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THE ATLANTA ur>umnju\ a \u amvvb, bah kuav, mat zr.nn.v
PUBLIC, FLEECED
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By QUILL.
It Behooves Wall Street and Its
Affiliations to Reform Some
of Its Ways,
By B. C. FORBES.
Certain happenings have come to
my sar* which demand this warning!
Broker*-— members of the Stock
Exchange, at well as non-members
—had bettor refrain from taking
advantage of Innocent customers
who oome to buy, or sell, aeourltles
not dealt in on the Exchange.
If a person enters a store and
bond or a stock, the broker is not
entitled to say the price is $40 If
the regular price is $30.
If an Investor wants to buy a
bond or a stock, the broker is not
entitled to say the price is $98 if
the current price is $96.
“Fleecing”—in stronger language,
swindling—has been indulged In
over-frequently for tome time.
If it le not checked, tho penalty
will have to be paid.
j.The public cannot be fooled all
the time.
Legislation calling for the di
vorcement of the brokerage busi
ness from that of banking, the li
censing of every broker, frequent :
examinations of books and the like |
is invited by the present ongoings
of not a few dealers in securities.
* • *
Opportunities for filching dishon
est "commissions” or “edges” from
the public have been very frequent
for months owing to the compara
tively large volume of business done
off the floor of the Stock Exchange.
Standard Oil subsidiaries, Tobacco
shares and the bonds and stocks of
companies not recognized by the Ex
change have brought hundreds of
thousands of dollars to broker* whose
operations were not those of brokers
—as they ought to have been—but of
speculators who did not hesitate to
deal unfairly with clients.
• * •
When a oustomer engages a broker
whom he believes to be a man of
honor to buy a stock or a bond he
expects the broker to pick it up at
the lowest possible price and to
charge the recognized commission for
the service. If the broker is offered
the desired security at $100 is he
playing fair if he tells his trusting
client that the security cost $102 or
$105.
• * •
When I say that flim-flamming of j
this kind has been and is being prac- j
ticed those familiar with the inner
workings of Wall Street—not Stock ;
Exchange—operations will not offer a
denial.
* * *
In the advanced countries of
Europe a broker must be a broker
and nothing else. He must buy and
sell securities on a commission basis.
So far American brokers and “bank
ers'’ have enjoyed the widest latitude
in dealing with the public. Laws are
now being brought forward to regu
late Stock Exchange dealings, but
brokers not affiliated with the Ex
change can do as they please. This
wide privilege is being abused in a
manner that means retribution. Let
wrongdoer* hug no delusion on that
score. The mills of the gods may
grind slowly, but they grind.
* * *
The whole Wall Street community
and its affiliations are entering a
period of probation. It behooves them
to act honestly and circumspectly.
Th* sins of some will bring punish
ment on the heads of all.
m m m
-Are brokers aware I wonder, how
little they are trusted by the public
at large? Do they realize in what
slight esteem they are held? I con
fess that first-hand experiences on
nthis' subject have caused me to feel
'*ad-—at first sad, but later Indignant,
for certain revelations have forced
me to ask whether the reputation at
taching to brokers as a class has not
been earned by the gross misdeeds
of some.
* * *
\ The Hearst papers are now deluged
with letters from security holders as
well as from prospective purchasers.
There is evidenced a deep distrust
of brokers. .“Please advise me what
to do,” runs the tenor of many com
munications, “for I know you have
no axes to grind and that your advice
will be honest.”
* * *
To-day’s appeal to all classes of i
brokers to give the public a fair deal
is not, be assured, uncalled for, nor |
does it apply exclusively to conditions ;
in Wall Street.
WHO TOIO T&o
TO 5AY THAT?
OKLV *600
D*IVE y\t OVER
To MICK'S
NICK UNb
I MS A DOLUfe
To W THAT
TAXI
SUKE THIKC
HA\6 WPft
WITH ME
First of Seaboard's
Steel Diners Here!
The first of six new steel dining |
cars purchased by the Seaboard Air I
Line Railway arrived in Atlanta this |
afternoon and was met at the Union J
Depot by Assistant General Passen
ger Agent Fred Geissler and Robert
F. Maddox, one of the directors of j
the road.
The new cars, which are 73 feet j
long and seat 36 people, are equipped j
with the latest device-. Suction fans
prevent all odors from the kitchen;
entering the car.
The cars will be run from New j
/York and Washington to Birming-
• ham and Florida. They cost $30,000;
each and others will be put in serv- .
ice as soon as the Pullman Company
can finish them.
[its * 8zoK \
/NOW - Too kept j) welt SHOOT
m* wait me r £>°wm To
JjAM 5 JU
Iqet -Sour
in brokev try
joe <tuNYA IN
THE NWjLOCK
ITS
NOW :
JIM, HOW RE
Su FIXED
[ FOR A FNER?j'
5"
here's zo Cents
-
DRWE ME AROUND. WF
,TIU. T4iep®WNK
QPFNS IN THE
DUE BITE FIGHTi
-CONFEDERATE VET- \
ERANS — CHATTA
NOOGA.
Savannah Chamber of Commerce
Starts Probe to Prove Insur
ance Discrimination In Ga.
BY JAMES B. NEVIN.
The City of Savannah, through lt».
Chamber of Commwce. hap started
Bn invegtifl^tiem into the question of
file insurance rates that may termi
nate In the State Insurance Depart
ment, if not in the Legislature it
self.
The primary purpose of the Inves
tigation will he to determine whether
the City of Savannah is being dis
criminated against in the matter of
rates now prescribed by tho Houtheas-
tern Tariff Association, which has Its
headquarters in Atlanta. In shap
ing its conclusions, the Savannah
trade body will employ statistics
gathered from all over the nation.
If rates In Savannah are found to
be excessive in the Judgment of the
Savannah Chamber of Commerce* In*-
qulry will be made as to excosslve
fates throughout all Georgia: And
if the Chamber finds that Georgia Is
being unfairly treated in this matter,
the case against the tariff body will
be carried before the State Insurance
Department, nnd It may be that Leg
islative relief will be sought.
The Savannah Chamber will em
ploy numerous Insurance experts to
investigate conditions, and expects to
be put to considerable expense In
making its probe thorough and com
plete. The question Is a broad one,
of course, aind tho Chamber of Com
merce expresses Its determination to
be fair and equitable to the tariff
association no lets than to it9elf In
getting at the fact* involved.
The investigation was brought
about by reason of numerous com
plaints of excessive fire insurance
rates charged In Savannah, and once
the Chamber of Commerce made up
its mind to get busy with the ques
tion, it further made up its mind to
make its Inquiry sweeping and effec
tive In such directions as the find
ings suggest.
The inquiry will be started Imme
diately with an Idea of getting It
through In time to go before the
summei* session of the Legislature for
relief, if necessary.
It seem? to be generally. agreed
that John P. Cheney, of Cobb, is to
be the speaker pro tern of the next
House of Representatives.
He is one of the veteran members
of the House as veterans go nowa
days, and Is an experienced parlia
mentarian. Moreover, he is genuine
ly popular with his fellow members,
and is * sure to be acceptable as a
presiding officer.
Besides being a member of the
Legislature, h^ is a member of the
city Council of Marietta, and a trus
tee of the Georgia Agricultural Col
lege. at Dahlonega.
Since Mr. Adams, of Hall,, definite-,
ly announced that he not pnly
would not be in the race for
speaker pro tern, but would sup
port MV. Cheney, thebe have been no
other announcements, and the pre
sumption is that Mr. Cheney is to be
elected without opposition.
According to an editorial In the
Columbus Enquirer-Sun, "Governor
Brown has suggested a monument to
former Governor Smith!”
It should be carefully explained, |
however, that Governor Brown was
referring to former Governor James
M. Smith, and not to former Gover
nor Hoke.
Representatives Garlington, Piequet
and Olive of Richmond and-Represen-
tattves Wright, Foster, and Nunnally,
of Floyd, will introduce in the next
Legislature bills prescribing commis
sion forms of government for Au
gusta and Rome respectively.
Both* measures will provide for a
ratifying vote of. the penple of rhe
municipalities affected, before becom
ing operative. So far, thesty two
Georgia cities arc the only ones re
ported ready to ask the Legislature!
for charter authority to set Up a
commission form of government, al
though it is expected that others will
follow’ suit.
The North Georgia Citizen, of Dal
ton. says that Congressman Gordon
Lee, of the Seventh District, some
day wiJJ be Governor of Georgia, and
adds: “Gordon Lee is the kind of
man that makes good by accomplish
ment. There is nothing of the spec
tacular in him. He Is not wordy
and tiresome as are so many others
who hold responsible offices. His
record speaks, and Lee has sense
enough to know r It will do all the
talking that is necessary.”
One hears this talk of Lee for Gov
ernor around and about the hotel lob
bies and the capitol corridors fre
quently. Whether Mr. -Lee has a
gubernatorial ambition and has. ex
pressed It himself. It Is a* fact that
he has many friends who view the
suggestion with genuine approval.
A member of the Legislature W’ho
will seek to have a dog muzzling law-
passed by the incoming General As
sembly has gathered some striking
figures for the Legislature’s consider
ation with respect to the hydrophobia
situation in Georgia.
Between the first of January and
the first of May, this year, 392 cases
of hydrophobia have been treated in
Georgia. In 1912 there were 673:
cases treated.
So far this year there have been
13 cases in Savannah, 84 In Atlanta.
3 in Amerlcus, 4 in Columbus and 2
in Douglas.
These figures, so the Georgia Med-
j leal Society hopes, will go far to-
I ward convincing the Legislature of]
(the great necessity of a dog muz-
' zling law.
With the convening of the Legisla
ture. only about one month away, in
terest in its forthcoming work la
growing every day.
The hotel lobbies are well filled dal
ly with members of the new House
and Senate, and already the'Legfsla-
ture, while almost entirely made up
of new material, has managed to get
pretty well acquainted with itself.
The N„ C. & St. L. Uy. and W.
A. R. R. will sell round-trip tickets
at REDUCED RATES. ATLANTA
TO CHATTANOOGA AND RE
TURN, $3.00, tickets on «ilc May
24 to 28, Inclusive, and for trains
scheduled to arrive Chattanooga
before noon of May 29, with re
turn limit June 6. with an exten
sion bv deposit at Chattanooga, to
June 26, 1913. Regular trains leave
Union Passenger Station at 8 a.
m., 8:85 ft. m.. 4:50 p. m. and 8:50
p. m. All these trains carry Pull
man parlor cars and first-clear
coaches. The 8:50 p. m. train car
ries local sleeper to Chattanooga.
SPECIAL TUAJN will leave At
lanta, carrying the Atlanta, party,
at 2:15 p. in.. May 26. The West
ern and Atlantic Railroad is the
Battlefield Route. Sherman’s line
of march, every foot of It being
historic. For further Information
call upon any agent or
C. E. HARMAN,
General Passenger Agent.
Resinol
clears bad
complexions
Don’t endure pimples,
blackheads, .or a red,
rough, blotchy complex
ion when Resinol Oint
ment and Resinol Soap
seldom fail to make skins
clean, clear and velvety.
They do their work quickly,
easily and at little cost, even
when other treatments fail.
For 18 years Resinol ha* been a doctor's
prescription and household remedy for
skin troubles, wounds, bums, sores, piles,
etc, Resinol Ointment, (50c and $1) and
Resinot Soap (25c) sold by all druggists.
For sample of each, with booklets, write
to Dept. 26-S. Resinol, Baltimore. Md.
Clean Your Sink
With CN
CN dissolves grease and
moves it instantly.
CN is a perfect cleanser.
It cuts dirt and makes
everything in which it
comes in contact fresh and
germ free.
The wise housewife uses
CN for every
cleaning purpose,
because CN is a
powerful disinfect
ant as , well as an
efficient cleanser. Wl 8S§»*
CN saves time,-
bother and money.
All Grocers, Drug
gists and Department
Stores.
10c, 25c, 50c, $1 j 1 ?
The yellow package
with the gable-top
W«»l Disinfecting Co.
Atlanta, ua.
9SSPSS
NO WASTE«>°: r r"
fine ash, with no clinkers or
rocks left In the grate, you are
burning good coal. Use our
standard ooal and you will be
pleased at results. It’s use saves
money, time and worry—2 and S
make 4. We have a yard near
you and guarantee prompt de
livery.
Randall Bros.
PETERS BUILDING. MAIN
OFFICE. YARDS:
Marietta .street and North Avenue,
both phones 376. South Boulevard
and Georgia railroad. Bell phone
538, Atlanta 303; McDaniel street
and Southern railroad, Bell Main
354, Atlanta 321; 64 Krogg street
Bell Ivy 4165. Atlanta, 706; 152
South Pryor street, both phones
936.
SUNDAY AMERICAN
Great Exclusive Features
That Cannot Be Found in Any
Other Sunday Newspaper
Tom Powers,
THE FAMOUS CARTOONIST, has some very funny
pictures that will keep you laughing all week
*■ •
A Jeff and Muff
Cartoon that is full of humor
John Temple Graves
Writes on this striking question', “Shall a Wife Obey?
Y—- • ^
The Newly Found Oldest Gospels, and What They Really Mean.
Should Women’s Wages Be Fixed by Law. •
A Short Story by Rudyard Kipling. .-. .-.
Woman Suffrage in Dixie.
Book Reviews, by Edwin Markham and Roswel
' A-V
• • • ,
• * » «
• •
• • • •
• •
• • e •
I Field.
^
J
Proposes to
SUSANNE
Again
A Remarkable Comic Section
Happy Hooligan
Howson Lott %K£ e
Mr. Batch Has a Narrow Escape
Jimmy — He Is At It Again
r
Just Why a Pitcher Can Curve a Baseball.
Why Every Woman Married for Six Years Ought to Go to
Work.
Coronium—A New Gas, Whose Power is So Great That a
Balloon Filled With It the Size of a Baseball Would
Raise an Elephant from the Ground.
A Game of Polo That Cost $12,000 a Minute.
Daring Train Robbers—Remarkable Stories Told by Sophie
Lyons.
Why Blondes Must Be Abolished, by Edna Goodrich, the
Beautiful Actress.
May Irwin’s Recipes.
Ruth St. Denis Tells How Dancing Develops a Beautiful
Figure.
Tango Tea Gowns, by Lucille, the World-Famous Dress
maker.
All These and Dozens of Other Great
Features In The Sunday American
— . rpur I 1
A Newspaper
1 1 Ilti 1 1
Qiiniisv American
Order Your
For the Home
dKlMUOJ nilIC/A IV/Clftl
Copy Now
1 With Something in It
Is “The Market Place of
Both Phones
For Everybody
j the South” for Advertisers
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