Newspaper Page Text
THE WEATHER.
For Atlanta and Vicinity—Part
ly cloudy tonight; fair, warmer
Friday.
The Atlanta Georgian ;
AND NEWS
SPOT COTTON.
Irerpool, stonily; 6.03. Atlanta, quiet;
0 316. New Orleans, steady; 10H. New
'ork. steady; 10.90. Harouaah atta\;
3-16. Augusta, steady; I0V
VOL. VI. NO. 75.
ATLANTA, GA., THURSDAY. OCTOBER 31, 1907. PRICE: {r. A »i8SB8S?I:
LONDONBALKS TR
OOPS MAY 1
IH YET USE
1 FACSIMILE OF CLEARING HOUSE CERTIFICATE |
IUSIIESSIE1
PUT STOP TO
Britishers Have Put
Prohibitive Price
on Metal.
Committee to Wait
Upon Gov. Beckham
and Ask Protection.
FOR BUILDING
Livingston InsistsThat
Bid Permits
It.
So. JIOJL. Atlanta Clearing House
Association Certificate
ATLANTA, GA
This Certifies Thd tU IW* «*•»****# :4* Atlanta jfbuM AttociuHon A*
«»fA C £. Currrtr. /. W IV. /. /W, T7rw***. of uM
Scaattu to lU m&m «/ A'£K£.V |$S5kL4/ff£jty A* i*y*mtafik «<*» *.*
fa lawful m$n*j *./ lK* L'riitJ St o'a*. ptfoU^VI vt tijk*lI ~lf HnTrCi _ . ,
«*«» torA ti* pmttatrf* of a nutting nf ta^'J /ittoc'alion, It’JofUSa OtuUt,
i/jjj
• DtpotU t to goymont afdtlls Jut any Dcnk to iaiV CU&lng h
CERTIFICATES
Action of Clearing
House Is Ap
proved.
DIXIE FINANCE
IS IMPROVING
No Deposits for Southern
Banks Because There is
None to Get.
O<HJOOCHCK11KHKHJOOOO<HS<HJ<KXKIO
O O
O MANY BANKS WILL O
O INCREASE CIRCULATION. O
O Washington, D. C, OcL 31.— O
O Telegraphic acceptances were re- O
O celved today In large numbers by 0
O Comptroller of the Currency O
O Rldgely In response to his appeal O
O for banks to increase their clrcu- O
O latlon, where the limit prescribed O
O by law had not already been O
O reached. Although It Is not certain O
O that an absolute adoption will fot- 0
O low, the comptroller expressed O
O himself as sanguine that the banks O
O will generously expand.
OOCKHJ<KKIOOO<HJ<KKHJOOOOOOOOO
New York, Oct. 31.—With the drop of
76 points In sterling exchange yester
day, the scene of activity In finance has
again shifted to the foreign exchange
market. The new rates of foreign ex
change on London are just outside the
figures where the Importation of gold
Is-made possible, an almost unexpected
development after the rapid rise In
rates on Tuesday that checked deci
sively the great Inflow of gold to tH.«
country and apparently stopped th>
movement for some time.
The money stringency felt In this city
last week is beginning to disappear.
Call loons on tho stock exchange so far
from remaining at the 60 and 76 per
cent rates for the first of the week. sc.
tsally fell to 3 per cent at the close of
trading, ample evidence ef tho presence
of a larger supply of cash In the mar
ket. Several reasons have been ad
vanced to explain this condition, but
facta havo now displaced theories.
mDiPoemfFgjj^ BANK8
Washington, Oot. 31.—The financial
situation in New Orleani and through
out tho South la rapidly improving, ac-
oordlng to Sol Wexler. vice president
of the Whitney Central National Bank.
Of New Orleans, who Is In this city to
make arrangements with the treasury
department for Increasing the circula
tion of his bank. .
"A false lmpreeelon has gotten out
that I am here to discuss with Secre
tary Cortelyou tho Southern financial
situation.' It waa even said I had a
conference with him yeaterday. I did
no such thin*. What would be the uae?
Wa can not get deposits for Southern
banks now because there are none to
**"Ae soon as I wind up my business
with the department I ehall return to
Vavt Orleans.”
When the resolution of Inquiry Into
Secretary of tho Treasury Cortslyous
action In aiding the Wall street banks
In the New York crisis In money mat
ters Is Introduced In the houee by
Representative Slm«, of Tennessee, one
af its most ardent advocates and sup
porters will be Representative Oscar
W. Gillespie, of Texas.
Mr. Gillespie, who hse always been
opposed to the encouragement by the
government of Wall etreet, sold to-
"What la all this but using the peo
ple’s money In the etock market of
New York? It appears to me to be a
case of the government going to the
aid of the stock gamblers of New York.
"But I don’t believe thle Is »o. Did
the eendlng of money to the New York
banks relieve the situation In other
parts of the country? Certainly not.
Banks are closing In other parts of the
country right along."
fionitl ora,
Owensboro. Ky., Oct. 31.—The tobac
co war between the members and anti-
members of the American Society of
Equity, which has been threatening for
several weeks, apparently has begun In
earnest In Davis county, and it Is feared
that It will spread and be even more
destructive than was the toll gate raid
several years ago.
Yesterday the large barn of William
Green was burned to the ground with
all of its contents, entailing a loss of
325,000. Green has never been asked to
Join the American Society of Equity
and he is at a loss to understand why
the “army of peace” should burn his
property. If It was the members of this
body which accomplished his ruin.
Both sides In the war are planning to
carry on the conflict Indefinitely unless
some action Is taken by the governor to
put a stop to the war. It Is said that a
committee of citizens will wait upon
Governor Beckham and ask him to send
the state militia Into the county to pre
vent further depredations.
ACTOR HITCHCOCK
Implicated by Three Little
Girls on Serious
Charge.
.-T‘
If plans set on foot Thursday morn
ing by Congressman Lon F. Livingston
are carried to a successful termination,
the new mllllon-dollar postofflee In At
lanta will be constructed of Georgia
mnterlal and the money spent for It
will go to Georgia workmen.
And at present there Is every Indica
tion that these plans will be successful.
After studying the matter thoroughly
Thursday morning early, Congressman
Livingston sent a telegram to J. Knox
Taylor, supervising architect, asking
why the building could not be con
structed with an exterior of Georgia
granite and an Interior of Georgia mar
ble. under the bid of the Charles W.
McCaul Company, of Philadelphia. He
expects an answer to this telegram
Thursday afternoon and he is prepared
to submit figures to show that such a
plan can be carried opt successfully.
The McCaul bid was $869,590 to con
Continued on Page Two.
GOVERNORS MEET
Probable Now That Only
Three Will Be
Here.
RAYMOND HITCHCOCK.
Mile. Ragozinnikova Killed
Russian General
Monday.
St. Petersburg. Oct. 31.—Mile. Rag-
oxlnnlkovu. who assassinated General
Maxlmoffsky laet Monday, waa taken
from her cell at dawn today, hastened
to the ecaffold In the court yard and
hanked. The girl gloried In her deed
until the rope waa adjusted and the
trap sprung. Her smile of triumph
faded only with the convulalons of
‘^General Maxlmoffsky. after h* fell by
her hand, expressed the wish that Mile
Ragozinnikova be not executed. This
wlah waa dlaregardcd by the authori
ties. She was tried In the fortress and
sentenced to death on the same day.
Her death warrant waa signed yester
day.
New York. Oct. 31.—Raymond Hitch
cock, the actor, after being Indicted elx
tlmea on charges made by little girls,
could not be found In New York today.
The actor’s wife, ble attorney, his
bondsman and a number of private de.
tectlves searched the city for him from
the Battery to the Bronx, but there was
no clew to his whereabouts.
Mrs. Hitchcock, known on the stage
as Flora Zabelle. declared today that
her husband had met with foul play.
Ilia lawyer waa of the opinion that the
actor had either been murdered or
spirited away. , ,
Fritnda Fear Suicide.
The management of the As tor thea
ter. where Hitchcock failed to appear
for either matinee or night perform
ance, announced that he had gone to
Europe and hit friends mentioned the
fear that, driven craxy by the charges
mads during the last few days, he had
committed suicide. t
Hitchcock disappeared less than three
heurs before the grand Jury filed true
bills containing six Indictments on the
strength of accusations made against
him by Helen Von Hagen. Elsie Voecka
and Flora Whlston—the young girls
with whose stories his name has been
linked for the past week.
Wife an Armenian.
Flora Zabelle. the beautiful wife of
Hitchcock, declared he had been lured
...... and murdered by the band of
blackmailing Hunchaklst assassins
which terrified the Armenians of -New
York last summer.
His wife was Zabelle Mangasarlan,
daughter of a wealthy Armenian
preacher. The family lived on a mag
nificent estate on the Bosphorus be
fore It was driven from Armenia by
Ihe secret societies there, tearing that
he would be killed If he ever returned
to Armenia, Mangasarlan presented his
Armenian estate a year ago to Hitch
cock, who had married his daughter In
8t. Louis In May, 1905.
CRITICISM STOPS
COLLEGE BOXING
Raleigh. N. C„ Oct. 31.—Although an
other (the third) fistic encounter be-
tween the freshmen and sophomores
wo* planned for this afternoon at the
State Agricultural and Mechanical t’ol.
i,.„ here the announcement was made
after noon that the fight had been or
dered discontinued. In deference to the
severe criticism of the public and the
resolutions of the senior class last night
condemning the practice. .
And "Itaxlng” has not been sloped,
although that waa iba object of the
hew departure.
The
ranged
of Alabama, will 1* hold In tho private
library of Governor Smith at the executive
mansion Friday morning.
Juat how many of the chief executives
will be here Is not kuown yet. A pr6a»
dispatch stated that Governor Htranson, of
Virginia, would hardly be aide to come, at
ho had another pressing engagement. Gov
ernor Smith, however, bae beard nothing
from him. Governor Ansel, of South Caro
lina, one of the last to ln» Invited, has not
yet communicated with the governor luul
eating his intentions.
It teems probable now that the conference
will Include Governor Smith of Georgia.
Governor Corner of Alabama and Governor
Glenn of North Carolina.
Raleigh. N. C., Oct. M.-Goveruor Glenn
left this afternoon to attend the railway
rate conference nt Atlanta tomorrow, with
Governors Smith and Corner.
Before leaving he stated to the flearst
News service tnat he had not made any
agreement with anybody, nor baa he been a
party to any proposition for a compromise.
It la understood here be will oppose any
thing higher than the new North Carolina
law of 2>i cents a mile stipulates, until the
latter Is given a fa)r trial.
SAY HE INSULTED
HIGH SCHOOL GIRL
Thomas Hazelwood, of White Pine.
Tenn.. a carpenter, waa arrested (in
Thunday afternoon by Ofllcer Rowan
and la held at the police atatlon on a
charge of Insulting the pupil* .at the
Girl*’ High School. Hr soya he ha*
been on n spree and know* nothing of
any wrongdoing.
AMERICANS KILLED
AT VLADIVOSTOK
Washington, Oct. 31.—Dispatches
have been received by the state de
partment from St. Petersburg, confirm
ing the report that several Americana
were killed In the bombardment of
Vladivostok by Russian mutineers yes
terday.
PEONAGE IN SOUTH
TO CAUSE SENSATION
Washington, Oct. 31.—The attorney
general I* considering the propriety of
making public the sensational report
on peonage practice* In several South
ern states, submitted after a personi|
Investigation by his special assistant.
Miss Mary Grace Quackenbos. Certain
astounding disclosures may > make Its
publication undesirable at thla time.
Directions have already been sent to
the district attorneys of Alabama and
Mississippi to act upon this evidence
secured by Miss Quackenbos.
DR. GILLETTE IS
OUT ON BAIL
Atlanta’s banks have an average of $250,000.00 each to their credit in New
York City alone—they keep that much there all the time. New York, though, is
just now short of cash money because so much of it has been taken out of circula
tion temporarily.
Of all the money in the United States, which is over 3,000 million, more
than 2,000 million is now being held by individuals. This makes it hard for us to
get enough money until these people release it back into regular business chan
nels.
Atlanta banks have plenty of money, but have issued two million dollars’
worth of the above certificates to be used until they can get hold of the usual
amount of cash.
There are over 30 million dollars represented in Atlanta’s banks, and every
cent of it is behind these certificates.
Every certificate is worth 100 cents on the dollar, and The Georgian warns
the working people not to accept a cent less than their face Value for them.
ARE ACCEPTED AT
FULL FACE VALUE
PANAMA CANAL
TO BE WIDENED
Washington, D. C., Oct. 31.—
The Panama canal will be widen
ed ten feet, making 110 instead of
100 feet. This is the decision
reached by officials of the navj;
department after a conference at
the white house Tuesday, when
the question was considered at
length by President Roosevelt and
his cabinet. The determination
conference of Soutbera governors, *r- rcachctJilUL.tbe officials ju (ihatf-'U,
i ArThinfiwfflw of Owernor comer. 0 f tKe canal Work, it is thought,
was on direct advice from Presi
dent Roosevelt.
NEW GAME SEASON
OPENS ON FRIDAY
The bird season In Georgia will open
Friday.
Scores of Atlantans are getting ready
to go out on early trains Friday morn
ing to put In a day of quail shooting.
It Is expected that over a hundred
hunters will leave the city early In-lhe
morning.
According to reporte, birds are more
plentiful than they have been in years.
The past season nas been unueually
favorable for breeding.
MERCHANTS AND BANKERS
INDORSE NEW CERTIFICATES
George Muse—“The certificates are as good as gold. They
will be accepted by merchants.”
Frederick J. Paxon—“A wise, prudent move. The certifi
cates are as good as government bonds.” /
E. R. DuBose—“Certificates are worth 100 cents on the
dollar. I am pleased with the action taken,”
John MorriB—“It is a wise plan,' I fcannot conceive of a
more desirable form of currency.”
Asa G. Candler—“The certificates arc hacked by the re
sources of all the hanks combined. There is no chance for any
body to lose.”
Robert J. Lowry—“The cereifleatcs are. in my opinion, the
best money in the world.”
Robert F. Maddox—“These certificates are hacked by gilt-
edged securities. They arc the best circulating medium.”
C. E. Currier—“I do not know a single bank in Atlanta that
is not stronger today than twelve months ago.”
Race Results.
JAMAICA.
First Race—Glen Echo, 6 to 1, won;
Hooray. 1 to 2, second; Oat rich, 5 to 2,
third. Time 1:48.
OLEMSON DEFEATS
NORTH CAROLINA
Columbia, S. C’„ Oct. 31.—Cfemson
16. University of North Carolina 3.
ONLY A PASSING CLOUD
New York, Oct. 3!.—Justice Dowling
this afternoon prevented the execu
tion of the sentence of six months In
the penitentiary on Dr. Waller R. Gil
lette, formerly vice persldent of the
Mutual Life Insurance Company, by
Issuing a certificate of reasonable doubt
which will take the case lo the appel
ate division.
WOMAN KILLS SELF;
PUPILS IN PANIC
Hill a teacher In the House
at the foot of Dyckman street, com
mitted suicide today by shooting her
self In the head. The TOO girl* In the
Institution were thrown Imo a panic
and began rushing wildly through the
corridor*.
Miss Hill. 30 yean old. was a well-
known charity worker, originally from
Louisville. Ky. Two week* ago she
*- gun showing signs of despondency.
Certificate Plan Heartily
Approved by Atlanta’s
Merchants. ,
The action of the Atlanta Clearing
Houee Association, which on Wednes
day night decided to authorize the Is
suance of 32.000,000 In clearing houee
certificates, backed by ample securities
and protected by bonded trustees, has
met with the strongest Indorsement
from the leading merchants and busi
ness men of Atlanta, who will accept
tho certificates at their full face value
as willingly a* they would accept coin
or currency.
The flret of these certificates were
Issued Thursday morning and are being
accepted as currency by all business
houses. The merchants understand ful
ly the reasons for the action of tho
Clearing House Association and know
that the Issuance of the certificates la
merely a precaution to Insure a safe
and convenient circulating medium.
The banks began Thursday to ob
serve that section of the Clearing House
resolutions governing the withdrawal
or depoMta. No depoBltor waa permit
ted to draw in cnah more than 150 for
the day, and will not be permitted to
drtt V r mor '' than $100 doting the
week. This does not mean, however,
that all checks Will not be honored, but
that checks for more than these
amounts will be paid In the Clearing
House certificate* Instead of currency
or coin. The action of the association
is Intended to safeguard the supply of
ca*h on hand In the banks and to pre
vent the whipping away or hoarding of
coin and currency.
Statements from the leading mer
chants of Atlanta show that they have
perfect confidence In the certificate plan
and In the financial security of Atlanta
banks. From the bankers come full
explanations of the certificate plan, with
the reasons for Its adoption.
Last City to Take Stap.
Atlanta la the last big money center
of the country to take this step. It was
found advisable In order lo facilitate
the moving of the cotton crop and to
relieve the stringency of the money
market.
The securities, which will make these
clearing house certificates os safe and
as sound as government bonds, will be
placed In the hands of C. E. Currier,
(•resident of the Atlanta National
Bank; R. J. Lowry, president Lowry
National Bank, and W. L. Peel, presi
dent Maddox-Rucker Banking Compa
ny. This committee will compose the
trustees.
The certificates will be Issued In de
nominations of from 36 to 3600 and will
be as good as currency—In fact, will
be currency--and will be accepted In
payment of any debt and all debts, not
even excepting taxes.
Each of the aeven banks constitut
ing the clearing house association has
taken out 360,000 of these certificates,
and for this total amount clearing
house certificate securities to the value
of 3626.000 have lieen placed In the
hands of the trustees.
To Limit Cash Withdrawals.
In addition lo the decision to Issue
these certificate*, the clearing house
further determined to limit cosh pay
ments against all accounts to 3(0 per
day or 3100 per week. Exceptions will
be made In the case of pay rolls, for
which payments will be In certificates
In denomination* of 36 and over and
In cash In denominations of less than
that amount.
In taking this action Atlanta Is fol
lowing the same course already deter
mined upon and now being followed by
New York, Chicago. St. Louie, Phila
delphia. Cincinnati. New Orleans.
Nashville, Birmingham. Baltimore.
Louisville. Memphis, Montgomery. Mo
bile and other principal cities all over
the country.
Clearing House Banks.
The following banka compose the At.
lanto Clearing House Association: At
lanta National Bank. Lowry National
Hank, Fourth National Bank. Maddox-
Rucker Banking Company. Neal Ilank.
Third National Bank and Central Bank
and Trust Corporation.
All the other banks In the city hgve
adopted the same plan a* that adopted
by the banks of the clearing house
association.
The following are the resolutions
adopted by the dearths house ataoclg-
tlon:
The Resolutions.
In view of the action taken by the
New York clearing house, and suhse-
iinenttv adopted bv Chicago. St. Louis.
Philadelphia. Cincinnati. New Orleans. ■‘3
Nashville. Birmingham. Baltimore.
Louisville. Memphis. Montgomery, Mo
bile and many other principal c.ttes
throughout the country, restricting the
shipment of currency and the restric
tion of other business to Its proper
channel, the clearing house; therefore,
he ft resolved by the Atlanta Cleat Ing
House Association:
t. Tliat until further notice collec
tions and bank balances he settled In
exchange of clearing house certificate..
That check* drawn on the meni-
Continued on Pags Twe.