Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, June 16, 1911, Image 1

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THE WEATHER. Generally ft>lr F r,d «y night and Saturday. Temperatures Friday ftoken at A. K. Hawkes Co.'s .tors): » »• m - 78 de 8rees; 10 a. m 84 degree.; 13 noon. 90 degrees; 1 # The Atlanta Georgian SPOT (iOTTON. Atlanta, steady; 15 U. Liverpool, quiet; 8.27. New York, quiet; 15.60. Savanna?., quiet; 15 1 /*. Augusta, quiet; 15S Gal veston, quiet; 15^. Norfolk, quiov; ir.4. Houston, quiet; 15 5-16. Charleston, iti-w- “Nothing Succeeds Like—THE GEORGIAN” AND NEWS “Nothing Succeeds Like—THE GEORGIAN” VOL. IX. NO. 271, HOME(4th) edition ATLANTA, OA., FRIDAY, JUNE 16, 1911. HOM E (4TH) EDITION On Trains, FIVE CENT8. Trust Official Tells Hardwick Committee How Stock Is Watered. THE WITNESS GOT IN GOOD Exchanged Beet Sugar Stock For Trust Certificates at 3 to 1. Ready For the Crown Washington, Juno 16.—Further light nn the watered stock of, the American Sugar Refining Company was furnished he Hardwick committee today when denrv T. Oxnard, president of the tmerlran Beet Sugar Company, took he stand. Mr. Oxnard told how he and his three Brothers cleaned up 1500,009 In a trans action with the Havemeyer Company In 1S |n 1876, ho said, Jie and his brothers. Robert, Benjamin and James, estab lished a sugar refinery In Brooklyn, capitalised at $100,006. •'The plant was worth about 1200,000. In 1887 we went Into the Havemeyer combine and received $760,000 In trust certiorates." he said. Got Three For One. "So vou got about three for one, part of It In watered stock?" asked Chair man Hardwick. •That Is right.” said Mr. Oxnard. "I think we subsequently sold the stock at about $70 per share." Mr Oxnard volunteered the Informa tion that when the American Sugar Re fining Company was formed in 1891 that the Oxnard stock bad been exchanged for that of tho American concern, dollar for dollar. _ Ware Niealy Treated. "I think wo were a little better treat ed than some of those who went Into the Havemeyer combine,” said Oxnard. •I guess this was because Havemeyer wanted Oxnard brothers In the trust, and we were glad to go In because the proposition was inviting, and unless the beet sugar Industry developed It waa not certain that we could hold up.” "Kxaetly how much of the stock was watered?" asked Chairman Hardwick. ”1 can't say.” waa the reply. "Bui you got three for one,” said Hardwick, "and when the trust waa re organised in 1891 your certUlcatea were exchanged dollar for dollar and the same proportion of watered stock Is now In the American company?” "I suppose so,” replied Oxnard. Detail* of Contract. Mr. Oxnard related tho details of the eonlract entered Into between the American Sugar Refining Company and the American Beet Sugar Company In 190$. Ho admitted that this contract, which was put Into the committee rec ord, turned over to the American com pany virtual control of tho beet sugar company. Tho agreement was that there would b* no cut in prices', and that neither company would Invade the territory of the other. Explaining the reasons for the agreetnent. Mr. Oxnard said that Havemeyer had gone Into the Missouri river territory and had cut the prices of sugar. "Competition waa being carried on,” •aid ho, "to a ruinous degree and this contract jvss made to prevent such competition.” Mr. Oxnard said that hie lawyer* had Informed the American Beet Sugar Company that tho contract waa not In violation of the Sherman anti-trust law. THE PRINCIPAL SPEAKER AT THE COMMENCEMENT Declare That No Concessions Will Be Made to Strik ing Seamen* THE STRIKE IS SPREADING KING GEORGE OF ENGLAND. Ha will be crowned George V on June 22. BLIND CORONER ADDS LAW TO HIS MANY ATTAINMENTS CONDUCTORS TO HONOR MEMORY OF THE DEAD The Order of Railway Conductors nnd the ladies' auxiliary will hold me morial services Sunday afternoon at .1:30 o’clock at their hall, 44 1-2 East Hi/nter-st. All brother conductors, »h« lr families and friends, are respect fully Invited to Join In paying: respects to the memory of fhe departed. WHITE MaFaTTEmTtS TO ASSAULT WOMAN Anniston, Ala., June 16.—A man by the name of Williams made an attempt to assault a married woman here thin morning. When help waa summoned he fled to the woods, without accom plishing his purpose, and bloodhounds nave been sent for to be placed on his track. The woman and her sister-in- law were walking in the woods In search of blackberries when the man made his attack. ANT ADS Published by all the Atlanta papers for tne week ending June 10, 1911, six days to the week: ■ _ 2,855 Journal 2,129 Constitution 1,153 On yesterday the Atlan ta papers carried Want Ads as follows: ..568 ... .364 Journal Constitution advertising. iiti»« th 5** I* ho tn eut • pv TH«r » belter onr, uni:. prints want ada vJ??r*hs classification "Situations w *nted" free. Other classifications ONE CENT A WORD Paul Donehoo’s Career a Lesson to Shame Seeing Men Who Say They. “Had Hard Luck”—He’s a Musician, Knows Medicine and Holds Good Office. When the degree of bachelor of law Is conferred upon tho graduates of the Atlanta Law school Monday night at the Grand theater.. Coroner Paul Don- ehoo will add unothcr to hla long Hat of attainments. Despite the fact that for year* he has suffered from the moat terrible of af flictions—blindness—Coroner Donehoo has served Fulton county for two term* us efficiently as any man who-ever held the office. He learned that In pursuit of the du ties the use of the typewriter, for the tabulation of evidence, would aid him. He learned to use the typewriter. flSonil of music slnpe boyhood, he be came at ah early age an expert piano plB.vv, and one of the most familiar sigh’. In Atlanta several years ago was Puul Donehuo at the piano In a motion picture theater. He teaches the piano successfully and recently graduated a class. While coroner he has mads a partial study of medlclnfe and while not a grad uate physician, th.ere are few doctor* In Atlanta that can pift anything over on him In tho rudiment, of the science required In his position as coroner. Hla graduation from the Atlanta Law school, the receiving of a degree In law I* undoubtedly the biggest thing he has ever done, a thing that few blind men have'ever done. It means yeara. of toll and study even for a stu dent equipped with every requirement. For Paul Donehoo It la a superb tri umph. Mr. Donehoo flnde hla way about the crowded afreets easily, and seldom asks even the aid of a hand at a crossing. White Star Liner Takes on a Crew at Increased Rate of Pay. Liverpool, Jpne 16.—An official state ment was Issued by the shipping lines today declaring that no concessions Jo tha striking seamen had been made by any company belonging to the shipping federation and that the men's demand would be taught to the end. A full crew was signed, however, by the White star liner Georgia today at the Increased rates M pay demanded by the International Seamen’s union. The crew of the Empress of Ireland, which yesterday waa reported to have come to terms with the company, today re fused to re-sign unless given a flat In crease of $4 a month. Instead of the $1.50 offered. The strike spread today to the dock workers In the cities of Glasgow, Southampton, Goole and the Albert docks In thta city. Ilavad to have occurred In Japan or Chi na It waa also recorded at Florence. Madrid and other continental points. TSON TO MIX IN SENATORIAL RACE Sage of McDuffie Coming to Open Headquarters at New Kjjnball. THINK GIRL WAS LURED FROM HOME BY A WOMAN Believing that Pauline Thompson, aged sixteen, daughter of J. H. Thomp son. a well known resident of Smyrna Ga. was lured from her heme late Wed nesday night by Essie Henton, a ne gro woman, known In Smyrna anil re puted to live In West End, tho Atlanta detective department la making a strong effort to locate the girl. ' The girl left home Wednesday night, leaving behind her a abort note Inform ing her mother that she had gone away to get married. None of the members of her family has seen her since. Prior to the girl’* departure from Smyrna Essie Henton came to the Thompson house shortly before mid night and asked to aee "her elck broth er.” "Her elck brother” was not at Thompson’s. It Is believed by the local authorities that the negro woman hBd planned to spirit the girl away and that the "sick brother” conversation was merely ruse to signal the girl. IS DAY OF DEATH FOR ATM NEGROES Explosion and Drowning Fol lowed by Murder of Woman in DeKalb-ave. Culminating In the cold-blooded mur der of Addle Watt#, a negro woman, Who waa found early Friday morning at the corner of DeKalb-ave. and Kmg at., with her throat cut from ear to ear and her skull crushed fxpm a blow with a coupling pin, Thursday, proved a day of desperate disaster for Atlanta's ne gro population. Thursday morning Sam Whitlock was family Injured In a dynamite explo sion at Bellwood-sve. crossing. Thurs day afternoon Wash Kendricks waa pitched headlong down an "levator shaft from the eighth floor of the new Third National Hank building and crushed to a pulp. Two houra later MENDENHALL FLATS From statements made by Tom Wat son at the' Kimball Thursday night, from hla speech made at Senola Thurs day, and from hie announcement In The Jeffersonian, politicians gather that he will be on hand during the eenatorlal light before the legislature to muddy the water against the Hoke Smith forces. He has announced that he Is coming to Atlanta to take a hand In the fight and while here will have headquarters at- the New Kimball. From reports of the speaking at Senola Thursday. Mr. Watson will have quite a delegation hand. When he asked how many would come to Atlanta to help him fight, It Is reported that 200 responded. It-Is possible that Mr. Watson has senatorial aspirations himself, altho ho has stated that he Is not a candidate. He was asked at one of his meetings If he would accept the aenatorshtp If It were tendered him, and he replied that he would. It le hardly probable, how ever that his name will come up before the legislature. There are only three announced « dldates In the field, Senator Joseph M. Terrell. 8. O. McLendon and Judge W. A. Covington. Pleasant A. Stovall. Thomas Hardwick and other# have been mentioned as possible candidates, but none has made announcement yet. FALL TO HIS DEATH Steel Worker Drops Thirty-one Stories to the Street. WOMEN CRY AND SCREAM Wall-st. Crowded With People When Awful Accident Happens. New York, June 16.—A workman em ployed on the Bankers Trust Company building on the northwest comer of Wall and Naasau-at*., fell II floors from the top of tha steal frame of the building to Wall-aL today. It waa Wall-st.'* lunch hour and the crowd packed the sidewalks, hundreds of young women employees of the many brokerage, law and other offices being out. The fall of the man was witnessed by hundreds who paused to look upward at the feat completing skyscraper. Aa the body shot down ward. there was a shout of horror. Men and women who had been laughing on their way to lunch atood palsied with fear. The body whirled aa If from the very clouds and one witness declared that the momentum was so great that aa the workman shot to hla death hla head was tom off. A leg was thrown high In the air and struck Robert J. Morris, who was walk ing on Now-at, back of the exchange. Another fragment struck a woman almost half a block away. The unfortunate man Is said to have been a single man named Anderson, about 35 years old. BABOON CHEWS LEGS Crook Finds “Sambo” in Ran tankerous Mood and Gets Bitten. Kriegshaber Buys Peachtree Apartment House From Durant. 'For a consideration of $60,090, the Mendenhall apartment house property at 521 Peachtree-st. waa sold Friday by Ed. M. Durant to Victor H. Krieg shaber. The building Is a modern three-story brick structure and con tains sight apartments. The lot is 00 fedt front and extends 226 feet In depth. It Is In the east side of Peach- trre-st.. between Llnden-st. and North, ave. 1 Will Arnold and his brother were drowned In Germania lake. Thursday night Addle Watts was murdered, and negro, John Daniels, was held for Complicity after a coroner's inquest. Dr. Starnes’ Recital at 4 P. M, Should Draw Thou sands. Thousands will again gather In the big cool Auditorium for the organ re cital by Dr. Percy J. Starnes Sunday afternoon at 4 o’clock. It’s the great opportunity continually being given At lantans to hear the world’s greatest music on a wonderful organ by an ar tist performer, and tt’s free to all who want to go. From the time of the first music fes tival, love and appreciation of good music has grown among all classes of people here, and the desire for It Is continually responded .to by tho organ recitals. The people are welcomed Sun. day afternoons, and they go In thou- Tho the day may be hot, the Audito rium Is aa cool a place as can be found, for It ta large and roomy and perfectly ventilated. Sunday afternoon Dr. Starnes will play selections from Mendelssohn, Thchaikowsky, Grieg, and Improvisa tions. GRIFFINMAN STRUCK BY A CENTRAL TRAIN Griffin, Ga., June 16.—T. s. Grant, a farmer, was struck by a northbound passenger train on the Central railroad early this morning and received Inju ries which may prove fatal. His horse became unmanageable at the East End PesvSd because he was being sent to bed tort early, "Sambo," the big baboon recently added to Klmballvllle’e me nagerie, jumped upon J. . S. Crook, poultry manager of the farm. Thursday night and sharpened hla teeth on the manager’s lags. Both leg* were lace rated badly, necessitating a number of stitches being taken. Mr. Crook wae out Friday morning and able to walk around, suffering only from tha sore ness caused by the bite. Ills wounds were dressed by Dr. I. N. Stowe. "Sambo” waa regarded as a peaceable lad, aa hla behavior had been above par since hla arrival last week. Several nights he had been taken from his cage and walked around for exarclss, and one night he waa carried to a neighbor's house, and may It be said here, "Sam bo” waa some shine when It came to doing society. Thursday night ha waa given hla usual exercise, but attended no social festivities, and when Manager Crook led him to hla cake and Inslstsd on him taking a nap, "Sambo” got a grouch and leaped toward and snapped at all who tried to talk to him. He stubbornly refused to enter his cage and allowed nn one to coma within tho limit of the rope with which he waa tied, save his trainer. Crook. Finally "Sambo” took a notion to frighten his trainer away and gnawed some flesh from each leg, only giving up and re tiring to his cage after taking severs punishment. A MODEL PRISONER Principal in Lake Como Trag edy Languishes in Jersey City Jail. Losses Not Nearly So Large as at First Believed and Reported. WHEREABOUTS UNKNOWN MAGNUS JACOBUS WITMAN. Macon young man who will be the valedictorian of the graduating class M’STEA WILL PLEAD THE UNWRITTEN LAW Former Augusta Man Found Ball Player With His Wife. . Albany, N. Y„ June 18.—John V.'Mc. Stea, of New Orleans and Augusta, Ga., who la charged with murder In the first degree In the killing of Arthur B. Brown, of Wllkeabarre, Pa, a baseball player and a member of the Albany Btate league team, was today formally arraigned on that charge.' He pleaded not guilty and was held to await the action of the grand Jury. The local lodge of Elks, of which UcStea waa a member, secured an attorney to look after tha Interests of the accused. It Is probable that ttu unwritten Inw will be McBtea's defense. He found Brown and Mrs. McStoa at a boarding bouso here last night and shot him down. McStcs Is well known In the South as an actor. Flags of all the baseball field* of the state league will float at half mast to day. The funeral arrangement* of Brown have not yet been arranged. "MOTHER OF TRUSTS” New Jersey Tax Roll Shows 7,008 Corporations Assessed. New York, Juno 16.—Porter Charlton, who killed hla wife and tank her body In Lake Como. Italy, more than a year ago, and who waa arrested an he stepped ashore from the Princess Alice, of the North German Lloyd line. In Hoboken,' on June 23, 1910, la still s prisoner In the Hudson county Jail, in Jersey City, where he was taken Immc- dlately after his capture. Those who have him in charge say he has changed little since he first entered a cell and that he takes philosophically the long delay in bringing his case to a final determination. After Secretary of State Knox decid ed that Charlton must be returned to Italy a writ of habeas corpus was asked for and denied by Judge Rellstab, of the United States district court. In Trenton. From this decision an appeal has been taken to the United States supreme court. William D. Edwards, counsel for, Charlton, said yesterday he did not know when the case would be reached. COOKE TAKES STAND IN HIS OWN BEHALF Trenton, N. J., June 16.—Ths stats tax roll for 1111, made public today, shows that the board of assessors hah aaaeaaed 7,008 corporations for a total of $2,478,928,182. This break* all rec ords for the "mother of trusts.' One hundred and thirty-nine of three corporations have capital atbek Issued ^o the extent of $10,000,000 or more each. Twenty-eight of the corporations have capital stock outstanding of more than $60,000,000. Several are in the $100,000,000 class with capital stock Issued In each Instance for more than that sum. Tha United States Steel Corporation la the largest on the Hat with $868.66$,$00. Its tax this year $47,170. MAN COUGHS HIMSELF * TO DEATHJN 3 HOURS New York, June 16.—Michael Mafflo, 39 years old, who waa proprietor of a shoe store In Bloomfield, N. J., waa seised with a violent lit of coughing and died. He had coughed for three hours. Dr. Jacob S. Wolfe waa called but waa unable to help the man. Dr. M. Herbert Simmons, deputy county physician, declared than death was caused by heart failure, due to extreme weakness from violent coughing. Be fore the coughing fit Maffla was' In good health. HE HASN’T BEEN SEEN SINCE WEDNESDAY LAST So Many Had Drawn Big Divi dends From Him That They Are Nearly Even. Cincinnati, Juns 16—Edgar Street Cook*. crossing. and tha tender of the engine j former Chicago broker, went on the wit- struck the wagon and threw Grant out. • ncM utand on hit own behalf today In the He Is 66 years old and tai a family.] charging him with the emhexsle- He lives on Crete Manley’s farm. The m .„t of $24,000 from the Blu Four rail- horse was not injured In the accident. road. J. WYLIE SMITH. Here la the latent photograph, by Tidwell, of the man for whom creditor*! are necking ftfnct his disappearance several days ago. J. Caleb Clarke, an attorney, has been appointed receiver for J. Wylie Smith, the missing high llnancier, as an in dividual, and also for tho Commercial Loan and Trust Company, of which Smith was secretary, treasurer and principal stockholder. Immediately after being notified of his appointment. Receiver Clarke visited the office off Smith at 29 1-2 Whltehal!-st., and took possession of what property was to bo found. He had the roll-top desk and Iron safe, left behind by Smith, opened, and took. personal- charge of papers found therein. These papers, It Is said, . consisted pf notes, mortgages and deeds, alleged to be forgeries, some cancelled checks and check stubs and a few old account books. However, nothing of value among these properties was re covered, according to the receiver. The receiver was appointed Into Thursday afternoon by Judge J. T.* Pendleton, on petition of W. F. Brandt. J. W. Stallings and Dr. B. E. Dewberry, The order Is returnable Juno 24. At 3 o’clock Friday nothing had been learned as to the whereabouts of Smith. He has apparently completely van ished. Throughout Friday morning persons from whom Smith, had borrowed mon ey or who had other claims against him congregated in the dingy little back room office at 29 1-2 Whltehall-st., discussing this case of high financing. The proverbial “Iff* was frequently ut tered by those who felt they had been ."stung.” But the fact was constantly cropping out that the high Interest rates—higher than any bank or com mercial enterprise con think of paying- had drawn these Investors into tne meshes of Smith's financial operations. The luckless ones are those who have made the more accent Investments. Those who had put mone^ In months and years ago had almost Invariably taken out In Interest and principal as much or more than they had put In. As long as the business kept going the re turns were good, because the money paid In In the last investors was going out to pay Interest and principal to those who had dived In ahead of them and- they, were coming to tho surfa™ and getting on dry land one-after an other. Lose Not So Large. When ft Is figured out, the actual , monetary losses, which are extrava gantly quoted at from 9150,000 to 3250,. 000, will dwindle to a comparativev email proportion of these sums—may be 20 per cent of 1200,000. Take 31,000 at five per cent interest a month for ;i year ami you have pa rent of tho principal, or 3300. repaid In Interest. But some of the more recent lenders to Smith had been drawing.ten per cent a month, at the rate of 120 per cent per annum on their loans. They would have received In a year, at that rate, twenty per cent more than the principal In interest alone. Even Rocke feller, Carnegie and Morgan have not discovered an Investment to yield such returns as that. Played Peter. Paul Game. Froth surface Indications it appears that Smith was constantly borrowing from Peter to pay interent and some times principal to Paul, and was grad ually sinking deeper Into the hole ns money became harder to get, which in duced Smith to raise the Interest rate as Inducements to Investors to turn over their cosh. He had apparently started out'to do a legitimate money loading business at high interest rates to partitas who needed money and needed It had enough to pay the price. But lock of abundant capital-Is said to have made it necessary for him to seek money from other people to carry on this business and to pay them high In terest rates to get It. Then it becamo hard to pay back that money and tho alleged forgeries of mortgages, notes and other eecurltles was the result, it being necessary to put up some sort of collateral to secure loans. Miller Started Scheme. In New York a few years ago a man mimed Miller vml« operating a high finance scheme which In several ways resembled Smith's plan, except that Miller's operations extended over a wider field and the money was easier get hold of. He offered ten per cent week on Investments. A man would send him 3100. For ten weeks In suc cession Miller would send him back 310 of his 3100. The Investor thought it such a gold mine that his 3100 came back for another ten weeks. He would tell his neighbors and they would send on their 3100 or 31.000. There was al ways enough money on hand to pay th< Interest and the scheme worked like ar endless chain until the Federal posts: 1 authorities nipped it. When Miller’.- desk was opened It was found stacked j with greenbacks that h!s gullible vie* ' tlms had poured Into his coffers and there were stacks of letters containing money that had never’ been opened Those who had come In too late to get all their principal back in Interest wen the real losers. Mrs. Minnie R. Coulter,, who was re ported to have used W. F. Brandt rath, er roughly Thursday morning In th« loan company offices, denies that sh< attacked him or used personal violence until the arrival of her attorney, desir ing Brandt to acknowledge that th* , signature on a deed to her property wa* his own, and that she merely h**M hi? hat to keep him from leaving. Brand nfterward denied having signed the per In question, according to Mrs Coulter's attorney. One warrant fo{ Smith’s arrest charging forgery. Is In the hands «< th« detective., buroau of the police de partment. A creditor Is the prone cutor. Justice Ridley issued the war rant. So far ag^ha.-* been ascertained this Is the only warrant outstanding Justice Ridley said two or three other called at his office to secure warrant* Continued on Last Page.