The Atlanta constitution. (Atlanta, Ga.) 1885-19??, December 20, 1897, Page 7, Image 7

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BANKERS WISH CREDIT NOTES Autsta Plan for Cnrreucy Reform In dorsed by Financiers. J. S. CARR FOR FREE SILVER He Tells His Fellow Bankers the Gold Standard Will Wot Do. THE ALARM HAS BEEN SOUNDED Convention Adopted the Resolutions Offered by Mr. DeSaussure as a Solution of the Question. One more plan of currency reform w.ns formulated Wednesday and stamped will the approval of the convention of bankers. It was a convention of southern bankers called by the Atlanta clearing house. The plan might be called the southern plan, but while It contemplates such legislation as will pecially help the western and south ern states, It is also broad in scope and there is nothing contemplated under it which would be burdensome to the bank ers of the north and east. The convention was small tn attendance, but there Were gentlemen present of na tional imputation. They agreed,, .all of them, that something ought to be done to change the financial laws so that first of all the southern states can have an elastic currency. No one disputed the proposition that th.'i’o ought to be more currency in circula tion in the south and licit the laws should bo so framed that if bankers do not wish to issue more than they have they need not do it. Another idea, which figured prominently was that banks should bi allowed to loan money on cotton, pig iron and other com modities. The eon vi nt ion was a single standard body, but there was one delegate who came out ‘■bald-headed and bare-footed,” as ho exp • . i.i dit for free silver. This was. Mr. J 8. Carr, of North Carolina, lie did not take any part i.t the discussion until ito was invited after the plan hud b on adopt ed. While he was .-peaking lie had the at tention of his hearers and he gave them some good nutured .shots which they ac cepted in the some spirit. There was no debate on the resolutions repeated by the committee and they were adopted by unanimous vote, in I r:< f, they call o.i the government to go out of the banking business. 'The r. r obit ions con template an increase in the amount of gold and silver in circulation with b tter b.Hik ing facilities for sm ill towns, all banks to be on the same footing under g'-veruni- r.tal control. In order to grot u uniform banking system, it is proposed that the basin'. 1 .-s men of every statu should meet and agree upon financial and I- liking system which will bring prosperity ami happiness to the na tion. To s. cure ti is, it is suggested that baulks with a capita! of s!!s.'**> over be allowed to issue not’s to circulate as money o.i commercial assets. r; R J AC 1 rstood to b< mthor ol the resolu tions which w. -t. ...c d. He was the leading spirit in th- c ■.ivenlioii as he was tn having it assembl . Thirlj-ilir. bank'rs iv . -p red at the h adquarters, t-.om I'd of tee Kimball house. In addition there were .--.-veral At lanta bankers prosin' who did not rvgi.-t. r. It was tint so large a meeting as was hoped for, Imt it was cvrta'nly harmonious. There was absolutely no contradiction of tho assertion r- peat, illy made that so som-- tbing should be done, and tiiat th- people .are demanding a n rm-dy of sone kind. The sama report cam.- fr< :n every .■'..‘to i. pri s' ■■ !- ;nat the people .1 nan I some relief, tile p'e-ent system being unsatis factory. Captain Davis Is Mamed. Captain R. J. Lowrj nominat'd Captain John A. Davis, pr. . .'.lent of tlie Georgia .1 ’• . '.i ■ r.f A a ~U i cP a i r.'n.m, and pt.ain T'avis was elect'.l. Mr. Darwin Jones, manager of the Atlanta Charing House ;ocia ion, was elected secrelary, and Mr. L. I'. Hiil.-r, 5.,-t.t-.ry of the Met" as.sovia lion, was chO: > a assistant Resolutions Adopted. Tlie res'.iui i'.'Us adopted Were as fol io' • : ■'Whereas, We believe that the time has co ne for southern bank rs to sue -e sfid'y 1 I b' ■ • I ■ I . ' a < congress of the United States; we, the. bank rs of tli ■ south, in convention as sembled, hereby sugge :• s-.ich reformation in our banking and eiirrctiey laws as will- ’d. Take the banking business out of. pol ities. "2. Take the government out of the bank ing business. ”.'l. Avodi tlie expense and danger always attendant upon government tag by the retirement and <■ • tic llation of the gren backs and i'ie tr. itiry ti"i''.s of Is'.i'i. <i,y the substitution of bank notes)- "4. To demonstrate to the world that tho credit of tlie Unit'd States is as high as that of any o.her nation. "5. To demonstrate that our measure of value being d'-tii’.it'-ly det- .mined and per manently e-mid:-lied, hundr-ds of millions of dollars from abroad and at home will seek investment here. “ti. To keep every dollar of our currency good enoui h to pi ■ current in every lai\j. “7. To itu-re i . tlie amount of gold and silver in circulation among our people. “s’. To give small- r towns the advantage of letter facilities, so that every honest man will have meted out Io him the endit be is entitl- d to. “U. To give producers of < very kind and in every section ample currency at reason able r ites of interest, to handle and hold their < rops and manufactures until they desire to dispose of them. “JO. To give lower and equalized rates of interest throughout the United Slates. “1. To reduce our eight different kinds of money to only two, viz; specie and bank not es. “12. To protect note holders and deposi tors under a just and - au.lab-e federal b i -.v and supervision. “13. To make all banks t/rna'. under any Vegetable Sicilian I, PAIRRENEWER| Cleanses the scalp and /”$ OQ puts new Ilk into the r|A> O hair, it restores the \W 7/A lost cclor to gray /> t k a ‘ f * means keatt‘•V* law of the United States providing for banks of issue. “14. To prevent, bank panics and currency famines. “Resolved 1. That il Is the sense of this convention that business men of every state should come together in a spirit of har mony and reason, and agree upon such a financial and hanking system as will bring prosperity and happiness to the nation. “2. That we believe this can be accom plished by allowing banks with a. capital of $2.1,0C0 and or.-.- to issue notes, to circu late as money, on commercial assets. "3. That our senators and representatives be requested tn use t'n ir best efforts io have the present congress actively take up tho quosti-n of better banking facilities, and to urgt the adoption of such a sound and scientific system of banks of issue as will include all solvent banks, state or national, under a wise and just federal ail ministration and supervision. “4. That under any laws of tlie United States permitting slate or national banks to issue net s to circulate as money based upon commercial assets, lb 1 ' banks should be required to aid the gov- rnment in the retirement of the greenbacks and Sherman notes in such a man::- r as may be found practical, ami to the b st interest of the people and tho government. ."5. That the Bankers’ Association of each of the southern states bo requested io ap point a. delegate of one to go to Washing ton and aid In securing federal legislation upon tho lino indicated In foregoing resolution. “11. That tho chairman of this convention appoint an executive committee, to be com posed of one bank* r from ea* h of tn ■ south ern states, which committee shall bo charged with the duty o£— “1. Urging action by the State Rankers’ Associations at once, as directed In resolu tion No. 5. "2. Carrying out tho purposes of this con vention, as expressed in the resolutions as adopted.” For Free Silver. Several delegat- s w re called on for ad dress...; and among th'm. Mr. J. S. Carr, of North C.irolln.i. Mr. Carr provid to tho a live wire and when h- <-ro-sed the oth. r wires which had been laid, there was lire, but it was all good nat tired He said that he. came to the convention A '' ‘ -'.i AIR. J. S. CARR. The Millionaire Ranker and Tobacco Man ufacturer. of North Carolina, Who Sttoko for l-T-'-c Coi: ag- . ns a state bank man, bit with views <.lf!’''r- Ing radically from those of most of the others pre: ent. “I .".m a silver democrat," he declared. "I bi lleve in the dollar of our daddies. It Is true that 1 am a little lonesome when I get among bankets, but I tell you I have company when 1 :-.m out among the peo ple. They know that Hi- r. Is something wrong and they are calling for relief. “The ban!-. :■ of tills country .'.:w making a mistake, in declaring for gl gold standard. I believt that t - convention ought to make it ringing ileeh'.ration lor state banks. That is ail right, and i am In accord with tho convention on that proposition. But the inarm haji been struck la the tower of public ow ...in and it must b' rd. < 'in . today tie ' we havo ■ :t» of circu lation per capita in tin vhili in the norrb.trn states it Is m irly Jti. They tell us tiiat we don’t want tiny me- money. 1 say that man ought to be. ai 1 to go to bank and be able to borrow on Ills credit ,-i.s well as "ii bonds 1 don’t ea.ro about mom-v li.e’ng too good. 1 don’t care if a North Carolina si bank note world not elreu late in Vlt . stay ut home and help up pay our own debts. Th' y toll mo ihat tn-' a >t--s of coun try banks in Em lutid will me circulate In London and a Baris bank n >te will not circulate out In th-.- provt'ie s t know that Cnnad tn mot ;. will not clrculat< tn this country mid - t they w:y thri the Eimllsh eurrency :m the b--s. In Hie world. I ant for state banks ‘bahlhciulrd and bar ot"d.’ The gold st.-.r.-lard Is no' whai w want. It may bo all ri'.ht up tli'-r. win r,- they have pi- nty, but down l wo want some th 1n g < - ' - In Connecticut not I""'- .tan ami h pointed out to me a lilt 1 '- build ng vC i p, my town would rent f--r ahout -i ve' r. He told me tiiat is was a avlngs irnnk mid that th" deposits amount'd to ?k:7.' Os 0 Why. gcntli-rm. n, Unit ' ■ " ■ the i ntir-.- banking capital of North Caro lina.” Mr. Carr concluded with tin- r-::i;-ta.-nt that Im was "fi r - ■ -1< b.-'iik--. tin- dollar of our daddies ami free silver.” The talk v it was heartily applaud'd. Short speeches ■' ’ ■ -Messrs, liultose. o.' Alal'si - i ’ I’ro' ! . -if South Car olina ; Quine; of lo a; Reyn Is, of G< or iHa, ami others. " ♦ -• '■ Kalamazoo, is famous for «•< b ry. ; dichig < on page 9. PBIZES AWARDED THE WINNERS Contestants in the Six Day Race Re ceive Their Fay. New York, Decemb, ." 13.—The winners in the Slx-day bicycle race were today award ed their prizes. All the men except Hale were present. The awards were s follow-;: Miller, $1,300 and .$2>.K) for 1 Rice, $X00; f.-Irnne- r, Hull.-. $1150; Wal- . - ' mon, $125; Enterrnan, siiU: $!t' ; ": G. ll - u ‘ ami B n SSO ~, v, Gray ■- got no . , ■ ~ . ere 1 1 ■ ■ ■ to the managers regarding : i" m : ' ■■ ■■ ' -- :n r.t bicyc! track. Lloyd <’ol '. ety surveyor, swore il it he found a short. 'c-.e of 277.2 G feet, to tin- mile. ills affidavit further stales that :h< score should h as follows: .Midi r, 1,953 miles B's yards; Rice 1,!‘20 miles n d 221 ■ dim<■ r, 1,5!.. n i , 1.H37 yards; Hale. 1,819 niilf., GCS yards. Tin other atmiavit, submitted by G. O. Rungui, c.ty surv*. yor, i. ins this state ment. Truth About the Vanderbilt Policy. New York. De- emb- r 13. The fl no 1 ."'ll pi Hey written by the Mutual Life Insur ance Company of this ■ tty on the lib' of George \V. \ aiul'-r-’ It. a i ■ issued diieetly from the head oflii-e of tin- companv. No .agent was interested in it mid no eomm: >- sions have been paid or w 11 be paid on it. A large portion of the risk has been rein sur'd in smaller companies. THE WEEKLY CONSTITUTION: ATLANTA, GA., MONDAY, DECEMBER 20, 1597. GAGE REVIEWS THE CURRENCY QUESTION Eicitiai'y Before House Committee on Banking and Currency. HE URGES BILL HE PRESENTS Copies of tlie Secretary's Plan Are Scattered Amo?." the Members. STATEMENT FULL AND COMPLETE Wants To Strengthen the Treasury in Relation to Its Demand Liabilities. Washington, December IG,—Secretary Gag" appeared today before the committee on banking and currency of the house of representatives to present a bill embodying his views for a revis.cn of tho currency, to explain and urge its provisions mid to meet any objections raised by the commit tee. Tho secretary was accompanied by Judge O'Connell, solicitor ol' the treasury. Copies < f the secretary’s bill were handed to members of tho committee and were scanned with great interest. After being introduced to tao various gentlemen of tlie committee, Mr. Gage began his statement, speak.ng in an i.onve rsational mu.t- ner and following notes, lie said m open ing: "The objects 1 have in mind in this se ries Ol piuv.smns ottered by me are lour m num:,er; hrst, to comm.t Hie coun-o more thoruugnty wnit Hie. gold stand.;>e , r.-l.iufu so lai' us possible doubt and tem that po and thus slreuglUeu - - credit of Hie Utulvd States, both at home and abroad. , , Second, to strengHieU tlie. tteasutj in relation to its u intutd liabilities, m which are, included giwnLucks, trea.-mry ,“ u .es und the mcidentai obligation to matn.a.n on a parity, through interenaug'•:-ju.iy v, ;tl, gold, so far may be ne-ci-ssjiiy, the . • . silvei ■ ■ ■ "i' -i'-' ■’ und silver dollars. Third, to uo this in such away as not ract it volume of circulation m the bands of tbo people. an intt al step toward a tsystem ol !• mil note issues without tl-e condi-ihiiml deposit "f pub.ic bonus as se e-uritv ti" Him. il v>.- p.'.-p'-r as ■ piop-e, be sum wlml in advance <u its < xp< .i-li'.ures, umi ;1 -■ pul'li'.- d. nt ol 11. I nit* 'i btati s ri: • I ii: lie iiduv.d :Ui<i finally eXtliigt- = .-' l e'-t. Looking at the quest on Horn my best : je and exper.ence, I fiall that if th'-s- co lid be s<-mi'-d, lite eo'.idl of tie' govi .'nmeni. in its r-lation to tb-i euri’i-I’*'wc’.ild I"- mii-'ii > -Li-r mid sirong- r than now and that t'.i.’ougn the - . . trial interests ol th" I lilt' d Slates would be greatly advan lag'd.” Makes Informal Talk. q’urnit - ■ • Gage pro- ceeded cxtempor Aieously ns follows: “As to the lirst proposition—to commit th country mon tli-armty to the gold fct.ii d'.rd, remove as far as possible doubt less ft ars on that poi it ■ ■ Him -■ ngth both a ' abroad 1 woul pr ■ o ition to t« tun', the bond'd debt ol the L sit'd now payable in com, into bunds bearing on tin It' face a lower r ite of in ter' s’ ; nd Jiayabi' , prjut ipul -mi inter- t, i;. gold, a measure direct -I to tiiat end. It costs 1 ' <-.v- r so far as the refunding of it is <-on- Certt-••!, except tho expoiidituie. necessary w print Hr: bonus and do tlie c.cic -1 wot". 11 lakes ambiguity out of the rem tiuns ol tin government to its end.tors; 1;. gives, I be-;.' v« , a siren;-' . and . curity and po ci to ... mm rcjai and Lum of Hie Lt.it i Stat. . id li.o meas'-tie as it is prepared mi-- m tile bill will, in my op -i.' ", a* compiish tlml , a. .I. The ' ■ icr tires -. ;... i are b - fore you w hich 1 am now r- ady to be ques tioned about have b- vu c.i.twn to ceo.a pllsii not ol objects n d but the various already duiaHcd by me. If Q. . ar- Worthy objects limy ought to be reimgnlzcd a.tm secured. If tliei ar, uii wortliv obi- cis tb<-y oug'ht to ti-. rejected; or if the in-uimer el securing them is not a v> I:Ota-, :: •; I I. ve outlin' d 11, tile nm-it . or formed 01 Im proved. ’ A v. !<: • range of tllscutslon occurred on sect' 2of th-- .•••,• tn.ry - bill. In an. w<-r ■ its gl -. r. . purpose was the same as that set forth by tin presi dent. Mr. G i ia said tlie only purpose o. the b. S' I'l.oa was to r-fund outstanding bei, is, I'-: low interest b aids payable m g Id. ’ This woul reduce Hie gro: s tin it, but it w ■ make a saving on interest which the secretary ri ughtly ealeuiali it at Ji'i.Oi 0.-w annually. At pi.;-.-tn the go\ ci uni' ''l paid high rates on some ot its bond isst s. Hi thought it t these < ould hi t: ki n up in time at a rate of int-rc-st even below 2 pi-r cent, but this pt a 2 : , 2 per cent ra - vva at least v step toward red tc ng tlie Inierest charge. Mr. Cl.igo be had excluded from his .... . ■ i pl nt • " •: :. co- ; in 181'5, al- i..,i. -!i tn ! ■ ; r. i'Oinnii-ndation to congress , :1 . ~ 1.,.. - w l'c <ri">n ously Includ'd. !I<. -1 , pre fl'. --1 - l'-t th- bonds a lorn . ■ 1 iad bo nra ised at t e time Ol’ Iln-T i ■ lb mi to their payment In gold, a.’ -l In did not wish to < titer upon ■i imt qiu al ion. 'l'" ‘hl would exclttdi all bo.Ms i siicl under tho Cleveland adminls tr.i t ini. Mr. Gage explained lr. detail the plan ot Is 'ling notit iml bank ri t-; for Unit' d cutis, the ttea.ury nile-s and sllv.-r ~ - . ■ - ■ ■ la t ter in.l notes for rr lui'dltlg bonds. He t'-o plill'C'i- Cl' this w.ts to cumu l.i.i'. LW.OoO of the dmr.umi obli;..- a lions, icing them tltey would ro- I. -vc i,» that < xn. nt the '! :n::n !.■ on tlie ■ - It wa: essential, he It, that th.-a, d'em.ir.d obi!; ’ ions shonid b-- matei 1- allv iidvc' d. At. I. s line tin.'-, be did not consi'h >’ it safe to cot.'.’"tct ti.< currency be $2>0,c00,000 at or..- strol-'e. u.'.d for tiiat reiason h' hail provided for i: -n s of na tiom-1 bank notes to till H - vacuum. He Amends His Statement. The '. ■ uss.oi ■ - ': another br.ef stateuiem of Hie demand u'i ns ol' tlie Ututeu States. Ile said he .. ■ from tin exp rienc of a pra ical . . f : • ■. m.i-al.-l agao.st tho goveriimi.nl would not m.- pre smiled al one Lime. Il wv.s a letiel of bank ing that ah declaims dirt nut eonic at um'e. 11. tlicy d.u, tlie hanks would not last long. J-or that reason it was necessari only to pt ( i...., . ust ■■ m all . ■ i ■ ... i - oi the demand. Air. Jordan, the s'.iu-tri'usurer at New York, had said to Inin that all the trouble in red- mp: ion was cause" by tlio las; f.M<l,-iH', l 'V'.i "I it--mamis. Ihe sv---.---t.try i'- ■'- • iw .is . - ■ aside in a red' nipt on tmid, ii w >u;d lo a large extern rm.vvc Hie de mand. I."-... ' ... ■■ - I ... c. .ra. don of the ctirri ;;<-y would occ-’r und i."i- -...ii y's "I: .I ihi banks sur- !■'.rn.il-red their r.uivs and took the refunding , n . ■ : were pi posed as a basis for Air. Gage conceded the: this might oc ■ ■ were .-si., -i\a lj' ri mt ie. Mr. I'-., ot i m ■ '-. m d ■ ii- point that undei th bill buni would get c:r --i-'.iintion up to the par value of bond:: -ie p..sited • ’ a i- ilu-'iu rate of meres;, while at the same limo tin government was to pay tn- per cent interesl on th', bonds lhe.r < > ■ Air. Gag- answered that me propo. al of his bill was but a lirsi .''ep. R had to ri.'Ognize the 'tiet tliai ih.- iri.ion.il law provldtd deposits of bonds as the basis 1.,.- cremation. That t. •: >g t! .- case, he In. d dei n d .' ■ rst ■ •. ~ dm e tlv inter-st <m the bum:.--. V. iien iliat d- sirabl- ■ -:.d w. s a- ■■ mpi sli -,1 i ".-ilmr e;-s eou’il i>e t.Tien tow rd a w'th-.lr.twal of Ihi- s.ovcrnmem’s guaranty for bank .- and de| dene'.: be- tween tho ba iks and the government. in tin- e .';:-. of I. ... st.ii-mt-nt .Mr. Gage ■-.lid !>"s bl!; wou'd 1'" supph. rneim d at a Infer mite by m.uiaer niiastire i-arrying o : it ■ r. ;n.. : lion ol the president iat H’ret ry >f i he. treasury be em ’-ii ’>i boi ii, n .-reams: ;'iu-s He- rn .nil-1 SIW HiO.ti-n f -r a term not exceeding a-:.- j-ear. This power would not In cxi-r --< isi-il ■ xi-ept at rari inti reals, but It would have a st' -"lying effect from the knowledge ' MmWii Mlssliio Norlfi si - • ■ ! 1 THE LAST OF AN EXTRAORDINARY ’ For this year, during which The Weekly Constitution has distributed IN CASH among its subscribers nearly Five i housand Dollars. xf THE PLAN IS ABSOLUTELY SIMPLE and fair; there is no deception or catch about it; no trap to catch the credulous ; R’A I no prettiest list about it—it means plainly and fairly just what it says, for The Constitution could not afford to be party ( 'a / to any scheme that had in view the betrayal of the full and generous confidence of its patrons. I Our Plan Simply Agrees to set aside 10 per cent of its subscription fund received from contestants to be divided tßfi) among those who correctly supply the missing word. The whole objee: is to create interest among its subscribers. Trie I , 4 ‘•V j’ offer is, of course, a business proposition to be fairly carried out, but it is for advertising purposes to attract new subscrip w’’ d tions and secure renewals. Tlie Constitution new makes this open proposition: lo give .. ONE TENTH OF THE SUBSCRIPTIONS Received From Those Entering the Contest to Whoever May Name Properly the Missing Word in the Following Sentence: .Tiix ——— —— r •O Oh.ee Given the Fasshm for , lhat One of the Freelons \ ;5> - j Be Jloet in Demand Which A* CheapestF^ : • r TIIE PERIOD COVERED BY THIS CONTILST SHOWS ABOUT SIXTEEN THOUSAND EXPIRATIONS FOR THE -C- WEEKLY CONSTITUTION, and, of course, we want them all to ren- w and enter the Contest . . . I m kC==»_THIS MEANS $1 ,GOO- : X ' For the Missing Word I'und, and every additional subscriber entering the Contest will swell the amount the more. I'ic November subscriptions have run several hundred ahead of last year s receipts. .; Hus period also compares with our Pdrst Missing Word Contest last year, in which Mr. M. L. Brittain secured the prize— sl,o33.so. As that was our P’irst Contest, there w< -e more than s,subscribers ret lived dut the prize. It will not be so this time, for tl • plan ad erti 1 ind ive • NriAIGAT $5,000 CASH upon the Five Missing Word Contests. 'I he scries has been of extraordinary intvre t, and the idea ■ seems to grow in the public favor. . , , 'Hie book containing the sentence is a standard publication and has been sealed up and placed with Mr. \Y A. Hemphill, , President and Business Manager of Ihe Constitution, who will hold it safely until January Ist, 109 . jij. Sentence Speaks for itself and Submits a Very Plain Proposition for You to Solve ) The Contest Began Nov. 1,1 397—The Contest Ends Jan. 1, . y. •} This Contest lasts two months and the amount lo hedivided will probably be in the neighbor!' od oi Z. There may be one correct answer, there may be a dozen, there may be more, but rememi it costs nothing to supply a word, and you maj get ii *.. rrectly. • T® REBTEST OF «hli fI|«ERW WEEKH HEWSPSPERS FOR O]!E YEH!) ■ % ;; .KEEP THAT IH VIEW AiSD SEK3 GUJESS WTH YGl’i? DOLU& FOS A .—I ... ... . Jg FOLLOWING ARE THE CONDITIONS OF THE PROPOSE TO I’fT 10 Pi’.ii OEM' "f th'' arm-imt we ri-cr-ive for s•ll><. i; H:■ >ti-. wl"-re : n tLe pnrty subicribng .r~ ~ N etiter., the Mis>iii'.; i Cmite.st. ail" a hiiiil for ilistia ulinn amoii" those who natit'- i."i'i ti ■ < m. 1.. rd lor i:i- T ii ...... - ■ ■ "■ f Per Cent of the strii it, the st , " Gues ers Sub- h TilE CONDIIION PRECEi ■ ■■ ■ ■,-).:■■■:■ | i st ions goes to the I;■ ■ N x I Fund to be divided. I - | In other words if I *' ' ? H <l. '„hc •r i nt’inn b nust cot . J tl 9U DSCTI p). t ».1 titled to a share of the i •- * t' I! id umOLUtS to i J’ersons may guess as many t.irics a they sei :id .1 ii-tioris. ' : '’’ " i ; ; - h ‘ " ■. :'i .1 ~ 1 -1- Fund to i , I- much is to the credit of I- J go to the successful I we viil I uhiidi each wrel< how t'.- 'and has grown. (I ’ guesser would be r Till LOSS’S JAN. Ist--? • <i-$2,000 v amount ti: ' li:’ .T'< <1 in the conti--'.. . A T -- -T IN MAKi.-u; VO'. R ANS\', \ou need not write the sentence out in full, just state simply t.i , ‘ ivfi.sin'.r Word lor ‘ - X ' ——/ J.i.'.iiJi V 1 “ 4 ’ - j THE CONSTITU HON, Atlanta, Ga. - ■ ■ ? .. ■: ■ : It g-'Ve the m. ike: lb: ' the power ixl-w-il. W -li this |rt>v.<. "' I" I--irr-iw in e.-so oi r. J nd i he m <: :,M 1, would just :i. 1e.1’.-i I'lPl Ulo I:.. ■. ■ men • ■ .'. ■■ • as tl • re would bu no nic-ro bility or I :Z ird. THII'-L-; CAGE MADE BAD BREAK. Republicans "Worried Over the State ment of tiie Secretary. M • ■l'jng';<.:i, Ju-.-, rnb- r 17.—tS'peoial.)— Tin :■ is gr. -it consternation and indig na’ion aino.:.r tl. r publican politicians over Hie bold deelaratlo-ns which Seer -tiiry of I l ' - Treasury Gig : i a.-i b m making befor-i th. house eommiltee "it banking ami currency, particularly thait in which li . ,i. clared, without < qulv c lion, that he lirst i‘iirpos‘s of the r- publlean poli'-y was to more firmly fix th gold sta- d rd upon tic- - miitiy-. This whs no ci- -I- stolen'., r.t, but V. as read from tla- manuscript winch th ■ secretary had prepared. *y y, in the commi tee, r- publiean m. m b- :s cot tho secretary to say that he did n t i ;;;ird ''is di- hit e.tlon contrary to tlu: ri 'i... of tin- St. Louis platform. Then he w-.-nt on to explain his id. .i of bimetallism, wbii-n is simply ti'-’ "f : *>mi sliver, al v,■.■ r- l lining ::. ii'l a th" star, l.ird. Ihe wi." * republicans \\..-> knew that their political salvation d- p -nds on their ability to kv. p up lhe.r t'l.r ' ■ I'.c bluff, are much ci : “ined at the s- r iry’s declarations. It he senate. Mr. St wart, who I id bi en tn. . -d of misrepresenting the. adminis tration in saying that it lor the gold stan dard. took gr. .-it pleasure in re iding- these statements to bls accusers, v.no tail'd to find words to r- ply. Gage Resumes His Talk. S-<”',:t;iry Gage r-sunied Il's imposition of liis comprehensive i urren< y bill before the Louse committee on banking and cur rency today. Chairman Walker had left the city, and Mr. Urosius presnl d. Before the bill proper was taken up some semi-political qin.-stiotis were asked. Mr. ll.tl, of Connecticut, called Mr. G i"" s at tention to tho statement made yesterday that th'- lirst purpose of the bill w to eoinmii tn- eoimtry : > tlie gold . tandaril. ‘•y.iu ar-- reeojriii:-:--1 as a r--ptibii' -.-tp.” said Mr. Hill, add.n g th; ecretary. ... fam ■ vith the 1 . p ..I , ;n Ilf til. ;--p'.t-a n n.tii.mal cen , Louis. Do you considi r that ti. . irpo.se of mor> firmly fixing the gold ;; ...i ...ird on the country conflicts with the [.rineiple of the St. Louis platform?” "I’ -', sir,’’ r> s| "liile*! Mr. Gas.e. “Not as .'. —— '"U \ -K T!iK \ GILV • ho.w: TAL.iINC •*• • '\ ES lK ' n *• q G S<c ■ C-O. All t ' * 5 ' * ’ ••••■: od»owi» vi>lre. I'cin’tb I** OuUUh, rt»n>isfi > : f . ' ~ 1.. <u ' / I .. largtiiii' .... I:. : . I.:.: : .11.-. J . ' .-* ' ■ ri.',.?;;. An opT"'rt.m!n-to . v j ,SY by p. < .>♦ ' idnmentH. J-,sfc the (uii),' 1 for ( hur< h and’Sun Jay • t m”' t • Mr • i• - •>. i ' I • 1 .t«« iital.gUH <»f liriij;h<: herori-., cu-. Orb? f=vn*i. in; 0 H DOLLAK wc will :Ith outlit by * U. Hi'., tto examination, bain h»•pa .al v * i j’.-cti *. - L >; ition The Constitution. !-■' e.- ■<: >' <-> 5" . ’.'.)' P* ' / -s.Lf ■-. V Y ■)* <• 7 i I look at tho prln-'.'ple of bimepil'lsm. Bi metallism must n: ;‘n one of two i'i- I either it is two ki I of mo-ncj ■ il t V'.ltie, circulating s.i.- by side fiy ■■ -.n of tlie exchange of the le'-.- valuable for that of greater value, or . I- • :v.o sin- - , ■' money of such Intrinsic .q- ilit.v of■, line tiiat they will elrcui tu> n tim .'Uy . by side. We have a bimetallic e irr■ ... tho United States nov.-. A firm i : iblis'.i nient of the gold st., ndrd, with sm.-h In - t.erch.'ingal'Ulty with silver as will make It acceptable on an eqii.ilit.v •< th gold, will maintain this bimetallism the . mi :s ft has existed fur the last elgh.- en „■ - ars.” The secretary went on to state that this in no way preju-.lie' d -any si. ps that :m:-at ba taken to bring silver up to i higher standard of value. The i-ill. !mi v.-. wa-- designed to give such .-oiitl'ii n- in '.lie financial ability < f the governnient tl. it the discriminations against silver would largely decrease. .Mr. Cox, democrat, of Tenn '.-'-• e. a k-<1 1 If the result of th. < . ■-■ . ■ : would not h ail to ):l:a! of p :p< r '.. 1 - y bank noli and no silver - ■ pi ; ary silver. "There is nothing in th- plan to op, rat-a to that extent now,” tin —w< i tlf tary. “It is in that direct-*).f, and i'm ihcr 1-gislatlon deA'lopl.ig I:. .1 n> a'''’ til'lm i - ly lead to such a r<-sm:. 1 W"Uld not say t t silver would r- Bidia.ry silver. J would a sy ;• m of silver which would be subordinate. It b subordinate now.” After this diversion to the Ler < t the consideration ot the bill h> •■■' resumed at s.. ■ on 7, v. In re the ilis< us<<m closed yesterday. Plied Rapidly with Questions. Wm 11 ihe r. ...h >' *"' '!■ l ’.l . read a g< neral . iseus: swer to a. cm f .tr- < IG* said the bill could noi result in -i > aill ''“ the treasury by batik not'.'.". It a-'t “ '■ institution < backs i" • anoth. " ”«ndl< ■ "ha n” of bank notes. Thu banks wmld have to loi- .m their own notes and il would be to t! on interest to do so or they w.ml-1 be .ios.d. But so long as u dollar of ilei'.i.ii'M ■ t.ons was ou Ist alining, so lon less chain” won <1 go on. II ■ ■ “This bill is sinipiy a sf p m 'he r ■ lit j ■ • i i it would gis the ■ ’ ’ - of the very llab 111 n s --. bich are ■ ly t< I broi it it. 11 <-:■<i,■ a ') is in gold, ’t hen, with I.l<* fui l l:ei measure r ' ' 1 ” ' " • ing authorit! for a h . ■ y of ’ (100 when leq'.ureil, 1...- .* r.im-'iit t.i'inii be so strong in time - mer,;--.i y :o resist anj’stress, tfa.lh wimld l e i. t.; Isa li ed i nd people v ould no reas- ury for lack of fait i, but only from ne cessity.” Th s brought on an mt.'res'lag an ani' y ing d scussion of politics as relatin'.-, to linanee. Mr. Brosins asked if .lie .'t.try f.-il that the bill would obi ate i.ny prob ' ability of the country's being I .i . d lo i a silver I»:i: s. j The S'eretary thought it would cijia.l j qin -’i i-.iii. “Suppose the next election should bring lin a iiou.'e of rep'-'-se i'.;i v. s favorable to free silver?” asked Mr. l-’owl- r. r- pub lican, "and a free silver b.ll was pas.- ed bv tho house and by tlie iie'.mt'..- now —” "1 object,” interposed Mr. Hill, i.epubll- %;< J ' .i /■' b. r V "as that is not even a liypothi 1 possibility.” “It is a certainty.” declared Mr. Cox, di-rrtocr.it, amid kiuehtei', in wbi.-a SFeeie tary Gage joined. Mr. Fowl'-r p '-med his .pustirm. “Be tw< .. 1898.' when • ■ frt “ ail. : '> ■ pa -1 by con jress. and 1900, v. hi n the advocates of sound money i-i'itii'i'.- e.I to power, could the ca-niry go to a. sil ver basis?" Mr. tinge's answer brought :iti"tl.■ r round of laughter and applaus--. “In vew of Hie ; absolute c< rta'nty of a presjd at tl \ ' said he. “I think we could nil! tnroir; i.” This closed Mr. Gage’s neat’’..-g ai.-l he wa.: g:\en a voi • us thank : . >- \ ■ ■' i i.u-tu bers sought to have aniiiher hearmg during the holiil.ij s, but tie re was -i: - nu-.us ; b jevlion to this, and th- .irigiit.il : inn s adi'.--red to, of adjourning nmll January 12th, when th-- ting- bill, the m-i.-imy conf-.-i’- a 'e l> 11 and o-.lii r fia.iu.-I il rr.vas i tires will be taken up. SCHEMES AND SCHEMES. Your attention is e.-ill- d - : i" .-lally to tlie terms of the sixth mb-Ing wrd e-mtest. j Head them < irefiilly. The puzzle in (he s> it-nee is plainly submitted, el -ii-:.- slat ed and speaks for itself. It is i-lu ess all persons alike. It takes 1 judgment to solve ii, and tin', answer is not suggested In the advertisement or es -wb- re in the paper. The subject d-'.ilt with is one thT has been <l.scussi d for year:;; lib- word tli.it supplies the blank is one in tonitnim ti---, ami the answer is tru- . that is. tin- rial 1 meaning - ■tlie :- ;■ * is it - ■ in or,lie to use an itrelevani woi-t, ami j the idea will b-...- complel and in accord with j common sense when the pl'oper weld is - supplied. Better read all the puzzh-s .til t;:e way , through I ifort■ you ins w any ■ ol j t i-m. When you r- ad ours you w ill lind ;ii i you gi l Tho W. 1:1.', Constimti->n oa*. year for your 41, and you know very well it is worth lhe money, besides your chance al the mi.i.dng word. I li you solvo the question properly you g t a easli prize. You know what mon-.-y . is worth, and you can spend il to buy , wii.it you like. Wo offer 10 per cent of l tile tn -ney We receive from silo.- r be::- j entering tho cotilisl. Wo n.'-.'.k-- up ii'.c r.-eoid every day, and we will begin oil 'i>e cembi r Ist to publ sli I'roni Wi.'i k to the exact amount elint the perceiimge has grown and how mitcii the agg:egale is to due of the publication. Wu pay the prizes by our cli ck on a solid bank, and we guarantee it will be worth 100 cents on the dollar anywhere our papi r circulates. And we pay the prizes pt'i.-mpily, often mailing the cheeks b'-fore the advertisement of the r suit, so that tlie first notice tho sueee.'-slul contestant, has is the letter containing his prize. And wo pay them in full. We have already paid out this year nearly $4,900 in cash for prizes in our missing word < ontests. In the acknowledgin' it of checks receiv ed wo have, besides the regular receipt, VV V \ .y y ■; I such exprs-iuns a- th>-se fr -tn the con testants: J. W. Con. ly. .'.l i Io mm, Miss.--Th. ik.i to The Co: .•.;'■!?■:! f< »r pcuinpi r-css ;< ih 1 f * t duality in a ware in:?; p:’iz- .-• :•> ■ •<>rrr-. , t ss • vi'r: in conit ,-:.s. li v, ..s pur-, ly an «■.. -hand t ’_;u<•.■.-• with inc. i Mabry, Newark, x. Allow me to .••ay ; t'.'.u 1 lu ;fitly ap ax’'. ■ ;■'•■ y yam •'■• a.l, I f.nriy a nl squarely. with your s.ibs, fibers. ! 11. A. llmiiz. l imy n-. 8. C. Pleas-. m ”>’. ; my thunks for y> nr prmnj'tm. .. aiH fair 1 \. I’. J n • v.p S. < ’ f” sl- ’ Tl< ■ ■ ..Lil iP- 11 ..l; . , Tilt; C--> ■.. Ui V".' 1 t I be IH-at.cn. And sci on. In-ndr"ls -f o'.!; rs us •. : erne tcror < I -• q/.t >■ Tji- cj-'iiici:i lii'b- divs - 101 into lib' « < »i:i ■■. i. Y . ■* ■ .i ; -'. t1- • 'Ur ■.• a• T in as s---.nl a. p . but i* ; •X : ’ ~jr word '■ ■ . w liile ■ ■ : ■ f j •I .; ■ - pr< ’J) ■ 1 \A 11 1 -1, V < I U V. .11 • ,\out fanciest v,it; ■ ■ ’> that i t ,j ,i |.< r- ad will ..i;t ally 1- '"■■ and ii v. :1 I ■ worth a..- mtn h as an. ■ ... r Wn hope th.. rr; • '-m-- ... wb r- ch H i'. We bc.ieve it v.. . n <ls n t aS Ji.coe, for til', r. al .te.irly I-'..: ri tiol.r < / Hili' I'l i" : .'ll'd Hl ' I W.lls open tin -' al. :.' would alia" ; l 1- 'tin prize io : ■ fJ ' who enters the i . . ■ oui < not got. t .. n 11 . 'inis I-, .- ib- ii" and dit to it ? Tli.it is tin wny Io r.nike it ■ 3hi : .s plain !-tat< Tir iit is in ale to I A >ur >.i ( <> I! i ••!<: ‘s '.'f ti.- i ' ’ it is give I in good foil'd. an<l your siCrcsl ! in i. will ihuko you soil’ i'.ir'i mom;.. ; that your auswu r and the ■ ta seription conn s to us tog 'tiler. Till’ ATI-.ANTA (’OXSTITI." ION. FOE- SSOO OF INSURANCE. Charles Efiiio’i Is Thought To Hava Poisoned His Wife. Yow A’er... I>< eenil'i r 13 i'hc lio.ly of Jennie St.l m. r. tin fourth wife of ','h.irles Zaiiol', 'a ■■ exhurm I from lie . a .< ry 1 at Astoria. Id. 1., where it had been buried. £n oxa main t”n wid m made i c- f. are“- I;oi soll ill tiie ot tm .. <■ . w'‘o, it is a: I -..'ted, was min d h'- d . •' Za noli f. rth iiv of realizing a<” ' pol icy of life ii.iaii a•icf. A .Preacher's Discovery. l>r. Ill"-' '. wh > Ims for man;, years made a >;•< mail;- of en'.i rrh.il dlia- has discovei - d a r< nndy that cures the worst cases of < atarrh, bronchitis, etc. ft is a penetrating. In ailnp smoke vapor that i <'i s ,p i, . ly to every’ aft’eeted spot, d oj’s the germs ami heats lite mucous nieni- I brane. Any reader of Th" Con mm on who will address l>r. J. W. IJlo. 'er & Son, 11. 13 and 13 Hrant loti! iin,:. wli.it i, Ga., will i■ ' ■ postpaid i thru d s’ trial treatment free. Good nioruin;;. 11.ne von read M■ 1 ligatl Medicine Co.’s ad. for men on page 17 7