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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