Macon daily telegraph. (Macon, Ga.) 1905-1926, December 21, 1908, Image 3

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Macon daily telegraph., December 21, 1908, Image 3

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Newspaper Page TextTHE •MACON' DAILY TELEGRAPH: Visit McEvoy’s Xmas Store ALL THE GOOD THINGS FOR XMAS PRESENTS FINEST ASSORTMENT OF BOOKS Wo bay© ever shown. Something suitable for everyone. ' „ Everything nice, from little Rag Books up. Fine line of Gift Books. WE ARE ESPECIALLY STRONG ON PICTURES • Elegant line, from 25c to $25.00. Lots of new, pretty and attractive Pictures. Everything that’s good. A LOOK THROUGH Will show liundfeds of suitable things for Christmas presents. i DOLLS, TOYS, GAMES— Specially attractive line D oils and goods for the little J. ones. Everything out for your inspection. McEvoy’s 572 Cherry St. Business Men’s Meeting The Fourth National Bank—a business institution, rest ing upon the soundest business principles, guided by tried and proven business men, and patronized by the tnost con servative business firms. " v Bank “Facts”—not Theories—facts backed by sound judgment. It’s from such a standpoint we solicit your account. Fourth National Bank MACON, GA. SVONDAI MORNING, DECEMBER 21, 1908 X WANT INCREASE IN JUDGES’ PAY Resolutions Memorializing Congress to Give Larger Salaries to United States Judges Adopted by Oar Association. At a meeting of the Macon Bar Asso ciation resolutions petitioning congress to increase the salaries of UlS Judges of the United states district and circuit courts were unanimously adopted. The feature of tho meeting was the consideration of rules changing the con duct of business In both the city and su perior courts. These changes were sug gested by a special comm 1 tee. and will be submitted to the presiding Judges. It *s likely that they will eventually be dopted. The resolutions memorializing congress •*e as follows: Whereas, we understand there is a movement on foot looking to an Increase Whereas, we recognize the fact that tho work of these Judges has very large ly increased of late years on account of the very marked and large Increase In the litigation which has arisen in their courts, and. commensurate with the service rendered to the nature and character and groat Importance of the public service per formed by them; an increase In their salaries, and ' gross and our senators, tho bill already introduced In congress, orovldlng for ati Increase-of said salaries, and call upon them to endorse the same by voting therefor. Resolved further, that we Invite attention of every bar association throughout the state to this matter, and urge them to endorse the same by adopt ing resolutions favorable thereto, and call upon our congressmen and senators to f ive to the bill now pending in congress heir favorable consideration by voting therefor. Resolved further, that we wish to go upon record in this connection as favor ing increase in the salaries of our state court Judges, trial and appellate, and recommend to our legislature an Inves tigation of this subject, and we urge them to give It a favorable consideration by the pnssage of an act providing for a reasonable, fair, and Just increase in “ salaries of our hard-worked, and as believe, under-paid, state judges. Resolved further, that a copy of these resolutions bo sent by the secretary to the representatives in congross from this, and also to our senators., and to the “ GAGER’S WHITE LIME” Is a little higher in price than other Limes, but .it is PURE LIME, and by far tho best and most economical for Brick Worfofmd Plastering. . . * .. r , Cheap Lime is dear at any price! Write us-for Delivered Prices. Carolina Portland Cement Go. Southern Distributors. Charleston, S. 0; CHRISTMAS CEMENTS THE BONDS. Of good fellowship and kindly feeling. Our cement will in sure a share of yours toward us. Like all our building ma terials our cements ere the host we can get. If you ex pect to do any building or im proving have us furnish the materials. Quick deliveries for those in a hurry. WILLINGHAM SASH & DOOR CO., 457 Third St., MACON, GA. An Electric Evening Lamp Is one of the host Xmas gifts imaginable. Make some one’s heart glad by providing this comfort and luxury. It is con venient to read by, to sew by, or for tile children to study by. Think it over. We have various styles to select from. Macon Railway & Light Co. Xmas Gifts That Will Be Appreciated Tour present •hould po5.ru quality, beauty am] at tha aame tlma ba aerrlceable. We have a line of goods which possess both. Our stock la complete In variety, style and usefulness. Maks your aslse- tlon now while the stock la unbroken. W W Williams Co. 1 I I I I 1 H I I ) I I I 1 1 11 I I !■ 1111 l-l■ H-H-l' l-l I I I I 11 11 III Attend the Auction Sales of Animal Rugs and other rare articles, at G. Bemd Co., comer Fourth and Cherry Sts., Tues day, 22nd inst., 10 a. m. LOME GROWERS TO MEET WEDNESDAY PLEDGES WILL BE MADE TO MR. FLEMING OF THE GEORGIA FRUIT EXCHANGE. ATLANTA, Ga. f Dec. 20—Fully 800 cars of peaches were pledged to tho Georgia Fruit Exchange last week, which constitutes tho most successful week tho organization has yet on Joyed. Among those who pledged their sh'.p- ments were Samuel H. Humph, nnd Murph ft 'Baldwin, of Marshallvillc, two of the largest growers of the state. Mr. Humph is the pioneer peach man of the state. It was he who originated tho Elherta peach, nam ing it for his wife, nnd tnadc for him self a national reputation. Murph ft Baldwin own immense orchards in tho Marshallvillc territory. At Marshallvillc shipment pledges -were secured aggregating 168 curs, which, with 13!» heretofore secured, gives the exchange 303 cars out of total shipments from thut point In 1908 of 351 cars. At Montezuma 80 per cent of tho shipments were pledged and at Fort Valley something more than 500 addi tional cars were secured. Friday - and Saturday wero spent by Mr. Fleming In the Adalrsvllle terri tory nnd at Calhoun, and. when his re port if completed. It will show even a larger number of pledges. Owing to the approach of the holi days. only two meetings will bo held the coming week. The first will be at Molena on Tuesday, and tho other nt Loralne. near Macon, on Wednesday. These meetings will bn under the pervlslon of, Mr. Fleming. According to reports made to tho exchange, the outlopk. so far as tho condition of the trees and the r her of buds |s concerned. 1s good for a fine yield of peaches next season. It Is too earlv, of course, to forecast next season’s yield, but the conditions now are better than for most years at this season. OF WAS JUSTIFIABLE DEPUTIES JOE WILSON AND WAL TER BYRD FULLY EXONERATE ED £pR SHOOTING LEWIS REEVES. Deputy Sheriffs Joe Wilson and Wal ter iByrd were exonerated by a coro ner's Jury yesterday- morning for the killing of Lewis Reeves Saturday morning. The death of tho negro was termed “Justifiable homicide” and the Jury wa* unanimous in Its opinion that the shooting was done in self defense. Tho negro died at the hospital at a late hour Saturday night. While both officers regret that they were instrumental In the taking of hu man life, they feel that they were thor oughly Justified under the clrcum stances. It appeared to be cither their lives or his and they acted according ly. Reeves resisted the officers’ ef fort to enter his house and thereby en abled Jim Turner, the negro who was wanted, to escape. He attacked roth men with an axe and had thrown Dep uty Wilson to the floor and Deputy Byrd fired. The other officer then shot and the two wounds thus produc ed were sufficient to cause death. Special Prices Mondsy, Tuesday, Wednesday and Thursdoy. We will allow 10 per cent discount for cash all Framed Pictures; large and bet tlful assortment. Come early. W. Williams Art Co., 107 Cdtton avc. O^istmas Spirit Is On and now it is a matter of what shall I get for the many friends and members of the family. If you come to see us we think you can surely find numbers of. things which will appeal to you. Tailor Suits Dolls, Dolls ■ The prices have dropped far below the real values. $7.50 and $10.0(1 for one lot of Suits which were formerly priced for $15.00 to $27.50. $15.00 for choice of a collection which sold from $20.00 to $35.00. $19.00 for a more choice collection which sold from $27.50 to $37.50.; Top Coats $10.00 for an assortment of tnns, browns, reds, etc. which sold from $25.00 to $35.00. ONE-FOURTH OFF on our stock of Long Cloaks, in Suitings, Kerseys and Broadcloths, which sell from $5.00 to-$40.00. FURS in sets or in separate pieces. They come in Scarfs, Ascots, Capes and Muffs—round or pillow shapes —made from Lynx, Fox, Seal, Marten and Opossum. All prices from $1.00 to $50.00. SMALL WARES, such as Laces, Ribbons, Hose, Gloves, Handkerchiefs, Stocks, Collars, Scarfs, Belts, Buckles, Pins, Combs, Brushes, Small Jewelry, Ties, Sus penders, Mufflers, fancy China. Cut Glass, Feather Boas, Centerpieces, Cretonne Bags and Work Baskets—Fancy Articles, etc. OPEN UNTIL 9 O’CLOCK Every night until Christmas,, for the convenience of the late shoppers. Come in. All kinds of Dolls—dressed to represent babies, children nnd grown people, made with kid bodies, bisque heads, feet and hands, jointed Dolls, composition bodies, also big lot of Rag Dolls. Pricccs from 15c to $15.00. Housefurnishings TABLE SETS—Cloths and Napkins to match, $7.50 to $25.00. 1 TABLE DAMASK—( (ream or bleached, 50c to $2.50. NAPKINS—To match Cloths, or separately, 50c to $7.50. . HUOK TOWELS—Hemmed, Fringed or .Scalloped, 10c to $1.00. BATH TOWELS—Full size, bleached, hemmed, 10c to 75c. WHITE SPREADS—Satin, Crochet or Marseilles, 89c to $8.50. DOWN COMFORTS—Sattecn or Silk covered, $5.00 to $16.50. COTTON COMFORTS—Soft, fluffy Si'lcolino or Sat- teen covered, $1.00 to $4.00. BLANKETS—White, gray, red and plaids, beauti ful assortment—$1.00 to $15.00. FOUR DAYS LEFT For you to do your Christmas shopping. Como in today, do ns much as you can. INDICATIONS POINT TO HIGHER MONEY HENRY CLEWS STATES ALL CON DITIONS SUGGEST HARDEN ING OF RATES. NEW YORK, Dec. 20—The long threatened Investigation of Wall street by a commission appointed by tho gov ernor Is about to become a furt. Wall street should meet the committee more than half way, because the deeper tho investigation of the affairs of tho street the more it will redound to tho credit of the great majority of banking and brokerage houses. There Is an erroneous idea in tho minds of many well meaning people that Wull street Is a den of Iniquity and a few of the failures that have occurred during the last two years may have lent koiiio col or to this Impression, A fair Investi gation will prove clearly that tho sips of few black sheep should not be visited on the heads of tho Innocent and hon orable, who are In the overwhelming majority. It Is a good thing that tho investigation is to be made by an au thorized committee appointed by tho governor instead of ono appointed by tho legislature. I for ono will wel come tho inquiry, ns I know the result of tho probing will uncover good rath er than evil and be of benefit In rais ing public opinion concerning Wall street and the Now York Stock Ex change, Gov. Hughes’ Action Tlmsly. Governor Hughes was not only wise In his selection of men, but also as to the time chosen for action. By bring ing up the Investigation before tho opening of the legislature lie tak»‘S the question out of the hands of political demagogues, who , would doubtless eAUse much disturbance by appcnls to popular prejudice and ignorance. For this he shouM r»*ceivo the thanks of all sane and Intelligent men. Tho In vestigation will not only tend towards the stoppage of certain abuses whtdh do exist, but will also tend to what Is more important, the creation of a sound and strong public opinion that will unrelentingly frown down such practices nnd scandals as were large ly responsible for the late panic. Our regulation* regarding tho Issue of so curltles are too loose; our corporation laws are too loose, and some <of our banking methods are probnbly too loose. By all means let us have re form In these respects, for it will benefit the country at large and Wall street in particular. Outside Operator Now Wary. It seems impossible to infuse any genuine or continuous activity into the stock market Just now. Spasmodic attempts to lift prices to a stiiJ high er level and spectacular manipulation of low priced specialties fail to stimu late public interest. Tho old theory that the public will climb after stocks when they have had a big advance no longer works. Just why the public will not come along in Ita usual phil anthropic fashion and relieve tho big leaders of their superfluous stocks, it does not tell; but thara la only ono Inference, and that is the public knows better. In these days the outside oper. atop is a much morn wary Individual than he used to bo. Experience has proved a costly but thorough teacher, and tha Individual now dapendg pMMl It** upon tips and gossip and more upon his own Judgment nnd tho guid ance of his broker than formerly, lie may of course err at times; hut this Is a healthy tendency and ono that will In the long run he nioro profitable than blindly following tho leadership of thoso who simply desire to east upon him their surplus bur dens. Security Prices Exorbitant. This wariness of the public, which Is really an Important element in the situation. Is not the only reason for present unsteadiness. Hecurlty prices urn undoubtedly too high when meas ured by customary standards. As re peatedly stated In thoso ndvlees. cheap money has boen tho most powerful sin gle Influence in the remarkable recov ery of 1908. When tall money ro- mnlned 1n2 per cent and less, divi dend paying stocks appeared particu larly cheap. The accumulation of Idle money following a panic Ims always been a powerful stimulant for recovery nnd this year cheap money had moro 1'ftlng power than In previous panics bccauso of Its larger supply und tho fact that the panic hud less serious effects than usual In industrial and mercantilo pursuits. If It bo conceded that ehenp money was the main cause of the rise, It fol lows that the maintenance of that rise largely depends upon the contin uance of cheap money. It Is Just here that tho stock market allows It# weakest point. All Indications sug gest a slow but sun* hardening of money rates. The stiffening which usually accompanies preparations for January disbursements Is of course only temporary 'nnd should disappear by the middle of next month. But there are other and more permanent will be the new demands for capital. Ir the first eleven months of this year the new security Issues were esti mated nt about $1,500,000,000. against $1,200,000,000 tho same time last year. Of this totol two-thirds, roughly speaking, were railroad Issues. Railroads Need More Money. During the next few months stfll larger applications may’bo expected, because the necessities of the rail roads aro far from satisfied, nnd it must be remembered that financial operations were very seriously do ff red by the panic. Now that confi dence Is being restored, such negotia tions will of course be resumed. This means both a material Increase In tho supply of securities and higher rates of Interest; conditions which it Is needless to point out are not favora ble to still hlgherk prices. Tho future of tho money market, however, will bo affected by additional considerations. A larger mercantile demand for funds is sure to develop next year With the Improvement In business, end Ahls demand must Inevitably bo met. Again, the reserves of the associated banks are showing almost sensational decline*; gold exports have been re- sumed and may be expected to con tinue, because In the absence of a sufficient supply of grain and cotton bills we must send gold to fill the de ficiency. We cannot expect to ship securities to any great extent nt these prices, since Europe has been selling Americans and bluntly telling us we are on too high a plane. Hence, with Increasing demands for money, dis appearing bank reserve* and pros- pcctlve gold exports It follows that money rates must work gradually : higher. On tha side of higher prices we have the resource* and the abilities of tbo strongest leaders tho "airaai” Central of Georgia Railway Co. Savannah, Augusta Covington snd Eatonton Eatonton and Mllledgovllle. DEPART FOR— 8avannah and Augusta...— .* 1:3Bam Savannah, Augusta Covington and Eatonton... .*11:Mam Eatonton and Mllledg/>vllle...t 6;00pm Athens and Madison * 7:40am Athens and Madison • 4:50pm Atlanta, Cincinnati .....•'3:00am Atlanta (Dixie Flyor) • 3:45nm Atlanta and Griffin Atlanta and Qriffln * 4:30am Atlanta and Qriffln • 7:20am Atlanta and Clnolnnatl * 1:36pm Atlanta and Qriffln 4:40pm Albany and Montnomery • 3:00am Atlanta, Chicago. 6t. Louis. .*12:09am •12:50am • 2:02am •11:20am * 3:45pm Atlanta and Cincinnati Atlanta and Qriffln Atlanta and Cincinnati Atlanta and Qriffln Birmingham and Columbus. Birmingham and Columbus. Montgomery and Albany.... ' '/:3 mm Albany and Montgomsry... .•11:40am Americus • 7:45pm •DAILY. fEXCEPT SUNDAY. Current schedules corrected to date. District Passenger Agent. 603 Montgomery and Albany Americua ' JOHN W. BLOUNT, has over seen. They still have plenty of slockH for Hale, nnd nrcrH<<-k|ng rellof through bringing In the public. About tho only advantage on tholr side Is tho proHporous outlook for rallroadM In 1909. Tha future In this respect Is undeniably bright. All tho roads have put Important economies Into effect, und with tho advances In rates already or about to be enforced they uro sure of llbcrul gain* In. not earnings whether tho volume of traf fic goes back to 1907 records or not. Thin policy of course Insures the maintenance of dividends and Is tho source of all Increuso rumors. Tho fact, ulso, that tho public attitude to wards railroads 1* becoming more n a Norm bio hus u favorable ef fect upon valueH. Here, how ever, tho list of sound bull argu ment* ends. Tho fart remains that the market Is nbovo It* natural level; especially when measured by the final text of Interest rate*. It Is quite within tho power of the present lend ers to manipulate prices still higher, though a healthier and more effectual policy would be to permit a reasona ble decline. This would stlmulato ac tivity, attract new buyer*, broaden tho market and mako a more successful distribution of congealed holdings possible. A* said In previous ad vice*. the market has been bulled to a standstill. The movement for months has been all In ono direction; nnd no permanently successful operations wero evef carried out on such lines. The market require* frequent to-ond- fro movements, which would secure a much healthier and moro legitimate distribution of stocks. Under present highly artificial conditions both In vestors und speculator* mu*» operate with exceptional discrimination; or later on they will find themselves carrying high priced stock* on a de clining market. HENRY CLEWS. The Telegraph Business Of fice, 452 Cherry street. Edito rial Rooms upstairs, next door. GEOROIA, Bibb County.—To the Supe rior Court of said County: The petition of N. J. Ethridge, C. C. Poor both of said state snd county, snd J. II. Waterman, of Duval Cvunty, state of Florida, respectfully shows: First. That they desire for themselves, their associates and aucoascrs. to be In corporated and made a body politic the name and stylo of Kthr Company for the period t‘ Second. The principal corporation shall t>«* In th dgo. Foe of nty. but petitioi In the said state, or el*ewhere. whenever tho holder* of a majority of tho stock la so determine. Third. The object of said corporation hoiJcr* l,,nry BMln l ° unU 8l0c,c " Fourth. Tho hiifllness to lie carried on by said corporation In that of managing anil conducting a general hotel business In all tho liranche* thereof, whether for Itself or n* ag< nt for others, and to deal In hotel supplies of every kind or na ture. Said corporation further wishes to bo Ini powered to do a general hotel broker age business nml to liffy nnd sell, nnd have and to hold, hotel property of every kind or nature and to do u general real estate business, should It desire so to do. nnd to Imy und sell notes or other evi dences of Indebtedness. Fifth. Tin* capital stock of said cor poration shall be *21.000. with the priv ilege of Increasing the same to the sum of $100,000 by a majority vote of tha stockholders, snld stock to bo divided Into shares of one hundred ($100.00) dollars cneh. The entire amount of Mild capital stock has been actually paid In. Sixth. Petitioners desire the right to sue and Ik? sued, to plead and ho Im pleaded. to have and tue a common seal, to make all necessary by-laws and regu lations, nnd to do all other things that may he necessary for tho successful car rying on of said business. Including tha right to Imy, hold, and sell real estuto and personal property suitable to tho purposes of the corporation, and to exe cute notes nnd bonds as evidence of. In debtedness Incurred, or which may bo Incurred, In the conduct of tho affairs of tho corporation and to secure tho sumo by mortgage, security deed, or cith er form of lien, under existing laws." Seventh. They d<*slre for said corpora tion the |>ower und authority to apply fvr nnd accept amendments to Its charter ol either form or substance by a vote of a majority of Its stock outstanding at tho time. They also ask authority for said Incorporation to wind up It* affairs. liqui date and discontinue Us business at any time It may determine to do so by a vote of two-thirds of Us stock outstand ing nt the time. Eighth. They desire for the said cor poration the right of renewal when nnd a* provided by tho laws of Georgia, and that It have all other right*, powers, privilege* and Immunities as are Incident to dike colorations or permissible under the laws or Georgia. Wherefore, petitioners pray to he In corporated under the trnme and stylo aforesaid with the powers, privileges nnd Immunities herein set forth, and ns are now, or may hereafter be. allowed a corporation of similar character under the laws of Georgia GEORGIA, Bibb County.—I Robt. A. NIs bet, clerk of the superior i ourt «>f said county, do hereby certify that the foregoing ts a true and correct copy of the application for charter of El bridge, Poor ft Company as the uim< upprurs on lilo In this office. Wltnc.* my official /denature nnd (lie seal if snld court, this 2nd day of Deo m- ber. 190$, Hr.int ROBT. A. KI8BBT. Clerk Hupctlor Court, Bibb Count}. Oa.