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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. THE TELEGRAPH IN ATLANTA. Th«t Telegraph can be found on tale at the following placet In Atlanta: The Picdment Hotel, the Kimba I House, the Aragon Hotel, the Terminal Station and by the World Ncwe Company. Linotype For Sale. Model No. 1. two years old. two-lot- ter Mergenthaler LI notypo machine: in good order; 12,300, f.o.b. Macon. Ad dress The Telegraph. Macon, Ga. 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.