Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS.
SATURDAY, APRIL 85, 1908.
THIS 1$ WHAT THE DEVELOPMENT OF FORSYTH ST. MEANS
I have been asked a number ot times
since the proposed development of
Forsyth street was published. If It was
not such a mammoth task that It Is
slmost impossible to accomplish It
1 have also failed to hear one ad
verse criticism as to the desirability of
carrying out the plant as outlined for
Improving the street, vl*.: by doing
sway with the present bad grades on
the street, as far as possible, putting
modern sidewalks and street pavement
on it and changing the unsightly en
trances and bad approaches to the For.
,yth street viaduct, which largely oper.
ate against Its usefulness:
First. By the general public as the
most direct connection between the
north and south side of the city, and
from the north side to the Terminal
station-
Second, As the most convenient and
Street route for our lire department to
»nv point on the north side.
Third. As furnishing the most direct
route between North and South Atlan
ta for the etreet railway company,' In
order to relieve the congestion at the
junction of Peachtree, Edge wood ave
nue Decatur, Marietta and Broad
etreets and on the Whitehall and
Bread street viaducts, which conges
t|on will Increase as the city grows.
I have answered that as compared
with the work I did In securing an
option on SOO acres of land near the
pumping station at Chattahochee river,
which answered every requirement of
the United States government, and In
Interesting the necessary capital to en
able me to offer It absolutely free to
the city of Atlanta when It secured the
Federal prison with a guarantee to
build an electric line to the property
for the purpose of hauling the freight
and passengers Into and out of the
prleon reservation. It Is easy.
I did not get any compensation for
my work, but I reduced the price of
the site to the city to about one-fourth
of the likely cost without any com
pensation.
That as compared with securing 400
options In West Atlanta In order to se
cure the right of way Mr. H. M. At
klnson now controls—It Is a baby.
If my plans had been carried out In
that matter the whole map of that
section would have been changed, and
It would have been made an attractive
section, with a rearrangement of the
etreets and blocks and with Alabama
street extending as straight as a crow
can fly, to an Intersection with Marietta
street at Howell Station, with railroad
tracks a proper distance on either side
of It, so as to provide the most desir
able wholesale and manufacturing
property In the South, and place a
union station at the end of Alabama
street, but Mr. Atkinson and the rail
roads refused to co-operate with me,
e"dj 1 ’vMo abandon it.
it would not have coat any m6re to
carry out my plans than It has cost
the several Interests to provide their
terminals, and would have relieved the
present congestion In their freight and
passenger terminals and served the
public much better and proven the big
gest kind of money saver and maker
for all of them and poor old "Hobo
Hollow" would not look as It does to
day.
It was no small Job to get options on
the block surrounded by Walton, Cone.
Poplar and Falrlle-sts., and ••buck"
the First Baptist church people and my
friend E. P. Black, and make them re
duce the price of the site for the post-
office to meet the appropriation that
bad been made to buy It with; but I
offered my block at a hundred and sev
enty thousand dollars and they hod to
reduce theirs to two hundred thousand
or lose the sale, which they did. So I
had another case of good experience
and no commission, but I will even up
before I get thru with Forsyth-st.
I have spent the last four years of my
business life largely developing Analey
Park, and It speaks for Itself.
It takes time, money and Intelligent
effort to accomplish anything worth
while, and as I am not In the habit of
getting hold of eaay Jobs, I am not
afrjUd of undertaking the modernising
and development of Forsyth-st.. when
i realise how large an Influence I will
have behind me, as shown by the list
"f tax payers on tho accompanying
rasp Their interests and mine are
Identical, and that I will get their co
operation atands to reason.
PftopeHTY owners on Peachtree and forsvth Sts,
Between DakERiA«o. u MiTCtt£Ll STS.
..aKAHLIMH tit t
They are the largest tax payers both
to city and county, and as tha county
has co-operated In bringing other
streets to proper grades, it will likely
do so In this Instance.
The city owns .fhe Are headquarters
at the end of Alabama-st., and la Inter
ested In securing the easiest, ■ best and
quickest route to the north side of the
city; It Is Interested In securing the
present postofllce for a city hall; It Is
nterested In making the Carnegie li
brary as available to all sections of the
city as possible.
The state Is Interested In having Its
property at the comer of Peachtree and
Cain made as valuable as potslblt. The
city and county are Interested In In
creasing taxable values, on Forsyth-st.
The United States government Is In
terested In making Its property as valu
able and available as poslble.
The street railway and publlo utility
corporations are Interested In getting
additional quick cross-town connections
and making their headquarters as con
venient to each section as possible and
don’t object to having their property
Increased In value.
Tho taxes the property owners show
on the map, pay to the city and county
entitles them to anything they want,
that Is reasonable, and particularly so
when It tends to beautify and Improve
a street and Increase Its usefulness and
Increase the taxable values of the prop
erty abutting It.
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Plan of Financing the Proposed
provaments on Forsyth-st.
In Paris all blocks of buildings
to be uniform and symmetrical,
lanta haa only four or five blocks of
that kind, vis.:
Mr. 8. M. Inman's, near the Terminal,
Captain J. W. English’s block on For
syth. the block on the west side ot
Whitehall between Alabama and the
viaduct and the block on the eaat aide
of Pryor-st. between Edgsfrood-ave.
and Aubum-ave. '
The Unit Plan.
In Beattie, Los Angeles and San
Francisco i a whole block of property
will be deeded Into a trust and each
owner wtll share In the combination
according to the value of his holding!.
An agreed ground rent !■ decided upon.
A complete plan for the buildings to be
erected on the lot are prepared which
usually provides for several storlee, as
It takes a four-story building to take
care of the Interest on the value of a
central lot, the building, taxis, Insur
ance and other fixed charges and above
that point is where the greatest nst
rental values are shown, as ench floor
above the second: has about the same
rental value and only the actual cost
of erecting -all floors above the fourth
are properly chargeable to the floors
above that point.
After the posslbU rentals from the
proposed buildings have been arrived
at, a long time loan or bonds are placed
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on the property at a low role of In
terest up to CO per cent or CO per cent
of its reasonable market value, based
on the rental values shown.
Then 15 per cent or 10 per cent of Its
value Is Issued In the nature of small
denominations prefererd stock accord
ing to the net rentals shown after pro
viding for all fixed charges such as
ground rent, taxes.
Insurance, repairs and Interest on the
loan or bond, drawing C per cent or 7
per esnt. .
The trust company or a strong syndl.
cate underwrites the balance of the cost
of the lot or ground rent and the con
templated Improvements and guaran
tees all the fixed charges against the
property. Including the Internet on the
bonds, nnd also on the preferred stock,
and takes all or an agreed part of
common stock. The common stock does
not draw any, dividend until a certain
portion of the preferred stock has been
retired at )10C. When all the preferred
stock has been retired a sinking fund
Is provided to retire the bonds; after
the bonds are retired the common
stockholders own tha property unin
cumbered. This Is i the most modern
and approved way of financing high-
class central fire-proof Improvements.
The owners of the properties I have
under option have agreed to co-operate
with me In every way poaalble, and tha
majority of them are willing to take
either bonds or preferred atock up to
about 75 per cent of the option price of
their property, and I have assurances
from strong financial friends who are
willing to help me promote the Intend
ed Improvements.
$11,000,000 In Atlanta Savings Bank
Last Summer.
Aa I expect to Issue small denomina
tion bonds and preferred stock from
5100 up, bearing from G per cent to-7
per cent interest, I con easily demon
strate that these securities, based on
central real estate with the interest
properly guaranteed, not only beats .
saving banka 11-2 per cent to I per j
cent In point of Interest, but that they
are much safer Investments as first
mortgages an than an ordinary prom
issory note. And the small inveator I
likes good Interest rates and good se
curity as well as the larger ones do.
Real estate oan not be removed and
dishonesty can not affect It over night.
ILL ora HUM
Queer Freaks of Wind Are
_ Shown in Incidents of
the Nightl
MR. MARBUR YIS NOT AFRAID
TO FA CE A UDIENCE AT GRAND
This Is the worst storm Atlanta haa
JT* r isperlenced." said Police Captain
onepard, of the morning watch, Satur-
car moralng. after having driven prac.
hcaliy over the whole of the city.
* found houses unroofed and badly
aemollshed, trees, fences and poles
,25'"’ and In many places the streets
f? d , *!dewalka badly washed and
blocked. The total damage will run
,* ay “P Into the thousands, but It Is
bnpoMible at present to form any defl-
"He eatlmata. In tha houses where the
roofs were tom away or holes blown In
J, * rooft, the water, of course, poured
“own on the furnishings In great
* ,f am * and did Incalculable damage.”
k , Jennings states that no deaths
cave been reported from this vicinity as
ii,. r f' ult of storm. It Is reported
.“l “he woman was slightly Injured
IP th « home of Mrs. W. E. Chester, 400
T.pj'^-ave. The roof wa» blown off
of this hou-e,
P°kce report that the worst
'P' 1 ** w** done In the Immediate vl-
inlty Of Prospect Place and Htghland-
Fhere a number of houses were
unroofed and otherwise damaged.
following are the principal Items
ih. ma *® reported bvAhe members of
5* rooming watch wflen they came off
r duty Saturday morning:
Two Churches Injured.
Allen Temple, colored church, at Fra-
!‘' f an d Clark-sts., hole blown thru the
f-wnexer Baptist church, colored, at
,L 11 Qllmer-its., steeple twisted by
Tornadoes may tear and rains may
soak, but Weather Forecaster J. B.
Marbury will carry out his part of the
program In ’’The Deestrlck Skule" Sat
urday night at the Grand.
Be It known that Mr. Marbury will
make his debut on the stage, and to
those of his friends In the audience he
desires to say that he had nothing to
do with the tornado and rain of Friday
night, and he asks that they will not
charge him with It.
In other words, If Mr. Marbury’* sct-
Ing is all to the good, give him a good
hand and don’t whisper to your neigh
bor that he Is the man who caused your
flower pots to be blown off the front
porch Friday night. He declares he
didn’t know there was that much com-
t pressed air bottled up In the clouds.
"I knew there woe some little hot air
around these parts,” he says, "but I
knew nothing of this other kind."
Mr. Marbury will be one of the tail-
timber rube committeemen wbo will In
spect "The Deestrlck Skule’’ at the
Grand Saturday night. With him on
the committee. will be Joe J. Hobby,
Eb T. Williams, B. W. Bradford and
Joe Auerbach.
In addition to the comedy itself, there
will be a half dosen specialties. of a
vaudeville nature, which promise to be
a show In themselves. The advance sale
of tickets Indicates that there will be a
crowd present to witness what will
probably be one of the best amateur
performances ever put on In Atlanta.
Medical and Dental Students
Hear Addresses at the
Grand.
LOCKED IN DRIFTING CAB,
MR. AND MRS.SCOTT DESERTED
BY STORM-SCARED CABBY
of 82 West Catn-st. was undermined
and collapsed. The rear ot a three-
•tory house rested on the wall and was
badly damaged, being left swinging In
the air. A stable also fell with the wall
and tvaa demolished. There was but
one hors* In the stable and lt escaped
unhurt.
The bam In the rear bf the home of
Mre. J. M. Carter, 285 East Fa!r-st„
wo* blown down. Lightning also struck
the front door of the house and tore It
away.
At the home of Estes Grady, 279 East
Falr-st., lightning tore away a great
section of the roof, causing It to fall
down Into a bedroom occupied by two
women. Neither of them was hurt,
altho they hod a narrow escape.
Lightning struck nnd demolished a
chimney at the home of James A. Ma-
glll, 281 East Falr-at. A portion of the
roof was also blown away.
At the home of M. J. Sommerfleid, 394
Central-ave., the chimney and part of
the roof was blown away. Mr*. Som
merfleid nnd her aunt were alone In the
house at the time. Mr. Sommerfleid be
ing abeent on a business trip.
The roof was tom off of the home of
A. V. Woods at 395 Central-ave. The
house was badly damaged.
The house at 400 Central-ave., occu
pied by Mrs. W. E. Chester, Is also
minus Us roof. A handsome piano was
Ind and left suspended In the air.trained and ether damage done. It Is
. - .. . - . . , here (hat a young woman, residing In
the house. Is reported to have been
slightly hurt.
'>nc-haSf of the building occupied by
, Acme Mattress Company at JacK-
*n and Irwln-sta.. blowu down. The
factory is a one-story frame structure. All of the mg signooams bdoui inm m m».
A twenty-foot stone wall in the rear old show grounds at Jackson and Old etuis.
Wheat-sta., wer# blown down, several
of which completely blocked Irwln-st.
Freaks of Storm.
There is a stable In the rear of a va
cant house at Boulevard and Irwln-st..
the roof of which wa* picked up by the
wind, carried acrose a vacant lot and
aet down In the adjoining yard.
At Central-ave. and Allce-st. the
pavement was washed from around a
manhole and It was left In a dangerous
condition,
At Central and Woodward-ave*.
great section of the sidewalk w
washed away.
A considerable portion of th* tide-
walk In Decatur-st.. between' Fort and
Hllllard-sts., was also washed away.
At the home of Police Sergeant La
mar Poole, 114 Irwln-st., a hole was
tom In the root aa a result of which
the hall wae flooded.
All of the chimneys of the borne of
Councilman B. Lee Smith, of 171 Hlgh-
land-ave., were knqcked off by the
storm, and neighboring homes suffered
the same misfortune.
On Johnson-ave- near the comer of
Howell, the chimneys of several homes
were knocked off and the roofs broken
In.
A Brazilian lance-head-, viper, the
moat deadly of all known reptiles, and
the only one ever brought to this coun
try, has for aevarsl days been kept In
the Bronx zoological iwrk. New York,
for a remarkable operation which will
give to science a serum, practically ex
tinct, of great efficacy In the treatment
All of the big signboards about the of insanity and mental and nervous dls-
Thu graduating exercise* of th* At
lanta Collega of Physicians and Sur
geons and th* Southern Dental College
were held In the Grand opera house
Friday evening at 2:20 o’clock. Judge
Howard Y r an Epps presided and pre
sented the diplomas to thirty-three
graduating physicians and flfty-flve
graduating dentists..
The annual address was delivered by
Dr. Len G. Broughton, paetor of the
Baptist Tabamacle, who took aa hla
subject 'Th* Therapeutic Value of
Mental Impression.” Dr. Broughton's
address was full of wholesome advice
to the young graduates and he urged
them above all things to be dispensers
of optimism and good cheer.
In an appropriate address Hon. W.
P. HU! delivered certificates of pro
ficiency lo the following young physi
cians: Dr. G. L. Bush. Dr. T. C. Hodge,
Dr. J. U Cheshire. Dr. H. F. Shield*
and Dr. N. J. Newman. Mrs. Annie
McGuire, the only woman graduate In
dentlatry. was presented with a bou
quet of beautiful flowers by her class
mates, Hon. J. Carroll Payna making
the presentation.
Dr. W. S. Elkin, dean of the medical
department, and Dr. 8. W. Foster, dean
of the dental department, made Inter
esting reports. The reports showed 224
students In the medical department,
180 In the dental department and 121
In th* pharmaceutical department,
making a total of 625 student*. The
graduating exercises were attended by
a large number of friends arid patron*
of the college.
Of all the varied experiences of At
lantans who were caugnt In the storm
of Friday night, probably non* had an
experience more exciting and at the
same time more amusing than did Mr.
and Mrs. IV. L. Scott, of 681 Hlghland-
ave., not to mention the cabman who
aided the fury of the storm and the
cab horse' that added to the amuse
ment.
Mr. end Mrs. Scott attended the
vaudeville performance at the Or-
phaum. Upon leaving, they caught a
cab for their home on Hlghland-ave.
The rain waa falling In torrents nnd
beating upon the can, when suddenly
the advance guard of the approaching
tornado swapt down. The cab had Just
reached Irwln-st.
The arc and Incandescent lights went
darkness. The cabman, trembling, but
trying to assume all the courage his
terror-stricken soul would permit, drove
ahead. He kept driving on. He drove
back to Houston and along Boulevard.
He hit the city from all four sides. In
short, he waa completely lost.
Finally, th* cabman let out one
scream, “Lawd! Look what's coming!”
Quick a* a flash, he Jumped from tha
cab and disappeared In the darkness
Mr. and Mr*. Scott tried every way they
knew how to open the cab door, but
all In vain. An umbrella was pressed
Into service and broken In twain In
the effort. And the cab rocked and
rolled on.
Finally, they managed to get out and
find shelter In a near by home. As they
passed Into the door the horse, without
a driver, was playing football In the
EASIER EGG HUNT
out If they were candle*. All wa* j storm with the cab without a cabman.
DOG AFLOAT ON BOARD
WAS LEFT ALONE IN STORM
Postponed on Account of
Storm Which Soaked ,
Piedmont Park.
The Georgian gives all
sides but the de-cide—you
must do that—just a plain
newspaper. ...
Frightened by the fierceness of the
storm and fearing they might be blown
away, the members of a negro family
living In a basement at 112 College-st.,
shortly after midnight began screaming
hysterically, the cries of distress being
so loud as to disturb the Inmates of the
Grady Hospital, a short distance away.
Thinking that some one was being
murdered or that a general light was
In progress, official* at the hospital tel
ephoned th* police station. Call Offi
cers Galtaher and Anderson hurried to
th* scene, but when they arrived found
the place flooded and deserted of all of
It* occupants except one. This aole oc
cupant waa a little pet dog, which had
been caught by the tnruahlng waters
and waa unable to escape. The dog
had sought refuge on an Ironing board
and was drifting about on the water,
apparently perfectly contented.
Owing to the depth of the water, the
two drenched officer* were unable to
rescue the dog and It waa compelled to
remain adrift until th* waters receded.
The negroes had sought shelter In
nearby house.
JUDGE RUSSELL
TO SPEAK AT MIDWAY
Judge R. B. Russell, of the state court
of appeals, has gone to Dorchester, Ga.,
where on Tuesday he will deliver an
address during the exercises commem
orating an anniversary of the founding
of old Midway church at that place in
1754.
While at Midway Judge Russell will
be the guest of friend*. He will re
turn to Atlanta about May J.
Mark Twain In his lifetime has earn
ed *700,000.
The Tartar lady usee a slice of onion
to perfume herself.
American automobiles sold In 1907
brought 5105.000,000.
The Easter egg hunt will be held next
Saturday afternoon at 5 o’clock.
Because of the atorm of Friday ntzht. the
htiet was called off Miturdey of this week.
It wts decided by the park antberltle* to
hold the hunt next Saturday afternoon at
lledmont park at 8 o'clock.
All the original plane for th* hunt will be
carried out next Saturday, and the aeae
committee* will act then that wer* sp-
polnted to set tbit Saturday.
ARMORY PROGRAM
NOW COMPLETED
The program of the corner stone
laying at the new nudltorium-armorv
on May 6 has been completed by the
committee which met In the offices of
the American National Bank Friday
afternoon. The committee la com
posed of Mayor Joyner, General Clif
ford Anderaon, John E. Murphy, R. S.
Weasels and W. L. Lee. Th* program
la ai- follows: •
Military parade, start 10:80 a. m..
proceed to auditorium-armory by 11 a.
m. Music. Exercises at building, J. R.
Gray, master of ceremoriles.
Invocation. Music.
Address by J. R. Gray, president of
the Auditorium-Armory Co.
Address by W. R. Joyner, mayor of
the city.
Address by Clifford L. Anderaon.
general commander First brigade. Na
tional Guard. ' ,
Music.
Masonic exercises Laying corner
stone.
The Georgian gives all
sides but the de-cide—you
must do that—just a plain
newspaper.