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THE ATLANTA GEORGIAN AND NEWS, W KIEnEoDAY, APRIL DO, 1913.
Beginning to Realize Vigilance
Is Necessary to Proper Cor
poration Administration.
BY B. C. FORBES.
Eternal vigilance is the price not
only of liberty, but of progress,
prosperity and even bare solvency.
Security holders of modest means
—the great army of America’s four
million bond and stock holders—are
not vigilant enough, They leave
things overmuch to the will of di
rectors and offleors, waking up only
after something serious has hap
pened to injure or wipe out savings.
The original H&vemeyer used to say
It was none of a stockholder's bust
ness what a company was doing as
long as the stockholder received Ids
dividends regularly. We all know
WHY Havetneyer took that attitude:
there were things going on In the
Sugar Trust that Its head did not
want pryed Into,
• * •
But are .imerloan stockholders be
ginning to realize that vigilance on
their part is necessary to the proper
administration of corporation af
fairs. There are encouraging signs
that they are.
• • *
Did you notice that the Steel Cor
poration had quite an interesting,
illuminating annual meeting the
other day? It was more like the an
nual meeting of a British company
than an American one. The holders
of South Africa mining shares re
cently compelled directorates to hold
not only th# regular annual meetings
in Johannesburg, but annual moot
ings in London also, where stock
holders could attend and put the
directors through their paces. The
Johannesburg meetings—I have at
tended hundreds of them—ere of the
cut-and-dried, American pattern,
* * *
Minority stockholders have been
manifesting: lively interest in the run
ning of numbers of corporations here
lately. They are not satisfied with
certain nets of the managements, and
they havo asserted vigorously instead
of remaining: dumb and submissive.
Bodies uf stockholders in such com
panies ac Central Leather, Federal
Mining: and Smelting, Vulcan Detin-
nlng. New York & Harlem* Railway,
Rutland Railroad and Goldfield Con
solidated have been showing active
interest in the doings of directors,
and in more than one instance tangi
ble results have been obtained.
:» * m
The days when the president or
one or two directors of a big cor
poration could run it as a private,
personal affair arc over. If the pub
lic are askod to supply capital for
an enterprise, then that same public
are surely entitled to be informed
as to how their capital is being
used. Secrecy begets acts of dark
ness; publicity breeds honesty.
* * •
I have received a letter from
President F. D. Underwood, of the
Erie Railroad, which will not be mis
applied if reproduced here, for it
bears upon the need for vigilance
upon the part of security holders—
although the vigilance he urges re-J
lates to the activities, not of the
directors, but of the multiplicity of
governmental authoiTties who now
have virtually usurped the powers
of the men responsible for conduct
ing the roads. Mr. Underwood
w rites:
If some one can do something
to awaken the shareholders of
the railroads the situation will be
much improved. Surrounded, as
railroads are, by spineless gover
nors and designing legislators, the
shareholders are having cold
comfort, but they do not seem to
realize they have a remedy.
As for the Dordholders: They
are in a class by themselves. You
will got nothing from a bondhold
er until his interest stops. While
many railroads in this country
will pass and others reduce their
dividends, the situation 1s not yet
serious enough to involve the
bondholders; so that it is upon
the stockholders (in many in
stances widows and children that
cannot be marshalled) that the
hardship will fall. The work of
despoliation will continue until
the facilities become impaired,
when the public will take a hand
in it, and we shall then, perhaps,
have a remedy.
* * *
The American has been urging the
necessity for vigilance on the part
of security holders. Heretofore, al
most every class of citizens has bad
its champions, but the rank and file
of bondholders and stockholders
have had few friends in tho halls of
our Legislatures. Is it not time to
change this?
* * *
To discrimina,to against investors
te tantamount to putting a ban upon
thrift and a premium upon thriftless-!
ness.
I China Accepts Loan
Despite Public Cry
Minister of Foreign Affairs In Note
to Powers Acts for
Government.
Special Cable to The Atlanta Georgian.
PEKIN, April 30.—The Chinese
Minister of Foreign Affairs to-duv
handed to representatives of the for
eign p°wer3 interested In the quin
tuple loan of $125,000,000 to China a
note accepting complete responsibility
for the loan on behalf of the present
and future governments of the re
public.
Following so closely upon reports
that President Yuan Shi Kai had de
cided to resign because of the public
hostility against the terms of the loan
contract, this was regarded as a clev
er political coup to enable Yuan to
retain his political prestige.
CALIFORNIA STATE LEAGUE
QUALIFIED FOR A RATING
AUBURN, N. Y., April 30.—Chair
man John Farrell, of th e National
Association of Minor Leagues, to
day ruled that the California State
League, embracing Stockton, 'Fresno,
Vallejo and San Jose, is qualified for a
class in the rating.
The claims made against l be Toledo,
Ohio, Baseball Club by Player W.
Burge and by Player Billiard against
the Columbus, Ohio, club were dis
allowed by Chairman Farrell.
He also awarded the services of
Va., team, and Player Tutle to the
Player Carmody to the Charleston, VV.
Canton, Ohio, club.
‘Working Women Best Mothers’
v o • v• 'b v• *}• v• *’«
Mrs. Beatrice Hale Cites Baby
v*v •!* • v«v •<*••!* •!«•+ *!*•*!
‘Housebound Parent Deficient’
Beautiful Young 1 Actress Tells Why She
Worked After Her Marriage.
iul urFICI
HEAR U.S. EXPERT
National Commissioner of Edu
cation Contrasts the New
Methods With Old.
t
A Elessing to Victims
Of “Sore Foot’’ Agony?
The following is said to be the
surest and quickest cure known to
science for all foot ailments: ‘Dis
solve two tablespoonfula of Calocide
compound in a basin of warm
water, Soak the feet in 1 his for
fully fifteen minues, gently rub
bing the oore parts." The effect
really wonderful. All
soreness goes instantly .
the feet feel delightful.
Corns and callouses can
be peeled right off. It
gives immediate relief for
sore bunions, sweaty,
smelly and aching feet. A
twenty-five cent box of
Galocide is said to bo suf
ficient to cure the worst
feel. It works through the pores
and removes the cause of the
irouble. Don’’ waste time on un
certain remedies. Any druggist
has Galocide compound in stock or
he can get it in a few hours from
his wholesale house.
P. P. Claxton, United States Com
missioner of Education, was the first
speaker at the afternoon session of
the convention of the Georgia Coun
ty School officials at the Auditorium -
Armory to-day. He spoke of the ad
vancement of the county school sys
tem of education "over the system in
vogue twenty years ago.
T. E. Waldrop, industrial agent of
the Southern Railway, opened the
convention this morning with a lec
ture on the school as a community
center. Discussion was led by E. T.
Steed. superintendent in Carroll
County, and C. H. Cox, of Pickens
County.
. Superintendent .T. O. Martin, of
Newton County, lectured on the
standard school. Discussion was con
ducted by C. F. Barnett, of th© Mor
gan County Board, and Superintend
ent Henry Milam, of Bartow County.
Corn club work was discussed by
H. G. Hastings, of the Atlanta Cham
ber of Commerce, and Superintendent
S. E. Jones, of Chatooga County.
The night session will bo a discus
sion of women’s chib work. Mrs. Z. I.
Fitzpatrick, president of the Georgia
Federation of Women’s Clubs: Mrs.
N. Peterson, chairman of the educa
tional board for the Georgia Federa
tion of Women’s Clubs, and Miss C. S.
Parrish, State School Supervisor, will
make addresses.
CALHOUN MAN RELEASED;
NOT WANTED IN ILLINOIS
CALHOUN. GA.. April 30.—Thom
as Lyerlu, who was arrested here yes
terday afternoon on suspicion uf being
Ray fcjeivvens, wanted in Pontiac. III.,
for a murder committed thirteen years
ago, was released in Cartersvllle to
day after an Officer from Illinois de
clared he was not the man wanted.
Lyerla has returned home anil is
now threatening to prosecute the
Sheriff of Bartow County and his
three deputies, who made the arrest,
and also his wife’s uncle. Robert,
alias "Hhotheel,” Jones, of Garters -
vilie, who accompanied the officers.
Mrs. Beatrice Forbes-Robertsou Halt
NEVA’ YORK, April 30.—“Do you
think she looks neglected for my hav
ing devoted some time to my profes
sion?” asked Beatrice Forbes-Robert
son Hale, as she proudly exhibited
her two and a half year old baby to
a reporter.
The youngest member of the well
known dramatic family of England
had been speaking from practical
experience on ‘The Married Woman’s
Problem: Shall She Work or Shall
She Not Work Outside the House.?*'
“Like scores of young women of
to-day I insisted upon continuing
my work for a while after marriage.,
or delaying our marriage for at least
two years. Mr. Hale was a graduate
of the Harvard law r school when we
became engaged.
"I felt that I wanted to give my
baby fresh air and the conditions that
make for Strong and healthy children.
I continued my star career, ae Mr.
Ifale sensibly, agreed that I should d ).
Like plenty of young people, we
might have preferred to live in a
two-room and kitchenette apartment
in Harlem, with the baby looking out
on the stone walls of a court instead
of green trees and the sunshine, but
we preferred to work together until
we could have things just as we
wanted them.
No Disgrace to Work.
“When young men get over the
foolish idea that it is a disgrace for
their wives to work we shall have
more ideal married conditions. A
man has # far more respect for a wife
whom he knows has been able to
support herself before marriage and
can help with the support of the
family, if necessary, after marriage.
She becomes a true partner in mar
riage, and not a leaning, whining
creature—the kind that frequently
accepts alimony and considers it no
disgrace.
“All this talk that is receiving .»o
much attention from school boards
and corporations of married women
teachers and other married women of
the professions sacrificing their ca
reers to children is nonsense. Forc
ing capable women to abandon a pro
fessional or business life for this rea
son belongs to the reasoning of a
past age.
Tells of the Benefits.
“And why shouldn’t she be as much
if not more interested in working for
(hr little family she loves, and socie
ty for whom she lias done a service
than before marriage in merely
working for herself?” asked t.V*
young woman, who before her mar- 1
ring* to Swinburne Hale, four years
ago, had won fame on the same stage
with Ellen Terry, Sir Herbert Tree,
Henry Irving and other noted English
players.
At her pretty home at Forest Hills.
L. I., Mrs. Halo explained why so
ciety and- the family were benefltted
by the wife working outside the
home.
“The chief reason why young folks
hesitate about marriage is the econ
omic one,” she said. “Society’s snob
bish notions and false standards of
life, instead of encouraging matri
mony among the young, make it is
difficult for them as possible.
ARCHBOLD WITNESS SAYS’
ERIE TRIED TO RUiN HIM
WASHINGTON, April 30.—William
P. Boland, of Scranton, Pa., chief
witness in the proceedings which re
sulted in the impeachment of Judge
Archbold of the Commerce Court,
laid before Senator Norris to-day al
legations that the Erie Railroad lias
attempted to ruin his business be
cause of the part he played in the
impeachment trial. The question lias
arisen whether retribution visited on
one who testified before the. United
States Senate does not constitute
contempt.
CABLE
NEWS
Important Evonts From All
Over the Old World Told in a
Few Short Lines.
BANRABAT, MOROCCO, April 30.
Tribesmen ambuscaded and attacked
a French column of troops in the
Outmeribla district of French Mo
rocco to-day, killing four and wound
ing twenty soldiers.
Emigrant Record Broken.
GLASGOW, SCOTLAND, April 30.
More than 4,200 emigrants, a record
of departures in one day from tlie
Clyde, are en route to-day for the
United States and Canada.
Fear Loss of Suffrage.
THE HAGUE, April 30. -The Wom
an’s Suffrage Society will hold a
meeting here May 4 to protest against
the Government’s proposal to revise
tlie Netherlands Constitution, so that
women of Holland again would be de
barred from voting.
Queen Alexandra III.
LONDON, April 30.—Queen Alexan
dra’s health is Riid to be causing
considerable anxiety In the royal fam
lly to-day. Nothing, it seems, Is or
ganically wrong, but it is evident that
she is unable to recover from the
whock of the assassination of her
brother, King George of Greece.
Germany Picks Air Racer.
DRESDEN, April 30.—Han* Ber
liner, a pilot of the balloon Nieder-
Sehlesien, which landed at Arendal,
Norway, has been adjudged winner
of the elimination race, started on
Sunday for the choice of representa
tives to represent Germany in th« in
ternational race for the James Gordon
Bennett cup, to be held in France
next fall.
Noted French Lawyer Coming.
PARIS, April 30.—C. F. Labor!, the
French lawyer who was chief counsel
for Captain Alfred Dreyfus and now
heads the Paris bar, signified his In
tention to-day of accepting the invi
tation of the American Bar Associa
tion to attend its meeting at. Montreal
September 3. Labor! will deliver a
speech in French at n banquet at
which Senator Root, of Now York,
will preside.
OBITUARY NOTES.
Hugh T. Edmondson, aged tv.entv-
five. died at his home, 339 East
Georgia Avenue, last night’ at 10
o’clock. He la survived by his
mother, Mrs. Anna Edmondson, two
sisters, Misses Mary and Mattie
Edmondson, and three brothers. C.
J., J. M. and G. S. Edmondson. Fu
neral arrangements will be an
nounced later.
Agnes Ozburn, daughter of Mr. and
Mrs. Earl Ozburn, died at the
family home, 45 Vista Avenue, yes
terday. The funeral will be from
the residence this afternoon.
Mrs. Isaac Goldstein died at a private
sanitarium last night at. 9 o’clock.
The funeral will he held from
Greenberg & Bond’? Chapel this
afternoon at 1 o’clock. Interment
will be in Greenwood.
The funeral of Mrs. A. M. Walker,
aged sixtv-six, who died at hr
home. 99 Ormond Street, last night,
will be held this afternoon at 4
o’clock. Interment will be in Oak
land Cemetery. She is survived ,iy
her husband, one daughter and five
sons.
George H. Flowers, forty-two years
old, died at a private hospital hero
last night at 7 o’clock, lie was a
prominent lumber man of Green
ville. Ala. The body was taken to
Greenberg & Bond’s Chapel, pend
ing the arrival of relatives from
A labama.
BEAVERS TO HEAR RUSSELL.
Judge R. B. Russell, of the State
Court of Appeals, will address the
Beavers of Atlanta at 57 1-2 East
Hunter Street to-morrow evening at S
o’clock. Colonel Paul Lindsay and
Hon. Glen Dorough, representatives
from Franklin County, also will make
addresses.
Back From East, Rt. Rev. Fal
lows Declares Oriental Nation
Is Too Near ‘‘Broke.”
CHICAGO, April 30. War between
the United States and Japan at pres
ent is beyond the bounds of possibil
ity, according to Bishop Fallows, who
recently visited the Philippines, Japan
and China and posted himself thor
oughly on the political situation. His
chief message to the American peo
ple as a result of his study in the
Philippines is: “Don’t give them up.
Tf you do, Japan will pounce upon
them without a moment's hesitation.’’
“There will be no war,” he con
tinued.
“It is out of the question. Japan’s
desire for the Philippines Is a strong
Incentive, and the action of Califor
nia—which is opposed by a respect
able number of Californians them
selves—is another, but Japan is not
prepared for war and neither is the
United States.
“If Japan should go to war with
us now they would lick us —at first.
But Japan will not go to war. Why,
when I was there they were rioting
in the streets because of the fearful
taxes imposed upon them. Japan lias
no money.”
Social Duties Make
Mrs. W. J. Bryan Ill
Secretary of State's Wife Recuper
ates in Sanitarium From
Nervous Attack.
WASHINGTON, April SO.—Mrs.
William Jennings Bryan, wife of the
Secretary of State, Is a patient at a
Washington sanitarium, recuperating
from a slight attack of nervousness
brought about by social activities,
Mrs. Bryan’s condition is not re
garded as serious. She entered the
sanitarium last Friday.
She is expected to leave the insti
tution within a few days.
Man Arrested as He
Tries to See Wilson
Tinner 3ay» He Wee Married by
Taft, and Wished President to
Investigate Ceremony.
WASHINGTON, April S0-—Albert
L. Wood, a tinner, of thle city, w*«
arrested at the White House to-dey
while trying to force hie way Into the
executive offices.
Wood carried a letter to President
Wilson, In which he claimed he had
been married to a young girl In this
oity by President Taft. He wtehed
President Wilson to investigate the
marriage.
CALIFORNIA LEGISLATURE
RETAINS DEATH PENALTY
SACRAMENTO, April 30.—With
Secretary of State Bryan an inter
ested spectator, the California Legis
lature yesterday voted down a bill to
abolish capital punishment.
Riggs Disease
If your teeth are loose and sensitive,
and the gums receding and bleeding,
you have Riggs Disease, and are in
danger of losing all your teeth
j U e Gall’s Anti-Riggs, and it will
/ give quick relief and a complete euro.
| It is a pleasant and economical
j treatment, used and recommended by
- leading ministers. lawyers and the-
j atrlcal people who appreciate the
i need of perfect teeth. Get a .50c bot
tle of Gall’s Anti-Riggs from Jacobs’
Pharmacy, with their guarantee to
refund the money if it fails to do all
f that is claimed for It. It is invalu-
> able in relieving sore mouth due to
plate pressure. Circular free.
{ GALL’S ANTI-RIGGS GO.. 23 WIL-
! hams Street, Elmira, N. Y.
Famous Shoes'for Mon.
Here is a shoe that happily combines summer
comfort, neatness of design and general service
ability.
A BOSTONIAN oxford with both sole and heel
of new live rubber.
A superior type of outing shoe to which the
rubber heel adds sufficient dignity for general
business wear.
ORDER BY PARCEL POST
Atlanta
Nashville
GOOD ShOESyo* EVERYBODY
FRED S. STEWART CO.
3)wtect Ifeutee#! i
T FOUNTAINS* HOTELS* OR CLfCWHCRI j SZZ
Get tbc i
Original and Genuine =E
HSRUCK’S I
MALTED MILK
"CMeUa*! Jnuiuttcni'
TheFood DrinkforAUAges
<!CH MILK, MALI CRAM KTRACT. IN POWDER
Not m any Milk Trust
Insist on “HORLICK’S**
Take e packago boat
Our Second Anniversary Sale
Of Furniture, Rugs and Draperies
Begins To-morrow Jlay 1st
This guaranteed Seth
Thomas Clock free with all
purchases of $10.00 or over.
Your opportunity to save
on Seasonable House Fur
nishings is here,
Goldsmith=Acton=Witherspoon Co.
Life Time Furniture, Rugs and Draperies.
G2 Peachtree—61 N. Broad.
SACRIFICE
WOMEN’
S SI
UTS
SSfut ' €1 ff AA For
gtSK ' «V±«MFV Choice
Ladies, if you have been waiting for prices to drop so you could
save on your Spring ISfuit, here is your opportunity. Scores of the
very Suits you have admired at $19.75, $25.00 and up to $27.50
have been put into this Sate. Bulgarian Blouse Suits in the roses,
blues and tans. Splendidly tailored Shepherd checks, Serges in
all colors; fancies in great variety—in fact, over 200 Suits in all
sizes will be sacrificed here to-morrow. Regularly priced to
$27.50; while they last, $15.00.
Sale 8:30 to 12 o
Dresses for Wo
’Clock To-morrow
men and Misses
Values to $19.75
Smartest models and correct colors in new \
Linens, Eponge, Ratine; extraordinary values j ^
in finest Spring Woolen one-piece dresses; f \
elegant Silk dresses for street or evening «
wear. You’ve never seen such extreme bar- l ”
gains in any Sale. Sizes 14 to 44, values to ]
$19.75. 8:30 to 12 o’clock, choice, $7.49. 1
17.49
™ 3d Floor
J.MJIffiK Cqmmsi.
J.MJIms Cqmmny.