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THE ATLANTA GEORGIAN AND NEWS.
.',«68UAI, KKPlLMUr.R 23, 1907.
3
“THERE CAN BE NO PANIC
WHEN COTTON CROP OF DIXIE
IS MOVING ON THE MARKET”
Banker Witham So
Declares to Country’s
Financiers.
Atlantic City, N. J., Sept. 25.—One
of the moat Interesting speeches deliv
ered before the convention of the Amer.
Iran Bankers* Association was that of
William S. Witham, of Atlanta, da., a
prominent figure in the financial world
of Georgia and the South. Mr. Wlthdm's
address was witty and Just serious
enough to Impress his hearers with the
greatness of his native state and the
present and future of the Southland.
Mr. Witham 8peaks.
In part, Mr. Witham said:
“I beg to announce to you in the begin
ning that the grentest charm of this speech
will he Its broTtty. While the 'conclusion'
of every address Is far down the line or
thnnght, and always the last part of every
imooch. I will give yon a practical demon
stration of bow the last can be made the
drat by telescoping n»y conclusion Into my
prelude, provided I am so fortunate as to
proceed with your attention for the brief
space of five minutes without the slip of
the clutch or a puncture to my carefully-
arranged Impromptu remarks,
•'1 come to you from the land beyond the
Potomac, the home of the mocking bird, nnd
where the cape Jessamine blootna; a land
flowing with buttermilk nnd money. I left
our farmers engaged In tearing down old
barns nnd building lareer ones to hold the
unprecedented crops of 1907. I left a num
her of our banker friend* trying to arrange
the coat of attending this convention. I
left a people happy and prosperous In the
prospect of a lo-cent cotton crop. I left
the borrower and the lender walking side by
aide engaged In peaceful conversation.
"This la hot the old South of which I
•peak, nor I* this the new South that fur
nlshea this fascinating story of our condi
tion, but It Is the great South which I rep
resent; the Mouth which before the Civil
war atood first In commerce, first In agri
culture, and first In the halls of the na
tional congress, nud which .comes today
marching with the tread of A giant on to
Its former supremacy, which, In lt§ present
pace of wealth, once more Is to become the
gold end of our great republic. I am from
WILLIAM S. WITHAM.
Prominent Georgia financier de
livered Interesting speech before
bankers' convention at Atlantic
City.
where peace and plenty alt down together
at erery board. Yet I am scarce acroaa the
l>ord«r of Mason nnd Dixon line when I am
totdtbai
anarchy . —
down unmolested; that the Black Hand ami
Mafia societies are here, eluding justice
snd detection; that the drought has shrunk
up your berry crop, and your codfish are
• nursing toward foreign shores, and that
Hated securities (more properly called twist
ed securities) are on the shoot-de-chute, nnd
that Impending financial distress stares you
all In the face with au oncomlug panic
beside which '93 Is but a baby.
His Words of Cheer,
“Now, I come today, bringing this com
pany of stall-fed financiers words of cheer
and consolation tn the announcement that
this country ahall not have a financial
panic. Be It remembered, our country never
had nor can it ever have a panic at that
season of the year when the cotton crop
of the South Is movlug to take its place of
power In the world of commerce. Be It
remembered that It was the early shipment*
of the fleecy staple In the year '93 which
crossed the ocean and turned the tide of
the yellow metal toward our American
shores, thus breaking the greatest panic of
nil the ages.
... j ga. —. ..— r -
eiioogli of quick cold cash to quench tlic
flames of s dozen jiaulca. As In the battlo
of New Orleans, the breastworks of'cotton
bales placed by the command of General
Jackson saved that city and our country
from the Invaslon of a foreign foe. so I
tell you that our preseut crop ofwill
save
territory only about ns large ns the present
state of Texas. Now the power of Atnep
b*n's domain conics through the gnblen gate
of the twentieth century, lighted by n sun
which rises upon our glorious ling lu the
Knst. and sets amid the stnrs nnd stripes In
the West. A country ru> broad that when
it Is 6 o’clock n. tn. on Altoos Island. Ill
Alaska, it Is P:oO n. in. on the cast const of
Maine. When the New York banker retires
for the night, Inte though it be. the Filipino
Is sending off his early mall, which lie
closes with tlint slgidtlcnnt request: 'Mend
us your collections.' As Governor Folk sold,
•the sun never sets on the Missouri mule,
so we can now any of our great and ex
tended possessions.
"How does this prophet of prosperity
conclude that our zenith bos lieen reached,
nnd by what X-ray has he measured the
gold burled In the American mines? By
what rule of mathematics has he figured
the nngnrnered crop of 1907, nud weighed
the cotton of Georgia, am) measured the
wheat of Minnesota, nnd estimated the rice
of South Carolina, nnd counted the cor
Iowa, nud added tin the dollar* paid fat
tobacco of. North Carolina, nml the golden
fruit of Florida, nnd the lumber of Ala
bama. nnd the silver of Colorado nnd the
wool of California, and the Iron of I'eiinayb
vnuln, nud the ronl of Ohio, nipl the nut
megs of Connecticut?
Can't Count the Gold,
lie can couut the wheat In the grauary.
but he can't measure It In the fields of the
mighty West. He cun count the gold lu
the vaults, but not that In the cverhiMtlng
hills. He can estimate the crops lu store,
but not the crops yet unexpressed by the
will of the divine benefactor. Climax: No!
Not while dividends multiply, nud surplus
grows, and wages Increase, nml export*
double, nml mines are opening, nnd Dieta
ries building, nnd warehouses enlarging.
"America’s prosperity follows In the wake
of national fluty, nnd the climax of that
prosperity will have been reached only
when our whole duty Is done, nml that
duty will be done when there Is no more
strife between capital nud labor, nnd when
two blocks ou a snort street lu our metrop
olis can uot disturb the whole financial
fabric of the realm*. Our duty will be
done when there are no more nations left
“ ig to attain that freedom which
nd no more Island* of the
stretching out to us their pleading hands
for relief, and wheu that ting ahull float
everywhere."
I am here fo tel! yon that the huge cot- .. . .
1 on crop now. being, garnered wlU prodgt* XaTI V*F * " BROMO 8 ' Q i * r ° m ***
you that our nreaeut crop uT iwi win
t our country from the predicted flnun
dal trouble. The largest cottou crop ovm
produced la beglunlng to move on its way
to Europe, and the balauce of trade is com
ing our way. With It tho fear of panic
weakens, confidence Is on our right, nml on
our left, so that before two months have
passed this king of commerce shall drive
sway all signs of trouble, restore all trad'
to normal condition, and the people of the
North and the people of the South will Join
lu aluglng that olu Baptist song—
“Deliverance day Is coming.
Let troubles be forgotten.
And as we draw our dividend
Give thanks to old King Cotton.
People Are Harvesting.
“Yea, I left our people harvesting a billion
bushels of grain, with which to food tho
world. They are gathering the only crop o^
sugar this country produces, and of ill the
rice we eat, while their export of the main
crop this year will excel lu value all tho
gold and ailver which was mined from the
earth last year. Bring to me all of the
grain, all of the provisions, all of the feed-
stuff, all of tho steel, nnd all of the Iron
of the forty-seven states of this great
Union, which was exported last year, nnd I
will sell the cotton crop of 1907 and pay you
cash, and yet have money enough left to
capitalize 200 national banka.
•'Why, I have Just read where one of your
eminent bankers has proclaimed that we
c of our prosperity,
rou that we have a
„ -<r ...... _..’oro wo shall have
reached the capetone of our commercial
growth and prosperity. A little more than
a hundred years ago one-fifth of this coun
try's population lived la the single state of
Virginia, but now we have a hundred cities
with more population than the entire' state
of Virginia nad at that time. Then 50 cents
was the pay for n day laborer, and qc
agreed to the price, hut now It takes from
four to six times that amount to reward the
same service, and even that price la fixed
by hla union or tho walklug boas of his
trade,
"Then two stage coaches carried the pm
aengera between Philadelphia and New
York. Now It requires 100 trains to perform
the annie service, and tho passengersi are
so numerous the mada can't haul ein nil, so
they kill some. Then, the fine In a common
court of pleas ranged from $10 to $100. Now
n single -- ,
managed bysand belonged to the people
who paid for It. Now the common carrier
Ih controlled by the commoner legislator,
who Is too often directed by the flannel-
mouthed demagogues of modern politics.
Then a man hnd to travel a hundred miles
to bank hla business; now If a tnnn Is do
prlved of banking facilities In hls comma
ulty all he baa to do la to notify me, and I
will send him a bank by mail. No! Wo
have not reached the climax of our pros
perity.
Will Have Automobile.
"Year* ago our farmer drove hla steer
and cart to town, and carried a small bas
ket with a few eggs to sell; now he rides
in a carriage and carries hla cash In sacks
to a bank of deposit. 1 congratulated him
snd asked, 'la this the climax?' 'No.' saya
be. 'when I sell this year's crop T will carry
a barrel, not a bag, and Instead of a car
riage ride In an automobile.' A few years
"go our bankers lived In cottages; now they
live In painted home# will* carpeted floors
snd large yards. Their business baa grown
•o that the adding machine became a necea-
•ity. As I congratulate the banker I ask,
'la thla the climax!' He saya, ‘No: 1 am
building a home on the corner of Easy
street and Velvet avenue, and l am on a
trade to swap our adding machine for shov
els.*
“I turn to o«r horny-handed yeoman at
he draws bis $3 to $5 per day, and who once
earned hla living by the sweat of hls brow,
but who now earna It by the sweat of some
body else'* brow, who In olden day* s|K*ut
part of hla time In Jail, and the other part
In fear of going to Jail for debt, and a* I
congratulate him 1 sak, 'Is thla the climax t
He aays, 'No; we are gtrfng to strike for
right hours' pay and four hours' work, atid
I am here to tell yon It Is letter to he on
the outside looking In than on the Inside
looking oat/
"In those early days this republic covered
IVE BROMO Quinine, the
yvorld-wfde Cold and Grip remedy, re
moves cause. Call for full name. Look
for signature of E. \V. Grove. 25c.
LARGE REAL ESTATE
DEAL.
Many large real estate deals have
been put through by using the "For
Sale Real Estate" column of The Geor
gian’s Wdnt Page—40-cent half-pound
box of Wiley's best candy with each
30c Want Ad in next Saturday's Geor
gian.
MEET TO DISCUSS
DECLINE OF PRICES
New York. Sept. 25.—The principal
Intereat In tho cotton yarn trade I,
concentrated In a meeting of hard yam
Hplhners to toko place at Charlotte,
N. C., today. Agent, and dealer, han
dling cotton jams In the New York
market have continued In many place,
to break price, and to offer to nccept
business for future delivery at low
figure,. Tho recent Mump In raw cot
ton ha, further added to the weakne,.
In the yarn market, and conaervatlve
member, of the trade contend that
ridiculous price, for future delivery
have been named by eomo seller, of
cotton yarns.
Large spinner. In the South have be
come alarmed over the situation and
n special call ha, been Issued by tho
Hard Yarn Spinner,’ Association of
Charlotte, N. C. It I, believed through,
out the entire trade here that thl,
meeting ha, been called for the pur
pose of discussing a curtailment In
yarn production, as some radical step,
must be taken to stop the steady down-
ward turn In the yarn market.
I loot a gold hrarelet out of a ear win
dow. I plneed a SOe want advertisement In
— ■ Georgian and got It hselc.” A. wsnt ad
40c Imi of Wiley', candy, (0<\ Friday
nnd Saturday.
* ©
ft POPE IS PLANNING ©
TO AID SCIENCE ©
©
Rome, Italy, Sept. 25.^- ©
As an answer to the rccu- ©
_ sation that his recent anti- ©
© modernism encyclical ©
© proves the Roman church ©
© is .an enemy to scientific ©
© progress, the pope will im- ©
© mediately ask the Cath. ©
© olic world’s aid in estab- ©
© lishing n mighty institute ©
© to further all scientific ©
© thought and research ©
compatible with religion. ©
© $
FACULTY AND SUMMER SESSION GRADUATES OF THE SOUTHERN COLLEGE OF PHARMACY OF 93 LUCKIE STREET*
Next Winter Session Begins October 1st. Public Cordially Invited to Brilliant Commencement Exercises at the Grand Saturday Night Next.
TWO WOMEN HELD
El
Brought Back From Texas,
Where They Had
Fled.
Speetnl to The ticorgtnn.
Montgomery-, Ala., Sept. 25.—Mre. M.
Johnnon and Min, Mattie Johnson, the
two women arrested at Dallas. Texas,
and brought hack here a, witnesses In
the case of Frank Caffey, the negro
physician charged with malpractice,
were yesterday put under (3,000 bonds
each to appear In court In the cue,
against Caffey. They testified to some
sensational charges, claiming their at
torney with giving them money to
leave. The attorney and hls brother
were cited to appear In court on Thurs.
day. October 3. and show cause why
they should not be held In contempt of
court.
COUNCIL TO FORCE
CITY REGISTRATION?
Rom Loved Green Paint.
Around the career of Rose, a fine
three-gallon-one-quart-per-day %c o w
that came to an untimely death about
three week* ago from an over-indul
gence In green paint, legal debate grew
warm In Judge Orr'a court Wednesday
morning. J. T. Sutton, of 2$« Houston
street, the owner of the deceased quad
ruped, got a Judgment of 147.20 against
B. F. Lee St Co., painters, whose work
men left the paint wnere Rose could
and did satisfy her Inordinate appetite. Ponders avenue.
Will council paas a resolution request
ing the merchants and manufacturers
of the city—In fact, all the employers
of the city—to require their employees
to register?
A prominent member of the alder-
manlc board waa discussing with the
mayor a day or two ago the action of a
well-known Insurance man In forcing
the young men In hls employ to regis
ter
"Before every election," the altlertnnn
said, "he examines the registration
books and if there is any young man
In hls employ who has not registered,
he immediately tells that gentleman
that either he must register or leave
hls employ.
I asked him once why ho was so
stringent about this.
" 'Why/ he said, 'it Is not because I
care how they vote. That is usually
Immaterial. Rut a man who lives In a
city and does not take enough Interest
in It to even register so that he may
choose what he considers the best of
ficials to govern it. Is not worth while
and can not work for me.
" 'Some of the young men. I find, do
not register, as they know they must
then pay poll taxes. A man who will
use the city's streets, expect protection
from the city’s policemen and the city's
firemen, and care in the city’s hospital,
and then Is not willing to pay his taxes,
is not the man for tnc.*"
The alderman was asked why It,
lould not be a good Idea to have couu-
II pass a resolution requesting all the
employers of the city to do their utmost
to have their employees register.
"It looks like the proper thing,” he
replied. "I'll think it over."
DOG STOOD GUARD
ALABAMA RATES OVER MASTER’S BODY
Major Hanson Makes
Social Call on Gov.
Comer.
—
a Hermit Had Been Dead for
Forty-eight Hours ,
When Found. J,
STATISTICS.
PROPERTY TRANSFERS.
$100—Mr>. M. E. Langlej’ to Emma
Langley, lot on Pulliam .tree!. War
ranty tleed.
(200—Mr». May Andcraon lo Ml.a
Mamie R. Moale, lot on McDaniel street.
Warranty deed to aecure loan.
BUILDING PERMITS.
(500—Joe Post. 213 Maple street, ad
dition to dwelling.
DEATHS.
George Jones, colored, one 20, died
at 5 McGruder avenue.
Jeta Jones, colored, age 25, died at
0 Doreer avenue.
Dr. J. F. Dodd, ace
GOEBEL’S BROTHER
REFUTES STORY OF
/ INDIANA WOMAN
Phoenix, Arlx., Sept. 25.—Justus Goe
bel, a brother of the late Governor
Goebel of Kentucky, residing In Phoe
nix, commenting on the affidavit made
by a woman In Richmond, Ind., which
alleges that Ooebfl was killed by Tur
ner Igo, at the Instigation of the sqn
of John Hanford, nay* the story fa pure
fabrication.
He aaya the facts set forth in the
affidavit are so at variance with the
died at 25 proved facta that they can not be con
sidered.
Special to The Georgian.
Montgomery, Ala., Sept. 25.—Major
J. F. Hanson, president of the Central
of Georgia railway, called on Governor
Comer yesterday afternoon and the
two were closeted together for some
time. As to what they talked about Is
not known, but It Is almost certain that
the extra session of the legislature and,
the railroad question were discussed.
Major R. K. Steiner, the local coun
sel of the Central, who came to the
capitol with Major Hanson, but who
was not li\ the conference, stated thut
It was merely a social call. Major Han
son being in ^he city, culled upon the
governor.
There may be something back of this,
t the Central of Georgia Is one of the
three roads which have so far failed to
accede to the request of the governor
and put In effect the 2 l-2*cent passen
ger rate and the 110 commodity rate.
If tho Central should come in it Is
more than likely tlje others win follow'.
I lost a gold bracelet ont of a car win-
e I dew. f placed a 3k* want advertisement In
I The Georgian nud got It hark." A want n$l
• ' snd 40c l»ox of Wiley's candy. 30c, Frhlay
and Saturday.
Special to The Georgian.
Huntsville, Ala., Sept. 25.—J, S.
Sleeth, an aged farmer who lived atone
on Word Mountain, was found dead
yesterday afternoon a few feet fronl hla
doorway. Ilia faithful dog atood guard
over the 'body. The old man had bfcn
dead about forty-eight hours, and it fa
believed he died from apoplexy while
at work. Sleeth has children living at .
Chattworth, III.
M’lNTOSH OAK ""
IS BLOWN DOWN
Hpeclnt to The Georgian.
Whltesburg, Ga., Sept. 25.—The fa
mous McIntosh reaerve, a well-known
historical place tn Carroll county, four .
miles south of Whltesburg, on the
Chattahoochee river, wa* pictured to
memorv, when, on the 8th Inst., during
that temble rain, wind and hall storm,
the large and much-admired post oak
tree, under which the dead body of the
brave, humane and chlvalrou* Indian
chief, General ‘McIntosh, lay two ot
three days after hls assassination, wag
blown down. Many regret the depat i-
}ng of such a cherfthed relic of that
frimeh-loved and appreciated chieftain.
General Mclntoah’f grave la entirely
neglected.