Newspaper Page Text
7
HEAR ST'S SUNDAY AMERICAN. ATLANTA. GA., SUNDAY, APRIL 27. 1012.
Georgia’s State Credit Best In Country
*!« • •!* *!*•*!• •!* • *1* •!*•*!*
Refunding Outlook Is Pleasing to Slaton
Next Chief Executive’s
Trip East to Meet Fi
nanciers Makes Him
Peel Sure Bonds Will
Be Taken Up Imme
diately When Issued.
GOVERNOR-ELECT .JOHN M. SLATON.
Governor-elect John M. Slaton, who
ha» Just returned to Georgia from an
extended trip East, where his prin
cipal concern was the discussion with
prominent bankers of the refunding
of $3.679,000 of the State’s bonds due
in 1915, found the State’s credit sec
ond to no other in the Union, and
expresses himself as entirely confi
dent of a highly successful and Sat
isfactory re-issue.
The incoming executive was grati
fied to discover everywhere he went
a most friendly and fraternal feeling
toward the South, and became con
vinced that the nation has its eyes
upon Dixie to-day as it has not had
them since the war, and is looking
onfidently toward Southern leader
ship in Washington for safe and sane
if.tilts, not only in the paramount
matter of tariff revision now, but in
all things calling for the wise state-
manship and far-seeing political sa
gacity.
Both in New York and In Boston
Mr. Slaton found a particular healthy
and cordial feeling in financial circles
toward Georgia. Time and again the
State's unique and more or less pre
cautionary restrictions and inhibi
tions in the matters of its tax rate
and bonded Indebtedness were cited
to the Governor-elect as indicating
why the State’s credit is to-day so
high, and the wish was expressed to
him more than once that other States
would adopt Georgia’s rules and reg
ulation with respect to those things.
Discussing his trip East, the Gov
ernor said:
“My time while away from Geor
gia was largely occupied in investi
gating financial conditions with ref
erence to the refunding of $3,697,000
of the State’s bonded indebtedness,
which falls due in 1915.
investigations Into Terms.
"Of course, investigations must be
made as to the terms of the new
bonds, their character, whether serial
or otherwise, the rate of interest they
should bear, and all other conditions
that would make them attractive to
prospective purchasers, thereby in
suring the strongest competition and
the greatest advantage to the State,
"Mr. Speer, the State Treasurer,
had given me a letter of introduction
to the bank with which Georgia has
dealt for many years in New York,
and I had similar letters from Geo-
gia financiers of equal prominence
to other banks in the East. Every
where I went, I found the utmost con
fidence in my native State, and I am
sure no other stands higher in the
respect and esteem of the financial
world than it does.
Tin thing that seemed particu
lar.! to interest the hankers and
financial kings of New York is Geor
gia's Constitution prohibition against
any increase of the State’s bonded
debt. Several of them told mo that
some similar provision ought to be
in force in the fundamental law of
numerous Northern States, where the
floating indebtedness constitutes an
ever increasing menace and danger
to financial responsibility.
Another feature that surprised
many, and gratified them as well, is
tic fact that Georgia Constitutionally
pledges all of the State’s property,
• veil including the Executive Man
sion and the Western and Atlantic
Railroad, to the payment of the
state's bonds.
"No other State ran hope to sur-
1 and few to equal, the genuine
an 1 substantial security Georgia ot
ters for its bonds. >Ve have constant
ly decreased them, and have indi
cated a wise and conservative insis
tence upon the payment of our debts.
Accords With Common Sense.
This course has been in perfect
accord not only with common sense
in avoidance of financial embarrass
ment, but has been a thousandfold
remunerative to Georgia because of
the invitation therein extended to out
side capital to enter and develop her
resources in assured safety and
profit.
••While it was agreed that it yet is
too early to make definite provision
for the disposition of the refunding
bonds, still by Legislative act the
entire matter must be determined in
advance of the maturity of the old
bonds, and we shall have only two
sessions of the Legislature in which
to make provision for the refunding
“Personally, I would like to se<
the new bonds taken up in Georgia.
They would be State, county and mu
nicipal tax free and exempt from the
Federal income tax. Their purchase
by Georgians would be a gratifying
tribute to the State within itself.
However that may be, there heems
now no reason to suspect that the
refunding of the bonds may be ef
fected in anything other than the
happiest of circumstances.
“Generally, I found a spirit of great
friendliness toward the South mani
fest in all quarters. The nation is
looking toward the Congressmen
from Dixie to play the larger and di
recting part in national legislation
for the next few years at least. The
disposition to give the South a fair
trial in Washington is very evident
in the Eat't. The matter of tariff
revision is to be effected very much
as the Southern Congressmen elect
“It is not alone in the matter of
tariff revision, moreover, that the
South is expected to act a fine and
worthy part. It is furnishing the
flower of Congressional leadership,
and it is expected to enact a safe
and sane rule all along the line.
Southern Men in Office.
“The apointment of Southern born
to offices of trust, whether living m
States of the other sections or no,
was remarked upon everywhere I
went, and with approval. In New York
the new District Attorney is a Mary
lander, and the new Collector of the
Port is a Tennesseean. There are
many others, but 1 mention these two
as illustrative.
“As for myself. I trust, hope and
believe that Southern men every
where in authority will display that
high quality of statesmanship expect
ed of them, and that they will emu
late the fine #iigh-mindedness and
resourcefulness that years ago made
the statesmanship of Dixie the con
trolling force in the nation.
“Georgia to-day is interesting all
sorts of people. Whereas once it wa-
largely attractive to those concerned
in agricultural interests almost ex
clusively, it to-day is quite as en
gaging to manufacturers. Its draw
ing qualities, if I may express my
self that way, are broadening all the
time. It is continually diversifying
not only its agricultural crops, bur
its industries and institutions.
“While in the East, Mrs. Slaton
and myself were shown many charm
ing and peculiarly delightful social
attentions. That feeling of friend
liness and cordiality blended most
pleasantly with the evident feeling of
friendliness and cordiality in the bus
iness world. Nowhere was a dis
cordant note sounded. I went East
as patriotic and as loyal a Georgian
as I knew how to be. I am back
even more stout-hearted in my pa
triotism and loyalty than ever before,
and just a little bit prouder of the
Empire State of the South than when
1 left some three weeks ago.
“Georgia is all right, in every way,
and everywhere, and this fact is
known and appreciated outside the
State as thoroughly as within.
Logan Would Revise Ragtime and Trots Falling Steel Girder
Golden Rule Reading Defended by Sousa Crushes Man’s Skull
Associated Charities Secretary Puts New Music but Natural Expressions
Broader Meaning Into Biblical of American People, Noted
Injunction.
‘The Golden Rule ip an imperfect
statement of morality.” said Joseph C.
E"gan. of the Associated Charities, in
‘ i address before the Sociological
Congress yesterday.
It says,” he explained. ”‘Do unto
• uer.s as you would have them do
unto you.’ This is wrong.
Tie- inebriate want. 1 ' money for al-
■ "!i"l. The deserting husband wants
u railroad ticket to separate him far-
r from his family. The bankrupt
I i ten lee wants further capital. The
1/roud wish to conceal their needs
Hum those most likely to relieve them.
fo be correct.” he continued, “the
GuaU n Rule should read: ‘Do unto
others as you should want them to
1 " unto you.’ And that is why it is
not tiie truest criterion.”
Bogan quoted President Wilson as
follows:
You must strive in your friend’s
interest, whether it please him or not.
The object of love is to serve, not to
win.”
Band Leader Asserts.
* MACON, GA., April 26.—“Ragtime
music is not only distinctly American,
but it is a distinct advance and
achievement in musical art'of which
we should be proud,” declared John
Philip Sousa, the composer and band
leader, here to-day. Mr. Sousa also
expressed his satisfaction with the
modern dances.
“I ain not disposed to criticise the
bunny hug, turkey trot, grizzly bear,
puppy snuggle and kitchen sink
fiances,” lie said, “because I consider
them only natural expressions of our
human emotions, and anything that
is natural is proper. They are cer
tainly to be preferred to the stilted,
unconventional, meaningless dances
such as the waltz and two-step. I
dance the modern dances and am
proud of it.”
Charles Downs Has Miraculous Es
cape From Death in Accident
at Winecoff Hotel.
“THE UNWASHED MINORITY;”
MANN HIMSELF ADMITS IT
WASHINGTON, April 28.—Demo-
cratlc Leader Underwood was telling ,
the House the difference between the I
1 xisting tariff bill and the new one.!
“Take common soap, for instance,”:
1 i i1 !< rw ood t addi easing tl e
R publicans. “You taxed it 20 per
' °nt., and we have lowered it to 5
l' fr cent.” He paused.
“We don’t use it,” cried Republican
Leader Mann, and everybody laugh-
PENNY POSTAGE BILL
OFFERED BY BARTLETT
WASHINGTON, April 26.—Repre-
utatiVe Bartlett, of Georgia, to-day
troduced a bill for 1-cent postage
l" r> bill provides that after July 1 of
is year the rate shall be 1 cent an
‘•mwe for first clasj* mail.
JACKSON, GA., VETERAN
DROPS DEAD AFTER MARCH
JACKSON, GA., April 26.—As lie
walked out on the street, just after
finishing dinner, J. C. Maddox, a Con
federate veteran, dropped dead here.
He marched in the Memorial Day pa
rade in the morning and appeared to
be in his usual health. In the war
he served in Company I. Fifty-third
Georgia Regiment. He was 75 years
old.
M'MANIGAL EXPECTED TO
BE FREED WITHIN 30 DAYS
Charles Downs, of 1 Carnegie Way,
and head steel man for the George a!
Fuller Construction Company, is at
the Baptist Tabernacle Infirmary to
day with his skull fractured, perhaps
fatally injured, by a falling steel
girder at tbe Winecoff Hotel.
His left side was paralyzed when
the girder fell from the placement and
struck him a full blow on the head.
He was rushed to the infirmary and
operated on by Dr Lerov W. Chillis,
who was passing the Winecoff Hotel
at the time.
j That he is alive is a miracle, ac
cording to the head nurse at the in
firmary, who assisted in the operation
I to save the injured man. The brain
was! exposed by the blow. When the
pressure was relieved on the brain the
paralysis disappeared.
TWIN BROTHERS TO WED
SISTERS ON SAME DAY
LONDON, April 26.—Jerome and
Ernest Kennedy, twin brothers, mem
bers of the London Stock Exchange,
will be married to Gwendolyn and
Freda Hope, sisters, at Brompton
I Oratory to-morrow. Although both
i couples were betrothed on the same
| daj and will be married at a double
i wedding, they have decided to enjoy
i their honeymoons separately. One
cfbuple will go to the Continent and
e other will tour Scotland and Ire-
DL rnLLU vviinm Ur\ i o
I XE\V YORK, A
LOS ANGELES, April 26.—Ortie L)
McManigal, confessed dynamiter, who>, 1 • Belmont n.u f
I{land.
MRS. BELMONT TO WORK
FOR SUFFRAGE IN PARIS
April 26.—Mrs. O. H
gc ne to Paris, where
MCjMamgai, COIUBBBCU uviiamuci, win/.
has been a prisoner here since April,', she will aid Chnstabel Pankhurst in
1911 will be released within 30 days.( founding a branch of the Social ann
according to attaches of the District] Political Union il it seems advisable
Attorney’s office. f From June 15 "o June 20 she will
McManigal says h
informe,1 he was to b
dares he turned Stat
ease his const
inunity.
had not been!
freed. He doj
?vidence t/
be a delegate at the International
Suffrage Congress at Budapest,
lending the *est of the summer at
nee and not lor imV ' Deauvill *. Franc'*, with th«• Due <
, of Marlborough and her children.
and
One
Pennant
Coupon
At your
Newsdealers
or
either of our
Atlanta
Offices:
20 E, A sbama Si.
35 tecta St.
and
One
Pennant
Coupon
ffyour news
dealer can't
supply you,
send 18cents
coin or
stamps to us
The Yale blue, with white mascot and letters, will afford a de
lightful color contrast, in your table cover, pillow top, or other
home or den decorations, to the pennants offered in previous weeks:
THE HEARST’S SUNDAY
AMERICAN COLLEGE PEN-
NANTS are 12x30 inches in size;
durably made of wool felt, with
Heavily Embossed Felted Letters.
Each reproduces in a highly artistic
manner the color and the seal or
mascot of some great university.
The Table Cover pictured above
shows one of the many delightful
effects secured by the use of these
pennants. If you want beautiful
color effects in table or couch cov
ers, den decorations, etc,, start your
collection
college pennants now.
Old Gold and White
if®
ibUm
Red and Black.
Orange and Blue.
Present this coupon to your news
dealer and get your pennant at
the special reduced price. If he can
not supply you, send direct to us.
THIS COUPON entitles the holder to a handsome Wool Pelt Col
lege Pennant at the Special Reduced Price of 15 Cents when pre
sented to any Atlanta newsdealer or at the offices of
SUNDAY
ft
20 E. Alabama St. ATLANTA, GA.
35 Peachtree St.
Three cents extra if sent by mail or redeemed by out-of-town
newsdealers or agents.
YALE PENNANT
Illustrated Below as Part of the Pennant Table Cover
In Atlanta
Out-ot-Town