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FEATURES OF
CURRENCY BILL
SYSTEM OF RESERVE BANKS
Measure To Be Introduced
in Congress Some
Time Soon.
Washington. D. C., June 20.
Congress turned its eyes away
from the tariff today and scruti
nized the administration’s cur
rency bill.
While the measure will not be
introduced in both houses until
next week the tentative draft
brought about informal discussion
generally by which President
Wilson and the democratic lead
ers hoped to develop complete
harmony when the bill is launch
ed.
While it has been known for
some time that framers of the
measure—Secretary McAdoo,
Senator Owen, Representative
Glass and the president—con
templated a system of twelve re
serve banks in districts whose
areas were not necessarily equal
geographically but followed the
lines of trade and domestic com
merce, interest centered today in
the powers of supervision to be
exercised by the federal reserve
board of nine members over the
reserve banks.
Principal features of the new
currency bill may be outlined as
follows:
1. Twelve regional federal re
serve banks.
2. Central control through a
federal board of nine members,
three chosen by the banks, three
members of the cabinet and three
appointed by the president and
confirmed by the senate.
3. Proposed new federal re
serve notes limited to $500,000,-
000.
4. Security for these notes may
be government, or state bonds,
or approved commercial paper.
5. National bank depositories
to be superseded by the federal
reserve banks.
6. Board of control given au
thority to fix rates of interest.
7. Headquarters of the federal
reserve board to be situated in
Washington.
8. Authority given to country
banks to lend money on farming
lands.
9. Provision for banks of
$1,000,000 or more of capital to
establish branch banks in foreign
countries.
His Mistress’s Voice.
As the following story, told in
the Spectator, will show, the use
of the telephone is not confined
to human beings.
A lady took her little brown
cocker-spaniel with her to call on
a friend who lived a mile or so
away. When she left, she quite
forgot the dog, and as soon as
her friend discovered him, she
did all she could to make him
leave, without success.
Some hours passed, and he was
still there. So she telephoned to
his mistress to let her know his
whereabouts. “Bring him to the
telephone,” said she. One of
the boys held him, while another
put the receiver to the dog’s ear.
Then his mistress whistled, and
called, “Come home at once,
Paddy!” Immediately he wrig
gled out of the boy’s arms, rush
ed to the door, barking to get
out, and shortly afterward ar
rived, panting, at home.
Bumper Crops in Georgia.
Valdosta, Ga.,June 21.- There
are bumper crops of cantaloupes
and watermelons, corn and oats
in South Georgia. There are al
so bumper crops of cucumbers,
Irish potatoes, and reports indi
cate that there are also bumper
crops of tomatoes.
Yesterday Mr. J. E. Webb
sent in three tomatoes which
weighed about five pounds. Many
of the vines are so full that they
have to be tied up.
JURY LIST.
-
Drawn To Serve at August
Term, 1913.
The following jurors have
been drawn to serve at the Au
gust Term of Montgomery Supe
rior Court:
GRAND JURORS.
D X Hughes \V G Futrill
W P Calhoun J C Flanders
J I) Taylor P II Phillips
S J Clark Geo. \V. Spivey
J. T. Moxley T C McArthur
YY r A Johnson J B Jones
L P Youngblood F M Mcßat
\V B Connell Win. Herndon
J II Davis W T McArthur
E F Al l mood Elijah Miller
G W Mclntyre E J Wells
W B Currie I) E Walker
YY' A Peterson YY' L Calhoun
Joel Davis J H Sharpe
I L Ladson J 1’ Johnson
TRA V E RSE . Jll RO RS.
YV N Clark. R A Page
C C McArthur, Jr. J F Daniels
Lester O’Neal YY' F McAllister
W B Ladson C C YVarnoc-k
John M Conner II C Davis
T J Conner T \Y' Morris
.Joe Minton Thomas Morris
A Jones J C Brooks
.James O’Brien S I) Morris
A L Hamilton T. L New
Glen J Thompson .J W Linder
A T Miller J D Reynolds
Lamar Holmes M H Mclntyre
YV J Peterson, Jr. C C Connei
C H Peterson II G YY'aid lav
John C Morris M D Davis
E G Smith Geo. T Johnson
G YV Blocker J E Rich
G V Mason M J Brantley
C II Calhoun \Y T H Smith
YV R Johnson A N Price
Clayton Gillis F L Morris
C A Soles W D Savage
C 1 Gillis 1» S Beaty
Test Yield of Irish Potatoes.
Waycross, Ga., June 19. —As a
test to find out what yield per
acre in Irish potatoes can be se
cured.on an average from farm
lands in this section experts have
measured the yield from one
fourth acre of a ten-acre potato
patch a few miles south of Wav
cross. Forty-five bushels were
taken from the quarter acre,
making an average yield pet
acre of 180 bushels. This is con
sidered unusually good for this
part of the state and a little above
the Irish potato yield.
The Other Things.
President Wilson is credited by
Everybody’s Magazine with the
story of a boy athlete who did
not place languages, mathe
matics, and history very high in
his scale of important things.
His aunt said to him the other
day:
“I am delighted to hear of
your success on the school base
ball-team, Harold: but you must
remember that there are other
things in life besides baseball.”
“Yes, aunt, I know,” said the
boy, “but, hang it all, I’m afraid
I’m too light for football or row
ing.
Monkey Born in Tifton.
The statement was made re
cently that there are only two
native born monkeys in the Unit
ed States. This is not correct
for there are two in Tifton, They
are brothers or sisters and there
is only thirteen month’s differ
ence in their ages.
Patsy, the female of a pair of
fine monkeys owned by E. It.
Walker of the Walker House,
gave birth tea bouncing baby in
May, 1912. Friday night another
little one arrived in Patsy’s fam
ily. Both monkeys are fine,
healthy specimens and give prom
ise of attaining their growth as
quickly as if they were on Afri
can soil.
A sight of Patsy holding her
baby upright on the crook of her
left arm with its arm thrown ov
er her shoulders, so closely re
sembles a human mother and
child that it almost inclines one
to the Darwinian theory.—Val
dosta Times.
THE MONTGOMERY MONITOR— THURSDAY, JUNE 26, 1013.
Immigration And
Cost Os Living.
| Under the caption ‘ The Cost
[of Living,” the June number of
; Cotton (Atlanta) presents an in
teresting article by William I.
King, instructor in political econ
omy at the University of Wis
consin. After discussing the
different phases of this broad
subject, the author sums up his
conclusions as follows: “The
remedy then is evident. If. we
wish the cost of living to go on
decreasing and general prosperity
to keep on increasing as in the
past century, we must limit our
population so that we shall gain
by invention and skill and not
merely remain stationary, or
worse yet. lose out in the race.
With immigration shut out and
the existing low American birth
rate, we may anticipate a p >pula
tion soon becoming nearly station
ary and a continued advance in
the welfare of the masses of the
American people. Without re
strictions on the inflow of new
comers from over the sea, we
can hope for nothing better than
to see the American people slow
ly but surely reduced to an
economic plane little, if any high
er, than that of France or Ger
many. The question of the cost
of living then resolves itself into
a study of the ways and means
of making our population conform
to the supply of produces turned
out by our industries each year.
The future well-being of the na
tion must depend largely upon
our immigration policy during the
next quarter of a century. The
preservation of our high standard
demands prompt action. With
immigration continued in any
thing like the present propor
tions, and the resulting rapid
growth of population, the cost of
living will continue indefinitely a
burning issue in every cam
paign.”
Decrease in Meat Supply.
There has been a gradual de
crease during recent years in the
meat supply of tiiis country.
From all sources we hear of a
shortage in the supply of beef,
mutton and other cattle. A bul
letin just issued by the depart
ment of agriculture indicates a
decline of 13 per pent, last year
in the number of beef cattle
slaughtered under supervision of
the United States meat inspec
tion service. In the past six
years the number of animals in
stock farms and on ranges has
decreased 30 per cent. The out
look for making good the short
age by increased domestic pro
duction does r.ot seem very
bright, and inevitably we will
have to draw on foreign sources.
Tne imports of beef cattle from
Canada last year amounted to
325,717 head, an increase of 25
per cent, over the previous year,
and the total was but little more
than the number received at
Denver, the tenth in rank of our
most important interior markets.
The imports were not large
enough to materially affect prices,
even assuming that Canadian
cattle raised would sell to us for
less than ruling quotations. The
situation calls for the encourage
ment of imports rather than the
reverse, and the Senate’s action
is putting cattle on the free list
is a move in the right direction.
—Albany Herald.
A Distant Prospect.
Tho tourist traveling in the
western part of Ireland was try
ing to have some fun at the ex
| pense of a native of the country,
j The result of his attempt is told
in the Sketch.
“You have a very fine view
| from here, rny friend,” said the
tourist.
“Aye,” replied the guide, “we
can sometimes see a long way.”
“Ah, I suppose you can see
America when it’s clear?”
“Farther than that,” replied
the guide, without a smile.
“What?”
“Yes; if you will just wait a
while, you’ll sec the moon.”
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A Note to You:
Jan. 23, 1913.
We have no regular delivery
wagon as yet. Within a few
years air ships will come into
general use, and many of our
patrons will have deliveries made'
from our place in this novel and
rapid manner.
In the mean time, should you
not live directly in touch with!
our drug store, many of your
purchases can be forwarded by j
Uncle Sam’s new mail service— I
the Parcels Post —delivered right
at your door. That class of goods
commonly known as merchandise
will be forwarded atour expense,
free to your door, and we should
he glad to have our patrons take
advantage of this new and eco
nomical method of shopping.
P. S. School books cannot he
forwarded at the Parcels Post
rates. i
Mt. Vernon Drug
Company.
FARM
MACHINERY
If you want Host
IVic.cs on Mowers,
Rakes, Disc Harrows,
Grain Drills, Buggies
and Wagons, see
D. S. Williamson,
Alston, Ga.
MONEY TO LEND
On FARMS and CITY PROPERTY
W<* arc loan agents for a company with unlimited money which we
can secure for you in a few days, on your property, both farm and
city, at from <> to 7 percent per annnm according to amount wanted.
Write us and we will call to see you; state amount wanted as
well as property offered as security.
Money can lx; had in a few days after application is made
and titles passed on. We lend fifty percent of the value of farms
and central city property and forty percent of resident property, in
electric light towns.
J. E. Smith, Jr., and Clark Grier
. Address for further particulars
CLARK GRIER, DUBLIN. GEORGIA
I W"% ETTER BE SAFE 1
| THAN SORRY! 1
If <■> <■> W'liiit does il profit a ifmn if jgf
H Ik* Iny up riches for himself, g
only to lose them through ■§
§5 (jj thievery, fire or the numerous 3
i risks that beset the “home jjg
hank” Our strong vault, our iS
® hurglnr and lire protection and g
the constant safeguards as- !»
forded our depositors give you g
absolute safety for yur money s
0 And you can always get it when you
0 want if. Why not be safe with no chances ;S
0 of being sorry? Open an account with us S
| TODAY! I
The Uvalda Bank |
«g UVALDA, GA. |
J. J. MUSKS, I*r<«ldint W. F. McALIJSTER, Cashier 55
Owl J. H. JONES, Jr., V.-l'r« Hii|i nt H. G. McALLISTER, A»»’t Cwihfter 55
