Atlanta Georgian. (Atlanta, Ga.) 1912-1939, May 24, 1913, Image 5

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THE ATLANTA ur>umnju\ a \u amvvb, bah kuav, mat zr.nn.v PUBLIC, FLEECED If $$ TickTick $$ 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 MAIN 8000 rr V t