Atlanta Georgian. (Atlanta, Ga.) 1912-1939, July 23, 1913, Image 9

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9 THE ATLANTA GEORGIAN AND NEWS. mi! MUCH LI, T Prevailing Unrest Injures Busi ness—Lack of Sympathy Destroys Incentive. By B. C. FORBES. Throughout this country there is a growing tendency to act first and then think. We have too much action and not enough thinking. We pass a hun dred laws, for example, where five would suffice. No other nation scrib bles on its statute books such a con glomeration of nonsense as our legis lators indulge in every year. * * * We are too restless, to fsverish, too prone to chase after will-o’-the-wisp panaceas. We are becoming enam ored -of turmoil, or social strife, of backbiting. * # * There are manifold wrongs to be righted, it is true. We do well to rise up in wrath against certain practices in both high and low places. Yet, the symptoms of restlessness preva lent to-day suggest underlying god- lessness, or, perhaps I should call it mental poise. * * # Our educational institutions teach how to do things rather than how to think. And when one considers that progress should, and no doubt will, mean less need for all-day work and more time for thought and reflec tion, it it not infinitely important that THINKING be cultivated? Have not many of us lost the habit of com munion with ourselves? Some have even ceased to be able to converse. We must have constant distraction —-business, it may be, or pleasure. We must have an eternal round of theaters, cabarets, moving pictures, vaudeville, automobiling, boating, trips hither and thither, “thrillers” of the Coney Island pattern, etc., etc., etc. We have little opportunity to get acquainted with ourselves. * * * Family life, the quiet home circle, tranquil pursuits are a-dying. * * * The storm and strife of business, of money-making appears to be grow ing more tense and desperate every day. We have all but killed senti ment in the hurly-burly of latter-day competition. * * » We have not masters and men, but corporations and “hands.” The head of a department told me on Saturday that an employe came to him and ex pressed regret at leaving after fifteen years’ service, but the executive was nonplussed, for he was not aware that he had ever set eyes on the employe until that moment! “Efficiency” is supposed to be a foe to all sentiment In business. My humble opinion is that without a modicum of sentiment between the employee and the employer or supe rior you can not have the fullest mea sure of efficiently. There must be something more than the mere per formance of a task under strict sur veillance. There must be some sense of loyalty, a spirit of camaraderie, the right esprit de corps. You can not geth the best results by a policy of heartlessness, by treating men as ma chines, by ignoring the human side of them. They are of the same flesh and blood as their overseers and em ployers. They have like hopes and ambitions. They have family ties, do mestic troubles and joys exactly as their “superiors” have. * * * On Saturday I was privileged to attend an annual outing of one of our great banks, an institution employ ing a force of between 450 and 500. Its president had them all, along with almost as many of their.families and friends, at his beautiful home as his guests for the afternoon and even ing. Such a gracious act makes more for loyalty and honesty and industry and service than all the “efficiency” maxims propounded in the last half dozen years. * * * The personal element can not be crushed and killed with impunity. A little break in the year’s round, such as that I mention, serves as a re minder that life has its pleasant as well as its serious side; that there is a time to laugh as well as work; that the chief officer is not above asso ciating with the humblest clerk, :hat all are human, that there are other bonds than salary contracts. * * * There is need for taking the rough edge off life. There is need for sen timent and sympathy and fuller un derstanding, room for a helping hand, for a little encouragement. Things can not always go well. Life is not one grand, sweet song. * * * M y bnnnii man. I hr tea rid. it’* true, If as made for neither me nor torn; it's jn*t « place to warntlc through. .Is Job contented o't: And ape the bent that we'll can do In mak the best o't. W hat tton would hkr'.i a palace ha’. Or 8undaII parlor dink an' brine H i’ a’ tiling* ordered in a raw Bp dentp Icddica. H’eel. than, pc connae hnr't that'* a’ That to hr said i*. As Robert Louis Stevens says: Glossary—“Warstle.” wrestle. '‘Ha’," hall. "Dink an' braw," neat and pret ty. "Dentv teddies.” dainty ladies. 7 DAYS LEFT UNI LAST PIN! YDIE Sharpest Competition Due in Home Stretch—Extra Ballots Only on American. Just one week from Thursday The Georgian and American pony contest closes! Think what this means to the contestants. Just seven days in which to hustle in votes! Nothing counts now save subscrip tions to The Georgian and Sunday American, and there are no bonus votes except for subscriptions to The Sunday American. On The Sunday American, there- Two Hustlers in Shetland Contest ■ $5* ; •' 4 k ' fj t ; ■ •< ft < - */■ Yap*:**.'.:*, f • 4 ■ ■ K ; ■ ' ' : It Vivian Broom, 493 Woodward avenue. fore, the contestants should concen trate their' efforts. The ‘Red Letter Ballots” may save the day for any boy or girl. Red letter ballots are good for 4,500 votes, in addition to the regular schedule, when accom panied by a two-year paid-in-ad vance subscription to The Sunday American; 2,000 votes when accom panied by a year’s subscription and 800 votes when accompanied by a six months’ subscription. No matter what newspaper, or how 7 many newspapers, the resident of Atlanta or the South reads during the week, every one wants The Sun day American. Therefore, while this bonus offer is not as liberal as those which have gone before, it should be of great assistance in piling up votes. And how the votes will roll up dur ing the week! The standings will be published every day, for a time. Watch them, and see how keen is the race for the ponies. It is a safe prediction that every day will see startling changes in the standings. This last week of the contest is not going to be pleasant for the over-confident, for the easy going, or for the faint-hearted. It will be a cruel pace set by the leaders, w'ith every one guessing, and every one in the dark. There is not a boy or a girl in any district who can be sure of success, not a one but needs every possible vote that cun be solicited, entreated, or cajoled from relatives, friends, or strangers. It is the home stretch which the contestants are entering now, and the going will be swift. SIDELIGHTS ON POLITICS By JAMES B. NEVIN. Tile (’ommittee on Constitutional Amendments i« the hardest worked committee at present in the House, but when it has cleared away the new county propositions, which it Is try ing manfully to do, it will get a much needed and deserved breathing spell. Mr. My rick, of Chatham, the chair, man of the committee, is one of the Legislature’s really tireless workers, and sits patiently through the most exhaustive hearings, without express ing the slightest desire to cut any body off or shut up the noise. He seems determined to give every new county proposition coming up a “square deal” and a full committee hearing, no matter what happens thereafter in the House. After the new counties are disposed of, however, the work of the Con stitutional Amendments Committee will be by no means at an end. There yet is to come up Mr. Eklmond**on’s bill calling for a Constitutional con vention, and while the Impression Is that no such bill likely will pass the House at this session., that would by no means sfrnp Constitutional Amendments Committee from consid ering, and recommending it, one way or the other, to the Houw. Besides this, there are half dozen other proposed amendments to the Constitution, some of which will have aggressive and most influential back ing. All of these Chairman Myrlck intends giving a hearing, If time holds out. The only thing that can head off the chairman of Constitutional Amendment* Committee in the mat ter o£ hard 7 work, is adjournment— R. C. Overstreet, Sylvania, Ga. and that will not come for twenty-odd days yet. Phil Cook, Secretary of State, is happy! He think* he is going to get a new Great Seal of State soon, and that Is what he has been looking for—these many days. For long, long years, Secretary Cook's pet grievance—he hasn’t many grievances of any sort—has been that worn-out Great Seal of State, which, despite his best efforts, can hardly be made out on legal documents. Secretary Cook isn’t at all foolish about great seals of state, either. He figures that he could have wabbled along without them, had they never been Invented, and he would be, per haps. quite as happy, had he never heard tell of one. Still, if Georgia must have a great seal of state, he opines that it should fte one that might be differentiated from other and less important seals, and that without the aid of a 40- horsepower microscope. “Look at this thing, now,” said the Secretary, exhibiting a specimen of the present great seal’s most deadly work. “Could you tell whether that is the great seal of Georgia or the great seal of Kamchatka? I couldn’t, if I didn’t know. What’s the use hav ing such a great seal?” Nobody could answer that, and so everybody listening agreed that the Legislature should, and probably will, pass the present bill of Mr. Nunnally, providing for a new great seal. “The best office in Bibb County” will not be the best office after the first of January If a bill proposed by Representative Wallace Miller is passed by the present Legislature. This is the office of Clerk of the City Court, now held by Charles H. Smith, 23 years of age, who draws ail income of $8,000, collected in fees. Mr. Miller’s bill puts the clerk on a salary basis and provides for a salary of $2,400. The clerk is appointed by the judge, who now receives a salary of $3,300, but for whose benefit there lias already been a bill Introduced, raising the pay to $5,000. The duties of this Clerk of Court are very light, and as he has a well- paid assistant, the office is really a delightful one. It has long been con sidered the choicest office of the county. Professor J. W. Boyd, of Fair- mount, Gordon County, whose elo quent plea for Tate County was suc cessful before the House Committee on Constitiutional Amendments Tues day, is one of the most picturesque men that ever served in the Georgia Legislature. When a member of the State Senate in 1908, he Introduced the famous bill abolishing the convict lease system in Georgia, and no man fought for the passage of that measure through both Houses and both committees more aggressively and more effect ively than Boyd. He Is an orator of the old school, with a “hallelujah lick” that reminds one instantly of that other eloquent North Georgian, the late Congress man William H. Felton. Undoubtedly. It was Boyd’s great effort before the committee on Tuesday that carried the day for Tate. The argument winning the great est favor, perhaps, was that wherein Boyd assured the committee that the creation of Tate would result, by reason of the amalgamation therein of the Republican end of Pickens, in the abolition of one rock-ribbed Republi can county—Pickens—and the crea tion of a new rock-ribbed Democratic county of Tate. It has been years since Pickens sent a Democrat to the Legislature, all because of the Republican end of the county that Boyd proposes to whack off. The Republicans of Pickens, needless to say, are bitterly opposed to Tate and are fighting it tooth and nail. The pressing of this partisan point before the committee, however, wai effective. Of course. Senator Boyd urged oth er points, such as earnest desire upon the part of the population effected, necessity of location, wealth and Tate's ability to take care of itself, but the big card undoubtedly seems to have been the anti-Republiean ar gument before a Democratic commit tee. Tate wllLffo before the House when It does go with conaideiable favor be hind it. NEW COLUMBUS DEPOT BEGUN. COLUMP US.—A force of men has* begun tearing down the old Southern Railway freight depot preparatory to building a new and larger one. A temporary depot is being erected on the site of the old Georgia Midland deouL STOCK MARKET Bv CHARLES W. STORM. NEW YORK. July 23. —Low er prices Drevailetl at the otienlni? of the stock market to-day, with the exception ot the coDner shares which ruled strong. Canadian Pacific showed a loss ot a point in response to a similar decline In the London market Other industrial issues yielded fractionally. but the re- cessions were not u. coinpHtuad by any indications of weakness, and as the leader the one developed after the first few minutes of trailing United States Government 2s showed a further decline this morning, 10.000 of the bonds selling at 96% a decrease of -t». The linden market was dull. Trading on the curb was steady NEW YORK STOCK MARKET. Prev. STOCKS. Open. High. Noon. Close. Amal. Cop. .. 68 \ 68*. 68% 68% Am. B. Sugar 24 S 24% 24% 24 H Am. Can . . . 325, 31% 32 32% do. pfd. . . . 93 % 93% 92V t 92% A. Car Fdy. . 43\ 43% 43% 43% Am. lee . . 22 22 32 Am. Smelt. .. 62Si 62 62% 62% Am. Sugar .. Hl% 111% 111% Anaconda. . . 34% 34% 34 >4 34% Atchison . . . 98 97% 97% 98 B. and O. . . 98 98 98 97% Beth. Steel .. 33 Vi 32% 33 32% R R. T. . . 874. 87% 87% 87% Can Pac. . . 218% 218 218% 219% Cen Leath. .. 23 23 23 23% C. and O. .. 54 53% 53% 54 C. K. ami I.. 30% 304, 30% 30% Corn Prod. . 10% 10 10 10% Erie 264. 28 Vs 36 >h 26% do. pfd. .. 40 >, 40 40 40 y* Gen Elec .. 140 139% 139% 140 G. N. pfd.. . 124% 123% 123% 124% Gt. West. . . 14 14 14 14% lnterboro . . . 16% 16% 15 Vz 15% do. pfd. . . 59 68% 58 >4 59 M , K. and T. 22 22 22 21% L. Valley . . . 149 148% 148% i4b% L. and N.. . 133 132% 132% 132% Mo. Pacific. . 31% 31% 31% 31% N. Y. Central. 98% 98 98 98 Northwest. . . 128V4 128% 128% 128 % N. and W. . . 104% 104% 104% 105 No. Pacific. . 108% 108% 108% 108 Va O. and W.. . 29% 29% 29% 29 Penna. . . . 113% 113% 113% 113% P. Gas Co.. . 112% 112% 112% Reading. . . 160% 159% 160% 160% R. I. and Steel 24% 24 24% 23% do. pfd.. . . 86% 86 86 86 V* Rock Island.. 16% 16% 16% 16% So. Pacific. . 92% 92% 92% 96% So. Railway . 22% 22% 22% 22%j St. Paul. . . 104% 104% 104% 104% Union Pacific. 147% 147% 147% 148% U. S. Rubber 60 59V* 59% U. 0. Steel. . 56% 58% 56% 56% do. pfd.. . . 108*4 106% 106% 106% Utah Copper . 43% 43% 43% 44% Wabash, pfd.. 6% 6% . 8% 6% W. Electric . 62 62 62 62% STOCK GOSSIP The yearly statement of the Republic Steel Company shows that the steel business is in good shape and the stock of this company and the United Steel Corporation should sell considerably higher before the end of the year. The demand for copper metal is again quite active and it is more than likely that the price will show a gradually advanc ing tendency. Believe conditions justify higher prices.—G. D. Potter. • * * The news from the Balkans Is not in spiring. Foreign traders are disposed to take profit. • * • Congressman Robert L. Henry, of Texas, submits a rival currency bill to President Wilson. • • • The New Haven may select a new president to-day or Thursday. ... Thp express rate decision may he rendered to-day by the Interstate Com merce Commission. The railroads may be denied advance, but may be ordered to discontinue high allowance paid to industrial owners of switching railroads, thereby saving J42.000.000 a year, says The American. • ♦ • Information channels favor profit-tak ing. • • • The Erie Railroad agreed to join oth er roads in accepting any arbitration award, but wfll ask men to defer ef fective date until January 1, 1915. * * * « It is reported that the United Cigar Company will open a London branch. • * * New Haven Railroad earned between 5 and &V4 per cent in 1913 and paid 7Vi per cent dividends. NEW YORK. July 23.—With cables at a point or so better than had been ex pected and no rain in either Texas or Oklahoma, the cotton market opened quiet and steady to-day. with prices showing irregularity, being l ofT to 3 points higher than the dosing quota tions of Tuesday. Barometric conditions as shown on the map did not indicate any rain in prospect for the Western belt, resulting In most active positions increasing their gains 2 to 4 points from the initial level. Cotton bulls reoeved another iolt after the call when another drop of 30 points In July cotton at New Orleans unsettled the market. July New 7 Orleans dropped from 12.00 to 11.70. while August fol lowed with a loss of 25 points. This, together with the late map showing un settled weather condition in the Western belt, was about the only interesting fea ture. With the exception of scattered trade buying, the market was friendless and prices droped 6 to 12 points from the opening. July and August were the heaviest pressed, both declining 12 points. The selling was generally ac credited to holders of long contracts, who were tired of waiting for the mar ket to pull out of the rut. NEW YORK COTTON. Cotton quotations: [Open! Hi ghl 12. I♦>! 12.16 July Aug. Sept. Oct. Nov Dec. Jan. Feb. Mch. May ITTw; rrev LowIP.M.I Close. i12.00 ill. «8 .ill.45 12.02 11.08 11.48 11.37 11.41 ill.34 11. )ii*.4S'ii!i8 ill. 46111.46 07 12.08 88,11.90 n. 11.38 11 .31 11.26 11.33 11.38 12.15-16 12.01-02 11.67-69 I. 1.45-46 II. 38-40 11.39-40 11.33- 34 11.34- 36 11.41-42 11.43-45 LIVERPOOL COTTON MARKET. LIVERPOOL. July 23.—This mar ket was due 2 Vi points lower on near positions and 4 to 4V4 points lower on distant months, but opened quiet at u net decline of 2 to 3 points; at 12:15 p. m. the market was quiet, at a net decline of 3 to 4 points. Fair business doing in spot cotton at 3 points decline; middling 6.69d; sales 8,000 bales. Including 7,000 American bules; Imports 1,000 bales, of which none were American. Futures opened easier, „ July ... July-Aug. . Aug.-Sept. Sept.-Dot , Oct.-Nov. . Oct.-Nov. . Dec.-Jan. . Jan.-Feb. . Feb.-Mch. . . . Mch.-Apr. . . . Apr.-May . . . May-June . . Closed steady Opening Range. . .6.45 , . 6.44 Vfc . .6.36^ . .632 . .6.18 .6.18 .6.15*6 .6.13 . .6 14 . .6.15% ;6.i8' Prav. 2 P.M. Close. Close. 6.43% 6.42% 6.47 6.43% 6 42 6.46% 6.86 6.84% 6.21% 6.20 6.17% 615% 6.17% 6.15% 6.11 6.12V*! 6.11 6.12% 6.17 6.15% 6.13% 6.18 6.14 V2 6.19 6.15% 6.20 89% 6.25 6.20% 6.20% 6.15% 6.15% NEW ORLEANS COTTON. Cotton quotations: July . Aug. Sept. Oct. . Nov. Dec. , Jan. Feb. Mch. May 112:6o]~ Prev. JOpen High! LowiP.M.i Close. 12.00 11.95 11.51 11.48 11.51 11.54 12.00111.70|11.70|12.00-01 11.95111.6y|ll.72|11.91-95 I i (11.55-57 11.52,11.40;11.41,11.50-51 i ill.48-49 11.50 11.38(11.38 11.48-49 11.51,11.44 11.49,11.80-51 i ill.46-49 11.54111.54,11.54:11.69-61 i i 111.65-68 COTTON GOSSIP COTTON MARKET OPINIONS. A. Norden & Co.: We favor buying on breaks such as we bad yesterday. , Morris H. Rothschild & Co.: Wo con tinue to favor purchases on such dips as we had yesterday. Miller & Co.: We anticipate further recession, but believe in buying into the market when these come along. GRAIN MARKET CHICAGO GRAIN MARKET. Grain quotation** to noon: WHEAT— Prev. High. Low. Noon. Close. July. . . 86% 86% 86% 86% Sept. . . 87% 86% 87% 87 Dee.. . . 91 90% 90% 906, CORN— July ... 61% 60% 61 % 6174 Sept. . . 62% 62 62% 62*4 Dee. . . Oil!* 59 69% 69% OATS-- July. . . 39!, 38 7 , 39 39% Sept. . . ¥1% 40!, 40% 40!, Dec. . . 43%, 42** 424, 4U> PORK— July. . .22.35 23.25 22.25 22.10 Sept. . .21.55 21.45 21.52!, 21.42% Jan 11.52!, LARD- July 11.82% Sept. . .11.8744 11.87% 11.87% 11.67V4 Oct 11.95 RIBP July 11.75 Sept. . .11.87% 11.8744 11.87% 11.87!4 Oct. . .11.65 11.6244 11.66 11.65 Dallas wiree: "Texas generally clear Oklahoma—North portion cloudy; bal ance clear." * • • NEW ORLEANS, July 23.—Hayward & Clark: The weather map shows very favorable conditions; cloudy over entire eastern half of the belt and Oklahoma. Fair in rest of the belt. Splendid rains in the Eastern States and Alabama, nice showers In Louisiana and Mississippi. Heavy rains In Galveston, but none In Interior of Texas Indications are for clearing over the Atlantics, showers In the Central States and Eastern part of Texas with increasing cloudiness over the Western half of Texas. • * • Liverpool cables: "Spot cotton, fair de mand; prices easier; sales estimated 8,000. American middling fair. 7.29; good middling. 6.95; middling. 6.68; low mildllng, 6.49; good ordinary. 6 01; or dinary. 5.67.” • • • The New Orleans Times-Democrat says; "July gyrations stirred the leth argic New Orleans talent out of a half slumber Ring traders were not look ing for anything of the kind, and for a time lacked an adequate explanation of the market's action. All along It has been understood that the strength of the New Orleans July position resulted from the presence of concentrated long In jerest, held by a few men who were ex pected t<> stand pat and receive cotton, and from the presence of a scattered long interest held bv men who were simply riding on the backs of the other fellow. 8o confident were the riders that July would be protected to the last that they neglected the small but Important formality of watching the pulse of the market, In session and out. "Early yesterday the fact became known to a few that the concentrated long interest in July had been wholly liquidated and the wise ooys moved to the ringside to watch the fun when the 'riders' should wake up. The news spread slowly and the sensitive nerve was not touched until after the lunch hour. Then pandemonium broke loose. There were not a great many outstand ing specualtlve long contracts, but as everybody Interested wanted to llqui- date'at one and the same moment, fluc tuations were violent. The talent has now turned its attention to August. It is well within the range of the possible that a few of the 2,300 bales taken up on July contracts may be retendered on August. It is also possible that the talent may shy away from August, be cause of the comparative rapidity with which new crop cotton Is now showing up. as there is a disposition In some quarters to believe that ‘first’ hales will be more quickly followed by a free movement than la usual.” The Chicago Inter Ocean says: "Wheat traders were Inclined to Ignore the big export business aiui argued that with a large movement and a tight money market, prices are not expected to work much higher and hold any ad vance. "It was said by corn traders last night that should there be good rains «h«»wn on the map to-day prices may go some lower, but that corn should be bought on any good break "From the action of oats yesterday traders were inclined to look upon It as having been overbought in the last few days. There is a disposition, however, to buy on every decline.” • * • Chicago, raining. 67 degrees, Minne apolis. clear. 60: Springfield. Peoria, cloudy. 72: no rain; Terre Haute, oear. 80; Kansas City, part cloudy, 65; no rain. $t Louis, clear, 74: no rain; Omaha, cloudy. 75; light rain last night, * * * The August Government report is to be issued Friday, August 8. at 1:15 p. m., Central time * * • Bears are predicting a liberal Western movement of wheat this week. * * * Liverpool weekly stocks were: Wheat, 3,216.000 bushels, and corn, 893,000 bush els Wheat increased 464,000 bushels and corn unchanged. * * * The Western hog run during the past week w 7 as 445,800, compared with J$67,- 000 last year. The movement of pro visions from Chicago Is somewhat larger than last year and probably offsets the increased hog receipts. • * * A cablegram from the Institute of Ag riculture at Rome, has been received by the Secretary of Agriculture at Wash ington giving tariff statistics on the world's crops. The estimated produc tion of wheat in 1913 by countries is; Bulgaria, 64.401.000 bushels; Spain. 110.100.000 bushels; England and Wales, j 55,080,000 bushels; Italy, 198.417,000 bushels. The combined production of Belgium. Bulgaria, Denmark, Spain. Italy, Luxetnboura, Switzerland, the United States. India. Japan, Great Britain, European Russia and Hungary is estimated at 1.962,000.000 bushels, or. 100.2 per cent of last year's production MINING STOCKS. BOSTON. July 23.— Opening: Calariz. 62%: New Haven, 102% ; Allouez, 38%: Sheet Machine. 46%: Calumet Hecla. 425; Butte Superior. 27%; Quincy. 60. .tcxxxxx >e *yx>cocxxoooococo< kx. < <-■> h3doeicc<x> <r„ - AMERICAN FLAG sssssejssssssssasssssssssi ,j, OFFER SSSSSSSSSSSSSSSSSSSSSSSSSSSSSi'S THIS COUPON and 90c entitles the holder to an American Flag, 5 feet by 8 feet, when presented at onr offices, HEARST’S SUNDAY AMERICAN THE ATLANTA GEORGIAN 20 EAST ALABAMA ST. 35 PEACHTREE ST. Flags will be mailed at an additional charge of 10c for postage. BAR SILVER. NEW YORK. July 23 —Commercial I bar silver. 58%: Mexican dollar*. 47 i LONDON, July 23. iiur silver stead}. , 27 %d» up l A Valued at Five Dollars for 90 cents This beautiful American Flag, the very latest, with 48 stars, made of tine bunting. Cut out Coupon below, and bring to THE HEARST’S SUNDAY AMERICAN and ATLANTA GEORGIAN Of fice, w 7 ith 90 cents, and secure one of these beautiful flags. Every man is proud to say he is an American, and it is bis duty to see that “Old Glory is flung to the breeze” on every appropriate occasion. See that you have one of these flags at your office or at your home. Take advantage of this offer. Hearst’sSunday American and Atlanta Georgian 20 East Alabama Street 35 Peachtree Street ATLANTA, GA.