Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, November 01, 1907, Image 1

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THE WEATHER. For Atlanta and Vicinity—Cloudy and unsettled weather, with ralii tonight and Saturday. The Atlanta Georgian and news SPOT COTTON. Liverpool, easier; 5.53. Atlanta, quiet; 10 3-10. New Orleans, holiday. New York, steady; 10.90. Savannah, steady; 10^4. Augusta, steady; 10V VOL. VI. NO. 76. ATLANTA',' GA., FRIDAY, NOVEMBER 1, 1907. pp rriTT* In Atlanta..TWO CENTS. I lilGIV, on Trains..FIVE CENTS. AGREEMENT YETJREACHED Governors Give State ment After Long Conference. GLENN AND COMER JOIN HOKE SMITH Governors Permit No Inter ruption but Glenn Talks a Little. . 00000000000000000000000000 o a O DISCUSSION COVERS LEGAL 0 0 AND BUSINESS PROBLEMS. 0 WAITING FOR THE NEWS FROM THE MANSION] | ■r*" ,0 At 2 o’clock Friday afternoon tho 0 0 following statement was issued 0 0 to the press from tho oxecutivo O 0 mansion in reference to the con- O . 0 ference between Governors Smith, 0 0 of Georgia; Glenn, of North Car- 0 ,0 ollna, and Comer, of Alabama: 0 .0 "Wo have been in conference 0 0 all the morning discussing the sit- 0 0 uation in our reepective states. 0 0 Our dlaeusaions have covered 0 the legal as well as business prob- 0 0 Isms which confront us. Nothing 0 0 definite has been done.” 0 O 0 At 2 o'clock Friday afternoon the conference between the governors and special attorneys at the excutlve man sion. in progress, behind closed doors since 9:20 o’clock In the morning/ ad journed for luncheon. The vlaltora were the guests of Gov ernor and. Mr*. Smith at luncheon. I was announced that ' the conference would continue Friday afternoon-until « Wte hour In ail probability. Gov ernors Comer and Glenn will probably leave the city Friday night. A conference of probably far-reach ing Import to the rate question In the South, apd particularly to Georgia, Ala bama and North Carolina, began In the private library of Governor Hoke Smith at the executive mansion Friday morn ing at 9:30 o'clock. Behind the closed doors Governor Hoke Smith, of Georgia; Governor Rob ert Brodnax Glenn, of North Carolina; Governor Braxton Bragg Comer, of Ala bama: Railroad Commissioner W. D. Neabltt, of Alabama; Judge L. D. ■Weakley and Colonel H. O. Selhelmer, the last two special counsel for Ala bama In the rate fight there, discussed the Issues. -Attorney Genoral Hart, Judge J. K. Hines and Hon. Hooper Alexander were present representing the state of Geor- Governor Comer and party arrived In the city Thursday, stopping at the Piedmont. Governor Glenn did not reach Atlanta until early Friday morn ing. and he also went to the Piedmont. At 8:30 o'clock Governors Comer and Glenn hod breakfast together. Colonel F. B. Arendell. of The Raleigh News and Observer, who hpa been In Atlanta about a week on business, breakfasted with them. He Is an old friend of Governor Glenn's, but Is not taking part In tho conference. Peculiar conditions exist In the three states interested In the conference here, and this may make It difficult to reach any general ucheme of compromise. The rates - In Georgta and Alabama were promulgated by the railroad commis sion and would be subject to revtalon or changes by those bodies without leg islative authority. Carolina Rate Fixed. Rut the North Carolina rate of 2 1--I cents por mile was fixed by statutory enactment, and can not be changed without authority of.the legislature. In Alabama Governor Comer has ahmed a compromise agreement for • 2 3-4 cent rate on the Southern and branches, and the Mobile and Ohio. This compromise provides for 2 1-2 cent 600-mlle family mileage book and a 2 1-4 cent 1,000-mtle book. According to the agreement signed by the governor and the roads, this rate Is to go Into effect on December 1, and la binding on all parties dt Interest. All pending legal proceedings are to be dismissed. Governor 8mith’e Position. As It well known, Governor Smith stands upon a flat 2 1-2 cent rate for all lines In this state, with a 2 1-4 cent 1,000-mtle family book and a 2- cent 2,000-mile family book. The opin ion prevails in some quarters that the existing rate, with Its sliding scale of 2 to 2 cents in Georgia, will be rescind, •d and the proposition of the governor put into effect. Governors Glenn and Comer talked freely Friday morning, bjit not about any probable propositions or actions of the conference. In reply to a question as to whether he could make any agreement here binding. Governor Glenn said: "Not unless the general assembly ap proved ,U. ,That body fixed the passfti ~ FOR JOSTOFFICE Sends Telegram to Wash ington After Resolu- . tion’s. MEN WHO CONFERRED gar rate in North Carolina at i i-4 cents, and I must stand by it until the some body sees proper to change it.” "When does your legislature meet again r’ he was asked. “Not for mdre than a year.” was the reply, but he added with a significant •mile, "I have Authority to Invoke a special session at any time it may be come necessary." "What do you think of Governor Smith's compromise idea of the Hat Continued on Page Three, Resolutions urging the use of Geor gia mHrble and granite for the new postoffice building were passed Friday dt a meeting of the Chamber of Com merce directors and a copy of these resolutions was sent by wire to J. Knox Tnylor, supervising architect at Wash ington. It Is pointed out In these resolutions that, as there Is plenty of niirblo and granite within a short distance of At lanta (hat will be more satisfactory than limestone, the building should be constructed of this material. The di rectors also give it as their opinion that an ideal combination for the building would be Georgia granite for the ex terior and Georgta marble for tho in terior. The following are the resolutions: Chamber Resolution!. "Whereas, The supervising architect of the treasury department, Mr. J. Knox Taylor, has intimated that In or der to keep the cost of the Atlanta post- office within the limit of a million dol lars, It may be necessary to use lime stone instead of granite or marble, and ••Whereas. Within a short distance of Continued on Page Three. O0000000O0000000000O0000Q0 o o 0.UNSETTLED WEATHER 0 0 18 THE OUTLOOK. O - 0 O Forecast: 0 0 '"Cloudy and unsettled weather, O 0 With rain Friday night and Rat- O O urday." 0 0 Friday temperatures: a 0 7 a. m ..47 degrees O 0 8 a. m 48 degrees 0 0 9 a. m. 50 degrees O 0 10 a. m 52 degrees O 1 Oil a. m 66 degrees Oi 0 12 noon /. .69 degrees 0 O 1 p. m 60 degrees O 0 2 p. m 61 degrees O O , O O00000000000O00O000OOO00CK. O 0 O ROOSEVELT WILL AID 0 0 IN BUILDING CANAL. O O 0 0 Special to The Georgian.. O 0 Macon, Oa.. Nov. 1.—Postmaster 0 O Edwards, of Macon, has received 0 O a letter from President Roosevelt O 0 In which he Indorses the proposed '0 0 canal to connect the Atlantic O 0 ocean with the Mississippi river 0 0 through the South Atlantic cotton O 0 belt, and promised his assistance O 0 In Its development. O 0 ' O 0000O0O000000O00000OO0000O Race Results. WAR DEPARTMENT REVOKES IfS ORDER AGISM-COLA Asserts Original Order Was Based on Information. Army Posts Advised. GOVERNOR HOKE SMITH, Of Georgia. GOVERNOR ROBERT B. GLENN. Chief Executive of North Carolina. JAMAICA. First Race—Frank Lord. 10 to 1, won; East End. • to 1. second; Pantoufle, even, third. Time 1:14 1-5. Washington, Nov. 1.—The following order from the war department re vokes the former order prohibiting the sale of Coca-Cola In army post ex changes. By the same order the gov ernment states that no cocaine or al cohol was found In the analysis by the agricultural department. The report further states that the original order prohibiting the sale of Coca-Cola In post exchanges was based on Information which later, by a care ful analysis, was proved to be incor rect. The following order, reproduced In full, has been sent to every depart ment of the United States army from Washington to the’ Philippines, and immediately permits the sale of Coca- Cola at post exchanges: • October 29. 1907. ■ The Commanding General, Philippine Division, Manila, Philippine Is- lands: Sir—The manufacturers of the bev erage known and sold as Coca-Cola .having appealed to the secretary of war to revoke the Instructions Issued by the war department on June 17. 1907, directing that the sale of Coca- Cola by army post exchanges be dis continued, and the papers In the cas^ including a report by the chief of the bureau of chemistry, agricultural de triment, as to the composition of the iverage, having been referred to the judge advocate general of the army, that officer has reported as follows: ' • October 29. 1907. Fourth Indorsement. War Department, Office of the Judge Advocate Gen eral, Washington, D. C. Respectfully returned to the adjutant general. The only legal prohibition In respect to the sale of beverages at military posts, or at places within the exclu- slxe Jurtsdicltlon of the- United Rtstes, • Is that embodied In , the act of Feb ruary 2, 1901. which provides that: "The sale of or dealing In beer, wine or any Intoxicating liquors by unx person In any post exchange or can teen or army transport, or upon any premises used for military purposes by the United States, la hereby prohib ited." Sec. 38. Art of February 2, 1901 <31 Slat. L., 758). The sole of the syrup or beverage known as Coca-Cola was prohibited upon the representation that It contain ed 2 per cent of alcohol; Incidentally the presence of other harmful Ingre dients, In small quantities, was report ed, but the prohibition was largely based upon the presence of slcoho! in the quantity above noted. .’ The substance lias been submitted to and examined by the chief of the Bureau of Chemistry of the Agricultu ral Department, from whose report It appears that the beverage contains no appreciable quantity of alcohol. It also contains no cocaine, and but a small quantity of caffeine. The result of the Investigation has therefore been to show that the original order of exclu sion was based upon data In respect to the presence of alcohol which, upon a thorough chemical examination, are EC Cortelyou Trying to Devise Means to Help Situation. New Orleans, Nov. 1.—Bankers this city ore In communication with Secretary Cortelyou to devise means to handle the cotton and sugar crops. Mr. Cortelyou has Informed local financial men that he Will investigate the posit billty of paying out cash at the New Orleans sub-treasury for money depos ited by European cotton buyers with United States fiscal agents abroad. Several local exporters announced that they stand ready to do business lmme diately on. this basis. Handling of spot cotton continued here today, although the banks were closed on account of All Saints Day, a state holiday. The future trading branch of the cotton exchange closed for" the day, but the exchange re. nrained open for spot business. May Establish U. 8. Bank. Leaders in national finance are de termlned that, whon congress at last gets around to doing something for tho currency, It shall, if possible, be In duced to establish a great central bank of Issue. It Is realised that to achieve tills means a long and hard fight against the prejudices .of congress, many of whose leaders arc determinedly op posed not only to give the banking In general, but even to making any con. cession to the demand for a more elas. tic currency. Nevertheless, men who have most closely studied ilnanclsl conditions and who are powerful In the highest bank ing circles, are fast becoming convinced that the central bank of. Issue which has demonstrated its safety and use fulness in England, France and Ger many, is the one thing-short of which any currency reform will be weak and Ineffective. National Banks Reipond. . Responses of national banks to ill tre:i“!l.-y department's leeen: upp-ul fm- more circulating medium, continued to reach, the comptroller of tho currency today by mall, wire and by iong-dls- tance telephone. Up to nobn «eve fa! hundred telegrams of Inquiry had been received. Treasury officials, however, point out thouthere must be no retrac- lon. Although tho recent flurry In New York city Is considered "a closed ,Inci dent," it le a fact that the customary exchange of credits and currency be tween the metropolis and leading cities, has not yet been restored. The result has been a curtailment of trade throughout the country. Knickerbocker's Ractlvers Work. ' New York, Nov. 1 1.—George L. Rives, General Henry C. Hyde and Erneat Thalmann, the temporary re- cetvera for the Knickerbocker Trust Company, began their duties today after Mr. Hives, the new receiver, se lected to fill the vanoancy caused by the retirement of Otto C. Bannard, In a bond of 150,000. Portsmouth Bank Fails. Portsmouth, Va., Nov. 1.—The Peo ple’a Bank, of thle city, failed this morning. The Institution was estab lished In 1893. It has a paid-up capital of 960,000, and Its deposits are estt mated at 3470,000. DUEL CALLED OFF; FRIENDS SEEK TO ADJUST AFFAIR Rpeclal to The Georgian. New Orleans, La., Nov. 1.—The threatened meeting of Lieutenant Gov ernor Sanders, now a candidate for governor, and Donaldaon Caffery, Jr. •on of a former United States senator from Louisiana, on the field of honor, Is not likely to take place. At the meet ing of the friends of both, at which both sides contended that an apology was due their principal from the other, the matter was Anally adjusted. Friends of Sanders will not consent to allow his withdrawal from the gubernatorial race, which would be Incumbent on him were the challenge of Caffery accepted. JUMPED BEFORE* FLYING TRAIN New York. Nov. 1.—An unknown man who had just tom a letter Into small bits killed himself today by leaping In front of a fast passenger tratif from New Haven at the One Hundred and Eighty-third street and Park avenue station. E RATE E I Submit to Governor Plan For Flat Rate. A plan to solve the pasesnger rate question in.Georgia and other Southern states In which legislation has recently been onacted was submitted to Governor link.' Sinlih Friday by a largo number wholesale merchants of Atlanta, business men who. are wholesale con Burners of transportation. And If this plan Is adopted tickets for Interstate and intrastate traffic will sell at the same price. The plan calls for a flat rate on nil roads of 2 3-4 .cents a mile, an increase Inside the state, but a reduction for Journeys which go over the state lino into other states. It alBo calls for the Issuance of inter changeable mileage .books good on any roads and good both Insido and outside the stnte for 2 1-4 cents per mile. Il addition to tills,' It provides for a mile age book of 500-mllo denomination, good on the road Issuing It and Insido the state for any member of a family, at a cost of 2 1-2 cents a mile. While this action has been taken by the big wholesale men of Atlanta—the men who have many traveling men on the road and who pay the railroad fares of these men—It Is understood that such a proposition will bo considered favorably' by the railroads and will be accepted by them. The plan was submitted at this time because of the conference of governors of various states now being held at the capttol. The following is the communication submitted to Governor Smith: The Merehsnts’ Letter. Atlantn. Ga., Oct. 31, 1907. Hon. Hoke Smith, Governor, Atlanta, Dear Sir—Observing by the public pye;s that a conference between the governors of several of the Soutlie states is about to bo held In Atlanta b consider matters relating to the conduct of railroads, and it being reported that the matter of passenger fares Is one to be considered, we, the undersigned merchants of the city of Atlanta, inter ested In the continued prosperity of our state, beg to present to you the follow. Ing views: 1. We are In full accord with you that the relationship between tho rail roads and tho publlo requires vigilant railroad regulation. 2. We believe that It Is of the ut- perlty of our state that the railroad service be Improved and that their pub lished .schedules should, be.maintained.. 3. The question of reduction in pas- _nger fares, affecting as it dot great body of people, Is a very fru source of agitation, and we deem It of tho utmost importance nt this time to allay unfavorable criticism of corpora tlons, in so far as it may be done with, out Injury to the public good. 4. We believe that It would be ad vantageous If at your conference some agreement could be reached that would be equally acceptable to the state au thorities add to the railroads. In the settlement of the question of passenger found not to exist to the extent sup. posed when the matter was first sub mitted to the secretary of war for ad ministrative action. As the legal rea son for the establishment and enforce, ment of the prohibition no longer ex ists. It Is recommended that the order of exclusion be revoked. GEORGE B. DAVIS. Judge Advocate General. The acting secretary of war concur ring In the vlewe of the Judge advocate reneral of the army, dlrecte. that any instructions heretofore given prohibit ing the eale of Coca-Cola at army poet exchangee be revoked. Very respect fully F. C. A1NSWORTIL The Adjutant General. (Seel.) 00000000000000000000000000 O The Adjutant General'e Office, O Official Copy. O War Department. O _ o 00000000000000000000000000 e comn^id to your favorable con sideration the basis of adjustment of this particular matter as recently reached by the state of Alabama, vis.: (a) A straight local passenger rate . two and threa-quartsr cents per mile; this rate to apply both on Intra and Interstate business. <b) Mileage books In denominations of one and two thousand miles, re spectively. at a rate of two anil one- quarter cents per mile: the sanv to be Interchangeable among the different roads In this territory, and to be good both Intrp and Interstate. (c) A mileage book of the denomlna. tlon of five hundred miles at the rate of two and a half cents per mile, to be used by families, or members thereof, the same to be good only within the state, and only on the line laming the same. The following are among the ilgners of the communication: Those Who 8igned. L. H. Beck, president Beck & Gregg Hardware Company; A. M. Robinson Company, by J. N. Robinson, president; M. C. Kiser Company, by Gordon P. Kiser, president; Dougherty-Ward-Lit tle Company, by W. A. Ward, secretary and treasurer; Arnold Hat Company, by C. L. Arnold; J. K. Orr Shoe Com pany, by J. K. Orr: Dobbs & Wey Company, by H. B. Wey; Frank E. Block Company, R. D. Spalding, John Silvey Company, by W. A. Spear; At kins. McKeidln & Brown Company, by L. W. Brown, secretary and treasurer; Grainllng-Spaldlng Company, by R. D. Spalding, president: John A. ISoebfing & Sons Company, by A. M. Whaling, 8. A.: W. W. Stovall & Co., by W. W. Stovall, president: Oglesby Grocery Company, by J. O. Oglesby, president; W. L. Peel; Old Dominion Guano Com pany, by R. J. Maddox, treasurer; In man, Akers & Inman, Southern Spring Bed Company, Atlanta Milling Com pany. Southern Furniture Company, J. J. & J. K. Maddox. Furman Farm and Improvement Company, by A. D. Adair; A. D. Adair Sc McCarty Bros., by J. D. McCarty; Marietta Fertilizer Company, bv J. R: Porter, treasurer; A. P. Mor gan Grain Company. Atlanta Paper Company, by I. Lleb- man, president: Pittsburg Plate Glass Company, by R. 8. Wesaels, manager; the Coca Cola Company, by Aaa G. Candler, president; the Georgia Granite Company, by W. H. Patterson, presi dent, and many others. It will be seen from this that under the plan proposed passengers will save a quarter of a cent a mile on Interstate Journeys and as many of these an-1- ng| ones in the South the saving will dbnsfderabie. IS Certificates Accepted Without Least Hesitancy. CHAMBER ADOPTS ' RESOLUTIONS Clearing House Action ,Works Without a Hitch m Atlanta Business. * 00000O0000GO000000000O<Hj0a 0 BANKS' BUSIEST DAY 0 0 WENT WITHOUT HITCH. 0 "j* v O 2 better proof of the strength 0 O of the local bank* anti tho confl- 0 2 dence of tho people in the banka 0 u could be produced,” stated Colonel O 2 R. P. Maddox, of the Maddox- O Q Rucker Banking Company, Friday O 2 afternoon,: ‘‘than the case with O 2 which business has been transact- O O ed in the city today. $ 2 J!* 1 the days In the calendar 0 O year. November 1-Ih the buMest in O 2 thq city and country banks; and 0 v yet collections have been splendid O Q and in every way the banks In this O 2 section have moved along as O O smoothly as they ever did." 0 O000000000000000O0GGG0000G That the action of the Atlanta Clearing House Association in issuing clearing house certificates to relieve the strin gency In the money market is meeting with the aprpoval of the merchants ami business men of. the city generally Is evidenced by the acceptance of these certificates at their fnce value by prac tically every business house In the city. The bankers naturally expected that me people, not understanding tM ax- act purport and tho real value of the certificates, would protest or raise-ob jections, but from the first—from Thursday morning to Friday afternoon —everything has sailed tut smoothly ns If there was no financial trouble in New York or anywhere else. "This Is explained.” stated Colonel R. F. Maddox, of tho Maddox-Rucker Banking Company, "by the fact that the people of Atlanta know that what has been done by tho Atlanta Clearing House Association- had already been dono by the clearing house associations all over the country. "Tho very fact that Atlanta was the last big money center that issued these certificates and had to take‘the pre cautionary steps necessary to supply an elastic currency with which to tide over the emergency and move the cot ton crop, was calculated to create ad ditional confidence In the strength of the local banks. "When the solid strength and tha combined resources of Atlanta’s seven l-lv 1-links nr.- pul behind every certifi cate, together with the fact that for every certificate Issued to tho amount of one dollar unem- cumberea security is given to one and a half times that amount, there can be absolutely no doubt that the certificates are as good as any money ever made—In fact, the certificate! are money." Merchants Indorse Plan. Tha merchants, practically without exception, liavo Indorsed the plan pur sued by the Clearing House Associa tion, and the certificates are being ac cepted for the purchase of any mer chandise of whatever kind, for the pay ment of debts, taxes and board, and are accepted by the banks on deposits. ■ While the Clearing House Associa tion'decided that 22,000,000 of these certificates could be Issued, it is not be lieved that the full amount will be Is sued. •The total.” stated Colonel W. L. Fasl, "will not reach a million. The certificates come back to the banks and are re-issued and so It is not neces sary to Issue tha full 12,000.000." Small Amount Issued. No definite figures as to the amount of certificates Issued could be gath ered, but it Is estimated that the. amount now out la not more than 320,- 000. The certificates are not only accept ed at their face value by all the busi ness houses In Atlanta, but from all over the state has come requests from country and email city banks asking for shipments of the certificates In stead of currency. The certificates are already loosening up the money market and the cotton market will be moved, it Is thought, with little trouble, as far as the finan cial situation ta concerned. "It is a splendid, a wise move.” stated Mayor Joyner Friday morning, "and I wish to Join the merchants of tho city and the Chamber of Commerce In congratulating the clearing house as sociation for adopting this splendid method of relieving the situation. I would not exchange 31.000 of certifi cates for 2999.90 of cash." Recall 1893 tseue. recalled that In 1193 condition- t-> th,.s» prevailing now cesaltated the Issuance of clearing house certificates The banks were authorized to Issue 3500,000 of certifi cates, hut found It necessary to Issue only 3129.000. After the stringency was relieved the certificates began to come back In. and every single on- was returned to the banks but one 320 certificate. All ef- Continued op Page Throe. similar