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IECORD YEAR IN
BENLTY; SALES
520.000.000
Outlook for 1913 Is Even
Brighter, Declare Leading
Dealers of Atlanta.
With real estate sales estimated bj
jxperst at J 12.000,000 to $20,000,000 in
;he last twelve months, prominent
jperators declared today that 1912 has
?een a banner year and that 1913 will
even better.
Figuring 313 working days, the
average per day at the $12,000,000 fig
ure Is a little more than $38,000, and at
the $20,000,000 figure, nearly $64,000.
One of the larger agencies reports
sales aggregating over $3,000,000. an
other nearly $2,000,000 and two others
$1,500,000 each. Two individual dealers
report sales of $2,000,000 and $1,300,000,
respectively. Two other agencies give
In $500,000 each, and three others are
estimated at the same figure. Still an
other agency’s business is estimated at
$1,500,000. The total of these is $14,-
600,000, or approximately $47,000 per
day.
One Agent Made $15,000.
one agency announced commissions
of $50,000, with a salesman making
$15,000 and another making $5,000.
■Nineteen twelve," declared S. E.
Davidson, sales manager of the Edwin
P Ansley Company, “was the best
year in Atlanta’s history. The city is
growing at a compound interest rate,
in the manner of the snowball rolling
down hill, gathering momentum as It
goes. Real estate has of course played
its part in this progress and will con
tinue to do so. Next year will be
even better, and 1 look for the in
fluence of the Panama canal to bring a
great increase in values.”
•Atlanta real estate dealers have
■ause for feeling happy this Christ
mas,” asserted Gen. A. J. West, of A.
J. and H. F. West, "with a banner year
behind and a better year promised
ahead. Not only have Atlantans faith
in local real estate, but people from
Maine to California and from the
lakes to the gulf have bought here and
will continue to do so.
Prospects Never Brighter.
‘Atlanta is the best city in the coun
try not only from the real estate stand
point, but from any other,” asserted
Forrest Adair, of Forrest and George
Adair. “In business, in social stratum,
in manufactures, in anything you think
of. How many people know that 268
different articles of value are manu
factured in Atlanta? Also that the
percentage of wage earners to popula
tion is greater than in any city in the
country with the exception of Lynn,
Mass, Talk about the smoke evil if
you will, but if I had my way I would
velcome 500 new factories, belching
■rth their mountains of smoke, even
if they found it impossible to avoid
unoke by using electricity. The year
has been wonderful in real estate sales
and prospects were never brighter for
continuance.”
“I heard an insurance man say,” de
clared e. Rivers, of the E. Rivers Real
ty Company, "that his company would
rather loan money on Atlanta property
than on the property of any other
ity in the country’ save New York. I
asked him why the company preferred
Atlanta to Philadelphia, Baltimore,
Washington and Chicago, and he said
it was because of the confidence that
Atlanta people had in their own town.”
“I estimate the amount of property
'-hanging hands in 1912 at $12,000,000,”
said Bryan M. Grant, of B. M. Grant
& Co. "Atlanta is the best real estate
town in the country. This year has
been wonderful and 191$ looks like It
ill be better.”
Foresee Record Year in 1913.
Although 1912 was a record-breaking
J ear in the real estate business,” said
J. O. DuPree, of the W. L. and Jno. O.
DuPree agency, "we must look to the
future and prepare for it. There is
an annual Increase of 10,000 to 15,000
■ I! Population, and houses must be
I’uilt to take care of the additional
number. Many real estate men have
found ft almost impossible to supply
the demand in dwellings and apart
ment houses. One of the features of
'he year was the way real estate held
ftp brisk throughout the summer and
op to Christmas.”
There is no cloud on the realty ho
rizon that I can see,” declared R. O.
' ochran, of the R. O. Cochran agency.
1 can say that the year has been a
k» >d one and I believe next year will
outstrip it.”
L. Turman, of Turman, Black &
1 alhoun, declared: "Nineteen twelve
'as one of the best years I have
itnown, I have just returned from a
rip to New York, Baltimore, Wash
ington and Philadelphia, and the
•sihesi outlook leads me to believe
'hat fair sailing is ahead for this entire
section."
( harles P. Glover, of the Charles P.
r dover agency, J. H. Ewing and J. R.
Sn 'ith. of Smith & Ewing, and many
"ther realty men joined in the general
' horus, and there was not one who be
'lrved that politics would have any
effect on Atlanta business.
HONEY cheaper next
YEAR, SAY DEALERS
HtCAGO, Pee. 25.—‘‘Use the automo
for hauling honey from bee yards,"
advised F. B. Cavanaugh, of Hebron, Ind.,
the annual meeting of the Northwest
rn Beekeepers' association, which was
’’hi at the Great Northern hotel. He
saill the horse is slow and the stinging
"■ministered by the bees interferes with
work Members declared that honey
ahi be cheaper next year.
In 20 Years Ruler of Wall Street Has Gained Control of $25,000,000,000
HOW MORGAN BECAME MONEY KING OF WORLD
< . ... -JR. .wH >
■1892 1897 1905$ 1912 —*«•-*
20 Years Ago—lß92.
Outstanding
Stocks and Bonds.
Philadelphia & Reading 5177,673,931
New York Central 154,855,633
N. Y., N. H. & H 61,761,000
Chesapeake & Ohio 107,992,000
New York Banks (the First
National and the old Bank
of Commerce) 25,000,009
Total $527,282,564
LYNN,ALLEGED
SIM, JAILED
Held for Killing Aged Dublin
Man, Whom Wife Said She
Shot Dead.
DUBLIN, GA., Dec. 25.—A. L. Lynn,
charged with the murder a week ago
of F. M. Hightower, 70 years old, is
spending his Christmas in the Laurens
county jail here. He was committed to
jail yesterday afternoon at his com
mitment trial before Judge J. B. Green,
to await the action of the grand jury.
Lynn’s wife claimed to have done the
shooting because Hightower insulted
her. However, the prosecution intro
duced evidence in a letter written by
Lynn and signed by his wife, inviting
Hightower to visit their home on the
day of the shooting. A negro testified
he saw Lynn leaving his house imme
diately after the shooting, going out
from the rear.
This and other testimony was not
successfully disproved by the defense.
The letter written to Hightower,
which was signed by Mrs. Lynn, stated
that Lynn and the largest children
would be away that day, and that Mrs.
Lynn and the baby would be very lone
some alone.
Lynn and the children were to be
away three days, and it was suggested
In the letter that Hightower go to the
Lynn home during the afternoon of the
first day for a load of lightwood and
get dinner; that he could get enough
lightwood to make three trips, and
could get his dinner each day.
In a statement made on the witness
stand. Lynn said he was with his chil
dren in a field picking cotton when he
heard the shots fired, and later went to
the house, believing it was on fire.
CHRISTMAS SHOPPER
SAVES 3 CHILDREN AS
THEIR HOME BURNS
CHICAGO. Dec. 25.—Mrs. Alice Wal
ters is having her merriest Christmas
day. Her friends have poured con
gratulations in on her all day. Yes
terday Mrs. Walters rescued three chil
dren from a burning house.
She was on her way home after hav
ing done some shopping. Her arms
were full of bundles. A woman in an
electric coupe motioned to her. She
saw flames and smoke coming from a
house nearby, and she heard children
screaming. Dropping her bundles and
leaving them with her five-year-old
son, she rushed to the house, broke
down the door and carried the children
out.
The children were those of Charles
Berleln. Their mother had locked them
In the house while she went Christmas
shopping.
BODY BEATS ENGINE
U. S. SAVANTS SHOW
WASHINGTON, Dec. 25. —The efficien
cy of the human body is considerably
greater than that of the best steam en
gine ever constructed, the department
of agriculture has found after extensive
experiments with its respiration calorim
eter. The efficiency of the human body
is 20 per cent, which means that five
units of energy must be supplied by the
fopd to provide one unit of work. The
efficiency of the best steam engine is 14
per cent. The experiments have failed
to show that mental work makes de
mands for physical energy.
THE ATLANTA GEORGIAN AND NEWS WEDNESDAY, DECEMBER 25, 1912.
15 Years Ago—lß97,
Outstanding
Stocks and Bonds.
Philadelphia & Reading... $185,640,504
New York Central 170,677,333
N. Y., N. H. & H 71,844,982
Chesapeake & Ohio 125,625,512
Southern Railway 274,200,000
Northern Pacific 90,000,000
Chicago & Great Western.. 31,517,900
General Electric Co 80,000,000
Erie Railroad 321,000,000
Int. Harvester Co 1,000,000
Banks in New York 45,000,000
Total $1,396,506,231
John Pierpont Morgan, 75 years old, head of the
banking house of Morgan & Co., testified before the
senate money trust inquiry the other day that con
trol of money in this country was a matter of individ
ual trust and confidence.
No one man can control the property of others
longer than he is trusted, he said, and if he once
abuses the confidence placed in him he loses his power
in the money market and he can never get it back.
Character and not collateral’ Is his basis for mak
ing loans, he said. "Men have come to me,” said Mr.
Morgan, “and I have given them checks for a million
dollars on nothing.” He said that in some cases he
would refuse loans, no matter if the applicant laid
United States bonds down on his counter.
™'&''"~ TH e s^ e t Tmi >^? - 12ja»'"»’ -V->3
HERING TO LOSE JOB
AS EXPERT FOR CITY;
$3,000 SALARY SAVED
The "pruning knife” has been drawn
by council to lop off certain city offices
that are considered sinecures. After
January 1 there will be no consulting
engineer in the construction depart
ment, council having decided at a meet
ing yesterday to abolish the office.
Action was taken over the protest of
Captain R. M, Clayton, chief of the con
struction department, who wanted Dr.
Rudolph Hering, the consulting engi
neer, retained in office until the com
pletion of the Peachtree and Intrench
ment sewage disposal plants. Council
couldn’t see that the job was necessary,
however, and decided to effect a saving
of $3,000 a year.
This much accomplished in the con
struction department, members of coun
cil are now expected to go further and
insist that something be done to give
Atlanta "navigable" streets.
R. E. PRINCE HEADS
JOHN ROSIER LODGE
OF MASONS IN 1913
At its annual meeting in the temple in
Hemphill avenue. John Rosier lodge. No.
608, Masons, elected the following officers
for the ensuing year:
R. E. Prince, worshipful master; R. C.
McCall, senior warden; E. E. Moyer, ju
nior warden; W. M. Burdett, treasurer;
W. H. Jacks, senior deacon; Sam Morton,
Junior deacon; E. M. Rozier, senior stew
ard; T. A. Chapman, junior steward; J.
Ira Hall, chaplain; L. M. Moffett, tyler,
and Claude C. Marsh, secretary.
The new officers were installed in public
by Dr. Horace Grant, pastmaster, assist
ed by Pastmaster W. H. Terrell. Past
master Terrell, on behalf of the lodge, pre
sented a beautiful pastmaster’s jewel to
W. M. Burdett, the retiring master. A
banquet followed the ceremonies.
ORPHAN WANTS TO BE
WILSON’S DAUGHTER
TRENTON, N. J., Dec. 25.—A little girl
in Maryland wants to be the daughter of
Governor Wilson. The governor has re
ceived this letter from her:
"Dear President: I thought I would
write to you and ask if you, would want
to adopt me. I am a poor little orphan
and I have to work for my living. I
heard you was so nice and kind, and by
all your children being grown 1 thought
you might want me.
"I am 13 years old and I would love
very much to be your daughter. I hope
I would not Insult you by writing this.
Excuse writing. Please answer. From
your little friend.”
The name of the child was not made
public.
10 Years Ago—l9o2.
Reading Company $205,951,000
New York Central 308,735,634
N. Y., N. H. & H 76,056,892
Chesapeake & Ohio 131,436,454
Southern Railway 305,081,700
Northern Pacific 453,952,500
Chicago & Great Western. . 31,517,900
Erie 352,197,500
New Jersey Central 74,115,900
General Electric 80,000,000
United States Steel 1,489,681,678
International Marine 120,000,000
Am. Tel. & Tel. Co. (y 2
stock) 159,213,750
New York Banks 65,000,000
Total $3,852,940,908
II ,000,ODD GIFTS
IN WALL STREET
Large Amounts of Cash Dis
tributed Among Employees
in Financial District.
NEW YORK, Dec. 25.—Wa1l Street
was a million-dolk r Santa Claus this
year. It is estimated that that amount
was distributed among employees of
the various Wall Street firms.
The distribution had been going on
for a week, but in the majority of cases
the payment of bonuses was made on
the day before Christmas. The year
now ending, although a fairly prosper
ous one for bankers, has been a lean
one for stock brokers on account of
the dullness in speculation. For this
reason, the Christmas total will be
smaller than In some former years in
which trading in stocks was heavy.
In some houses in "the street” fixed
amounts in gold were given to clerks,
stenographers, bookkeepers and mes
sengers, and in others the employees
received a percentage of their yearly
salaries. Ont- of the large trust com
panies presented to each employee from
the president down 50 per cent of his
salary for the year, but in most cases
the amount was much smaller.
In a large number of commission
houses ten per cent was paid. Em
ployees of J. P. Morgan & Co. will not
receive their bonuses until just before
the close of the year. Ten years ago
their present was a year's salary, but
since that time ten percent has usually
been paid to clerks affiliated with the
firm for ten years or less and fifteen
per cent to those who have been there
longer.
There is a growing tendency in the
financial district to substitute salary
increases at the first of the year for
Christmas bonuses on the ground that
the indiscriminate distribution of lump
sums places no premium upon merit, A
number of large Wall Street institu
tions also have introduced the pension
system for superannuated employees in
place of Christmas gifts
If what you have for sale Is not worth
the price of a Want Ad In The Georgian
for a few times then talk business to the
junk man.
The growth of Mr. Morgan's power, which has
made him the greatest financial figure in the world’s
history, reflects not only the growth of the country,
but shows the trend toward centralization —toward the
elimination of competition. Mr. Morgan testified that
he believed in combination and co-operation—not in
competition, although ”‘a little competition” was some,
times good.
Twenty years ago Mr. Morgan was a financial
pygmy compared to his present invulnerable power.
The figures given above show the tremendous
strides he has taken. They speak eloquently of the
overwhelming confidence reposed in the man by in
vestors.
FREIGHT MEN’S CLUB
ARRANGES A SMOKER
FOR FRIDAY NIGHT
The members of the Freight Traffic
Club of Atlanta will enjoy a smoker on
Friday night in the banquet hali of
Durand’s restaurant, on Edgewood ave
nue. Colonel R. L. McCleskey, assis
tant general freight agent of the South
ern railway, the president of the club,
will act as toastmaster, and the an
nual address will be delivered by E. H.
Hinton, chairman of the Southeastern
Freight association.
In addition to Colonel McCleskey, the
officers of the club are J. F. Hartsough,
division freight agent of the Louisville
and Nashville, first vice president; D.
W. Appier, division freight agent of the
Central of Georgia, second vice presi
dent; W. H. Paxton, general freight
agent of the Southern railway, third
vice president; S. W. Wilson, commer
cial agent of the Philadelphia and
Reading, secretary and treasurer; board
of governors, S. P. Stringfellow, as
sistant general freight agent of the
Seaboard Air Line; T. M. Wilson, com
mercial agent of the Nashville, Chatta
nooga and St. Louis; T. L. Collings,
commercial agent of the Central of
Georgia; C. A. Cowles, general agent of
the Norfolk and Western, and J. M.
Born, traveling agent of the Merchants
and Miners Transportation Company.
RAILROADMAN’S
WIDOW SUES FOR
$20,000 DAMAGES
Asserting that her husband, Neal Up
son, was killed at Ploughboy station,
near East Point, on December 13
through the negligence of employees of
the Central of Georgia railroad, Mrs.
Tommie Upson filed suit for $20,000
damages in superior court today.
She maintained that Upson, who was
an employee of the railroad company,
was standing on top of a box ear when
the train moved without warning,
throwing him under the car wheels. She
said he was killed instantly by the fall.
$20,000,000 SPENT BY
SHOPPERS IN CHICAGO
CHICAGO. Dec. 25,—Chicago has had
the biggest Christmas trade It has ever
known. This was the verdict of mer
chants today. It is estimated that Chi
cago shoppers spent, about $20,000,000
to help out Santa Claus. Some esti
mates place the total far higher than
1 this.
In 1912.
Reading Co $240,155,000
New York Central 522,599,908
N. Y., N. H. & H 335,155,900
Southern Railway 417,110,200
Northern Pacific 453,952,500
Chicago & Great Western . 31,517.900
Erie 370,606,200
New Jersey Central 71,710.800
General Electric 80,000.000
United States Steel 1,569,681,678
International Marine 120,000,000
Am. Tel. & Tel. Co. (i/ 2
stock) “ 159,213,750
Equitable Life Assurance
Society, Bankers’ Trust,
Guaranty Trust, Astor
Trust £o., and three
banks (testified to at
hearing) 22,245,000,000
Total $26,854,254,628
BRITISH SHUTT TO
GEO.WASHINGTDN
Erection of Monument to Amer
ican in Westminster Abbey
Is Proposed.
LONDON, Dec. 25.—The British com
mittee, organized for the celebration in
1914 of the centenary of Anglo-American
peace, has drawn up a comprehensive pro
gram, which has just been made public.
It is proposer! that a monument to George
Washington be erected in Westminster
Abbey or in Westminster Hail, adjoining
the house of commons.
It is also proposed that Sulgrave Manor,
Northamptonshire, the ancestral home of
Washington, be purchased and that an or
ganized effort be made, on both sides of
the Atlantic and in the British colonies,
to promote well considered educational
methods and the growth of the feelings of
mutual respect, affection and good will,
as well as mutual knowledge among the
peoples of British and American descent.
Prizes for essays on Anglo-American re
lations and new school readers are to be
included in the educational scheme.
It is estimated that for these purposes
from $250,000 to $300,000 will be necessary
and subscriptions already have been re
ceived.
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it up.
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The Studebaker Corporation ’
ATLANTA BRANCH 114 AUBURN AVE.
G. W. HANSON, Manager.
H CRIME ON
WANE IN ATLANTA
Thirty Per Cent Less Lawless
ness This Year Than Last,
Declares Detective Chief.
That crime and disorder in Atlant*
this Christmas was fully 30 per cent
less than last Christinas and In years
previous is the declaration today of
Chief of Detectives Lanford, after a
careful survey of the situation.
Shoplifting in the downtown stores
was less this year by at least 50 per
cent, said the chief.
Murder, burglary, highway robbery
and pocket picking all fell below the
usual record this Christmas, and there
has been u decrease all along the line,
he said.
Chief Lanford attributes this to the
fact that the police and detective de
partments are operating under better
system now and more men than were
on duty last Christmas. The depots,
hotels and tile whole shopping district
have been well covered with plain
clothes officers and detectives.
No Chance For Crooks.
"We haven’t given the crooks a
chance to do much work this ye,ar,”
said tile chief. "We've kept all suspi
cious characters under close watch, and
have made it so hot for them they've
been afraid to attempt to ply their
trade."
The annual report of the detective
department, no ■■ being prepared, shows
that stolen goods to the value of SIOO,-
000 have been recovered this year. This ,
record is greater titan any two previous
years combined.
Chief Lanford says lie still is in need
of more detectives, and will ask that
the force be increased from 23 to 30
men.
Peace reigns this Christmas day. At
lanta’s record for the day can attest to
that.
"The quietst Christmas since I have
been with the force.” said Police Chief
Beavers this morning. looking back
reminiscently over his 24 years of serv-
I ice.
Few Drunks Arrested.
No recent Saturday night has not
brought into the toils of the police as
many prisoners as were docketed Christ
mas eve, if not more. Since 4 o’clock
Tuesday afternoon, when the Christ
mas throng, by all laws of men and
holidays, should have grown unruly,
onlj’ 75 arrests were made. The record
< f the old order, says chief Beavers,
has been a packed prison, with 200 to
250 cases as an average for the night
before Christmas.
The spirit of Christmas, this year,
has not assumed a liquid form, to any
great extent. Another unusual condi
tion. say the police. Not more than
"plain drunk.” Fourteen are charged
with being drunk, but most of these
attached to their bibulous condition the
little fancy flourishes and proturb
erances which the police know as "dis
order." and these extras are responsible
for most of the artests.
With no homicides, no serious cutting
affrays, no accidents of unusual degree,
a record Christmas is the prospect.
At the Grady hospital no eases of ac
cidents from fireworks or other causes
had been entered.
TO ELECTRIFY MAIN
LINE OF RIO GRANDE
DENVER, COLO., Dec. 25.—The direc
tors of the Denver and Rio Grande rail
road have decided to electrify the entire
main line of the system from Pueblo to •
Salt Lake City. The financing of work
which will cost approximately •$15,000,000,
has all been completed. It is the inten
tion of the company to have the work fin
ished by 1915.
3