Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, October 25, 1907, Image 1

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• \■■ 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.)