
mond, Portsmouth and
points east 5:10 p m
Leave Americus for Rich
land, Columbus, Atlanta, B:U. am
Birmingham, Hurtsboro, 12;5 - am
Montgomery and points
west and northwest 3:08 p^
Arrive in Americus from
Cordele, Rochelle, Abbe- 8:43 a m
yille, Helena, Lyons, Col
lins, Savannah, Columbia, 12:55 am
Richmond, Portsmouth |
and points east. 1
Arrive in Americus from / M
Richland, Columbus, At- 1 ‘”’"
lanta, Birmingham, Hurts- 2 :20 ami
boro, Montgomery and 1
points west and northwest 5:10 P
Close connections at Cordele foj
all points north and south. At Coj
lumbus for all points east, and J
Montgomery for New' Orleans, Mob'J
and all Texas points and the south*
west and northwest. B
Night trains have through
buffet sleepers and coaches betwee*
Savannah and Montgomery. B
For further information apply
H. P. Everett, Agt., Americus, Ga. ■
W. P. Scruggs, T. P. A., Savanna • ■
Chas. F. Stewart, A. G. P- A >
annah. ■
LOANS. I
Farm loans and loans on citj
real estate negotiated at
rates and on easy terms, B
G. R. ELLIS, Americus, &U
EAST TEXAS!
The Land of Treat PP .rtunU'*®
Wonderful Resources an d I
Amazing Possibilities ■
For Information a nd l- !teratU *
Add res» Secreta ry of u JK
COMMERCIAL CUJB
TYLER. TLX A
mCainp 202
Meets Ist and
day in eac 1 nail-
Odd Fellows,
visiting severe’? e<S
good standing
dia.lv .nVJtwD „j*|
A. C. K EILY, Councn «|
J. II BEARD, jClerk. H