Newspaper Page Text
• \■■ r *. >. •"
SPOT COTTON.
Liverpool, sternly; 6.1?. Atlanta, w
•ady;
JOS.
New Orleans, quiet; 10**.
New
York
steady; 10.96. Savannah,
dull;
10 s.
Auguntn. .qnlet; lOV
VOL. VI. NO. 70.
ATLANTA, GA., FRIDAY, OCTOBER 25,1907:
■ ■■•— ' - ■ ■
PRICE:
la Atlanu: TIT,. CBitT*.
On Tralna: FIVE Ct'NTl
PROSPERITY
Speaks at the State
Fair at Noon
Friday.
MR. GRAVES MAKES
BRIEF ADDRESS
Calls on Governor Smith
and. Pays' Visit to
Georgia Tech.
.
00000000000000000000000000
(V O
DOLLAR DINNER FRIDAY O
NIGHT AT THE PIEDMONT. O
. —■ ■ ■ o
Lieutenant Governor Chanler O
f UCUICIKI'K v.w. ...... —
I will be the. guest of honor at a 0
I "dollar dinner” at the Piedmont 0
l Hotel Friday night at 8 o’clock. C
i Tickets may be secured at the 0
l offices of the three dally papers or O
I at the Peachtree and Decatur 0
I street store of tho J. J. Goodrum C
I Tobacco Company. O
I • O
ffiOOOOOOOOOOOOOOOOflOOOOapC
Receiving him in silence at first, ae
hough weighing this new and unknown
sure outrof the East, near two' thou-,
and Georgians Friday afternoon sud-
lenly warmed to appreciation of Lewi?
ituyvesant Ohanlir, Democratic lieu-
enant governor of New York.
His earnestness, his evident grasp of
he bigger things of life and the rlnr
f convincing sincerity won quick apd
onerous tippIttfiM for him In his speech
a Hi" grand stand at Piedmont park.
Lad when ho said with a degree of
ride that he laid claims ttf kinship with
he South on his father's side, tils au-
ilence was completely won.
Second only to the ovation given
« ' .1... MHietM need linav.
lecond only 10 .me ovation
r. Chanlar was the warm and unex-
cted evidence of the esteem In-Whleh
hn Temple Groves, editor of The
■orglan. Is held by the people at large,
came upon the conclusion of Mr.
uinler’s speech, and was such an In
dent demand for Mr. Graves that be
is forced to yield and say a few
It"was 11:30 o’clock when Lieutenant
ivcrnor Chanler drove Into the fair
ounds. The fair directors and other
eminent cltliena met him. and with
e Gordon cadet* an an escort no ^aa
ken Into the grand stand, now com-
rtably filled. „ ,
on the stand were the following well-
iown Atlantans and visitors: H. H.
Ibanlss. Senntor A. 8. Clay, Congress-
ail L. F. Livingston, John M. Slaton,
iseph Johnston. Julius Chambers,
nnk Morgan, Hamilton Douglas. Al-
nc Chambers, W. P. Andrews, J. Lee
irnes, John J. Woodslde. T. B. (• elder,
ajar J. C. C. Black. Beaumont Da-
son. W. L. Peel. E. P. Burns, J. Und-
y Johnson, W. H. Terrell. Frank Ellis,
imar Hill, John \V. Grant. Alex Smith.
G. Hudson and John Temple Graves.
Senator Clay Speaks.
In a few well-chosen words President
ibanlss Introduced Senator A. «•
ay. Senator Clay said It wm an
entful day In Georgia to have the
llllnnt young lieutenant governor of
e Empire state of theNorth to visit
Empire state of the Soutb. He salil
!• first vote was cast for Samuel J.
ilden, of New York, for president mid
id that the only Democratic president
nco the Civil war had been a New
Vo of the South like a man
ling qualities, get-there
leclared, "and our visitor today has
onstrated both Ideas. We tru»t he
grow as a factor In uniting all fac-
s'the UlTflSure of Lleutenant aov.
ir Chanler rose to view the audlence
.bed him with keen tnterest., HU
e was strong and carried easily to
parts of the stand. He began as
feel more deeply than I can say
heartiness of your welcome. It has
ted ma because I did not expeet It.
of the cold North have come to
k of the South as wnrin and gen
ii, and now I know It by coming
ng you. Atlanta Is supposed to be
mur behind New York, but during
brief stay I have come to the con-
ion that It la far ahead In many
Mr. Chanter's 'Address,
en he launched Into hlg treatise
>lltlcal economics, which Is prlnt-
i full elsewhere. It could be seen
ace that he was making a deep
esslon. and as he proceeded to
<. he was given frequent and sin-
applause. *
can not apeak for the South, but
ow the trouble In the North is
ilckenlng. blind worship of money
loney's sake.” His peroration was
lent and forceful and aa he sat
i those on the stand shook hi*
warmly, while the audience ap-
led for some minutes.
John Temple Graves,
en came the demand for Mr.
«s. who finally arose and said:
cuppoae my friends want me to
k the able young lieutenant gov-
• of New York for his magnificent
or now York tor ms nuimnmi
■e of common sense as embodied
i speech. I assure him that we
lean! him with Interest and prof.
If. Chanler, In behalf of my fel-
Continued on Page Two.
See Page 8 for Mr. Chanler’s
ipecch.
NO NEED TO WORRY, MR. CHANLER
L
MID SECURE
Chamber of Com
merce 3ums Up
Situation.
BANKERS EXPRESS
FULL CONFIDENCE
South Too Solidly Prosper
ous to be Affected by
Wall Street Trouble.
Atlanta has not felt a tremor from
the crash In Wall street. Atlanta bank
ers speak with one voloe In saying that
no shadow of uneasiness Is felt and that
tho South Is too firmly founded upon
Its own prosperity to worry about finan
cial troubles In tbo East.
The following telegram received by
the Atlanta Chamber of Commerce from
The New York American, and tho an
swer sent by President J. Wllle Pope,
tell tho story of Atlanta's secure posi
tion:
CUUIIIJ, ***»'* - —
necessary relief from this tax.
The grand Jury reiterated the state
ment made In the special presentments
that tho building of a new court house Is
not advlsablo at this time and charac
terised the tax to raise 1100,000 as un
necessary and unjust. They stated that
their opinion that It Is Illegal had been
formed after hearing the law on thle
question read by Solicitor Hill.
The grand Jury devoted some space
to a discussion of “The City Beautiful,
and recommended tho organisation of a
non-polltlcal metropolitan Improvement
commission to retain the services of a
Competent landscape artist for the' Pur
pose of beautifying tho city of Atlanta.
After making their presentments the
grand Jury was discharged for the term
by Judge Pendleton.
•‘New York, Oct. 24.
mber of Com-
THE BIRD—"Go ahead, Lewis, I’ll look after the younster while you are in
Atlanta." L"
SOME PITHY PARAGRAPHS
FROM CHANLER’S SPEECH
“I have not conic to cry calamity, chaos and corruption.”
“Our country was never greater than today nor future pros
perity never more certain.”
“Ours is not the whining of a chronic invalid, but the nat-
ural outcry of a strong man in pain.”
"Centralized commercial power has brought a tendency to-
ward dangerous weakness in individual effort.”
“The recognition of evil ahd an universal desire to have the
evil cured arc signs of a healthy mind. ,
“Tampering with our constitution has caused many existing
evils.” . ...»
“I believe that our present protective system is a disease from
which has sprung every really great evil that threatens our na-
“The'proteetod manufacturer and the privileged railroad were
necessary to our national development.”
“Corporations soon learned that by going into politics they
could perpetuate their power.” . ,
“Heavy fines may be exemplary, but they are neither prevent
ive nor punitive.”
“A national necessity should never be a football to be played
with bv political parties.”
“Take the tariff out of polities.
“Appoint a national commission to revise the tariff.
B 'Si!fflD®N Y TROUBLE.
“‘chauanooga'^Tenn, Oct. M.-Many Charleston, 8. C. uci. xi.-u..nop ».
(hattan * ' caught by'D. Fcigukon, the negro prelate of the
Chattanooga concern, were^ca^ghtery^pi^p^, ,„ v „ charleaton
the proceeding, again t i ^ w| „ next wteU for h)l return to Monrovia.
NEGRO BI8H0P DINED j
BY POTTER SEVERAL TIMES.
Special to The Ororgl«n.
Charie.ton, 8. C, Oct. SE—Bishop S-
60000000000000000000000000
O GOOD WEATHER TO END O
O OF GEORGIA STATE FAIR. O
O O
O The state fair will probahly O
O clow Saturday with good weather O
0 to the end. Forecast: O
O "Partly cloudy Friday night and O
O Saturday.” O
O Friday temperatures: O
O 7 a. m 67 degrees O
O S a. 68 degrees O
O » a. to 80 degrees O
O 10 a. m 64 degrees O
Oil Am 67 degrees O
O 12 noon 69 degrees O
O I p. m 70 degrees O
O 3 ,p. 71 degrees O
DOOOOOOOOOOOOOOOOOOOOOOOOO
WILL PUT TENNESSEE
IN THE DRY COLUMN.
Special to The Georgian.
Chattanooga, Tenn., Oct. 26.—"We
hope to wcure legislation at the next
session of the state assembly that will
drive whisky out of Tennessee. If we
do not get It. then we will certainly
get It two years later," said Dr. K. E.
Folk, president of the Antt-Baloon
League of Tennessee, which Is now In
session here. About seventy-five en
thusiastic prohibitionists are attending
the convention. The prohibitionists to
a man are for Carmack for governor,
all believing that he Is more In sym
pathy with them than Governor Patter
son.
"The President of Cham
mnree, Atlanta, Ga.:
"Please telegraph at our expense
whether the banking and financial con
ditions Jn your city are sound; whether
there Is any sign of Industrial pnnlc In
your neighborhood, and .whether you
havo any reason to expect general bad
times In near future. A reassuring dis
patch from you. If circumstances war-
rant, will tend greatly to allay popular
fears here to calm excitement and will
do great good. „
“NEW YORK AMERICAN.'
President Pope's Answer.
"Ocioljcr :■
•New York American, New York, N. Y.i.
"Your meesoge of yesterday Is Just
received. Hanking and financial condl.
tlons here wore never better at this
season. Conditions are absolutely nor
mal. There is no evidence of panic or
depression now or In thg near future.
Our banks are not only paying loans
due New York bunks, but are buying
commercial paper there nnd taking care
of their local customers at regular
rates. Manufacturing Industries are
working on full time; wages are good,
and general conditions of the country
prosperous. Hut for newspaper reports
and telegraphic advices we would not
know anything of you ^J^ nt poPE. ''
"President Atlanta Chamber of YJom-
The C< followlng Statements of entire
confidence are inude by Atlanta bank
ers:
Whet Bankers 8ay.
T. J. Peeples, cashier Maddox-Rucker
Banking Company: "The troublo In
New York has not caused a ripple here.
All tho banks In this section are In
splendid condition. Business It good
and collections fine.”
C. E. Currier, president Atlanta Na
tional Bank: "From what I can gath
er, the trouble Is practically over In
New York. As far ns lornl conditions
are concerned, there la not the slightest
trouble here nor the possibility of any."
J. W. English president Fourth Na
tional Bank: "Financial conditions In
Atlanta are all right. We are not af
fected by money conditions elsewhere."
H. J. Lowry, president Lowry Na
tional Bank: "The situation here is
extremely satisfactory. There are no
unusual demands for money. Hanks
are meeting demands without trouble
or Inconvenience.”
W. H. Patterson, vice president Cen
tral Hank and Trust Corporation: "Ev-
owl bine* la nnrtnal \'n nnvlptv In
erything Is normal.. No anxiety Is felt.
Conditions are just as they have been
for the past twelve months.”
J
COURT TO STOP
COURT HOUSE TAX
Legality of Special Tax Is
Questioned After
Investigation.
After protesting against the build
ing of a now 3400,000 court house, In
special presentments made earlier In
the week, the Fulton county grand
Jury, In their regular presentments Fri
day. queatloned the legality.of tho tax
of 3100,000 about to be Imposed.for this
purposo by the commissioners or tne
county, and petitioned the court for all
uk
PRESS VISITORS
ARRIVE SATURDAY
Delegates to Birmingham
Convention to Stop
for a Day.
The delegate' to the International Asso
elation of I’rcis CluV*f which line li«eu In
session In DlnnlngUniu, will t>c In Atlanta
Saturday and will be royally entertained
■ ! till tin ii Lri’ f Nt.iy.
Tho riaMmtnll arrive at noon on a ape
•■Ini train over the 84nMnn| Air Line rail
way and will be mot at the union depot by
a special committee appointed to receive
and entertain them. They Will be. escorted
from the depot to the New Kimball where
luncheon will be served^ nnd nt 2 o’clock
will be given a trolley ride to all of tho
’ ‘:>nl point* «»f interest about the city.
principal point* «»f interest about the city.
At 6 o’clock tbe party will be tendered
lunebeon at the IMedmont Driving c’lub.
The general reception committee 1* bead
ed by Mr *
w —ayor Joyner, a* chairman, and I*
composed of the city council, the president
nml director* of the Chamber of Commerce.
mont Driving Club, and the following gen
tlemen: Clark IIowoll, James II. Gray. F.
!.. Heely, John Temple Graves. Itoby Robin
son, John H. Cohen, Morton Smith, Buford
Goodwin, waiter Reynolds, John A. Brice,
»H, 3.11 III 1 II FPHTUIIII,
_ r,7. tiddler (llnii*. I red L-srls,
Milton DsrRsn. T._A. Itanimor.il, Alo
Ltax King,
MMMK
,_loa enumilttes Is rom
posml «f til, following: Jli**d*mr» Iloh.rt
L. Foreman, chairman; W. It. Joyner. Mark
Howell, James It. Gray, .V. L h'rely. J.
Wills Pons, It. K. Maddox. Milton Hargnn.
K.I (.’. I’stsra. II. 8. Jarkaon. John Templo
IIrovee, W. It. Klaer, D. Woodward. John
B. Murphy. W. A. WlmMsb. <\ A. .Conklin,
Maude barker Cobb, Victor E. Smith. Ju
lian Field, Morrla Brandon, Wllmer I*
Moore. Albert Howell, Jr, rreaton Ark
wright. W. 1). Ellin, Jr., C. E. family.
Knot Brins, IJuton Uopklnn. Harry fL
J. M. Hinton, Itohert Alston, Charles He!.
Iloliy Rohlnson, J. H. Cohen and Harry
' ... Ji — --—
gtsanfs. )(l,iei' Rlisaiwtb Adair.-fiogle May
Pope, Agues tmdaon. Margaret Lndnon, At-
herta Rankin, Alice Hteelr. Flores™ Jnek-
son, Lniirn I’syne, Knte Rohlnncs, Hndlo
Morris. Mnry llrent Mnlth, Burenin Oglcn-
liy. Ada Alexander. Itelwren banal, I«nin
Ihmly. Nnnnle Nlrolaon, BllgnlietU Illgb.
Ilnttlc «rr, Conntauce Knowles. Ilnrrle
Htnekdell. Ailnm Anderson, Martha Wood
ward. Resale Woodward, Helen Ilagtcy. and
Martha Whitman.
Two Killed by-Train.
Mobile. Ala., Oct. 36.—Hal Harris, a
prominent young man of Jackson coun
ty, and Cap Henry, k.negro. were killed
yesterday by a train on the Southern
railroad near Scottsboro.
CHANLER SPEAKS TO GEORGIA DEMOCRATS
Itie procrwiiHs- . . ^
Steel Company, and the loss h«re wm
he heavy If the company can not meet
the company Wedneidaj.
About two weeks ago there were ra
here that the company waa in
trouble. The company's pHncIpa prep-
erty here Is the Chattanooga
which Is valued at more than StOO.OOO.
ant, 6rga°n?zed I ^^ate8B0R 0 .
rjpiacopm vhhilh,
next waek for hla return to Monrovia.
Liberia, where he lias lived for fifty-
eight yaara. When asked about the
Bishop Potter dinner, he said: "Oh,
dear me. I have dined w ith him several
times before." Blshon Ferguson says
the adverse reports about Liberia are
false aJthough faw negroes from the
South have Battled there In recent years.
Special to The Oeerglsn.
Statesboro. Ga.. Oct. 3».—^
stirring addresses by Rev. J. L. Solo
mon. superintendent of the Anti-Saloon
League of Georgia, a league was or-
«S5ed here, with the following offi
cers- President Colonel O. 8. Johnston,
first vice president. JY. C.
^h , 0 r ^ U «ue r h. H . i ‘i 1 «ir,^ 0 enre..ment of
nromment ard Influential cttlxen..
Accidentally Shot, Bey Loses Leg.
Asheville. N. C. t Oct. 26.—Pearson
Gregory, a tfi-year-old boy. was acel-
dentally shot In the rl » h * '**
hunting, and a. a
nraoonr wa**cllmb-
MORE MONEY READY
FOR STATE TEACHERS:
Governor Smith directed the state
school comlssloncr Friday morning to
prepare for the Immediate distribution
of 369 #00 for the common school fond.
With the distribution of a almtlar
amount a few days ago, 3100.000 has.
gone* out to trn ^
Commissioner HmMtta at. work on his V
list for the distribution. I
Race Results.
JAMAICA. . ,
First Race—Tartar Matd, 13 to S,
alial mat' 1 to C. lAPftnfl f •
dentally anoi t juce—Tartar Maid. 18 to a.
SSSkTAASSiS WTSjl j
tns a persimmon tree, while Ms com- R 0C e_Zlpen S p: 6 to 2. won;
sass-as: Tramp '
ly discharfetL • r ’ '
LIEUTENANT GOVERNOR LEWI8 STUYVESANT CHANLER ADDRESSING CROWD AT FAIR.
Mr Chnnler'* ac'dre r .% v.a* received v»ith enthusiasm by the crowd tthfch C a ^hercd at the ^tate Fair
grounds in Atlanta Fnday .hortly after noon. His eudjcnce, at firxt csld, warmed toward the bnlliantNew
Yorker as he expounded Democratic princiotes.
mm is
Though 6 Banks Close,
Financiers Breathe
Easier.
Larger Institutions Will Ser
That All Depositors
Are Paid in Full.
6 BOYS AND GIRLS REAP
New York. Oct. 23.—The financial sit.
nation has cleared so much that despite
the temporary suspension of one nnmll
trust company, the Jntcrnatlnnal Trust
Company, and several banking Institu
tions nnd continued runs on. others.
Leading financiers declared that the
crisis was pant. Millions of dollars
were available today, and the TruVt
Company of America, the Colonial
Trust, tho Lincoln Trust and lesser
hanks on which there were rune, met
every demand for money. Depositors
were paid ns fast as they presented
checks or pass books for withdrawals.
There was an entire absence of the
feeling of panic which prevailed from
Tuesday until yesterday.
Secretary of the Treasury Cortelyou
was again nt tho sub-treasury tndnv.
After several conferences with finan
ciers ho said that tho situation bad
greatly Improved. "I will continue to
give whatever aid may bo necessary
during tho day," ho suld.
No Cause for Alarm,
Oaklelgh Thorne, president of the
Trust Company of America, declared
that tho situation waa adjusting Itself
and there was no cause for alarm.
The banking syndicate headed by J.
Plerpont Morgan, which sent 323,000,000
Into the stock exchange yesterday, an
nounced Its readiness to extend further
aid today.
Clearings were effected at an unusu
ally early hour at the stock exchange
clearing house nnd the situation In the
stock market was encouraging.
The Guardian Trurt Company an
nounced Its suspension this afternoon
nt Itb main office. Brooklyn. The trust
company's money was tied up In the
Borough Bank and when that Institu
tion closed today It could not do busl-
ness.
All Express Confidence.
Leading bankers of the city held a
conference In the offices of the Union
Trust Company before banking hours.
Everyone present expressed confidence
that tho worst was over and there
would be no further trouble.
The Pittsburg stock exchange re
mained closed again today.
The run at the Fifth Avenue Trust
Company was at an end today and
there were no depositors In line to with
draw their money when tho bank
opened.
Receiver for Knickerbocker.
All the other banking concerns which
have been In trouble were In excellent
condition.
The attorney general appointed a re
ceiver for the Knickerbocker Tru«t
Company and the affaire of that con
cern will be straightened out umlcr
state supervision.
There was every confidence In finan
cial circles that depositors will la-e
nothing.
Small Banks Don't Count.
Stocks were supported today by the
strongest hands in the financial world,
They don’t hesitate to say that these
stocks wilt be for sale should the mar
ket advance, because the purchasers
are taking aboard an abnormal amount
of securities. ’
It will be no calamity In the WaM
etreet vlow-lf a few hundred small
banks disappear from the horizon per
manently.
No particular stock distinguished lt-
•elf today, but tho standard Issues were
used to Influence sentiment and they
advanced from 1 to 3,points. :
Wheat waa aleo advanced about 3
cents a bushel ahd cotton was permit
ted to sink lower. •
Stoney wa* furnished freely and the
responsible bankers said they looked
for no further panic Just now on that
account.
In Line All Night.
Excitement was not entirely allayed
by the enormous sums of money poured
Into the banks and Stork Exchange
vaster Jay by Secretary of the Ttaaa-
urv Cortelvou. J. Plerpont Morgan and
John D. Rockefeller, whose loan" am'
deposits aggregated 2110,000.000. Runs
continued on the Trust Con.pony of
WEEDING OUT
SMALL BANKS
6GGO6O6t>OOO6000OOO0GO66OOO
O HARVEST FROM DEPOSITORS 0
O New York, Ocf. 26.—Boys and O
vj girls whose mothers had made O
a coffee nnd sandwiches found ready Q
O customer* In the largo lines at the O
O banks today. They sold a cup of O
v coffee and sandwich for 20 cents. O
O and some of them considered O
Q themselves better financiers than O
v tho manager* of the savings bank. O
O Peanut* were sold in Wall street O
O today for 10 cents a hag. The O
O doubling of tho prlte of peanuts o
O and of sandwiches followed the O
0 discovery by the brokers In these 0
0 commodities that no person in- O
0 tended to leave the street, even O
0 for luncheon. o
? O
<1000000 <>000000000000000000
Continued on Page On*.
< Second GecCion.)