The Grady County progress. (Cairo, Grady County, Ga.) 1910-19??, November 04, 1910, Image 7

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POSTAL BANKS STRIKES SNAG. Trouble Between Postotflee and , Treasury Departments. FIGHT ON CERTIFICATE PUN. Treasury Officials Think Pass Book Bystem Better—No Banks Before 1911 and Then Only Experimental Ones. Objections Raised to Hitchcock’s Ideas. It develops upon Investigation that most important features for the opera tion of the postal savings hank sys tem remain to he settled b.v the hoard of trustees. It probably trill not be before .lau. 1, 1911, that the govern ment will be ready to'give the system Us Oral trial In the limited number of secoud class otflees—one In each slate —where depositories are to tie estab lished for this trial. Owing to court let lug statements from .official quarters there has been some misunderstanding of the situation af fecting the starting of operations, it seems that, after all, the certificate of deposit scheme whlcta teas attracted , ho much attention has not been finally approved. While Secretary at the Treasury MaeVeagh is understood 'to favor the certificate of deposit plan of Postmas ter General Hitchcock’s conception If it be found feasible .after further in vestigation. subordina te‘Officials of tlte treasury department are bolding out for the old fashioned ipass book. At least they hold ttiat There are radical features of the new Idea which re quire careful consideration before the official formal stamp of approval is placed upou It. These 'treasury skep tics arc keeping the subject alive. . The principal objections raised to the •. certificate plan aii'e four in number. The points Involved are as to tile con sistency with The provisions of the postal bank law itself, the liability to loss of certificates iln cases where de positors become ipossessed of a large ■mother of them. The'tendency on the part of some of 'file .depositors to essh certificates evoa .when necessity does •'not--ooiuiaiu. it. .«v,h»g..,»«i-.un! ease of converting, limin'..int»'’u»ohey, and the Interest c<roqui't,iug complications which might deprive depositors of their just returns. To start 'With, the first ob jection'raised bjf :r.hc treasury, ex perts • is this: ' The law jMvw.ldes that no person shall have aw account at more titan one postoffice,' Unit mo 'person shall de posit more than $900 .torn single month and tbut be shall mot hare a rotat de posit. of more them $.'>00. It is argued that under the post-affine system as it stands at present itt would be hard to ■ keep' check on the iperson who sought to establish more than one account. He might buy a cortMcate at one office and later buy one at a nearby office. The second objection is that a de positor would In time accumulate a large bniicb of certificates of small denomination: souk* of Them he might carry around with him: losses would be frequent, and the making good of these losses through the Issuance of duplicates would he cumbersome. The most important, objection, it is declared, is the third on the list. It is pointed out that one of the mntn purposes of the postal savings banks Is to encourage thrift among the work lng classes, who ordinarily, do not pat ronize private banks. The case is cit ed of the man who carries some of ihe certificates In his pocket, where as pass hooks arc usually kept at (tome except when deposits are made, Many times, it is declared, a deposi tor would be tempted to drop In at the postofflee nfter working hours and cash one of his certificates for no oth er purpose perhaps than to buy cigars or drinks when be would not think of drawing out money If the conven ient equivalents were not burning holes In his pockets. Finally there Is the matter of inter- postodlce deportment it is declare that If i here Is unreasonable delay In putting the postal saving system In operation the fault will lie with the treasury officials, who waited until all the preliminary plans had been mapped out by tho committee desig nated by Postmaster General Hitch cock before showing any Interest On the other side It Is hinted that the postofflee department went ahead precipitately and that the treasury de partment wns not Invited to have n representative on the committee tbnt worked out the scheme of operations. NEW FACT ABOUT LINCOLN TOLD BY HIS BODYGUARD. Did Guard Leave His Post the Night Lincoln Was Shot? Colonel William H. Crook, who was Lincoln's bodyguard, brings up a new point regarding the president s assas sination in his recently published book of reminiscences. "Through Five Ad ministrations.” Colonel Crook writes: "1 nave orten wondered wDy the neg ligence of the guard who accompanied the president to the theater on the night of the 14th has never been di vulged. So far as I know, it was not even Investigated by the police de partment Yet hud he done his duty 1 believe President Lincoln would uot have been murdered by Booth. The mao was Jobu Parker. It was the custom for the guard • who accompa nied the president to-the theater to remain in the little passageway out side the box—that passageway through which Booth entered. Mr. Bucking ham, who was flic doorkeeper at Ford's theater, remembers that a chair was placed there for tile guard on that evening of rhe 14th. Whether Parker occupied it at ull I do not know. If he did fee left It almost immediately, for he confessed to me the next day that he went to a sent at the front of the first gallery so that lie could see the play. To tue it is very probable that the fact that there was no one on glint'd may have determined the time of the attack.” j GULLET SEAT OF HUNGER? Italian Scientist Thinks Cocaine ] Proves His Contention. | Whether the feeling of hunger has i Its seat in the stomuch and thirst In . the throuf Is a question that mom poo- • pie take for granted, but It has been | the subject of much scientific coutro- I versy. According to Or. Valenti, an | Italian physician, the sent of both bun- 1 ger aud thirst Is In the gullet. In the Arehlvi dl Rlologla he pub lishes an article dealing wilh an ex periment which he believes proves his contention. He found that a cocaine injection in the upper part of the ali mentary canal resulted In instant sup pression of the reeling of both hun ger and Mill's!. He tried li on a dog, which refused to eat or drink for live days, after which the drug had work ed Itself but. Savages, however, kuew long before Dr. Valenti that the chewing of coca leaves renders the gullet Insensible and kills any desire for food or drink. BRYAN AND HILL Yankee Soldier* Good 8av*re. Thrift on the part of United States- soldiers Is indicated in a steady in- crease In their savlngs^depoBlts. ADVERTISED AT IAST a. '<*. 'THERE was a merchant in oui * town Who was so Wondrous wise He saw hiB business running down, Yet weuld not advertise. ^AID he: “I cannot see the sense v When trade is at its worst Of multiplying my expense. I’ll wait till trade comes first.” A T last this merchant, ill advised, ** Had naught to do but fail, And then the sheriff advertiser A bankrupt auction sale. It you want the news when it is news, subreribe for this paper PELHAM & HAVANA R. R. GO. Time Table No. 2 Selling Out AT REDUCED PRICES I’m selling out my entire stock consisting of DRY GOODS, CLOTHING HATS and CAPS, and LADIES TRIMMED HATS. On account we have to vacate the premises. We also give you special inducements with every purchase of $10.00. We will give you a present. A handsome $3.00 clock. Don’t miss the opportunity to purchase in my store be- you go elsewhere. CORNER BROAD AND BRYAN STREETS I. SHAPIRO, Proprietor. Attention, Farmers. | ! I We have now a complete stock of Chattanooga and Golden's Cane Mills, Evaporators, Sugar Kettles, Galvenized and Black Iron Pan Bottoms, Grate Bars, and Furnace Fronts and Doors. Come in to see us when you want anything in the above lines and we are certain we can please you. We also have {usl vcceived a car Chattanooga One and Two-horse Plows and Repairs. Yours truly, Wight Hardware Co., 6airo, Georgia. Ewoh Accused the Other of Writing 1904 Platform. The late Ilarid Bennett Hill and W. ;!. Bryan possessed a high opinion breach other’s.mental abilities, accord ing to Congressman .lames T. Lloyd of the Democratic congressional commit toe. “At the Democratic national con veil tieo in St. Louis in 1904." said Mr. Lloyd.” *‘.\lr; Hill and' Mr. Bryan were on the committee on resolutions; the one representing the eastern conserva tives and the other the western ag- gresslves. Many of the biggest Demo crats in the nation were on that com mittee. “The committee worked all after noon and all night over a platform, each wing of the party fighting every inch of the way. The following morn ing when the committee adjourned Mr. Hill was met outside the committee room. “•Have you agreed on a platform?' he was asked. “‘We have.' said the senator. “ ’Who wrote It? *’ ’Bryan.’ “At the same time some one else stopped Mr. Bryan, who also said the committee was ready to report. “•Who wrote the platform?’ he was asked. “•Dave Hill.' he replied. 'And I tell you,’ Mr. Bryan went on. 'that Hill is one of the strongest men men tally i have ever met.’ ” MORE FOREIGN STUDENTS. College One American Agricultural Has Sixteen. Sixteen students, representing six foreign countries, hare enrolled this ! year In the College of Agriculture of • the University of Wisconsin. The lar gest delegations are from China, Mex ico and South America. Jose Leguia. the Bon of the president | of Peru. South America, is enrolled In | the College of Agriculture and after est The existing scheme provides for , completing the four year course will the issuance of. .certificates of various j return to his native land to take charge denomination, troth one dollar up. tho j of his large estate. Another distin- smaller being convertible'into one of guished member of the foreign colony the larger denomination. But. It is Is Vladimir V. Zuamenski, who has pointed out, each certificate shows its j been sent to Wisconsin university with own accrued interest. When several a special commission front tbe ftus- of small denomination were exchanged for one of larger denomination tbe in terest would date only from tbe issu ance of the latter. A fifty dollar cer tificate, for Instance, it is stated by way of example, could not very well be marked to show Just how long in terest bad run on each dollar or five dollars of the aggregate. Then, again, tbe depositor with a $.10 or $100 or $600 certificate, if he wished to draw only part of his deposit, must take out a new certificate, thus losing back interest on. the balance. That there is a good deal of feeling between officials of tbe postoffice and treasury departments respectively over the situation cannot he denied. At the slan government to specialize in horti culture. South Africa is represented by two men, C. J. K. Sehrnte of Pretoria and M. J. H.'Trew of Johannesburg, who are entered lu the four year course. B. H. Pa lit Is the one representative of India. HIs home Is In Calcutta. Seven Chinese students have enrolled and are under advisory direction of the Chinese ambassador at Washington. They are T. S. Kuo. M. Y. Loo. C. O. Pan. T. Y. Tang, K. S. Woo. H. W. Koh and Y. H. Tseng. Mexico Is represented by Jesus de la It. Fueute of Matadores and F. M. Cardenas of Saltillo. Kin* t ve Saturday. October 1st, 1B10,12:01, A. M Between CAIRO AND CALVARY Sauth loanS let «I..bb Passenger Sun. Only Daily PMjAM 3 00|7 00 2 15 3 12 7 3 27 7 3 34 7 34 3 44 7 44 3 50 7 49 4 00 8 122 27 2 003 PM 15 27 42 59 3 05 15 STATIONS 2clo Central Stand ard Time ‘ Ar9 Lv Cairo Gradyville Cranford PBooth . Reno' rMaxwell Ar Calvary Lvg Worth Bound AM _ 60 9 38 9 21 13 8 OG 6C 50 4 let Clans Papaenirer Daily PM 5 15 5 4 48 4 38 4 81 4 21 16 q I am strictly in the market for Sun Only PM 5 15 5 03 4 48 4 38 4 31 4 21 4 15 f Trains stop on signal. Thr Piiooiess tKe official; or gan arid leading paper Of Grady. DON’T KNOCK > both in bale and in the seed. Will pay highest cash price for same. J. J. COPPAGE, Cairo, G KSMr Come Right In and tee our sample* of timely print* ■hop things—wt4t» We will Gin long staple cotton on Tuesday’s and Friday's. Bring it in. Coppage & Carr. A ■SHOE 1 Wanted at Once Three or four nice 2 to 4-horse farms from 3 to 4 miles of Cairo. Price must be right. WE HAVE THE CASH. Smith & Coppage, Cairo, Ga. VARIOUS STYLES G-LEATHERS SOUTHLAND BELLE TffBMOe CFjQt/AUry? FARM LOANS Promptly negotiated at reasonable rate of inter est. Now is the time to arrange for your fall needs. Call on or write R. c. BELL, Cairo, Ga. WALTER L. WIGHT. J. S. WEATHERS. Wight & Weathers CAIRO. GA. 1 " ; v > - • • * • . . If you wish to buy or^sell Real Estate in Grady county, we are prepared to serve vou. The Demand for Did you say printing? Well, we do all kinds. in this section is on the increase all the time. Now is the time to buy or sell your real estate. See us for farm or tim ber lands. Wight & Weathers Cairo, Ga. Office in Court House.