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THE HERALD.
Publighed Every Thursday,
SUBSCRIPTION PRICE, §1 A YIAR
IN ADVANCE.
Advertising Rates Reasonabie
Official Organ Chariton County and
the Town of Folkston,
W, W. TYLER, Proprietor.
Bntered at the postofice #t Folketon,
Ga, as Second Class Matter.
-—— e o '
The American people spend $60,000,-
900 annually for chewing gum. No
wonder, comments the Chicago Rec
ord-Herald, there is a wad stuck to
the bottom of nearly every chair in
the land.
Somebody writes to the Tribune,
observes the New Yord World, that
the scenery around the new prison
site on the Hudson is too good for
convicts, But since when were pris
oners sent up the river for the out
look?
The common fly is more (lzmg(;rous
than the tiger or the cobra, admonish
€s the New York Times, Worse than
that, he is as bad as the mosquito,
Hereafter we must take no half meas
ures with flies. The theory that they
are here for some good purpose must
be overlooked. Kill the flies,
The duke of Manchester's father-in
law makes it a positive condition of
paying that nobleman’s debts that the
ducal expenditures shall be reformed
and retrenched, which ¢auses his grace
the duge to indulge in doubts whether
the duke to indulge in doubts whether
of a father-in-law, avers the Pittsburg
Digpateh.
It is reported to the Milwankee Wis
congin, that the white pine weevil is
at work in Wiscondin forests, to the
great detriment of the trees, It feeds
upon the new terminal shoots, and by
killing them causes a tree to send out
many branches, converting it into a
shade tree, and gpoiling it for commer
clal purposes. The Bureau of Ento
mology is formulating directions for
sthe fighting of the dangerous bug.
Meantime it will not be surprising if
dealers take advantage of the report
to mark up the price of lumber a fdw
-mare ‘cent per M, N
It has been a question among cyni
cal gociologists, declares the Philadel
phia Record, whether women ever
reach the age of discretion, but in New
York it appears that .a woman at
taing that period when she is about
seventy-five years old—if, of course,
ghe has spent her life in acquiring
knowledge. A woman of that age,
who has been deserted by her sixth
husband, the others have died on her
hands, is not inconsolable, for she
says: “I'm tired of the men. I want
no more hushands, I have had enough.”
But as she took her last one only a
year and a half ago, she was a long
time learning when to stop,
B *
When the Roman mother, having
been shown the ornaments of a friend,
was agked to exhibit her own, she pre
sented her children and said: “There
are my ornaments.” The care which
history tells she was at that time be
stowing on their education was her
warrant for the confidence she had
in their character then, and her hope
for their future, insists the New York
World, When one of the great men
of the world once said: *“lt is the
pious wish of all fathers to see what
they }hemselves have missed realized
in their sons,” he expressed the sen
timent, the hope of whose fulfilment,
in the case es every father and moth
er, must lead ‘them to keep politics
out of the school,
1t will not be particularly consoling
to the patriotic Frenchman to reflect
that the birth rate in other countries
is not what it used to be, because the
~statisties show that even if there has
been some decline the birth rate in
every other European country greatly
outstrips France, and the contrast is
greatest of all in France's immediate
~ neighbor and former rival, contenas
“the New Orleaus Picayune. A little
more than a generation ago France
and Germany had practically about the
same strength of population, whereas
at the present time Germany has 623
000,000 compared to France's 39,000,
000. The birth rate in Germany is so
~ much larger than in France that the
- yearly net increase in the former coun
~ try exceeds the total number of births
in the latter. :
;¥ee e o -
i ‘:"%;133? best way to get money, as-well
o 8 the slowest, is to work for it
; ;
State Treasury Grows
\
r Force ‘
\
| I
e
} TREASURER PARK'S REPORT
SHOWS LAW AS TO BANK EX- l
AMINATIONS 158 WHOLLY
INADEQUATE.
Insurance of Deposits Recommended.
Neal Bank Failure and Other
Matters Discuesed.
The annual report of State Treasu
rer R. B, Park, placed in the hands |
of Governor Smith, Wednesday, is a‘
document of peculiar interest, particu
larly at this time when the state treas- 1
ury department is much in the public |
eye. |
Treasurer Park's report deals with
many important and interesting sub-
Jects, but ig of particular interest in
showing the development of the de
partment during more than a century,
and bringing out the fact that in spite
of the vast increase in its labors with
in that period, it has the same office
force ags when it was organized back
in 1789. |
After dealing vyith the treasury stat
us on December 31, 1907, and showing
that the state’s bonded debt has been ‘
decreased by the continued application
of the sinking fund of SIOO,OOO annual
ly to the present figure, $7,131,500,
Captain Park plunges into a discus
sion of the work done in the treasury.
“In 1789, during General Washing
ton’s presidency,” says Captain Park,
“the finances of Georgia were under
the management of a treasurer and
one assistant,” and the came practical
ly continues true today. Also they are
pald the same salaries that pertained
to the office in 1789, “The constitution
of Georgia forbids an increass of the
help and salaries in thig office, but the
legislature has not seen fit to diminigh
the constant inerease of work and ad
ded care and responsibility.”
Before the war the tax collectors
made settlements with the state once‘
a year; now 146 tax collectors make
remittances every month. The treas
ury department now has, put upon it
by the constitution of 1877, accounts
with 146 county’ school (superinten
dents and sixty local school systems;
also with forty-six oil inspectors, Be
fore 1877 there were twenty-three |
judges to be settled with; now there!
are séventy judges, stenoglaphers and l
solicitor-general calling for money once
a month and some times oftener. ']‘he‘
elvil establishment has grown se\'eral'
hundred per cent since 1877 both ln',
numbers and salaries. Before ]S77|
there were few specific taxes: now
specific taxes are put on everything
able to stand it, all of which requires
extra bookkeeping. Until a cnmpara-i
tively recent date the state had no pen- |
sfon accounts, not it takes the entim‘
time of the treasurer and his assis
tant for several weeks each year to
pay pensions,
Not a Dollar Lost.
Captain Park has continued the
same system oi bookkeeping which he
found in the treasury upon entering it; i
he commends its simplicity and accu
racy., In this counection he says:
“During the eight years that I have
occupied my position, I am gratified to
say that not one dollar has been lost
by the state. The books have been
repeatedly inspected by expert examin- |
ers appointed by the president of the i
senate and the speaker of the house, |
and two years ago a special commit- |
tee made a visit and special investiga- I
tion by order of the general assembly |
and they made no suggestion or rec-!
ommendations as to changes and found |
no fault with the department.” |
Among other duties now put upon{
the treasury he enumerates the \'astf
amount of correspondence avemgingi
7,000 letters a year, the exchanging of
coupon for registered bonds, keeping
accounts with ninety-one state deposi
tories, as compared with thirty-nine in
1800, the keeping of deposits of gudran
tee bonds made by mere than one hun
dred insurance companies doing bus
iness in the state, and the keeping of
acoounts with the lessees of felony
convicts, There is further the rapidly
increasing correspondence and keeping
of accounts with the state departments
in the capitol and with growing and in
creasing state institutions each of
which has its special appropriation.
Salaries Remain Small,
In this connection Captain Park
says:
“My small salary is $2,000 per an
oum, the same as was paid over a hal?
century ago, and that of my assistant
of $1,600, with the largely increased
responsibilit®as, duties and labors, as
‘compared with the salaries allowed
to the treasury departments of other
states, is painfully absurd and ridicu
lous and unworthy of a general and
.appreciative state.”
He expresses gratification that the
- governor has stated on more than one
occasion that the state treasurer
“should have three accomplished book
keepers at salaries of $2,600, $2,000 and
$1,500 respectively,” and 1 fully agree
with you, and wish the legislature
would see it in the same light, I could
refer you to certain states which have
an income of less than our annual in
come of nearly five millions of dollars,
which allow to the treasury department
salaries all the way from $15,000 to
$45,000 per annum, Thirty-six hun
dred dollars is the total amount that
the constitution of Georgia allows to
the troasury department of this state,
Captain Park refers with pardon
able pride to the fact that under his
administration, temporary loans have
been secured for the state at the low
est rate of interest ever before known
—two per cent. 3
Growth of State Banks.
Discussing the rapid increase in
stant banks and state banking capital
since he took charge of the treasur
er's office, Captain Park points out that
they have kept pace with the rapid
advance and growth of the state in all
lines of industrial and commercial en
terprise. There has been an increase
of 220 per cent in the number of state
banks within the last eight years.
Captain Park then discusses the du
ties of his office as state bank ex
aminer under the old and the new
laws.. Under the old law with a sin
gle assistant, these were examined
191 of the 448 state banks in the first
eight months of 1907. Then the new
law, passed at the last session of the
general assembly, went into effect.
This new law provided for an adciitional
number of assistant bank examiners,
as many as might be needed to ex
mine each bank twice a year. But
the legislature cut down the bro rata
asgsessments which the banks had al
ready agreed to levy upon themselves
to pay the expenses of these examina
tions, to such an extent as to make
the employment of the necessary capa
ble examiners a matter of impossibil
ity.
New Law Inadequate.
In addition to the reports of bank
examinations the law requires four
published statements per annum of the
condition of each bank, which makes
a total of 2,688 bank reports sent to
the state bank examiner eaeh year for
hig inspection and review.
Clearing House Certificates.
Speaking of the issue of $1,835,000
clearing house certificates by the
élearing house banks of Atlanta, Cap
tain Park tells for the first time of a
me‘etlng at the governor’'s mansion,
called to consider his refusal to aceept
clearing house certificates as state de
posits, which meeting was followed by
a letter to the Atlanta Clearing House
association, in whieh the state treas
urer set forth his position, and said
the only condition on which cleawfn
house certificates would be accepted
as state deposits was that the bank
receiving them would give credit for
them as though they were legal ten
der money, “and putting them to the |
credit of the state on the basis of fc
tual money against which the state
can check.”
Concluding this subject he says:
“It will be noted that the clearing
house certificates were endorsed by
the banks above named, including the l
Neal bank. No doubt all of these
banks, in dealing with a matter of so |
much moment and importance, and|
carrying with it such enormous finan
cial respousibility, very carefully looks
ed into and considered the condition
of the Neal bank before becoming
cosecurity with them iu the endorse
ment.”
- Deposits Should be Insured,
Captain Park is a firm believer in
the feature of insurance of deposits.
Discussing the subject, he ‘says in
part: }
“This is a novel subject, but recent
events make_ its discussion pertinent
and appropriate. llf Georgia should Dhe
gin a system of insurance on deposits
it would be wisely taking the lead in
reform, which all honest people will
concede to be desirable. Our great
commonwealth should enact a fair and
Just law which would be of rare value
to the state, to its banks and to itg cit
izens who are depositors.”
More Atlanta Depositories.
The state treasurer recommends an
increase in the number of state depo
sitories in Atlanta because of the emer
gency created when the bulk of the
taxes come in about December 20th.
With only two depositories here he
says it isénecessary at this time of the
year to make deposits in both of them
in excess of the SIOO,OOO bond given
by each, On December 20th, the day
before the failure of the Neal, the
state' treasurer deposited in the Fourth
National bank over $92,000 received as
taxes from the Southern railway. On
the same day he deposited in the Neal
bank $71,652 These were only tem
porary deposits. There was not a de
pository in Georgia which could have
received these large checks that day
without going way over the amount
of its bond to the state Continuing
Captain Park. says:
“Both banks were under a SIOO,OOO
‘bond each, but volume 1, paragraph 989
' of the code, gave me authority to make
temporary deposits for a period of ten
days, over and above amount of the
bond.. There was no depository in
Georgia that day that could have re.
celved these large checks for taxes,
unless it had done so over. the amount
its bond specifies. 1 had been check-
ing on these banks heavily every day,
and continued checking out that day,
and mailed amounts to $35,441.40, but
on the 21st, twenty-four hours after
these deposits, the Neal bank failed,
an event of deepest regret to me. Yet,
I knew, under the law, that the money
I had deposited was the state’s and the
state had a prior lien and was a pre
ferred creditor, because the money was
contributed 4% taxes by the people for
the support of the state. These checks
were, of course returned. to me and
new ones substituted.”
In the same connection the state
treasurer urges legislative action look-
Ing to an increased office force in the
treasury department with special ref
erence to keeping accounts between
the state and its depositories,
Neal Bank Failure,
As to the Neal Bank failure Captain
Park says, in part:
“The second failure, viz.. of the
Neal bank of Atlanta, resulted largely
from promotiong of both foreign and
local enterprises or syndicate opera
tions and was precipitated by an un
looked-for panic and a ‘run’ These
}‘i‘uns' are accompunied by a spirit of
frenzy and the most solvent banks
are endangered, sometimes ruined, by
them. The year 1907 has been the
most trying and anxious in the entire
hlstory of Georgia banks. They have
suffered a most severe and constant
strain. i
“Fhe advantage of our new ‘banking
bureau,’” which went into operation
September Ist, was plainly shown, and
I have had many letters and verbal
statements approving it. It is believed
that at least $150,000 will be saved
from the assets of the bank by acting
promptly under section 14 of the new
law. As state bank examiner, author
ized by this section, I took immediate
charge, and in three days, with the
advice of the governor and attorney
general and at the request of the At
lanta Clearing House association and
the officers of the failing bank, the
I\'e"ll bank was placed in the hands of
a great banking corporation to act
as receiver, under a low contract, half
the rate granted by the law and a most
reasonable order of the judge.”
Publicity Essential,
Treasurer Park considers publicity
the greatest safeguard of the prosper
ity of a bank and says that all state
banks should be managed by full
boards of directors and not by one
or two men. Many banks entrust their
entire business to a cashier, and give
no attention to the business. This is
wrong. Boards of directors-should be
required to meet regularly, and to keep
a close watch on the affairs of the
bank in all departments. : |
Important Changes Needed.
In concluding his report, Captain
Park makes the following recommen
dations:
“I recommend that all banks be re
quired to pay- up the full amount of
their authorized ecapital. .
“That no banks be allowed to lend
money on their own capital stock. It
adds to their liabilities and diminishes
their assets. i
“The compensation of receivers of
failed banks should be decreased from
its present wording, and cnly two and
a half per cent be allowed both ways,
for receiving and paying out.
“In future no banks should be or
ganized with a less capital than $25,
000, fully paid up in cash, and not in
notes, X
“The receiver should be permitted
to pay out to depositors and creditors
before the expiration of six months,
under. order of court, '
“The recent law should be carefully
revised and amended. It is inconsis
tent in several particulars, There are
some contradictions and some allu
sions or references to sections or sub
jects which are not to be found
W s bl 0l
BREWER IS FOR INJUNCTION.
Justice of United States Supreme Court
Declares it a Wise Provision.
Justice Brewer, of the supreme court
of the United States, in an address
at Baltimore, said in regard to the
growing sentiment against what has
been called “government by injunc
tion.”
“So far from removing or restricting
this power, there never was a time
when its unrestricted and vigorous ex
lercise was worth more to the nation
and for the best interests of all. To
take away the power of restraining
wrong is a step backward toward bar
barism, rather than forward toward a
higher civilization.
"'—_-—-———-_———“
- BOLD DAYLIGHT ROBBERY.
Show Window of Jewelry Store Smashed
ma ana Costly Diamonds Stolen. -
A $15,000 robbery in broad daylight
in the heart of New Orleans was per
pettated Wednesday afternoon at the
jewelry establishment of M. Waldhorn
& C 0.,, on Conti street,
Two men drove up in front of the
store in a buggy. One of them alight
ed and smashed one of the large plate
glass windows in the front of the
store. He quickly seized two trays
filled with diamonds, and jumping back
into the buggy, was driven off. A
large crowd started in pursuit, but men,
buggy and horse -were soon lost to
sight.
Georgia Briefs
Items of State Interest Culled
From Random Sources.
Austrians Highly Satisfied.
An erroneous report hag gained cireu
lation in Georgia that the Austrian im
migrants brought to Augusta some
menths ago have become dissatismed
and are causing trouble. The truth of
the situation is that the men are all
highly satisfied and have written rel
atives to join them just as soon
as they can; their employers are tnor
oughly satisfied with them, and say
they make excellent workmen.
<% % %
Will Carry Case Higher.
Judge S. H. Hardeman of the Wash
ington city court has sent in his res
ignation as a member of the city coun
cil, giving as his reason the fact that
his dutiez as judge come in conflict
with his duties as a member of the
board of councilmen. A special meet
ing of council was held, at which time !
the resignation was read and accepted.
An election has been called to fill the
vacancy.
Coincident with the announcement
of Mr. Hardeman’s resignation the an
aouncement is made that Judge
Toombs has decided to carry his case
against the mayor and city council of
Washington to a higher tribunal,
% * * *
State Charter Denied Club.
Judge Charlton, in the superior court
at Savannah, denied the petition of
the “Palmer Locker Club” for a state
charter,
This is a serious blow to Savannah
locker clubs—their death blow, if the,
supreme court of Georgia sustains the |
decision.
A dozen or more of the clubs have
already paid state and city licenses,
amounting to SBOO, thinking the state
charters, enabling them to keep liquori
in lockers for their members, would
follow as a matter of course,
If charters are not secured the clubs
become associationg instead of incor
poraticns, and each will be subject to a i
practically prohibitory federal tax of |
$25 for each member. l
# * * '
Carnegie Gives SIO,OOO to Normal, t
Library day at the State Normal|
school at Athens was celebrated Sat-i
urday at that institution. The exer
cises consisted, of addresses by Mrs.
E. C. McCabe of Atlanta, Chanceiior
Barrow, Mrs. H. C. White of Athens |
and President Branson. They 'werei
presided over by Miss Mildred Shep
person, chairman of the library com
mittee. ‘More than flve hundred books
were received for the library, ang a
neat sum of money also; this comes{
through the Georgia Federation of Wo- |
men’s Clubs. !
“At the conclusion of the exercises it |
was announced that Andrew Carnegie !
had given SIO,OOO for a library build-!
ing at this institution.
® % *
Meney Prizes for School Children.
* There has been offered by the Cot
ton Seed Crushers’ Association of|
Georgia, SIOO in gold to be divided
into four prizes for the best compozi
tions written by the school children
of Georgia on the subject: “The Value
and Uses of Cotton Seed Products.”
The first of these prizes is to me SSO;
the second $25; the third sls and the
fourth $lO.
Every county school commissioner in
the state has been furnished with a
pamphdet of instructions and all of the
counties are entered in.the contest.
The winners are to be announced‘
dhrough a geries of examinations. |
The best three compositions in each |
school in the county are to be sent to
the county school commissioners, who
will select the best one of these and
send his choice to the state judges,
who will select the best four from the
145 submitted, one from each county in
the state.
The county school commissioners are
to make their decisions by April 15
and the state judges soon after May 1.
The contest is open to all school cnil
dren of Georgia and will, no doubt,
bring forth many uses of cotton “seed
meal and cotton seed oil not now gesf
erally known.
X " * *
Miacon Chamber Gives Banquet.
Fully 150 prominent persons were in
attendance at the banquet given Dy e
members of the Macon chamber of
meree at the Lanier hotel in the in
terest of the commercial progress of
the city and community. President
Emmett Small was toastmaster, and
a number of speakers graced the oc
casion, among them being Chairman
'S. G. McLendon of the Georgia rail
‘road commission and Judge George
Hillyer of Atlanta.
Chairman McLendon dealt with the
railroads in general, while Judge Hill
yer was much conca-ned with the At
lantic and Great Western canal. Among
the local speakers were Colonel C. E.
Pendleton, W. T. Anderson, Bridges
Smith, John R. Burke, T. D. Tinsley,
A. L. Dasher, former president of the
chamber of commerce, and E. A,
Ishacs. / :
Hon. John A. Fox, special director
of the national rivers and harbors con
gres, was an. interesting speaker upon
the rivers and harbors of the country,
The occasion was one of interest, and
was an enjoyable ai*=:r, ;
* # #*
Farmers’ Union May Hold Fair.
President R. F. Duckworth of the
Farmers’ Union of Georgia spent g
day in Atlanta in conference with the
state presidents of the two Carolinas,
Alabama, Florida, Mississippi and Ten.
nessee, and it is understood that the
question of holding a fair in Atlan.a,
under the auspices of the Farmers’
Union, was the chief topic of conversa.
tion.
When seen later President Duek
worth said: “I am not in a position to
divulge what took place at this confer
ence, nor will I deny that the subject
of a fair to be held by us in Atlanta,"
this fall, was discussed. ;
“lI cannot talk about the state fair
proposition at this time, but will say
something soon and have some things,
to say which I feel sure will make -
teresting reading.”
Further than this Presiaent Duck
worth would not talk along this sub
ject.
It is recalled that at the recent meet
ing of the Georgia State Agricultural
Society in Atlanta, no proposition to
the society was made by any city with
a view to getting the support of the
society for a state fair this fall and
President Connor characterized the
meeting as a “failure.”
At that meeting an editorial in the
Farmers’ Union was read in which the
editer asked in regard to the society
and whom it represented and suggest
ed that the Farmers’ Union get up a
state fair,
This conference of the various state
presidents in Atlanta following closely
‘upon the heels of the society meeting
makes it appear that plans are under
way for such a fair. i
The Farmers’ Union is*to hold a na
tional convention in Atlanta this fall
and a state fair under the auspices of
the union would undoubtedly prove an
attractive drawing card.
* * &
New Trolley Line Assured.
The Atlanta and Carolina Construe
tion company, through its president,
Captain James W. English, has con
cluded a contract with Cook and Low
ry, contractors, of Montgomery, Ala.,
to construct its street car tracks with
in the city limits of Atlanta, and it
has been announced that the actual
work of building will begin within 60
days. #
It is this company weich has planned
to construct an electric line from Au
gusta, through Atlanta to West Point,
and the needad franchises through the
city were granted by the general coun
cil sorie months ago. A
From Atlanta to Augusta a number
of important towns will be passed,
among them being Washington, Craw
fordville, Athens, lionroe, Conyers,
and Lithonia. On the west side the
road will go through East Point, Se
noia, LaGrange and Newnan. The con
structing company has-been organized
with a capital of, $5,300,000. :
ROADS CAN’T SHIP TO DRY TOWNS
Is Ruling Made in Montgomery, Ala.,
Court by Judge Richardson.
Railroad officers in Montgomery,
Ala, are worked up over the charge
of Judge J. C. Richardson of a neigh
boring circuit, that any shipment of
liquors from outside as well as in the
state, are violations of the anti-ship
ping act, which provides against tak
ing intoxicants from a selling territory
into dry sections.
It had been thought that it could
not be made to apply to interstate
shipments, but this judge says it can,
on the ground that every state may
provide its own police protection. Thig
will affect ‘many cities mear the state
line if held ta be good, those places
having saloons set up to ship to the
dry territory in Alabama and Georgia.
Many roads have stopped movements
of liquors awaiting decision.
PRIEST KILLED BY ANARCHIST.)
Gory Tragedy Enacted in Church While
. Services Were in Progress.
Rev. Leo Heinrichg, a priest, in Den
ver, Col, was shot and killed Sunday
by Giuseppe Guarnaccto, an avowed
anarchist and priest-hater, while the
priest was administering the sacra
ment in St. Elizabeth’'s Roman Catho
lic Church.
Kneeling at the altar rail, between
two men, Guarnaccto pressed the muz
zle of a revolver against the body of
the priest and shot him thrcugh #he
heart. The assassin was prowptly ar
rested. _.
ORDER GIVEN TO PAY DEPOSITORS.
Request of Receiver of Defunct Neal Bank
at Atlanta Granted by Court,
The nine thousand depositors of the
Neal Bank of Atlanta will be paid a
dividend of 20 per cent on their de
posits on March 20, an order on the
receiver to this effect having been is
sued by Judgg Ellis of the superior
court at Atlanta Thursday morning,
The order followed an application of
the Central Bank and Trust Corpora
tion, receiver for the Neal Bank, for
- bermission to pay such a dividend.
