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STOCK GAMBLING UPTO EWE MTS WITNESS Chairman of Law Committee of New York Pit Admits It Can Stop Manipulation. ASHINGTON, Dec. 13.—Frank K. ~ cis. chairman of the Ifiw committee I .Nev.' York .stack exchange, ad ret to tile house money trust inves ting- committee today that the ex- , nae could prevent both short selling! manipulation if it saw tit to do so ‘ witness said that he did not per approve of short selling and ii , nered by Samuel Untermeyer, . mse! for the committee, as to why he ,1 never urged this reform in his 30- ; years of experience on the stock . ..mange, he said he was not "reading ...e-il i.M-iiires to the other people of community.” Untermeyer asked him if lie km w lyerage daily transactions of the ■ . nge. and he said lie did not. |r. you •committee supply the; II commission with data on these | motions?” asked Untermeyer. I don’t remember. We gave them i ~t . data." said Sturgis. I iite, meyer pointed out that the fig , - lie had showed about an average . ? Itifi.iiiHi shares yearly. Sturgis was rot sure that was right. oi! all these transactions 25 cents a , commission was paid to brokers. ... it not?” asked ’Untermeyer. X’..| on all of them. Some of the mlu-rs may have been acting forthem ■ ■ . Somewhere between one-quar and one-half of the dealings were’, obably for brokers." About Brokers’ Rates. S.atgis said there were about 400 ac , hi. mb.-rs on the exchange on busy ivy-. lie admitted that about one- ■ lira of thi active business was from vokers. He said the rate of commis- . ..us varied a good deal, only $2 for li>o i iui < s being paid in commissions on i i. floor business. The varying sched- 1 ■ of commission rates was regulated the exchange. Where the outside j _i1,...■ was on both sides of the trans-) i ons a tax of 25 cents a share had to I ie paid to brokers. "Is it not a fact that the price of s curities has no effect on the size of I ■ is commission?" 'Excepting mining stock below slu‘ :.a value, that is true," said Sturgis. t ntermeyer then took up short sell-I ing. "in the main, short selling is specu lative,” said Surtgis. "Short selling is practically selling something you haven’t got. isn’t it?" asked ('ntermeyer. "Yes." said the witness. "Is it legitimate?” "I think so.” "Panic Makes No Difference.” "If :: panic is raging, do you think! It’s right to sell stocks short to depress! the market?’ i "I do not Think it's wrong. It is j rotecti.m for men who have been ■ ■•luglit with a lot of long securities. v. ii ..y are able to repair their cred-] - under such conditions." Sturgis said his idea of the defen-i ibility of short selling was based on 1 ■ Hnaneial necessity of the person en-| ig. i in such transaction. He said that! o iling in a normal market” was; . ..stioii of morals. He did not per-! ■ uially aprove. of it under certain con-: itimis. md said he hud never sold a I lore of stock short in his life. ''"idd you not regulate short sell-| mg?" . | It would not be practicable." Wouldn’t the broker’s books show I .■ transactions?” 'Some times." I Itimately Sturgis admitted the I 'inkers' books in New York would re-' veal all short sales. The exchange, by j ■■riodic examinations of the books.! •mid find out the extent of short sales I end manipulation. He Never Met Issue. "If the exchange wanted to forbid -iort selling or manipulation, could it I do so?” The exchange has never met that; issue.” j Have you urged its reform?” It's not my duty to read moral lec tmes to the other people of the com munity.” Untermeyer reviewed tin arguments ii favor of short selling as a balancing i irce in a rising market, but then came •o k to the question of gambling. "Don’t you think the moral obliquy Mi<'h a transaction outweighs any irgument in its laser.'" he said. Yer, I do, personally.” As a matter of fact, it is mere wimbling, is jt not?” "Yes. very likely." I’ntermeyer asked Sturgis if such ransactions as the Hocking pom did ■t hurt American credit abroad. tin "'■ibtedly they did, he said. In the ll "*king pool case stock exchange firms ho took part in it were censured, the ' itness said. Reckless Firms Suspended. "But they were not suspended, were they?" Two firms were suspended because mi' went beyond their means. They ■ ‘-re reckless. The others were not ispended because they kept within thir means.” 1 he witness could not agree with Un 'rmeyer as to the distinction the ex range had found between those "cen sured” and those "suspended." I’ntermeyer showed Sturgis figure.-! ”• Hocking assets, and asked if ther ■ anj good reason for boosting the I stock. I think it was a very poor invest "td the witness said. 1"U call that an investment?" "all it a purchase, then." I ntermeyer went Into ilie question advertising stocks by making them opeiir to be active and how the pur-1 *”i' "’as drawn into pools by allur-1 Hl < promises. ;4 CONVICTS AWAIT SUMMONS TO DIE ON OREGON SCAFFOLD SALEM, OREG,. Lee. 13.—-Four men. convicted of murder end condemned to death waited today for the sentence to be carried out. Unless Governor Oswald West intervenes the sentence will be car ried out before night. The sentences against the men have already been delayed by the governor, who refused to permit their execution until the voters passed on an initiative law abolishing capital punishment. The law was defeated at the November elec tion. At that time woman suffrage was voted in. Since then an effort has been made to resubmit the law against capital pun ishment so that the women might vote on it as well as the men. The governor has been Urged to grant the condemned men a reprieve until this might be done. Recently he said he would not Interfere l again. Tin- condemned men are Noble I Fauldner, Michael Morgan, Frank Gar rison and E. E. Roberts. 'RED MEN HOLD ANNUAL “POWWOW' ON MONDAY rhe fourteenth annual ”pow-wovv” of i hoetaw tribe No. I’s, Improved Or der of Rd Men. will take place next Monday night at the hall, Decatur and Moore streets. The following program lias btvn arranged: \Velcome address. E. a. Raughan, past great sachem of Georgia; address ”, n Great Junior Sagamore I. ii. Jeffries; “The Burning of Home, 4 ’ •c’ o’. -. h ' v •' ,,ss Ellle l Hudson; “Long !in Ik. Past Great Sachem Frank F j Smith; black-face comedy sketch, j Frank <’. Holmes; "Long Talk," Great j Junior of Georgia Jack H ‘Miller; "Long Talk," Past Sachem W. ; H. Abbott. The public is invited. AVIATOR ATWOOD'S WIFE IS IN RENO FOR DIVORCE REN(\NEV„ Dee. 13. Mrs. Harry At wood, wile of the aviator who made a record trip from St. Louis to New York two years ago, arrived her todav and has taken up her residence in the divorce colony. She plans to tiring suit against her husband. R. E. Jones. ■ K. E. Jones, 35 years of ago. of North Side park, died at a private sanitarium at 1:30 o’clock this morning. He is survived by his wife, three children, and his mother and father. The body was removed to Patterson’s chapel to await funeral arrangements. * ~ -1 THE SFOR ]L° F CHRISTMAS SPIRIT pa MUCH & BROS. CO. = I sSale of Gold Jewelry, 98c | s ... ' "—“ x -- Real solid gold .jewelry at 98c—worth and style without extravagance. Every piece offered in this lot is guaranteed to be 10-kt. gold—and to wear Sl foiexer. \\ <* doubt if any jewelry store shows more or varied designs, and ®L we re fairly sure that no jewelry store has 10-kt. gold" jewelrv pieces at 98c. 2h' .Sg --'S O lor han,lso,, ? e Be.arf Pins in this edges, some embossed, others with signets. «- leJj" ’Mb l (,t I none worth less than $2.00; Only 98c. " •£/ -fc/OVumny worth a half more. Solid Tie Clasps-Oval and square shapes, plain t goh pins and mountings va- signet. emb()SS( . d or engraved designs. SH * »°" s k. seT S’. ,tb <louble l s and , r *?' l st ?\ lPS - Some to match links. 98e ? 55 iSB Bar Pins— Plain or embossed: beautiful de- p;-,-., , „. A . signs, 98c. Rings— Assorted styles. Tiffany settings.*®- • Beauty Pins— Some to match above; the with various kinds of stones. For num ami *J . t , M pair. 98c. Wo,,lell ' 98c ' £- ; Cuff Links— Over 50 styles, plain or beaded (Famous Center Aisle—Main Floor) ' g Bags With $3.50 Frames Brass Goods Sa e ?» Hereafter we shall not handle J 2 > lOF Qftz* ] ce!ia ' n ''ties llt brass goods and ' . “ V* i their discontinuance means these i .|. i ■ i- i xi- \ bargains for you: gr* i 5® I aking his surplus stock or adKJk gy Jar \ eo „, ~ \ I '-21 , , .. . ... M 1 ffr 1 $22.50 Brass umbrella stand, $12.50. *9 handsome frames that go will’ r , ~ * i 1 "M .. i *•> -n i -i . CM s'-° Empire umbrella stand, $12.50. K.- I ' ’ " " !a 11 sll Gilt Magazine stand, $6.50. « HE used his usual mammals, and $lO Gilt Flower basket, $7.50. . lo! ~ a better bHS -™' or Ant. “rass Jardiniere, $7.50. | " p ’>ave ever seen at 98.—a sls Brass Jardiniere. 12-in $lO *= H»g at 98c that IS easi!v wor ; h $18.50 Jardiniere. 14-in., $12.50. J- ■ s®* i rl- o< ’ t° $17.50 Brass Jardiniere, 12-in. size, S» | ■3® Frames are German silver and German silver gold plated, gun J,^® ssel - $12.50. yJW metal and leather covered. Seal and walrus grain leather, moire $25 Brass Wood Has et J #2n s9, ttii IT* and leather lined, creased and round bottoms. Fitted with coin ’ W 0(1 Basket - S 2O - *• . I purse. Sizes and styles to please all. Black only; 98c. Tube Brass Gongs, $6. • ! .S 3 (Center Aisle—Main Floor) (Brass Goods—Third Floor) J--i ,S $1 Union Suits Two Toyland Specials, at 5 E 8 1 iiiJ !! ZKri r » Pianos-Well-made upright doll S I; Jbß "seconds" —l<■ t VVV pianos, of rosewood finish: com- f s'* >• him have his way: plete with ten (10) keys; 7 1-2 K IT ft* |there is nothing about them to : inches high; 10 inches long. - \ *3* Made of soft Sea Island cotton. 1 long, 8 inches high, with trav ». g»' ■ line ribbed, ankle length, long inside: of wood, and paper cov- V" ' M sleeves. Sizes 4. a and 6. , .. , -.. . ..' 1 ~ v ~r- . ered. Only <8 in all—we fear fta 50c Undershirts, 25c tliere will be none for late comers. *®l ; ■ For the same reason. Same style X,, phone orders on either of these specials $V I as above. Sizes 4. 5 and 6. I (Underwear —Main Floor) (Toyland Annex. Main Floor—Right Aisle) ' £ When You Give Gloves Chiffon and Auto Veils £ Remember these makes: Eownes. Trefousse, In XmaS BoXeSZ Special £ I Vallier. from abroad ; Haemo, Dempster and Just 300 attractive chiffon veils. 2 e* Place. Ireland, Fiske, Clarke & Clagg, from ; yards long and 27 inches wide. Have ©a* VJW , flee P sat* ll borders. White, black and «a'* ' at home. all colors; all ready in a pretty Poin- I IJW For these are the best of the world’s settia Xmas box. 300 should not last out the day : - b- . , , at the price of 59c. s LJ* gloves—time-tested and true. u i en •-- I They are here in every color, style and Cnilron Veils $1,50 j ’4! size Priced to $4, and anv pair will be pret- h Heavy cliiffon veils with deep borders; 2 yards JC j >} ■ . ii/ • . , t i by 1 yard: black, white and colors. , tily boxed upon request. Mahne Scarfs Are New lt m° ntl " VKP-.nd t1 00 ejovos ■2! Childrens oOc. and $1.0( Glovesat 2oc. Broken w)th shirred or little bow knots. Easily made lines and s z l ' Mallne by the yard in black, whit- and all colors ** - (Gloves. Main Floor—Left) is 25c d M RICH & BROS. CD. RWNVWMWtO?* * 8805 80 /WWIW THE ATLANTA GEORGIAN AND NEWS. FR ID AV, DECEMBER 13, 1912. Clay’s Confession Halts Woman’s Plea At the very moment that Robert Lee Clay was throwing off his mask of in sanity today and assuring those around him that he was perfectly sane, a wom an, giving her name merely as “Mrs. Kennedy," was seeking diligently to get to the governor in the capitol, for the purpose of convincing him, if possible, that' Clay was insane, and she knew why. Mrs. Kennedy came to tile capltol early this morning, and asked to see the governor. She was there two hours before the governor was due. After waiting a while, she said she would go to the mansion, but did not state what her business was. After a while she came back to the capitol, and Secretary Jesse Perry, see ing her in the corridor, asked her busi ness, She then said she wished to see the governor. She said she bad had experience among Insane people, and had studied their characteristics. She said “a hearty appetite and a rapid pulse" were two Infallible signs of men tal wreck. Secretary Perry assured her that there was no use seeing the governor, as the case had been settled—that it was closed. Mrs. Kennedy was not at all dem onstrative. She talked calmly, said she never had laid eyes on any of the Clays —but insisted that she knew Clay was insane nevertheless. Eventually a noon edition of The Atlanta Georgian reached the capitol, and Mrs. Kennedy read therein the story of Clay's admission that he had been shamming and been playing a part. Mrs. Kennedy left the capitol Imme diately. and made no further effort to reach the governor. TRAIN HITS WAGON TAKING SIX MEN TO WORK; 1 DEAD LEXINGTON, KY., Dec. 13. A wagon containing six carpenters on their way to work was struck by a Louisville and Nashville train at a crossing. Henry Wilson was Instantly killed: George Neal seriously hurt, and the others slightly in jured. imiffir POWER GO. W Will Appear Before Council Committee Today, and Plans Hard Fight. Joel Hint, the millionaire property owner who has declared that the rates of tlie il orgia Railway and Power Company are so high that he will not buy power from it. will renew his peti tion io the streets committee of council this afternoon for the right, to lay con duits under the streets through which to supply current to his buildings from his own private plant. Because this right is opposed by the Georgia Railway ami Powe:' Company Mr. Hurt will outline to the committee that lie will build an electric power plant to compete with the power com pany If his permit is tefusi d. Mr. Hurt expects to build a private power plant in the basement of his new skyscraper on Edgewood avenue and he wants to supply power to his several other buildings front this plant. The power company objects to his use of the streets because he won't be subject to the regulations and taxes of the pub lic utility corporations. The company claims the city can not legally grant the permit. Mr. Hurt said todai he would show the committee that such permits are granted in every city. Mr. Hurt once owned large street railway interests, but sold out to the present corporation after a bitter war of competition had lasted for several years. He claims that the history of the corporation since the consolidation would make the most startling story of high finance In America. Representatives of the company will be present to oppose his permit. A bit ter clash Is expected. -I BASS BASS BASS~B/\SS BASS BASS BASS BAS!rFASS BASS BASS BASS " 1 Another Great Sale of I ?Coats and Suits! (/) > 2 Another great bargain sale of Ladies’ Coats and Suits will begin in our popular second floor to- § < morrow. Additional lots of the great Ginsberg purchase—-and other lines bought at 50 cents on the g dollar. cz> 0Q C/) Sale will begin at 8 o'clock Saturday morning. « < Come early. S CQ J CZI Suits worth up to Coats worth up to 5 i&57.95 e5,54.95| (/? , | 155 < Suits worth up to Coats worth up to S 1 e5.59.90 5.56.90 1 < Suits worth up to Coats worth up to « $30.00; 0.50 $18.00; £7 QE g S choice.. Mr “ choice.. 'K ’ • $ 00 P 3 < Suits worth up to Coats worth up to $40.00; d> 1 A .50 $25.00; d»Q QA 5 “ choice .. * choice.. 'P*' « ’Z) • 05 — » Bargain Sale of Dieses % rz- 05 < Extra special sale of new dresses—-satin S messalines, all-wool serges, etc.-—all new 5 models and worth up to $15.00. Ci/I QE S Take choice for only CC Q 5 iZ) > Other Bargains in 2nd Floor co 05 CZ) 200 Children’s «'ont.-; s.unpl Big lot of L.tdies’ Waists in mi. Ladies' All-Wool S\\ .iters’; 2 i-hoi*-' .'. . $4.95 values SBc Xim’ up .':'. M : w,: . $1.95 1$ Satin Messallm Petticoat:-, will; Ladies' Vests and Pants; heavy- Ladles' (luting Gown-, full -nt up th ss.uo; this QC ribbed; 50e values; OKa al,<l ' V, 'H made; rr* ys sale only itUwV SI.OO values.... “wwC l'’ur Noekpieees, worn up to Ladies’ Union Suits; heaw, it,- Ladles' Ri ady-to-\\ e;n Hats; *!; $15.00; on sale bed and fleece-lined; AQif» valm-s up to $5.00. in WU tomorrow at .. . SI.OO values WV this s:il<-, only wOO C/) Handsome Fur Si ts, vorth op to Children’s Vests and Paris. :ib- Ladle-' Trimmed Dress Hats, . W $20.00; choice, bed and fleece-lined; IQr* worth up to $15.00; aCI ™ f -Z) tomorrow p er garment choice.. < CZI “ Specials in Blankets and Comforts > Iloro are seasonable specials in Blankets mi d (’on) lot Is bin-trains I hat will nol lie duplieat- F ® e.d by any other Atlanta store. An immense stock- but early buyers M ill get choice of best iZ) offerings. qs (Z > Babies' (’rib Blankets, soft and Extra large and heavy Blanket-. ; Good size Cotioti Comforts, silk- r/s warm: this sale, Ofln worth $2.25; at 4 oliue-covered; tzi perpair I B «’O 3oC t/) Special lot of three-quarte: size Full size Cotton Comforts, with 05 Cotton Blankets; SI.OO A Large, fine Wool-Mixed Blankets, splendid silkolinc ■£ 4 A values per pair *tvv $4.00 value; per ~ . ■ covers I a 4O <Z; CQ Single bed size Cotton Blankets, pair Extra size silkoline-covered Cot- CZ on sale tomorrow. SQf* ton Comforts: Aa <Z) at, pair Extra large and very fine Call i $3.00 values j|. VO W Full 11-4 size heavy Cotton Blan- fornia Wool Blankets; the kind ■ Very fine sateen-eovered Cotton Rets; in this sale, 801,1 by other stores d” rhQ Down Comforts; gs« Aft CZ> CQ pair WVV at $5 ami $6; pair . SwoOw this sale CZ OO < Table of Novelties, Notions and Furnishings c/j Bm Big table of Ladies’ Belts, Ladies’ and Men’s Hose 4?- HHH co wijkO Supporters, wide Sash Ribbons, Ladies’ and Men’s A > S a 1 ■ Neckwear, Jewelry Novelties, etc. All at 25c for * St' I. cc Oas choice. OHWrIJ CZ) 05 1 These Extra Specials On Sale Saturday Only! Gill-’ Imi Bio Knit \\ - M* :i $2.00 Kid Gloves on .1 . Noil Silx.i Motth Bugs, in va- " on -:i ■■ torno m miiroii only CbQru rkm tyl<-. s.'i.nx. nt 4&.WW j. pa | r OOG SI.9S and . WOC Ladies' Woo! G ■ Ladh 1.511 ■: " • 2-ela-p Kid Ladle .ml Men’ Knit Mufflers. >55 25c 79c 25c 02 11 ' ■ Hat >d - ® ftQg' ■ f" - Ot-s; pair . . ut> „ n |y V , m,. ant ] QC _ un g T Special sale of Smiths seamless « “ all-wool Brussels Art Squares at the % < following bargain prices: $ 6by 9footC* r Qfl 9by 12 QjA § 2 size,only <4P»>»zv/ size, only S? J V ! “ Q A C G “ 2 Trading MA Near g Stampa Whitehall BA~SS BASS BASS BASS BASS BASS BASS BASS BASS BASS BASS~ BASS 3