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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.