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The Atlanta Georgian
Read Far Profit—GEORGIAN WANT ADS—Use For Results.
NO. 105.
ffIUNGIL MB
CEBTIIN IF
sim is
AWED
Chambers Faction Will Retali
ate For Attempt of Woodward
Men to Corner Power.
sidetracked MEMBERS
hold THE WHIP HAND
Mayor's Hands Will Be Tied if
Strife Disrupts Legis
lative Body.
■ Jt .. o f the Chambers faction of
...uncil definitely planned today
0 lnc ,.. gf . against the Woodward ad
“nlMration if the slate of appoint
:‘nts made up by Mr. Woodwards
friend' is accepted by him.
confident that their slate will be ac
cepted hr their chief, the Woodward
men expect to be in absolute control of
the council committees next year.
They believe that to the victor be
long? the spoils. But the move of the
opposing faction promises the irony of
fate. Thev are to be left off of the im
portant places, but they have a consid
erable majority of the members, of
council and they plan to disregard com
mittee recommendations or appoint
special committees to handle the more
important matters.
Council Holds
The Whip Hand.
The laugh will then be decidedly on
the member- who think they are going
•o bf able to g ab all the pie.
Moreover, the breach threatens to
become so serious that a majority of
the members of council will be hope
>ssly antagonistic to Woodward from
the very first day of his administration.
Council holds the whip hand and the
poser to tie the hands of the mayor.
And the Woodward members in council
are planning to arouse the opposition
of the commanding majority’ of this
body.
■ The non-Woodward element is called
in Chambers faction solely for want of
a better name. All the men who com
pose the element voted for Aldine
Chambers for the mayoralty nomina
tion against Mr. Woodward. The
Woodward men are basing their slate
on this alignment.
Do Not Expect Favors
Os Woodward.
The non-Woodward men are the men
"bo hold the important committee
chairmanships this year and have no
eason to expect any special favors
from Mr. Woodward. But they’ control
the general council, both the council
and the aldermanic board. They feel
that if they are left off of the impor
tant places next year it will be personal
revenge. And they are prepared to
’ftallate with a similar spirit, and
greater •. ffectiveness.
- are the members of the 1913
June' 1 , who have been sidetracked ab-
S'flutely by the Woodward slate, and
the places they hold this year:
John S. Candler, chairman of the
finance committee.
James R. Nutting,chairman of the
tax committee.
laude i'. Mason, chairman of the
way-works committee.
arl, w. Smith, chairman of the
wuinanc- . mnnittee.
■ J- Spratling, chairman of the com
cc ->i. hospitals and charities.
Others Sidetracked
By Slate-Makers.
■”iice Haverty, chairman of the
11 '"’’J 1 on municipal research.
, x Hagsdale, chairman of the board
firemasters.
H. Boynton, chairman of the
i!, cc on libraries.
fhomson. chairman of the
ittec on parks.
'' Maddox, chairman of the
~ ' 0,1 and grounds,
i.reer, chairman of the commit*
on bridges.
ni '?” r ' Wood > of the com
nmter. on claims.
in L chairman of the com-
.< \ ? ' , ‘ ne “ vol< ' n ces and pensions.
A ar,Haw, chairman of the com
ti,.;: t’cight rates and transporta-
' ” rnathy, chairman of the
ttee on minutes.
Ri J - I>. Sisson, W. D. White, J. T.
■, - ‘* h and Sam Shepard.
vi . 1 "ambers of next year’s
11 "oev./r?/,! 10 , 8 . 6 who voted for Mr.
■>n ar,. . ’ t,le mayoralty nomlna-
■ ■■■ slater, ho® to whom the Wood-
" ,n “ Conf,netl the good
t\ ~ bbolntments:
J i:’ Mc<T.n hr, T A Van Dyke,
: I', r.-.. .“T' I’’- Warr.-n.
'' ’’lfude i . ’ Knl K>>t, Orville H
• ! *1 Hmw.li,' Thomas Lynch,
i.'.'.a"' 1 A. R. t’olcord.
' u -r 'h' l l l th « ' lr " the
’ »r| lher lames Q, Wood-
111 approve the slate.
Girl, Thwarted in Her
Effort to Elope With
Actor, Shoots Herself
WEST POINT, GA., Dec. 4.—-Miss
Gussle Harmon lies critically wounded
in her home at Lanett, Ala., just across
the Chattahoochee river from West
Point, as the result of an attempt to
commit suicide.. Thwarted in her at
tempt to elope with a stock company
actor who played here last week, she
sought to end her life.
Miss Harmon, an attractive sixteen -
year-old girl, became Infatuated with
the handsome young showman. He
was her matinee idol. The glare of
the footlights attracted her. He pro
posed that she elope with him when
the troupe left town. She agreed. The
show folk had gotten as far as Ope
lika, Ala., when pursuing relatives
overtook them and brought the gir l
back to Lanett.
Hardly had Miss Harmon reached her
home before she went to her room, lock
ed the door and shot herself with a
.38-caliber pistol. The bullet entered
the left breast and came out under the
left shoulder, penetrating the left lung.
The shot attracted members of the fam
ily, who broke open the door, discov
ered what had taken place, and hur
riedly summoned physicians. While
the wound is dangerous, the doctors
believe she has a chance to recover.
COUNTYCOMMISSION
AWARDS $162,131 IN
COURT HOUSE JOBS
Contracts for the plumbing, lighting,
wiring and heating systems for the new
Fulton court house, aggregating $102.-
131, were awarded by the county com
mission today’.
The Farrar Plumbing and Heating
Company was given the plumbing con
tract at $41,400; J. M. Clayton, the
lighting and wiring, at $12,843. and the
Atlanta Steam Heating Company, the
heating job. at $46,300. The E. How
ard Clock Company was awarded the
contract for installing a clock system.
This will cost the county $1,588.
In letting the contract for the heating
system, the commission stipulated that
the arrangement must include a com
plete heating plant, so the bids were
ordered for the duplux system. Under
this arrangement the county will have
Its owp plant in case it cares to dis
pense with the city heat.
COUNTY BOARD BALKS
AT PAYING 75 CENTS
FOR ‘INFERIOR’ MEAL
The Fulton county commission to
day balked on Ordinary Wilkinson’s ex
pense account for election day meals.
Three of the commissioners asserted
that the 75 cents a meal charged by Du
rand’s Restaurant Company was exor
bitant for the quality of the food served.
Commissioner Anderson said that lie
had heard several complaints on the
quality of the food served to the elec
tion managers on November 8. and it
was his opinion that a good meal could
be served for 75 rents.
The ordinary’s expense bill, for rent,
light and heat on election day, came to
$125.20. Forty-five dollars was spent
for 60 dinners. No supper was served.
The commission authorized the pay
ment of the other items on the bill, and
referred the refreshment account to the
finance committee, with power to act.
RAIN WILL CONTINUE
REMAINDER OF WEEK;
WET RECORD GROWS
Busily engaged in smashing the rec
ord for al! past years, the rain fell al
most steadily In Atlanta today. It will
be at least three days before it can
possibly end, and probably the rainy
spell will last a whole week, accord
ing to Section Director VonHerrman,
of the weather bureau.
At 1 o’clock today the rainfall for
1912 amounted to a little more than 61
inches. If it rains three more days,
this mark will be increased by at least
two inches.
In 1888 Atlanta had her rainiest pre
vious year. During the twelve-mouth
a total of 64.98 inches of rain fell. That
record has been untouc, d during the
24 years that have pas •<!, but the
year of 1912 will beat it, tne director
thinks.
MAYOR WINN BACK
FROM HEALTH TRIP,
HALE AND HEARTY
Mayor Courtland S. Winn returned
to the city today after a three weeks
resfi at Palm Beach, Fla. The mayor
was robust and happy and said he was
feeling 100 per cent better than when
he left Atlanta on account of a threat
ened nervous breakdown.
He said he enjoyed the fishing very
much in Florida, but that the buzzards
were so tame and numerous it took
one-half of his time to fight them away
from the fish that had been caught. He
said he never enjoyed anything better
in his life than the perfume from the
pineapple fields.
ENGINEER’S WIDOW GETS
$14,000 WITHOUT A SUIT
MACON. GA.. Dec. 4.-One of the
largest settlements ever made by a rail
road In Macon was executed today by
the Central of Georgia when it paid
$14,000 to the widow of Edward F.
Adams, an engineer who was killed
this year in h wreck near Macon. Ihe
settlement was made w ithout suit ever j
having been brqugbt.
ATLANTA, GA., WEDNESDAY. DECEMBER 4, 1912.
BIEISE SAYS
11BEB5
Will 60
FREE
South Carolina Executive to
Protect Avengers of As
saults on White Women.
NO SOLDIERS TO DEFEND
BLACK BRUTE FROM MOB
Defends Liberal Use of Pardon
Power That Has Character
ized His Administration.
RICHMOND, VA, Dec. 4.—While
Cole L. Blease is governor of South
Carolina he will permit lynchers of ne
groes who assault white women to go
scot free in that state. He made this
declaration before the fifth annual con
ference of governors, now in progress
here, when he delivered an address in
which he said he would not use the
militia of South Carolina to protect ne
gro assailants, would not punish lynch
ers and would continue to exercise the
pardoning: power in the liberal manner
that has thus far characterized his ad
ministration.
Here is what he told his fellow gov
ernors :
"I have said all over the state of
South Carolina, and 1 say it again now,
that I will never order out the militia
to shoot down their neighbors and pro
tect a black brute who commits the
nameless crime against a white wom
an. -
"Therefore, in South Carolina let it
be understood that when a negro as
saults a white woman, all that is need
ed is that they get the right man, and
they who get him will neither need nor
receive a trial.
Defends Use of
Pardon Power.
“I walked through the penitentiary
of South Carolina and found it a tuber
culosis incubator, where poor devils
were dying at their tasks, making
money for other jeople; poor devils
who had no choice but to stand and
work or take the lash.
"Just the other day. Jim Roberts, a
negro from Charleston, stopped me as
I was walking through and respectfully
asked permission to speak to me. He
told me that he had been kept in jail
for 22 years for stealing a $27 watch.
1 said, 'lf you are telling me the truth,
you will eat your Christmas dinner with
your folks at’ home.’ He said. ‘Gov
ernor, I have no folks.’ ’Then,’ I re
plied. 'you will eat it away from here.’
And he will.
"Another negro had served eleven
years and seven months for stealing $9;
a judge wrote to me that he had sen
tenced to death a man when he did not
believe the man had been convicted
beyond a reasonable doubt; another
wrote me that he sentenced to death a
man whom he did not believe should be
put to death—he did not believe it at
the time, nor does he believe It now.
"These are the errors of Injustice I
am trying to right with my power to
pardon. lam proud of my record.”
Governors Enjoy
Oyster Roast.
Accompanied by Governor Mann, of
Virginia, and his entire staff, the 211
governors assembled here for the fifth
annual governors conference, today vis
ited Norfolk to meet the National
Guard association, by whom they were
tendered an oyster roast at Cape Henry.
All official business was suspended
for the day, while state executives gave
themselves up to a thorough apprecia
tion of Old Dominion hospitality.
The governors and their wives will
return to Richmond tonight in time for
the evening session of the conference
when the report of the committee on
organization will be submitted and
plans for a permanent organization dis
cussed. The appointment of an execu
tive committee for the coming year will
also be made at this session and a large
amount of miscellaneous business at
tended to.
AFTER WICKERSHAM
FOR STAYING ARREST
OF JOHN D. ARCHBOLD
WASHINGTON. Dec. 4. —Represen-
tative Garner, of Texas, announced to
day that he will Introduce a resolution
in the house calling for an investiga
tion of the conduct of Attorney Gen
ei-al Wickersham in staying the arrest
of John D. Archbold, now undet indict
ment in the criminal proceedings
against the Magnolia Oil Company, of
Texas, if an investigation he is now
conducting results in warranting such
proceedings.
RACES
RESULTS.
AT JUAREZ.
First—Luria, 4-5, first; Sharper Knight,
2; King Stalwart, 85. Also ran: Blue
Beard. Luke Van Zandt, Swift Sure and
Orrick.
Second—Rosenta, 12, first; Deerfoot.
6-5; John Patterson, 4-5. Also ran: Maud
McKee, Quid Nunc, Dogstar, Percy Hen
derson, Virginia Lindsey, Molesy and
Helen Scott.
Third—Chapultepec. 6. first; Flying
Feet, 4-5; Elizabeth Harwood. 1-4. Also
ran: Mimorioso and Kootenay.
ENTRIES.
AT JUAREZ.
FIRST —The Charles L. Stone purse,
for two year olds, 5 furlongs (5): Truly
107, Mrs. Gamp 107. Real Star 110, An
cestors 110, Janus 110.
SECOND—The Lloyd P. Wells purse,
all ages. furlongs, selling (11): Lov
ing Mose 94, Hazel C. 106, Calethumpian
106, Swish 110, Bobby Cook 110, Autumn
Rose 110, Jim L. 110. Evran 110, Louis
Descognets 110, Zinkand 110, Dan Nor
ton 113.
THIRD—-J. D. Perry Francis purse,
three j’ear olds and up. mile, selling (10):
xßoyal River 100, xLilly Paxton 100,
Lotta Creed 105, Lambertha 105, Dorothy
Ledgett 105, M. Cambon 105, Aragonese
105, Shorty Northcut 105, Force 108. C.
W. Kenyon 112.
FOURTH —The A. L. Shapleigh purse.
, all ages, 50 furlongs, selling (10): xAnne
McGee 105, Free 106. Country Boy 106.
Bellsnieker 110. Beda 110. Gold of Ophir
113, Serenade 113, Uncle Jimmie Gray
113, Parlor Boy 116, Sir Alvescot 116.
FIFTH—The Tom Bennett purse, three
year olds and up, 7 furlongs, selling (6):
i El Pato 96, Sly Lad 105, Cross Over 109,
Lack Rose 111, Ymir 111, Feather Dus
ter 111
SIXTH—The Phil C. Schanlan purse,
three year olds and up. mile, selling (9i:
xMuff 100, xMiss Korn 100. Florence
Krlpp 105, Gretchen G. 105, Black Mate
105, Rose Vale 105, Balcliff 105, Engraver
109, Rose O'Neil 109.
x—Apprentice allowance claimed.
Weather clear; track fast.
CHASETO ORIENTTO
BRING BACK ELOPING
MOTT, JR., IS FAILURE
SAN FRANCISCO, Dec. 4.—Hector
Fuller, who was engaged by Jordan
Lawrence Mott, Sr., of New York, to
undertake a globe encircling chase of
his son. Lawrence Mott. Jr., and sep
arate him from the beautiful and fas
cinating Mrs. Francis Hewitt Bowne,
has arrived in San Francisco. His
spectacular trip was a vain one. Mott
did not come with him and it is re
ported that he and Mrs. Bowne are still
somewhere in the Orient.
Young Mott and Mrs. Bowne eloped
on the steamer Indrado, which sailed
from New York last May. Father Mott
at once engaged Fuller, who Is a war
correspondent and globe trotter, and
also close friend of young Mott, to go
after the couple and bring the son back
home. Fuller was to have all his ex
penses paid, a good salary during the
time he was on the job and a bonus of
$25,000 if ht got young Mott safely
home.
SAVANNAH SUICIDE,
UNKNOWN, BELIEVED
TO BE ATLANTA LAD
Atlanta union machinists are making
an investigation to determine whether
or not the body of an unknown young
suicide held in Savannah undertaking
establishment is that of C. G. Gay, an
Atlantan who has disappeared. The
stranger was found dead in .savannah
with indications that he had taken car
bolic acid, and is believed be a man
who registered at the Southern hotel a
day or two previous as Carl Johnson,
of New York. Johnson disappeared at
the same time.
J. D. Owens, a Savannah machinist,
says he is certain the young man was
C. G. Gay, of Atlanta, whom he had
known some time ago. Gay, who was
about twenty years old, answered close
ly to the description of the unknown.
Jesse Harbin, of Atlanta, went to
Savannah in the fear that the suicide
was his son, but after an examination
of the body satisfied himself that It
was not that of his missing boy.
JUDGE SPEER PASSES
HUFF CONTEMPT CASE
TO ANOTHER JURIST
MACON, GA., Dec. 4.—ln the as
signment of cases In the Federal court
today Judge Speer called the case of
contempt of court against ex-Mayor
W. A. Huff and passed it for future as
signment by another judge.
“If I can’t get another judge to try
this case I’m going to try it myself,” de
clared Judge Speer.
Several features of the Huff bank
ruptcy litigation, which has been pend
ing fourteen years, and which bi ought
about the contempt proceedings, were
set for trial.
"It will be personally embarrassing
to me to preside in any feature of this
litigation any longer,” said the judge,
"but nevertheless I will perform my
ciuty.”
The case was set for an indefinite
date in January.
MRS. ROBERT GOELET,
ENTERTAINER OF TWO
KINGS, DIES IN PARIS
PARIS, Dec. 4. Mrs. Robert Goelet,
the noted New York society leader, died
early today in her Paris home as a re
sult of heart disease. Her death was
indirectly brought about by a tumor
which she was found to be suffering
from last August.
She was 58 years of age and the wid
ow of Robert Goelet, who died in Na
ples in April, 1899. The body will be
sent to America.
Mrs. Goelet was one of America’s
most famous society matrons. She
numbered among her guests at various
times Emperor William and the late
Edward VII.
THE WEATHER
Forecast for Atlanta and Georgia:
Local rain* today and to
morrow,
Oh, Haste to the Feasting!
"You can not postpone the inaugural ceremonies from March 4 to the
latter part of April—jobless Democrats would be too weak and hungry to
march in April," says Charles White, sergeant-at-arms of the New York
state Democratic committee.—News item.
BY JAMES B. NEVIN.
I’ve waited for ages, out here in
the cold,
For a chance to slip in where it’s
warm.
I’ve peeked through the ’.vin
lnA dow, and gazed through
the door —
jL For years I have viewed with
alarm.
- And. now that the table is set
for my feast.
And the dinner bell ready to
sound.
It certainly is painful when
,'ajiW some one suggests.
WJHr ’Let's not eat till April comes
I tn crusts and cold waler 100
long have I led;
Insi'k I'm rebellious ami sad.
I'm thin, ami I'm hungry - and
L that isn't all—
-11 I 111 supremely disglisled and
’" a< * ’
H I fain would sit in where I've
H long been denied.
And delay not lhe sitting one
day;
I think 1 can live till the Fourth
'h‘. v °f March.
• Wh y, I'd fade
IgaggS MEi I away!
now ial t ’ IP w * nrtCU P draws
I near to my lips—
£ L It's bouquet alluring and
• ' sweet —
VHL Why should I put off the drink-
wpk ing? and why,
xQfe Since the feast is there, should
I not eat?
Sing me not April, its blossoms and green—
Its budding of linden and larch.
Why wait for April a famine to stop,
When the stopping is better in March?
What gibbering idiot, loose from his cage.
Suggested this postponement thought?
Perhaps he’s the fiend who knocks old Santa Claus,
And tells us that kids should be taught
That Santa is only a make-believe thing—
A faker that folks should reject.
This sordid aiid sinister ‘‘Put it off" hint
Comes not.from a friend, I suspect!
But. peace to my fretting, my vexings, and pain;
There'll be no delay. 1 opine.
When hunger is gnawing, and banquets are spread,
It is time for the faithful to dine.
So. on with the music;-let April go hang!
Bring wine for my lips, ere they parch.
Ring loud the bell—let the feasting begin
At noon, on the Fourth day of March!
COURT DEFENDS
ALLEGED SLATER
Recorder Broyles Declares
Sloan’s Charges Against
Risley Are Untrue.
A plot to sacrifice an innocent man's
life on the charge that he had commit
ted a murder, was indirectly charged by
Recorder Broyles in holding Robert L.
Sloan, of Roswell, and Frank Risley, of
Atlanta, for the slaying of William
Franklin, a peddler who was slugged to
death in his Decatur street home. The
two men are in the Fulton Tower today.
Sloan, in court, reiterated his partial
confession of a share in the crime, ad
mitting that he had witnessed the trag
edy and received some of the spoils. He
declared, however, that Risley was the
actual slayer, althougn Risley denied
having any part whatever in it.
Recorder Broyles declared that he did
not believe Risley had anything to rio
with the killing and that he was con
vinced of his innocence. He said he
was forced to hold him, however, as
long as Sloan claimed to have seen him
commit the murder.
Sloan's wife and children were at the
police station and took part in a tearfui
and affecting reunion with the pris
oner. As Sloan was taken away by the
officers one of the youngster’s cried
out:
"Come on, papa. Go with us.”
Mrs. Sloan said she was too much
affected to be able to bear the ordeal of
the hearing and did not enter the court
room.
Miss Chloe Austin, the dressmaker
involved, was freed. She admitted that
Sloan had brought her some clothes
and given her some money, but denied
any complicity in the crime.
SON GIVES 2 QUARTS OF
BLOOD TO SAVE FATHER
MACON, GA., Dec. 4.—ln an effort
to save the life of his father. Fred
Stewart an employee of a rairoad here,
today gave two quarts of his blood in
an operation at the city hospital. The
transfusion was successfully accom
plished and it is believed that T. J
Slewart, the father, will live.
' ' " ■
★ I
WOODWARD MEN
BUSY JT POLLS
Heed Nominee’s Warning to
Vote and Defeat Socialist-
Negro Conspiracy.
James G. Woodward, Democratic
mayoralty nominee, said today that he
was going through the third election
degree today, and that it had decided
him against third degrees. He said the
two primaries were enough, but to "be
pestered by the Socialists was unbear
able.”
Voting in the general election today
indicated a response to Mr. Wood
ward's warning that there was a con
spiracy to defeat him. More than 1,000
votes are expected, and that is quite
unusual for a general election.
Early voting indicates that the prop
osition to deed Lakewood park to an
exposition corporation for the purpose
of issuing $500,000 of bonds to build a
fair grounds will be defeated. Mr.
Woodward urged that this project
should be rejected by the people. A
majority of the members of the general
council favor it.
There was no excitement around any
of the polls and there will be no elec
tion extras this afternoon, unless Mr.
Woodward’s fears of a heavy Socialist
negro vote materialize.
City Clerk Walter Taylor Is in charge
of the election. “Everything was going
well,” he said this afternoon.
POSTAL MAKES SPURLOCK
ASSISTANTJO MANAGER
J. A, Spurlock, who has been in
charge of several of the most impor
tant local branch offices of the Postal
Teiegraph-Cable Company, has been
appointed assistant to Manager Beatty,
of the same company.
Since the company’i main office has
been moved to the new location in the
Grant building the growing demands
upon Manager Beatty have become so
great as to require additional aseist
an< e.
2 CENTS EVERYWHERE
GOVERNMENT
BLAMED FOR
PANICS BY
M’YEAGH
“Business Crashes Constantly
Threaten While Currency
System Is Unchanged.”
z ,
“WHOLLY UNNECESSARY
AND EASILY AVOIDABLE”
Disaster, Under Present Plan,
Inevitable After Certain Con
ditions Are Reached.
WASHINGTON, Dec. Ar— «A.« lon< ax
oar banking- and currency gywtem re
mains as it is. the immeasurable dis
aster of a panic will remain a possi
bility. The system under which we are
living not only would not prevent a
panic, but after a certain point in the
generation of panic conditions is reach
ed will make it inevitable. So that, as
long the flannclal system created by
our Federal laws remain unchanged
and unreformed, the government will be
exclusively responsible for the commer
cial, industrial and social disasters
which flow from panics.”
With this strong warning, backing up
an urgent plea for Immediate banking
and currency reform, Franklin Mac-
Veagh, secretary of the treasury, opens
his annual report on the finances of
the nation, which was sent to congress
today. Continuing, Secnetary Mac-
Veagh says:
“This responsibility Is a fixed one.
Il is unavoidable, »nd ouxht to be
frankly recognized and acknowledged.
The people are helpless. The charac
ter of their responsibility is better un
derstood when It is realized that the
effects of financial panics are not at all
confined to the banks and the larger
business world. A panic such as 1907
or a lesser panic reaches, directly or
indirectly, every town and hamlet of
the country and every family and indi
vidual. It nationalises itself long be
fore it has gone far, and its interrup
tion of the business movements, large
and small, its fractune of the organiza
tion under which commercial and in
dustrial life go on, and the resulting
social suffering, are prolonged into
years.
Panic Unncessary <i | >
And Avoidable.
"These facts intensify the signifi
cance of the delays and postponements
of the government. A panic Is as un
necessary and avoidable as an epidemic
of smallpox. You can have an epi
demic of smallpox If you disregard all
that science has provided as a pre
ventive. You can not possibly have an
epidemic of smallpox if you will apply
the simple means that science has pro
vided. So we will continue to have pan
ics only so long as we refuse to ap
ply the simple preventives which he
who runs may read.
"Not only does the system establish
ed by the present Federal laws promote
and develop panics, but at all times the
country is carrying the needless and
heavy burden of an unfit and wholly
Insufficient banking and currency sys
tem. This system never permits en
tirely free commercial, financial or in
dustrial action at any time, because its
liability to sudden constraint and rw
striction is always a part of the na
tion’s financial consciousness. There
never is a time when there is any long
look ahead, except when we are in the
midst of a panic, when there is a long
look of disaster ahead. There is never
a long look of ease and convenience and
prosperity ahead. This is true even in
the quiest periods of the year.
"Fortunately, the banks have beea
able, unaided, to carry on this autumn
the financial operations necessary to
the movement of our vast crops and at
the same time to finance the operations
of the general business expansion
even in the face of a European dis
turbance. I should have been sorry to
feel it necessary f.w the treasury de
partment to intervene at such a normal
period as this. But, of course, it would
have assisted if It had become neces
sary.
Suggestion for #
Relieving Situation.
“It is not my intention to speak of
the details of this urgent relief meas
ure—this banking and currency legis
lation. But the general features of the
new system—if that system shall be at
all adequate to the emergency—must
include among its necessary features
provisions for never-failing reserves
and never-failing currencj and for the
perfect elasticity and flexibility of
both; for the permanent organization
and organized co-operation of th.
banks, which are now suffering and
causing the nation to suffer by reason
of their unorganised state; fo< a ceo
