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TI1E »IACOX Daily TELEGRAPH: SUNDAY MORNING, DECEMBER 27, 190&
The Macon Telegraph
Publlahad (vary Morning by
TBE MACON TELEGRAPH PUB. CO.
452 Cherry Street, Macon, Ga.
C. R. Pendleton, President.
Dlriftore—C. B. Pendleton, W, T. An-
dertti* P. M. Gambrell, Macon; A. S.
Pendleton, Valdoata. Ga.; Louis Pendle
ton, fl^yn Athyn, Pa.
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FIGHT nitVAN NOW.
Our good friend and esteemed
contemporary, the Houston, Tex.,
Post, Bays nome of its Southern
contemporaries “are not exhibiting
tho proper strain of courtesy
to Mr. Uryan. They arc either
assuming that ho Intern]* to
ho a candidate in 11)12 or ridiculing
him for the purpose of preventing
hln candidacy. No one Is Justified
in assuming that Mr. Uryan wants
the nomination In 1912. Still less
Is ridicule warranted."
Continuing, tho Post says:
Mr. Brynn Is not seeking an
other nomination. lie has re
turned to hlM place In the ranks
to labor with other Democrats f°r
th* upbuilding of the party and
for the assertion of Democratic
* principles. The proper course for
Democratic newspapers to pursue
Is to co-operate with bint Ip the
great work which must Ik* carried
on for the next three years. leav
ing the question 0 f the candidate
to 1012. • • •
Those who Intimate thnt Mr.
BTyan Intends to be n perpetual
mini Ida to. not In the exportation
of winning, but merely to ad
vertise bis private business sim
ply perpetrate a libel upon him,
did Insult his friends, with the
result of creating discord where
harmony U needed.
Tin 1912, It will be time enough
for these newspapers to urge the
claims of other candidates and
they can do this without attacking
Mr. Uryan.
Good and nlmple Democrats, 1st ub
co operate with Mr. Uryan, a recep
tive candidate who is not seeking
the' nomination, along linos marked
out and advocated by him ns tho
recognised lender of Demorrnry for
the next four years. If, after that
the Democratic masses do not want
hint to be their candidate again, “It
will he tnno enough for these news
papers to urge their claims of other
ramDdntra without attacking Mr.
Bryan."
What a nice, easy lime our guile
less extemporary would give every
body.
But what would happen to the
"other candidate" who should dare
to show hla head In 1912 after the
carping out of this program? We
haw some recollection of the nasty
snarls the good and oven tempered
Mr. llryan emitted In the last cam
paign when any one was suggested
as competing with him for the Dem
ocratic bone which he had covered
wlih all his feet and body.
We beg to flatly disagree with our
contemporary on the methods to ho
pursued with Mr. Uryan by those
Democrats and Democratic newspa
pers that do not want to follow hun
for the fourth time to defeat, and
* ot consolation of be-
llevjttk That if a victory were possi
ble with him It would he fortunate
or desirable for Democracy.
Tho truth Is, an his whole course
shows, (hat Mr. Uryan la using anil
has u*od and proposes to continue to
use Democracy as an asset In his
private business, our good Houston
contemporary to the contrary not
withstanding. He discloses this pur
pose not only In his methods but
unconsciously In his utterances on
the subject. Here is what be said
In Philadelphia Wednesday when
tsked regarding his attitude toward
Ihe 1912 Democratic nomination:
**All I can *a> about 1912 la that
I hop** it will never I*** urmiary
for me to run f*>r office again. *|
prafsr to do my work as a private
citictn. When u-We*t wluthcr t
woutd refuse in advance over b«-
In# a candidate again. I havt *nnl
that 1 would net promise anyho«t>
not to be a candidate fur any
ORHS*
.*! "Ml sdd ana attar thing, and
that i« that I am atill in politics
and aspect la be far about twenty
ydtr* and I shall make it tan-
vemant ts be praaant whenever
and wherever a man er group af
mrn attsmpt to republican^ the
Democratic party. Hu im|I1|oii ftvo
hundred thousand votara «»f the
pmmnrary •n4orinl th# platform
adopted at Deitvrr. | am aati»it*d
n great majority of tboe* who
voted th# ticket honestly believed
In the gfctffornv o»»d I shall •*.
"t~row with th* id rather thin
wMh thaga who would attempt to
concilia to the appoint l«<’ rest* that
hgre detailed llw Pm* reu*
I prefer to do my work aa a pri
vate citizen," says Mr. Bryan fol
lowing hard on the expression of
the hope that It will not bo neces
sary for hrtn to run again. Here is
the direct declaration that In run
ning for the Presidency on the Dem
ocratic ticket he Is only carrying on
his “private" work. It is plain then
that In carrying on his private wrork
he l» also running for the Presi
dency on Democratic Hues, the
terms being obviounly convertible.
In other words, as Mr. Bryan con
fessed during the recent campaign,
he Is making a profession of poli
tics and when he 1h not actually run
ning for office follows it f<fr a live
lihood as other men do their avoca
tions as craftsmen and* merchants or
their professions ns lawyer* or phy
sicians.
Ills principal onset as an adver
tisement Is the quadrennially recur
ring Democratic nomination for tho
Presidency. This effectually keeps
him before the public for the Inter
formation In resppet to th* depart
ure of aliens. Secretary Straus sug
gests that all prevlona estimates of
the yearly net Increase of alien pop
ulation might reasonably be reduced
48 per cent. If tho overostlmate has
been as great as this, the United
States Is in no Immediate danger of
being Europeanized by Immigration.
Perhaps pessimistic seers and sa
vants will now revise their predic
tion that the disappearance of tne
'Anglo-Saxon' type from this repuo-
lic Is only a matter of 200 yeirs.
Certainly Secretary Straus* h ate-
ments tend to discredit their proph-
cies." ,
vcnlng four years aud makes his Rig
IS HE CONSISTENT?
Dr. Lyman Abbott, editor of the
Outlook, Is much disturbed over the
oncentratlon of wealth, seeing In It
a menace to liberty and fearing that
It will finally V*sult In the degrada
tion of the American people. It
says that this country’s most ae-
rlous and Immediate danger is not
that of reverting lo a monarchical
form of government, but of becom-
Chftutauquns go. Ho has thrived
and prospered on it and he proposes
to hold on to It—not for the next four
/ears only. Lord bless you, no-—for
twenty years to come. And he is
going to make it warm for anybody
who undertake
Democratic party on any lines but
plutocracy—a goverrAnont
nominally controlled by the people
but secretly engineered by the hired
agents of an oligarchy of the rich.
In a recent editorial Dr. Abbott
quoted Hamilton’s saying, “give a
man power over my subsistence and
organize the j be has power over the whole of ray
hose ho lays down. The hlx million
five hundred thousand voters who
supported (he Democratic platform
nd ticket are also his private as
set antfc he warns all would-be tres
passers to hands off. Anybody who
undertaken to tamper with them Is
here and now denounced as attempt
ing “to Ilopubllcnnlzo tho Demo
cratic party."
This from a man whose proudest
boast It was that ho was the father
of “Roosevelt's policies" and who
ould not run his campaign close
'Rough to the Republican copy until
Roosevelt shoved him oft; from tho
inan who let Gompern put his “Isms"
In the Democratic platform In ex
change for the labor vote and got
tho political heresy hut did not got
tho labor vote; from the man who
cheerfully allowed himself to bo
quoted ftt coddling tho negro voto
and sympathizing with tho Browns
ville murderers, hut who did not got
the negro vote; from the man whoso
platform was brond enough to let tn
everything that had a vote to offer
for recognition and who If he had tho
opportunity and attempted to run
the Government ns ho talks would
get It Into as bad a mess as Uoo.su-
volt leaves It In.
If Democratic lenders and news
papers propose to oppose Mr. Brynn
the time to do It la now. Fight him
now. If It Is a question of “rule or
ruin” lot him stand nut In tho row
he Is bent on assuming. He Is not
for the Presidency. Three trials is
'nough for any man who Is uot* in
satiable. Mr. llryan Is eloquent,
gifted and tireless, hut he Is not a
statesman. The two qualifications
ldoin combined tn the same
personality In their highest forms.
lieutenant the Nehraakau
would be valunhlu. As a leader he
la Impossible. A veteran In politics
he never won a kittle. And If ho
•ver should win one his followers
ould not have much confidence In
the destination tu which he might
lead tuem.
moral well-being," and added:
“At the "present time one small
body of nun control the anthra
cite real output, a second small
body the oil. a third small body
the meat, a fourth small body the
transportation, and there are not
wanting Indication* that a fifth
small body will noon exercise ft
prectf al control over our currency
medium of exchange. This Is a
condition of things perilously near
a control ov«t the people’s sub
sistence. against which Alexander
Hamilton warned his country
men."
It In remarkable that Dr. Abbott
should hold such views and yet sup
port the Republican party which
really represents an oligarchy of the
very rich, many of whom h§ye been
enabled to amass vast fortunes
through the favoritism of tho pro
tective tariff.
IMMIGRATION PROBLEM SOLVED
In view of the revelation made by
tho report of the Secretary of Com
merce that the net gain In popula
tion for tho United states from Im
migration for the year ended Sep
tember 20, 1908, was only 0,298,
It t* Interesting to recall that little
more than a year ago the country
was wrestling with the problem of
how to restrict Immigration for ftor
that the United States would be
overrun If the BJe continued to
come In unabated. The total num
ber of Immigrant* that came In for
the year under courlderatlon was
742,112, but lu the same period
717,814 Immigrants returned to tho
respective lands of their nativity.
How It would have been if the high
tariff, high 'financiering and trusts,
filtered by the Republican policies,
had not brought on a panic and hard
times tnd convinced the foreigners
that they stood a better chance for
a livelihood ut home than here we
cannot • say. But tho Roosevert
panic had the effect at least to dis
pose of this problem for us.
“It is well known,'* says the Bal
timore Sun, "that many of th# Im
migrants to the United States do not
become a permanent part of the
population. Every year there is an
exodus to the Old World- and In
time of industrial depression It Is
very large. Estimates of Increased
foreign-born population through the
Immigration of aliens are of little
value unless the annual emigration
of aliens from the United States h
ascertained. It sppsars that only in j
the last fear was the effort made
atsiemgUmttf iff ffeegff !•-[*
THE SOUTHERN POLICY OF THE
REPUBLICANS.
It Is said thnt the refusal of Mr.
Delnvnn Smith's newspaper, the
Indianapolis News, to support the
Republican ticket In Indtnnn was
responsible In large measure for
tho defeat of Mr. Roofievolt’s candi
date for Governor and the loss of a
United States Senator. This Is be
lieved to Ik? the reason why Mr.
Roosevelt chose to attack Mr. Pel-
nvnn Smith in person rather than
nnother of the hundred or so edi
tors whose newspapers printed the
current reports about the alleged
Panama canal "deal." It will be re
called that the President denounced
Mr. Smith before he devoted a large
part of his message to Congress to
the lulqutties of Mr. Pulitzer of tho
New York World.
It Is Interesting to note that the
thunder and lightning ‘ from tho
White House did not bring Mr. Del-
avail Smith to his knees or convert
him iiRo an ardent supporter of
My Policies. Ho Is evidently as
much of an undesirable citizen as
ever, for the Indianapolis News, dis
cussing Judge Tuft’s most repent
expressions In regard to the harm-
fulness of Southern solidarity,
says: *
•The Republican party has sines
tho wiw fla a policy Ignored the
iuntlimnt :*nd feeling of the edu
cated and * report y-ownIng class
of the South and has gone on
the theory that Federal patronage
was to ho used to build up the
Republican parly In the South-
held and used ns a reward for
’desertions' from the standard of
the Intelligent ctnase* and ns prlsA
for colored moo to emphasize that
t!».« Federal government, or rather
the Republican party, refused to
recognize any sentiment or feeling
founded on the race question.”
Then, commenting on the re-ap-
potntment of Crum ns collector of
the port of Charleston, atnl telling
how a similar appointment of a ne
gro nt Indianapolis was quickly
withdrawn when public sentiment
In that city had been given emphatic
expression at Washington, the News
continues:
“So offices at the South have
been u*M by the nations! Repub
lican party. a* President Roosevelt
u*et this office, tthv ('harlestoti
, cotta torship) to force on the peo
ple there colored men hecr.u*e
they i,re colored. Now the first
step toward a better understand
ing with the Houth. which Mr.
Taft mv* It will be his anient
ambition to irunote. must be an
ending »f thnt policy, Let the
South be treated In Federal p*•
tionsgc as the West and North
are an l n<»t as It was treat* d In
this Charleston case, for Instance,
and we shall soon *«*# a different
feeling and * different attitude.
Any one. It seems to u« approach
ing this probem with kin.Itv feel-
lug and even a rudiment art Wnowl-
edge of human nature could soon
bring shout a condition In the
Mouth as to the meaning and
attitude of null nai Republicanism
t »h srd It th*? c ould, m time-
alios»«i for «rewth make an end
of ibis •problem.’ ■
Ing a negro as'collector of the port
of Charleston over the protest of
the Charleston people, but presumes
to suggest a wiser course than the
one followed by the Republican par
ty from Grant to Roosevelt. We
may add that this wiser policy would
not of itself break the solid South,
because the South hi - Democratic
from conviction as well as solid from
necessity, but It would be much ap
preciated In this section and would
Inaugurate an era of 'genuine good
feeling.
HERO OF MILA BAY
?1 YEARS OLD TODAY
AGED SEA FIGHTER RECEIVES
MANY LETTERS AND TEL£-~
GRAM8 OF CONGRATULA
TIONS.
RETURN .OF STOLEN GOODS.
One of the high-handed acts of
Benjamin F. Butler—long known In !
the South aa “Beast" Butler—while
appearing In the role of unscrupu
lous military dictator In New Or
leans was to seize 1215,820 which
tho Confederate Government had
deposited In the Citizens’ Bank of
Louisiana. The deposit had been
made in Confederate paper money,
but Butler refused to accept pay
ment in the same and insisted on a
draft on New York in United States
money.
The money was later turned Info*
tho Fedeeral Treasury and Is still
there. Tho Confederate currency
proving worthless even before the
final collapse came, the New Orleans
hank was thus robbed of $215,820
of its own money, and yet for twen
ty-five* years It has appealed for re
payment in vain. Various Pre?r-
dents have admitted the merit of
the claim. No less than twenty-five
reports have been made by Senate
and House committees favoring re
paration. Favorable opinions were
given by Attorney-Generals. The
Senate no lew than five times passed
a bill providing for repayment, but
final action was prevented by the
stubborn opposition of Congressman
Mahon, of Pennsylvania.
The great Democratic gains m
Pennsylvania at the November elec
tion ^causing Mahon to lose his seat
and theobstacle being removed the
friends of the bill have now suc
ceeded In securing Its passugo
through both branches of Congress.
It is reasonably hoped that the Pres
ident will sign It and that thus Jus
tice will at last be done.
Mr. Mahon, of Pennsylvania, has
well earned his defeat, but let us not
bo too hard on him. Ho probably
reasoned that if Sherman’s army
could burn country reetdenres, loot
cities and seize or destroy private
property right and left^-lafllcting
such damago to tho amount of ten
millions in Georgia alone, according
to Sherman’s own estimate—Ben
Butler had tho right to steal a pal
try two hundred thousand out of a
New Orleans bank.
Automobile and Carriage Industry.
Th»-cxportntlnn of automobile* nnd
parts from tho United States for th»* fis
cal yrar ending Juno 30. inns', amountod
to $5,277,847. against $5,5Q2,?41 the pre
vious twfefvo months. An otTlohil of the
American Motor Cat Manufacturers’ As
sociation slates that- r,2.000 motor <
with a value of $105,000,000. were .....
«lii(etl In this country tu tho calendar
ve»r 19fi*. compared with sales of only
$S.000,000 In 1003. The turn-out this
V»ar wilt ho about tho sumo as In 1907.
Tot next year's production will possible
rcMfli 75.000 cm*. Tho same official
odds that. In addition to those vehicles,
for tho past fixe or six years a mllllnr
buggies have been made and sold l>j
American builders annually. The oxpor
tatlon of carriages, buggies and wagon:
amounted to $4,680,764 for the year end
log June 30, 1908. against $1,217,377 for
the previous fiscal year.
ey. aanurai oi me inuea mates uuvj wm
famous throughout the.wo *d us the hero
of Manila Bay today’readied tho 7J.it
milestone In his Journey throug.i life,
letters and telegrum* of congratulation
are pouring in upon die aged s*a fighter.
Mrs. Dewey has been exhibiting to
friends a little diary begun by the ad
miral over ten years ago. In this the e
is his own account of t.,e battle of Manila
Bay. It is an follows:
. His Story of Battle.
“Sunday. May 1.—Readied Manila at
daylight and immediately engaged the
Spanish ships und bn aeries ut Cavite.
Destroyed eighty Including
i esplto his extreme age Admiral Dew
ey's general health remains good, and on
I ls birthday he has taken occasion to
give some good advice to young men
achieve lasting health and
Will
haf
Advice to Young Men.
“Young men who want to maintain
good health to the end of a long life,*' h°
tald, “should live out of doors all they
can and take plenty of exercise. I have
practically lived out of doors all my life.
* ‘ * i. I rode horse-
of-doors activity Is the chief reason for
to do so much work. Such
r an active mentality, Is as
ting or sleeping. An active
lewey a Poor Man.
hero of Manila Bny Is a
'•But I cheerfully confess that
t everything In life," lie
If I could live my HU
aid ask only for good health
lie opportunities to do the
1
nd hi i
is a happy domestic life.
nt most blessed. I am not
ambitious for wealth, but I
many other ways. That
Internal Vaccination.
From the Saturday Review.
The head nnd front of the offend
ing of ordinary vaccination lies In the
fact that It Introduces a living dis
ease germ Into the blood and tissues
of the patient It Is not a dead germ
or a modified poison. Now homeo
paths have a method of preparing the
virus of any disease by graduated at
tenuation, which robe It of all Us vi
tally dangerous powers nnd converts-
them Into curative or protective pow
ers. During the last epidemic of
smallpox In London hundreds o f ho
meopaths were “Internally vaccinated”
In this way. In thfc state of Iowa
thl* form of vaccination I* practiced
and is accepted as valid by school
and state authorities.
Be Up to Date or Fail.
A physician tells me that fie goes
through hls medical library every year
and throws out a lot of books which
have become useless to him because
the now, the up-to*-date. the more pro
gressive. are pushing out the old.
We all know that some of the scien
tific books published are useless a year
after they appear in print. There
never was a time In the hlstorf of the
world when the new In every line of
endeavor crowded out the old as It
does today.
If you examine your business thor
oughly you will probably find old-fogy
methods, obsolete Ideas, nnd cumber
some ways of doing things; a lot of
red-tape In your methods.
Remember that nothing else Is Im
proving faster than business methods
If you are keeping books as they were
kept n quarter of a century ago. If you
are using the same business system,
you will find thit you are way behind
the times.—Success Magazine.
Target Practice Under S*a.
The second submarine fiotnia.e.'nslxtlng
of ttxo Octopus, Tarantula. Viper nnd
Cuttlefish, under conunund of Lieut.
Chns. K. Courtney, has been smashing
turpet records from 20 to Ra feet under
the s-n In (lardiners liny. Tho new peri
scopes have been used to excellent ad
vantage by the helmsmen. m**| the now
additions. It Is raid, have advanced the
value of submarine* largely.
Under the sea the submarines have
Itcen firing the Whitehead torpedoes nt
from 1.000 to 1,500 yards* distance against
targets made of Woven nets about 0 r > f- et
l-ng. The submarines were run nt full
speed. When the submarines 1*eonmn at
tached to Commander Mn**sh*s training
squadron more extensive drills, with l oth
nhrht nnd dnv attack*, will tie held.—New
port Dispatch to New York Times.
* A Confession.
There Is a department In the American
Magazine which grows more nnd more
Interesting every month. It Is culled
“The Pilgrim's Scrip.” and It Is made up
of letters, comments nnd confession*
renders of the magazine. Really
rrtttoi* In verse In the January number:
Tbits d*»«H
iir struts*
Mr. IMavan ffmltk nfft
Uy of appoint*
the Preacher
An* so we stood the talkin’
For shelter from the storm.
Thev sang of Uod an' angels
An* things I stopped belle tin*
An’ Reav’n's eternal Joy,
When 1 was yet a boy;
They spoke of good and evil
•An* offered livin' grave— '
An’ some showed love for mankind
A-shlain* in the fnce.
But some their graft was worktn*
Th’ m*»i e a* me an’ you.
But most was urgin’ on us
What they believed was truo.
We sank an’ dozen, an* listened.
But only feared, us men.
The hour when, servtco over.
We’*l have to mooch again
And walk the by pivcmcnts.
An* breast the snowstorm gray.
Till the saloons were opened
An* then* was hints of day;
- whe nthsy railed out. “Hlnner.
Won’t you
But tn mg face was pallor
And In my heart was shame—
An' so forgive me. Jesus.
For mockin' of Thv name;
For I was raid an’ hungry—
l he\ gave me gruh an* bed
All*
I kn
Ah* •* L rgtvs me. Jesus.
the U* I Ue4.
German Increase In Population.
Vice Consul Burrell writes from Madge-
burg tlint the population of Germany at
the middle of tho present year, as Just
published In the Statlstisches Jahrbueh
filer «lux Deutsche Belch amounted to S3,-
917,000, In comparison with 02,007.000
the middle of 1?07 aftd 61.177.000 in the
middle of 1906. The Increase for each
of the last years was estimated nt 920.000
people. At ttie last census. December 1,
1905, tho population of tho empire
•mounted to 60.641,278, so that from that
Into an Increase In round numbers of 2,
375,000 has taken place. In 1S98 the
population In round numbers stood nt
54.406,000; in the Inst ten years there
lias been an Incrense of about 8.160.
people, or 15.8 per cent, tn th© year 1S88
the population was estimated at 48.168.000
In the year 187S nt 44.l29.fMM. In the
year 18*1 there were 40.997.000 people
counted, mi that now the population since
the founding of the present empire shows
an increase of 22.000.000. or more than
53 per coat. The population of the terri
tory now embraced In the German em
pire hus doubled since IS38.
Fairy Stories for Russian Children.
The soar of Russia has ever had
warm spot in his heart for the fairy sto
ries that were told him by his old nurse.
And hls own mother (with the skill
acquired when a child In the royal nur
sery of Denmark), was wont to draw lit
tle piettirea to Illustrate his favorite
tales. Indeed, what are fairy stories
without pictures to the heart of a child!
It Is little wonder, then, that hls chil
dren should have become the Inheritors
of his own love far tlietr skazki. Foi
them he had a selivtlnn made Into i
beautiful hook, illuminated In water col
or by one of Russia** most remarkable
original artists. Ivan A. Bilibina, who.
bettor than any other Russian artlsL lias
claim to being the Illustrator paramount
of Russian folk-tales, since hls art
grasp* every subtlety of the story-tel
ler's theme, and any grotesqueness tn
conception Is tern perm! by that sense of
mystic spirituality that serves best to
Into*pret the skazkn'* intention. We
might Imagine thnt the ’’fierce Russian”
we have always pictured to ourselves
would fill hi* skazkn with terrifying
thing*, but even that note, which I* so
common with the French artist* of Bre-
Norman, and Ple-irdlne folk-tale*.
Th© Unemolaysd In Orest Britain.
The number **f unemployed In Great
Britain Is ©*rerdl!»"»- Mrgg, sceoiding
to various reports, and the governMent
I* mu* h perplex* I * vee relief measures.
The Manchester Our-dtan says:
“How many met* and women are un
employed U not known. Mr Kelr. Mar-
DOMINATING FACTOR
IS
STOCK8 FEEL INTENSIFIED CONDI
TION—STRINGE Y FEARED IN
CALL MONEY.
Jon in loans and resumption of gold
ports naturally caused reaction in the
stock market. 'ihe money market Is
ugain the dominating tactor, and any
luitfter mt«i*smcaJon of the above con
ditions would of course act adversely on
stocks. T ime money is plentiful at 3 Jia4
per cent, and seems likely to ho continue
lor some time ahead. Mercantile re-
lulrementa should increase us trade Im
proves and large demands upon the
money market seem probable from new
secu.lty Issues, l.ut the fu*uro of time
money for .the next six months Is gen
erally regarded with complacency.
onth. however, call money
should be normal once more.
Bank Reserves Shrink.
The big shrinkage in hank reserves,
government withdrawals.
inspires u cautionary
specially
as we should be facing a deficit In re
ives had not loans undergone a sharp
ntraction of over $30,000,000 In the last
v.m. leu. Our surplus reserve has re
led fully $50,000,000 during the la--t
< <• or four months; so that there by
en a heavv contraction of lending abili-
on part of the bank*, which must
ve materially restrained speculative ac-
ities. and no doubt largely explains the
..cent declines. There Is still n noticea
ble and commendable spirit of conserva
tism among bankers, which while no!
discouraging healthy speculation turns n
deaf ear to nil questionable enterprises
nnd “got-r!ch-qu!ck schemes.” It Is
many years since banking was conducted
on such sound and conservative lines ns
at present, and the results will unques
tionably be beneficial. %
Gold Exports.
Gold exports were not Important, ^but
they Invite attention to
exports of incrchun-
onty $1Q1.000.000.
disc in November '
$104,000.*
ir. Both exports ana imports were
allest In any November for several
... lira, reflecting not only dullness at
home, but also abroad. The excess of
merchandise exports for. the month was
only $57,000,000. which was much less
than usual nnd which In connection with
the selling of American securities would
suggest further gold shipments were It
not for January remittances and fairly
lihi-ral takings «»r our new bond Issues. In
eleven months of the fiscal year our ex
ports have fallen $152,000,000. while our
imports showed the tremendous shrink
age of $326,000,000. leaving an excess of
exports for that period $559,000,000. com
pared with $395,000,000 n year agr. Such
were the effects of the panic upon our
foreign trade. Our sale* abroad were
curtailed much less than our purchases.
tendency which of course served to
strengthen our condition financially.
Bonds In Demand.
A good demand for bonds is one of the
most satisfactory features. Investors
seem inclined to discriminate against
stocks, because of their high, level and
because there tire numerous good bonds
to lie had at about a 4 per cent level.
Stocks hove had n fair decline since the
rise following the election, but not suffi
cient to tempt the conservative Investor,
who Is more anxious to keep hls capital
Intact than to secure large dividend re
turns. Tills cautiousness on tho part of
tho Investor Is conspicuous and Is one of
the after effects; of tho panic. *'-There Is
plenty of capital awaiting good Invest
ments. but no over-confidence In seeking
its employment. January disbursements
e*l Interest payments, due chiefly to new
bond Issues by the railroads.
Railroad-Situation Improves.
Tho railroad situation Is gradually Im
proving. Earnings are beginning to make
favorable comparisons with the panic
period of last year, and In rplto of idle
cars, many of which no doubt should be
In the scrap heap, tho volume of traffic
Is almost up td thnt of 1906; so with bet
ter rates and economical operation the
railroad outlook for 1909 is quite satis
factory. This fact has no doubt much
to do with the confldei
tiio recent decline with some satisfaction,
as It tends to encourage activity. The
technical situation has unquestionably
been Improve*! by recent 'developments.
rarlly unsettle the stock market.
Tariff on Steel.
The market shows surprising resistance
to tariff reduction talk. The steel tariff
Is of course the main paint of dlscusrion.
and Mr. Carnegie’s frank statements will
considered the keystone of the protective
arch. And yet United States Steel secu
rities. which are scattered among 110.000
stockholders, showed no greater declines
than other active shares, nnd fell less
than l point on the *2ay of Mr. Carnegie’s
most daring statement?. Evidently, as
stated In these advice
tariff
VlsiOi
harmful t-> business interests: because
the tariff Is In the hands of Its friends,
our Industries are In better position to
meet a cut than ever In our history, nnd
there are many line* of manufacture that
would be positively stimulated by lower
duties. The worst that can happen Is
uncertainty and delay, which compli
cate calculations entering Into the future.
If any depression comes ns the result of
tariff agitation It will he mainly front
thl* source; hence it behooves congress
to give the country prompt and equita
ble revision.
The year draws to a close with ft hope
ful hut sober spirit pervading all business
circles. Conditions, though In happy
contrast with a year ago. ore not entirely
satisfactory. Trade Is often quiet and
recovery alow, hut the outlook for 1909 is
encouraging, for the situation Is sound
confidence Is growing and our nature
resources are unimpaired
HENRY CLEWS.
■olteagu*
le* lit*
r. $lr HI
•rnmeat
figure |<
••loo.
Philosophy of Forgetfulntss.
From the New York Mail.
“Forget It” Is the maxim of the
German emperor nnd the governor of
New York. "For a thousand hitter
hours to consolh oneself with one that
Is beautiful.'' is the way William puts
It. Charles uses similar language,
with the game of golf as hls text
“What Is more delightful.” he ex
claims. “than the memory of one Ion*
drive and the forgetfulness of a thou
sand foozles!” Which I* pwf enofgt*
of what Mr. Hughe* protested In the
campaign, that he was no enemy of
German Ideas.
HARNESS
$14.03 Harness at $10.00
$15.00 Harness at .... .$10.75
$17.00 Harness at $12.75
$20.00 Harness at ..... .$15.00
These extraordinary prices for a
little while. W'.olejudf prices at re
tail. Order a set, and If' you ’don't
l.'ke them send them back. . Sent C,
O. D. with privilege of examination.
J. W. SNOW
MACON, CA.
ARCHITECTS.
CURRAN R. ELLIS
ARCHITECT .
Office Phone 239. Kcwldenoe Phono 2819.
Offices—Ellis Bldg
Cherry St and CottCu Ave.
MACON, 9A.
FRANK R. HAPP,
Architect.
Office: Rooms 22 and Fourth Na-
oi «i danw Building.
Telephone—Rea. 632; Office 990.
ALEXANDER BLAIR,
Architect.
Office Pnone 71.
673 CHERRY ST.'
CHARLES A. CALDWELL,
Civil Engineer.
WASHINGTON BLOCK. Room 19-1«.
Water supply, water power, sewer
age and municipal engineering. Re
ports. plans, specifications,
P. E. DENNIS. Architect.
Rooms 703-4-5-tf American National
Bank Bldg. Phone 982; Residence
rflonc 2747.
CARLYLE NISBET,
Architect.
Office Phone 459.
Grand Bldg.
Residence 641.
Macon. Ca.
CONTRACTING AND BUILDING.
W W. DeHAVEN.
General Contractor and Builder*
Residence phone 696.
PROFESSIONAL CARDS
Classified advertisements under this
head are Intended strictly for the pro
fessions, ,M| .......
OCULIST AND AURIST.
DR. J. H. SHORTER,
Eye, Ear, Nose and Throat
•The Grand” Bldg., next to Court House.
Phones: Office. 972; residence. 950.
EYE, EAR, NOSE, THROAT.
DR. FRANKtl. CUNNINGHAM,
Eye, Ear, Nose, Throat. Grand Bldg.
PHYSICIANS AND SURGEONS.
DR. MARY E. McKAY.
Grand Building,.*- • «•*»••
Phones: Office, 2554; Residence. 14C5.
DR. W. H. WHIPPLE, ,...
12 to 1 and 5 to 6 p. m. Telephone con
nections at office and residence.
DR. J. J. SUBKR5,
Permanently local
ties venereal. Lot. r .
Female Irregularities and poison oak;
cure guaranteed. Address In confidence,
with stamp. 510 Fourth at. ; Macon, ga., T
DENTISTRY.
854 Second at,. Phone 955.
ATTORNEYS AT LAW.
BANKRUPT SALE.
Under and by virtue of an order made
by the Honorable Alexander Proudflt, ref-
publlc auction at the store recently <
runtal bv Sam Karctitz, at Montlceiio,
Tuesday, the 29tli day of
A Remarkable Timber Tract.
Nine million fret of standing timber on
one 40-sire tract In western Callum coun
tv Is the record disclosed t>jr a rraise just
filed with the rounty authorities. This
remarkable tract of timber land Is a part
of a quarter section Included tn the hold-
Inge of ttic corporations repres nt#d by
th- J. D Latey Company, of Chl.«r> and
New Orleans. The trait contains, ae.
cording to Ihe owners’ figttree turned in
tu the county for s'seaemmit puri*' e*
l.&il.i*! feet of fir, f##l
for cash, the stock of qigrchandlea. anil 1
fixtures of said bankrupt. Said salu shall
he subject to confirmation Jjy.tlio court.
The highest bidder will be- required to
deposit with tho trustee ten per rent
of hls hid. which shall he returned with
out deduction If the sale Is not confirm
ed. Said property will be sold freed from
all llt-ns thereon which shall attach to the
proceeds thereof.
This December 19. 1903.
M. C. GOOLSBY. Trustee.
GEORGIA RAILROAD.
Arrival Depirti
No. a.m.Noi a.m
71. dally 11:1*172. dally 6:4
pm.70. dally.. »:*i
tl. Bun. only.. 8:11' P-TO
15. d'ly ex. Bun. 4:80(82. dally 4 *
71. dally loTfll *
W. W. HARDWICK.
nd 1M.4
•rlbx
feel • f fit
10 MltlO f’teHntr
Southern BttUway Schedules.
•Hewing »n. .rrlv.1 «ntf d.g.rtvr. of
pa'ttn,.r tram, at Muon, Ga., fer Infer.
— hi only. I ‘
,.»W-
n. m l N.
i II Jeekennvllle. |.Wft*
It CTudniwtl... MMli Ctnrlnmtl.. 1.01
: 7 Lumber City. *?*' T Allenla... .Ml
I IS Brawwiek... •%]! Brunm.lrb..!;fC
i in Aflnnt*. .. » i'll AII.nL. ... »*•
l« Al'.nn UMH f.iiml-r Illy f '■«
Tho Telegraph Bush c** Of-
IW, Ar >2 Chi n y sti m. Kdito-
, rial Room* upstair*, next door.
J.