Newspaper Page Text
4 C
HEARSf’S SI'N'DAY AMERICAN, ATLANTA. GA..'St'NOAY, MAY 18, 1913.
Millionaires Only to Play on New Atlanta Link s
Druid Hills Golf Course Will Be Finest in South
CULEBRA SLIDES 'GEORGIANS SUE ON MINE DEAL
GROW RAPIDLY
Senator Bourne Plans Federal
Aid for Highway in Every
State in Union.
BONDS TO RAISE FUND
Georgia Entitled to $24,500,000
in Proportion to Total Land
Area.
WASHINGTON, May IT.—The <*x-
ptndlture of $288,200,000 In the con
struction, improvement and mainte
nance of good roads in the twelve
Southern State* was the recommen
dation made by Jonathan Bourne, Jr.,
in his report which has just been
submitted to the Joint Committee on
Federal Aid in the Construction of
Post Roads of Congress
Senator Bourne's suggestion fol
lowed a year’s thorough Investigation
of the public highways problem
throughout the United States and hie
entire recommendation coveting the
forty-eight States of the Union en
tails an expenditure of $8,000,000,000.
In order to raise this amount of
money Senator Bourne has devised a
plan by w+iich Congress shall create
a fund to be known as the United
States Highway fund. For the pur
pose of providing money for this fund,
hs has suggested the issuance and
sale by the Secretary of the Treas
ury of bonds of the United States In
such form as he may prescribe and
in denominations of $20 or multiples
of that sum at not less than par.
Tn* - f bonds shall be payable semi
annually ai the rate of 8 per cent,
pc, unum. ^
From the fund thus accumulated
vator Bourhe recommends tha.
• < States may he entitled to draw,
or- \ i.lcd they shall established what
.11 hi known as a State Highway
‘ un’ission which will have charge
in- . bursement of the funds.
Distribution of Fund.
The distribution of the national
fund, among the several States, reads
Mr. Bourne’s report, shall be deter
mined as follows:
The United States Highway Com
mission shall ascertain the total land
area, assessed valuation of all taxa
ble property and the total mileage
of public highways in each State and
this average shall be the per cent,
of the general fund that shall be
apportioned and credited to that
State
The amount of money secured by
••ach State shall be made returnable
within the next fifty years.
Senator Bourne has Incorporated
Into his report a table covering the
area, population, assessed valuation
and total mileage of roads in the
several States and has computed the
apportionment to each. The allot
ment of the Southern States follows;
Georgia $24,500,000
Alabama 17,200,000
Florida 9,500,000
North Carolina 17,400,000
Tennessee 17,000,000
North Carolina 17,400,000
“Enajctment of the legislation here
in suggested.” declares Mr. Bourne’s
report, "would benefit the States by
the utilisation of the credit of the
Federal Government superior to that
enjoyed by the States, without addi
tional cost to them.
"At the same time co-operation
would be assured, and Federal dis
trict engineers would supervise the
road construction and see that it was
conducted intelligently. Thus an
equal opportunity would be created
and better roads throughout the Un
ited States would be the result, mak
ing inter-state travel easily accom
plished."
In summing up the salient features
of his recommendations Senator
Rourne declares:
"In conclusion, I realize that the
suggested bill can undoubtedly be
Improved, but after many weeks'
thought and study on the subject It
appeals to my mind as presenting u
plan of which at least some portions
can be utilized to advantage
The establishment of practical and
desirable co-operation between the
Federal Government and the States.
Team w drk between the Federal
specialists on good roads and the
State specialists, without subservi
ent e in the State instrumentality to
any Federal bureau or department.
The establishment of a practical.
< oncrete plan for a long period w ith
definite knowledge as to the liability
>>f tiie Federal Government, its Habit-
it in the indorsement of me State
end; 1 doing inconsequential in one
'dewpoint, namely, that the State
would ever default either on princi
pal or interest of its bonds.
Bond Limitation.
A bond limitation of 10 per cent, of
assessed property valuation, with
realization that default In payment
of interest or principal to the Fed
eral Government must result in dis
continuance of future Federal assist
ance and cessation of immigration or
further outside Investment in the
State, would eliminate possibility of
George W. Adair, Planning Rec-
%
reation Ground Exclusively for
Wealthy Citizens, Goes Abroad
to Study Construction There.
>wn
golfer c
oines
"Where
shall
ley
will rep
ly w
lies 1
lion:
H
ow mmh
a re y
If
he says "a
hunt
>m«
* such me
a sly
-k
him anotl
her t;
"Are you athletic?”
If he aavs he Is, they will send him
to the Athletic Club's course at East
I#ake. If he says he is not. they will
recommend the milder exercise of the
Brooktoaven links.
But. If, in answer to the first ques
tion mentioned the wouid-be player
replies:
"Oh. I am a millionaire.” with one
voice they will nay to him:
"You play at Druid Hills
For when the Druid Hilla Golf Club
opena. Atlanta will have a Million
aires Golf Club” the only one in
Dixie, and one of the few in America.
It will be of. for and by million
aires. 11h exclusiveness will niHke
that of New York's Four Hundred
appear like the Third Ward Chowder
and Picnic Club.
Atlanta ia getting to be the most
amazing golf city of itm size in the
United States. It haa four golf
George Adair
snapped
while golfing
and, below,
two views
of the
proposed
‘ ‘ million
aires only”
links in
Druid Hills.
Section Two Miles Long Now
Moving Into Canal Bed—Work
Greatly Hampered.
WASHINGTON. May 17. The »'u-
earacha slide at Culebra has again
begun to move, and reports received
at the War Department slate that
the situation is more dangerous than
. ver. A slide in dry weather is un
usual. In the past week the Cu
lebra slide has shown greatly in
creased activity. The entire rail
way track on the seventy-foot level
was threatened and one track was
covered, leaving only one additional
track open for work. All loaded and
empty earth cars are obliged to go
over this one track, which seriously
retards the progress of the work of
excavation.
The . slide section now is nearly
two miles long. Some idea of the
magnitude of the difficulty with the
slides may be had from the fact that
in the period since 1807, when the
first occurred, 6,133.000 cubic yards
of earth have moved Into the canal
prism. This mass must be moved
nt great expense as a part of the
work of construction. But for the
slides there would now be only 1,-
600,000 cubic yards to take out at
Culebra, instead of 6,600,000.
Terracing to reduce the weight of
the surface and stop the slides has
been begun. The total amount of
excavation at Culebra has been in
creased by slides to 99,516,000 cubic
yards and for the entire canal to
218,138,000. There remains now', out
side of Culebra Cut. 1,400,000 cubic
yards of earth and 1.400,000 cubic
yards of rock to be taken out.
Continued From Page 1.
Stovall, vlge president: J. T. Ander
son, treasurer; A. M. Dobbs, secre
tary, and George .M. McKenzie. J C
Cooper. (’. W. McClure, directors of
the company.
The suits ask that these men be
held personally responsible for their
alleged illegal operations and thut the
affairs of the company be liquidated.
A. E. Wilson, A. E. Hamsaur and
Colquitt & Conyers are the attorneys?
in the cases.
History of tho Company.
The history of the Las Colot adas
Mining Company, as outlined in the
allegations of the complainants, fol
low's :
The defendant*, some time in 1907.
chartered the Las Coloradas Mining
Company under he laws of Arizona,
then a Territory. The capital stock
was $5,000,000, snares with a par
value of $1 each.
Previous to the organization of the
company, the defendants got control
of a small tract of "arid and unim
proved land, perhaps 100 acres, more
or less, in th.* State of Chihuahua,
Mexico,” which the petitioners be
lieve was of no value. The new min
ing company took over this tract of
land at a valuation of $100,000.
Of the $5,000,000 capital stock. $4,-
000,000 was assigned to the promoters
and the other $1,000,000 was desig
nated as treasury stock.
The Marietta Trust and Banking
Company was named trustee, to hold
the certificates of stock in the mining
company for five years, thus forming
a pooling agreement or voting trust.
Instead of stock certificates, inves
tors were given the receipts of the
bank.
Then the promoters began selling
stock.
Mr. Bostwick says they told him the
mine was in a region abounding in
rich deposits of silver-bearing ore;
that numerous mines had been devel
oped and were making rich returns
in the adjacent territory, and that rich
veins of silver had been discovered
in the Las Coloradas mine.
Specimens of Ore Shown.
Mr. Bostw ick says J. C. Cooper told
him that he had subscribed to more
stock than he was able to pay for at
the time, and as ready money was
needed for the development of the
mine, he would let Bostwick buy- some
of the stock at the same figure Cooper
paid for it. 1
He says Cooper showed him a let
ter from a supposed mining expert or
the ground, and also showed him
specimens of high-grade silver ore,
supposedly from the company’s mine.
Bostwick says Cooper and George
McKenzie explained to him that the
pooling agreement had been arranged
to protect the original stockholders,
and that it would prevent any indi
vidual stockholder from gaining an
advantage over others, and would pre
vent individual stockholders from sell
ing out their holdings and thus de
preciating the value of the property.
His petition reads "They repeat
edly stated that they were sure, in
so far as assurance was humanly pos
sible, that their mine was a valuable
one, practically unlimited in richness
and in the quantity of silver-bearing
ore deposit, and that development
would produce enormous returns upon
the investment."
Bostwick relates that he was told
a large number of shares had been
sold for 40 to 50 cents; that none
had been sold for less; that none
would be sold in the open market.
| He says he was told that the original
j stockholders would not part with
their stock were it not for the fact
| that money was needed for the pur-
j chase nf machinery.
However, he says Cooper was will
ing to part with 5,000 shares of his
stock at 25 cents per share, because
llostwicks standing as a business
man in the community was such that
1 he would be a valuable man to have
I associated in the enterprise.
Urged on the grounds of personal
: friendship, Bostwick finally purchased
stock, giving his note for $1,250. He
let the whole matter ride until the
pooling agreement w ? as up. At the
! termination of this period he got
his certificates of stock.
After a while he began to investi
gate, to see what dividends he had
coming to him. The investigation, he
i says, developed that in June, 1912, a
meeting of stockholders of the com
pany was held, but that all the stock
holders were not notified or called to
the meeting.
"Not Able to Meet Taxes."
W. M. McKenzie, at the meeting, he
alleges, made a statement that the
mining company had not been able
to meet the taxes due on the real
property belonging to It, which taxes
were due to ihe Mexican Government.
Mr. McKenzie stated, according to the
allegation, that under the laws of
Mexico, taxes on realty had to be
paid quarterly, and that, as the min
ing company had no funds, W. M.
McKenzie, Mell R. Wilkinson and
James T. Anderson paid the defaulted
taxes, and therefore, under the law
of Mexico, were entitled to the prop
erty.
Bostwick sets forth in his petition
that these men were at the time, and
still are, directors in the Las Colora
das Mining Company, and thus were
acting hostile to* the interests of the
stockholders.
Bostwick alleges that the stock
holders never w r ere notified that the
taxes were due or in arrears.
Learning of the strange deal,
whereby the directors seized the
stockholders’ property, Bostwick says
he made further investigations which
revealed to him that John T. Pittard,
William Eberhart and C. E. Barron,
who had put .their money into the
company in the same way, to the
amount of £3,900. had attempted to
get information as to the status of
the company, and had turned their
case over to an attorney, A. E. Wil
son.
Books Never Produced, He Says.
Wilson, unable to get the infor
mation Y » wanted, demanded the.
books. These were promised for his
inspection, hut never were produced,
it is alleged.
At last, the petition states, Wilson
made demand for the return of his
clients’ money, which was refused
Then he prepared suit, setting out al
leged insi Ivency and Negligent ana
fraudulent management.
In order to prevent an exposure
it is alleged. William and George Mc
Kenzie paid Pittard, Eberhart and
Barron in full the amount they had
put into the company, together with
interest for five years.
Bostwick further alleges that W.
M. and George McKenzie, J. W. Estes
and James T. Anderson transferred
their holdings to C. W. McClure,
"part of the consideration for said
transfer being that the said trans
feree should hold them free from loss
In any future demand that might be
made upon them for adjustment and
refunding similar to that enforced
by Pittard, Eberhart and Barron.”
He sets forth that this is an evi
dence of guilt.
He charges that the proceeds* of
the stock sales "went into the pock
ets of the defendants for their. oJXn
individual gain, without being ap
plied in any manner to the benefit
of petitioner and his fellow pur
chasers of stock, or .to the, develop
ment of the property Or the com
pany "
Changes False Statement.
He charges that Cbopefi and Mc
Kenzie, "while posing as friends of
the petitioner, and taking advantage
of the confidence that petitioner ;it
the time reposed in their integrity,
adopted the methods of the profes
sional promoter, even down to thu
minute details of specimens from the
vein and letters from the expert on
the spot.’’*
He charges that Cooper was not
bound to pay 25 cents per share for
his stock and that such statements
were false.
•’No arrangement -was made." says
the petition, "and none was con
templated whereby any of said money
was to be sent so far away from homeV
as the Republic of Mexico, said par
ties having much more attractive
uses for money than the purchase of
mining machinery. ’
Hightower’s petition is almost the
same.
In their answer, the defendants set
up the plea that the revolutionary
conditions in Mexico have prevented
development of the property.
Their version of the deal whereby#
Pittard. Eberhart and Barron got
back the money they paid for stock
is that Wilson threatened suit, and at
the very time when they had an
opportunity to sell the entire hold
ings of the corporation at an attrac
tive figure. They feared that liti
gation, even If they won JJ, would
break up the deal, and that under
promise that all such litigatioh would
be dropped, they returned the money
to the three complaining stockholders.
William C
courses finished or in process of con
struction. No city In the South, ex
cept Atlanta, has more than two.
East Lake Best.
For years the course at East Lake
has been the best in the South—and
now they are changing It from end to
end, just by way of improving it a
hit. Then came Brookhaven, an ex
cellent course.
And now- they are building courses
at A ns ley Park and Druid Hills.
Of course the Druid Hills golf
course wouldn’t have * happened ex
cept for George W. Adair, the most
enthusiastic golf course builder in
the United States to-day.
Mr. Adair, as president of the At
lanta Athletic Club, gave East Lake
the best links in the South.
Then he didn’t have a golf course
to build and was utterly disconsolate
until he conceived the idea of giving
Druid Hills a course that would have
a little something on every' golf
course in America
From the start Druid Hills has been
a sporting proposition It took the
combined forces of a lot of million
aires. along with superb nerve and
a. half-million cash to get control of
the property. Then it took another
half-million to put in some roads and
sewers and such.
So when the suggestion of a golf
course was made there was not even
a flutter of protest. Tho fact that
it would cost another hundred thou
sand or so was not material
"Go to It." they told Mr. Adair.
And he went.
Golf Course Knowledge
It might be mentioned that there
are a few things that George Adair
knows about golf courses. Five years
ago, with a view of rounding out a
remarkable career as an amateur
sportsman, he took up golf His
progress was rapid amazing, in fact,
for a man who took up the game
after the dead line" was passed—
for the golfing "dead line" is thirty,
and they say that no man save one
ever learned the game after he passed
that mark. Yet in five years George
Adair has become one of the leading
golfers of all the South.
Once interested in golfing, Mr.
Adair took up the study of golf
courses. He read all the books on the
subject, he subscribed to all the
magazines. Some question arose* as
to the East Ijake course. And it
could not be settleiL without expert
testimony. So Mr. Adair promoted a
professional golf tournament, got
some of the greatest of American
players here and incidentally settled
the questions at issue.
Then he began a study of American
courses. He has played on all the
best of them, has talked with the
men who designed them, and he has
given the matter more thought in a
minute than the average golfer would
in fifty years.
Something of the intensity of
George Adairs enthusiasm over the
matter of golf course construction
can be judged by the fact that ho is
going to England and Scotland this
summer with just one object in view
to study the famous courses there
and to talk with the famous Brit
ish and Scotch experts
Tator Bourne’s rot
ommen-
Before he is
thro
ugh.
Mr Adair
ie «sa\
will know as mm
•h of
golf
course con-
ew jreople realize
the iin-
struction as any
mat
on
the Ameri- j
■•lit on us all by b<
id roads
can continent.
ent handling
’em pare
Milliona
ires'
Cou
r se.
ng train In which a
cauls a great nuui-
Jed cars at fair speed
I. half loaded cart or
the product is taken
of production to the
The difference is
and waste.
his knowledge will be lav-
he construction at Druid
the "millionaires’ golf
And all
J ished on
Hills of
I course.”
It may as well be admitted right
I here, at the risk of ruining the story,
that the membership will not he lim
ited arbitrarily to millionaires. A
j glance a^the list of members shows
several probably a good half-dozen
whose wealth is not over $500,000
But they are all millionaires, potenti
ally at least, and are on their way.
Of course, be it noted, all million
aires are not eligible. They have to
be acceptable to the other millionaires
or they can’t join.
In order to guarantee exclusiveness
admittance to the club will be by in
vitation ONLY. The backers of the
organization realised that any old
millionaire could manage to get his
name put up somehow. So they pro
vided that the members be recruited
by invitation only. And the cheap
millionaires have no chance at all.
The new golf course will be in
many ways the most remarkable in
all America. It would be unbeliev
able to any except those who had
actually been there, that such land
existed within fifteen minute's ride
of Five Points as that over which
the Druid Hills course extends.
Streams, hills, gullies, precipice?, rich
bottom land and- wild hillsides com
bine to afford natural hazards and
natural fair greens and putting
greens the like of which were never
seen before in Dixie.
H. H. Barker, greatest of profes
sional golf course experts in America
(himself an Englishman), laid out
the course*, and he did the greatest
job of his American career
Individuality Chief Feature.
The chief feature of the cotorse--
among its multitudinous features
is the individuality of its holes. In
many courses there are a half-dozen
holes exactly alike. You can play
them any old time without knowing
which is which, except for the num
ber on the tee box.
The Druid Hills holes are indi
vidual. Each has some peculiar
i characteristic that makes it stand out.
i One of them has a tee on a towering
precipice—-a most amazing tee. An-
other spreads over a saw-toothed
1 strip of ground that would leave an
Alpine goat gasping for breath. An
other has a green, virtually surround
ed by streams. And so it goes the
whole length of the course.
You can play the average golf
course with an equipment consisting
of a putter, a mid-iron and a driver.
But the Druid Hills course will be a
blessing to a club professional, for a
man will need eight or ten clubs of
various sorts to negotiate it. And
; any play er who gets around without
using them all will have had an
{amazingly fortunate day.
No Tragic Difficulties.
Vet it is not a course beset with
j an.v tragic' difficulties. There are no
"impossible" holes. There are sev-
j oral that will acquire their fair share
of strokes. But any man who can
j hit a ball straight need never be in
trouble.
It was the original intention not
{to bother with much of a club house
i -just ;*tYcr the golfers a place to keep
■ their clubs, get a shower bath and
maybe a cup of tea.
More recently it has been decided
to keep to the "millionaire" idea by
putting a clubhouse that will overtop
in magnificence anything in the
South The plans have not been
I worked out yet. but when the con
tracts for the clubhouse are let. the
figures are likely to be large enough
to make the average board of direc
tors gasp for breath.
The course will not be open to play !
for months y et. Of course they may i
polish off nine holes in some sort of 1
shape by the middle of summer. But
it will be way into the fall before j
the course will be really rigid. ?
And. in the meantime, if \Vu want
!«• play on one of the most •emark-
able of American golf rourses^und if
y ou haven’t got a million dolla
better begin getting it.
■
■
■
“Hello!”
“Hello!”
Appetite and
Digestion
Busy?
Then you possess the
real secret of good health.
Guard it carefully and at
the first sign of distress
■
or weakness take
B
HOSTETTER’S
STOMACH
BITTERS
It promotes and maintains
health.
Get a bottle.
It will
help you.
■
Jl
■
Entered College at
Forty, Wins Honors
Mrs. Anna Powless Will Be Gradu
ated from University of Colorado
on Wedding Anniversary.
BOULDER. COL.. May 17.—Mrs.
Anna Holiday Powless. 40 years old.
will be graduated from the University
of Colorado in June on the twenty-
fifth anniversary of her wedding. In
four and one-ha If year.-; she has com
pleted her A. B. work, made up fif
teen hours of high school credits and
added fifteen college hours that will
be credited to her work for an M. A.
degree, which she hopes to attain.
She has not only been a brilliant
student and elected to Phi Beta Kap
pa, but she has also found time to
write short stories and articles of
timely Interest that have been ac
cepted by the leaning weeklies and
monthlies of the country.
The record of Mrs. Powless is won
derful, considering all the things she
has undertaken and accomplished so
well during the four and one-half
years at the university, and consider
ing the further fact that she was
forced to give up her work six weeks
this year because of an operation for
appendicitis.
She is undecided as to her plans
after graduation in June. She says
that everything depends upon ilie
plans that Mr. Pow less may make. I
Her motto has been, "It is never too
late to learn, aind that one is just as I
old w ithout an education as with I
one.”
Capital Beauty to
* Christen Destroyer
Miss Marguerite Le Breton to Name |
the McDougal. One of Three De
stroyers Now Being Built.
BATH MAINE. May 17.—Unusual
interest is taken here in the an
nouncement from Washington that j
Miss Marguerite Le Breton, a Wash
ington society girl, is to christen the
destroyer McDougal. which is to be
built at the Bath shipbuilding yards.
It is the first time the Navy Depart
ment has picked a sponsor so far
ahead of the launching of the ship.
The McDougal will not glide down the
greased ways Tor at least a year and a
half, the Bath company announced
Work on the McDougal will be
started in about six months. The de
stroyer w ill be a sister ship of the I
Cummings and Uassin. The three have!
already been nicknamed the "triplets.”!
The McDougal*will be the last of the!
"triplets" to be launched. The other
two are now nearing completion and l
are expected to be ready lor christen- |
Ing in about a month. Their sponsors l
have not yet been chosen by the navy]
officials.
Miss Le Breton is the granddaug >. j
ter of Commander David McDougal.
for w horn the destroy er is named.
ARTEMAS R. ROBERTS, President
A. R. WILSON, Secretary
AMICABLE
Life Insurance Company
WACO, TEXAS
$1,000,000 Deposited With the State
Treasurer of Texas
Growth During the First Three Years
Commenced Business April 2nd, 1910
DATE Admitted Assets
April 2, 1910 $ 474,657.50
January 1,1911 . 823,258.38
January 1,1912 1,369,388.76
January 1, 1913 1,769,449.71
April 1,1913 1,780,400.33
Insurance in Force—Paid For
None
$ 1,830,206.00
5,544,706.00
12,674,411.00
14,232,638.00
No Life Company Same Age Ever Before Equaled Above Record
Insurance Written (Paid) During 1912, $9,015,955
We want several high-class producers in the city of
Atlanta and throughout North and East Georgia, to whom we
will give liberal contract. Call or write for information at once.
MARCELLUS M. ANDERSON & A. J. SHROPSHIRE, JR.
Agency Directors
501 EMPIRE LIFE BUILDING, ATLANTA, GA.
White City Park Now Open