Atlanta Georgian. (Atlanta, Ga.) 1912-1939, May 02, 1913, Image 6

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i-TlE. AilJA.IJ A VTUUXIAXLflLn ArlL» J\±J1 * «, 11UJLUAX, J.1A X C, 13X0. icing at 8 o’Clock We Offer Five Hundred Children’s Presses, Worth $1 to $1.50, EACH This is the strongest bargain offering we’ve ever announced, and our popular Second Floor will be packed Saturday morning. So come early. These Dresses are for ages 6 through 17 years, are made exactly as you would wish, so come now and buy two, four, or even a dozen, while you can save so much money. All are made of the best ginghams, chambrays, reps, and there are dainty percales and lawn dresses for Juniors that have never been carried in Atlanta before. Choice of five hundred $1.00 to $1.50 Dresses, while they last, 75c each. U F reshPar isFlo'wers as Trimming for Gowns And Hats Newest Fad RSUfSDLVElT Involuntary Bankruptcy Proceed ings Begun Against East Ala bama Street Bank. Action in the United .Stales Fourth l brought to a head to-day the trouble that haii been brewing In the affairs , of the Guarantee Trust and Banking j 1 'ompanv foij some weefch. Dissatisfied stockholders and hold %rs of the Investment bonds which * the corporation sells have died a long * Ust of cnees against the concern ask ing for a receiver. J. H. Kirby. T. F ’ Rogers and J. H. Ruse ell. bondholders yesterday appeared in the Federal Got^rts. taking action in bankruptcy ■ proceedings and charging Insolvency. | I Attorneys say suite iri the Superior Courts will be amended so as also t< charge insolvency. The action in the Superior Courts . was filed some time ago and for -i week or ten days depositions of ofll j cers and directors of the company J have been taken. It is as a result <»f the information gleaned from these I depositions that the charges of insol vency have been made. Calls Charges Unfounded. The Guarantee Trust and Hanking Company, through Henry O. Peeples, its attorney, declares that the charge* are unfounded, that the corporation is solvent, and that it has a perfect right to pay preferred creditors, if it so wishes. One of the charges in the Federal Courts- is that it lias paid preferred creditors while insolvent. Seven years ago, when the compa ny was organized, it began conducting a banking bui • rth coramei » and savings, besides its trust busi ness Eighteen months ago the company disposed of its banking business to the City .Savings Bank. Since that time it ha* conducted an investment business. Its principal activity has been the selling of bonds on the installment plan. The company agrees to pay lib eral interest on these bonds and to invest the money thus received, re paying the principal on maturity. The complaining bondholders charge , Mat instead of investing the money > arefully and wisely the Guarantee hA* been dissipating the funds in peculation and unwise investments, together with too heavy expenses. Bondholders Pay $300,000. •''bout $800,000 ha.s been paid in by bondholders, against which a reserve of about $300,000 is held. , i'h*' case in the Federal courts has u peculiar legal angle. Under Federal statute, any concern can be thrown into bankruptcy upon a proper show ing of insolvency, except insurance companies, railroads or batiks. The Guarantee has a banking charter, but has not boon doing u bank try; busi ness for eighteen months. Thus it is questioned whether the Federal ‘ourts have Jurisdiction. If they do. all action in the 'State courts is su perseded. A recent statement of the Guaran tee Trust and Banking Company, of which Samuel E. Smith is president, shows total assets of $864,014.10; cap ital stock of $328,183.34; legal reserve. $383,9S3.38; bonds valued at $316,705, and real estate valued at $297,860 Allegations are made that the stock and bond holdings, and the real estate holdings, are carried at an in flated value, representing the com pany’s estimate of their worth, not the purchase price or what the prop erties could bring at sale. Matthew Delaney, of Augusta, owner of a $5,000 bond, and J. .1. Rus sell, J. S. Rivers and E. E. Skipper, stockholders, are the leaders in the State court litigation. Ten or fifteen inverventions have been filed by bondholders, and 30 or 40 more wlil be filed by Monday, attorneys say. Among the allegations made against the Guarantee Trust and ft! *4 Minks ths- Vr&h (3ba£Ti W-fST Re.il flowers as trimming for gowns and hats will ho used by the smart woman tills summer, according to dis patches from Baris'. They will take first place in the budget of .fashion. As a trimming for gowns they will he made up in long strings and scoured by jeweled clasps. They wiil be worn along the borders of coats, the hems of sleeves, around the waist, and even on the hems of folds in draped skirts. Small.May roses will be popular for the trim ming, but daisies and other field flow ers. because of their lasting qualities, will be extensively used. Hats, large and small, will contain fresh flowers, a craze started largely to stamp out the luxury of aigrettes. One of the novelties this summer will be the wearing of a single Ameri can Beauty rose with a long stem in place of the usual bouquet. The rose is curried in the hand and not fast ened to the dress, the arbiters of fash ion pointing out that the length and grace of the American rose enhance the beauty of line and the slimness of the wearer. Banking Company by complainants in State and Federal courts are: 1 That it lias paid preferred creditors, while insolvent. L\ That “unconscionable salaries’’ have been paid to officers. I’hat -i "Mcd of its banking business in violation of its charter and of the rights of stockholders. 4. That it ceased making sworn statements tu the State Treasurer, depriving the stockholders of pro tection. 5. That Information has been re fused stockholders. 6. That officers refused to permit an audit of tho books. 7. That investments have been made in Unban bonds and In lands near Tampa. Fla., which petitioners believe are of little value. 8. That dividends were paid in 1912 when the company was not earn ing a profit. 9. That the stock, sold at par. has declined to 46. 10. That stocks and bonds held by the company ha investments, includ ing cemetery lots, are carried at in flated values, and that if listed at true values, the company would be shown to be in Advent Attorneys representing the peti tioners «re Smith & Hastings. Charles T. and Unton Hopkins, Hughes & Foster, and Dorsey, Brew ster, Howell ! leyman. Hardest atrd Most Decisive Anti- Alien Fight Due in California Senate To-day. special Cabl* to The Atlanta Georgia^. TOKIO, May 2.—That Japan may grow unrest' ainoble the State of California fails (© rood if v its anti-alien law attitude, was pArt of a resolution adopted at a mass meeting here to-day. A number of fiery speeches were made by radicals. HAi’RAMBNTO, UAL. Ma.vw2 The hardest and bitterest fight rhat yet itas been waged around the anti-alien legislation In the California Legis lature was due to take place In the Senate beginning at II o’clock to day, when the Thompson bill was to be made a special order of business. Protest against the Webb draft of tire anti-alien land bill was voiced in a telegram from President Wilson to Governor Johnson to-day. The tel egram said: I take the liberty of calling your attention to the Webb bill, which would involve an appeal to the courts on a question of treaty rights and bring on what might be long and delicate litiga tion WOODROW WILSON. Bryan Decides to Stay. Secretary of State Bryan announc ed that in light of the present compli cations in the situation he would not start for Washington to-night, as had been planned. It was understood that the Curtin Joint resolution will be reported at that time, calling upon the {legisla ture to delay Indefinitely action on the pending bill and leave the entire sub ject. of anti-alien legislation to the Government for- settlement through a new treaty wun Japan. Bill Certain to Pass. A poll of the Senate to-day showed that the Thompson bill will pan* when it comes to a final vote. The Democrats were endeavoring to delay action. They were ready to offer nu merous amendments, bn the final vote, however, they were expected to line up solidly for the measure. The | Democratic platform pledges them I to an anti-alien bill. Assemblyman Bloodgood, of Los j Angeles, introduced a duplicate of tho ! 'Thompson bill in the lower house last night Atlantan Urged as Brigadier General Prominent Citizens Present Claims of Col. William W. Forsyth for Promotion. Prominent Atlantans are interested I In the <-ause of Uol. William W For- | j ayth, a native of Atlanta, whose ap- j plication for appointment as Briga dier General In the United States | Army has been filed with the War | Department. In the appeal sent to-day by his supporters to .Senator Smith, Sena tor Bacon and Congressman William Schley Howard, Is the statement that Georgia has had no general officer in the national army since 1863' Colonel Forsyth Is the son of Wil liam Forsyth, a prominent Georgian of ante-bellum days, for whom For syth Street is named. lie saw ac tive service with General (’look against the Apaches in 1883, In the (Jeronimo and other Indian wars. He served as acting adjutant gen eral during the Spanish-American War. as commander of the Third Squadron, 6th U. S. Cavalry, during the China relief expedition and as ommander in the Philippines. He, was recommended by General Chaffee for brevet of major for gal lant conduct in a battle near Tien tsin. August 19. 1900. He has been promoted four times. Not Enough Heroes For the Pedestals Seven Nations Have Failed to Con tribute Patriotic Statuary for Washington Building. Women and Children Among the Victims of Wreck When Cars Plunge Into Canyon. WASHINGTON, May 2, Only thirteen of the twenty-one republics on the Western Hemisphere which form the Pan-American Union, have raised statues of their national he roes in the magnificent marble build ing here devoted to advancing tho interests of pan-Americanism. In the main hall of the building stand twenty-one marble pedestals. On ten of them are busts of chosen national heroes, while three other Latin American countries have se lected the subject to be thus hon ored, George Washington is this coun try’s contribution to the hall of American republics fame. Bolivar, who aohieved the independence of Columbia, Peru and Bolivar, as well as of Venezuela, is the representative of the last named country. MEXICO CITY, May 2. One hun dred and sixty men. women and chil dren. passengers on a train on the Inter-Oceanic Railroad, were killed near Ozumba. State of Mexico, when a brklg. was dynamited by Zapatista rebels while the train was passing over It. Word of the disaster, which occur red late yesterday, was received here to-day in a War Department dispatch. Only ten persons on the train es caped with their Uvea. They were so badly injured, however, that they probably will die. Ozumba. the .scene of the accident, is 50 miles from this city. Troops have been sent after the perpetrators of the outrage. Orders were given to execute them without trial, if caught. The passenger train was passing over a long bridge spanning a deep ravine when dynamite planted at each end was exploded. The bridge collapsed and the train was dropped hundreds of feet into the canyon. Fifteen Zapata rebels who were hid den in the hilLs near by immediately ran to the scene and robbed the dead. WHICH IS THE BETTER, MR. PRACTICAL MAN OR COLLEGE GRAD? ‘ Which is the better, the col lege man or the practical man?’.’ For the first time an authority has diagnosed the two cases. Howard Kiting, president of the Chicago Association of Commerce, after obtaining the opinions of representative men. has compiled a table on the college man In comparison to his brother practi cal. man Hu bad points arsi b Impatience to succeed. 2. Lack of persistence. 3. Tendency to snobbishness. 4. Lack of industry. 5. Lack of thrift. 6. - Lack of technical training. 7. Lacks appreciation of time 8. Easily discouraged. His good points are; 1. Has more concentration. 2. Knows where and how to get in formation. 3. Reasons one step to another. 4. is more adaptable. 5. Is more conscientious. 6 Has keener appreciation of duties of life. 7. Able to solve difficult prob lems. 8. Has higher ethical and moral standards. 9. Has larger view of life. NERVOUS PEOPLE Who droaci having teeth extra* ted filled or | At- crowned should call at inv office and I will " ,M demonstrate to your entire satisfaction that PalftlfiSS Ddfltlst 1 can do it painlessly. $5 a Sat They never ellp or drop. I guar antee then* for 20 yearn. To mat Don't Worry Killing* In silver, Platl- niim and Amalgam, ROc. *2-k Gold Crowns. v * m Porcelain Crowns l v /l and Bridge Work I W Dolly » *o x Suuriay 10 to 3 l.ady Attendant ■ n d l.adlee’ Kent Room. Phone Wain 129*4. Gold Duet A nleanlte seta do not make the mouth sore nor have rubber taste. 73 1.1 Whitehall tt. DR, WHITLAW. Painless Dentistry Largest and most thoroughly equipped office In the South. Entrance 73V* Whitehall Street; fourth door from J. M. High Co. (Orer the Atlantic and Pacific Tea Store.) Opposite the Vaudette Theater. Reference: My work and Central Bank and Truet Cor poration. ANY PURCHASE UP TO $20.00 SATURDAY CAR CONDUCTOR FINED UNDER “JIM CROW” LAW PENSACOLA, FT,A., May 2.—The first “Jim Crow” case to be tried in this city in many years and in the State for several years was heard to day in Recorder’s Court, when a con ductor of the Pensacola Electric Com pany was fined for allowing negroes to sit among white people on a street car. There is talk of preferring charges against the Chief of Police for nor. enforcing the law. It is claimed com plaint was made to him and ignored. FIRE DAMAGES HOTEL. AMERICUS - Fire. supposed to have been caused by defective wiring, destroyed the roof and fifth floor of the Windsor Hotel to-day. The hotel I is owned by I.. G. Council. CASTOR IA For Infants and Children. The Kind You Have Always Bought Bears the Signature of JJiHiGS Comm. Come to our store Saturday, select what you want, and if the bill does not amount to over $20.00 you can pay as little as $4.00 down, the balance $1.00 a week. Summer Dresses $10,00, $12.50, Maud $18.00 We can show you a selection of Skirts, Waists, Petticoats, Shoes, Millinery, Etc., at prices positively less than you can find elsewhere. All sold on easy payments of $1.00 a week or $4.00 a month. Men’s Suits Special for Saturday Extra Special Shoe Bargains Saturday Bovs' $2.50 Oxfords $1.69 Patent Colt, Tan Calf, Box Calf; sizes 2 1-2 to 6; Saturday only, pair $1.69 1 attic Boys' $2.00 Oxfords, pair $1.49 Little Boys' Box Calf Oxfords, sizes 5) to 13 1-2. regular value $2.00, Saturdav only, pair $1.49 Boys and Ynuilis leuiiis, colors Mark or white, all sizes — 11 to 2. 75c value, Saturday \ . ..59c 2 1-2 to 6, $1.00 value, Saturday 69c \iisses Patent Calf and (!un Metal Pumps, sizes 11 to 2. widths C, I). !•'.. regular >2.00 value. Saturday, pair $1.69 Women's Kid Boudoir Slippers, w i i h Pom-Pom. colors pifik. blue, tan, Mark and red, all sizes, Saturdav, pair 95c Women’s Satin Boudoirs, in red, blue and black; all sizes: regulai *2.00 value; Saturday, pair . $1.49 4 $1.00 A WEEK You cannot imagine what great values we are giving in these suits at $1 7.50—the materials are absolutely pure wool wors teds and made in this season s latest styles. Colors, blue, grey, tan and mixtures; every one worth $22.50; you can have your pick of about 50 Saturday at $1 7.50. Pay only $4.00 down, the balance $ 1.00 a week. Don’t fail to see them. CREDIT CLOTHING COMPANY 28 W. MITCHELL ST.