Below is the OCR text representation for this newspapers page.

\ THE ATLANTA GEORGIAN AND NEWS. SECURITIES DELUGE IP FREE HITES EEISES Two Hustlers in The Pony Contest Expert Recommends Convertible Bonds—His Prediction of Improvement Realized. By b. c. Financially, we the thicket# that tarded pro#perity. us nearer clear skie#. FORBES. are emerging from have seriously re- Every day bring# field# and bright Pony Contest Manager Repeats Warning That No Contestant Is Safe—Shetlands Parade. “Red Latter Ballots” came in an avalanche Tuesday afternoon and evening, burying the clerks in the contest manajreT's office. This was the last bonus offer, the “Do you recommend the purchase of securities?” I am a*ked. * • • Ye#, many excellent bond# are to day bargains, notably the convertible issues of sound railroad and con spicuously strong industrial compa nies. Among the attractive invest ments that rush to mind are the con vertibles of Baltimore and Ohio, 9t. Paul, Atchison, Norfolk and Western, and American Telephone. They are safe, they yield a fairly generous income, and the convertible privilege gives them an added speculative value not to be ignored. • • • What about stocks? • • • Well, a month ago, after having urged caution for a year, I ventured the opinion that the turning in the long lane was near and that discrimi nating outright purchases could be made with every probability—cer tainty, almost—of generous profits in addition to the high dividend n turns. Nothing has occurred to change that view, except that prices have already enjoyed so substantial an advance that I believe a tem porary reaction is in order. Then the best stocks .will again be very attractive. * • * I have enjoyed confidential chats with certain of our most powerful financiers, and their views are exactly in accord with what has just been written. • • • Bonds, however, are favored. In vestors who like a speculative string to their purchases are recommended to buy trustworthy convertible bonds in preference to stocks. • * • The strongest banking interests are opposed to speculative activity in stocks at present. “There should not !.*, and very probably will not be, much speculation in stocks for two or three months,” remarked a financier whose judgment is second to none and whose position i- one of great eminence in American and in ternational finance. “Margin trading is not to be encouraged Nobody should buy stocks just now unless prepared to hold them, no matter if a setback be suffered. Of course, 50- point margins are all right. I am speaking only of narrow margins. Small investors who can pay in full and who buy on re ctions are pretty sure to come out well.” ♦ • • Plungers are not to be encouraged until the money necessary to mar ket the crops has been supplied. * • • I hear that cotton growers will be at the earliest moment and that grain growers will also be urged to market part of their product without delay. The double desire is to have debts liquidated at • ome and credits built up abroad. * • * Our financial pro«oects are bette" than our business conditions, al though these are not wholly bad, cy any means. * * • Financial stringency, once gravely threatened, now promises to be avert ed. inflation has been curtailed throughout the country and the del uge of new security issues has been stopped. Abroad also, the banking situation has been strengthened at every important center. If need aris*, the United States ought to obtain assistance from London without pro test, for th© Bank of England's re serve is phenome iall w high and the leading Continental banks are also unusually well fortified with bullion. EST FAVOR OF OPEN Business Man’s Lost Keys Prove It—Contestants Find It Easy to Secure Want Ads. SHAKE-UP LIKELY E Escaped Life-Term Convict Recaptured COLUMBUS, July 30.—Detective Ben Moore has returned from Bir mingham with Will Truett. a negro, who escaped from the penitentiary six years ago while serving a life sentence for killing Price Thorn,, another negro. Truett was sentenced to hang, out Governor Hoke Smith commuted the sentence to life imprisonment. He served one year when he escaped. Edward DeLoach, 97 S. (Jordon. last bit of help for the boys and girls who are striving for The Georgian and American ponies. Wednesday, Thurs day—Thursday midnight, and the race is over. Admiring crowds In the business district of Atlanta stood along the sidewalks Wednesday morning to site the 22 ponies which will go to the two winners In each of eleven dis tricts. Though unused to city sights, the ponies behaved very well, and certainly made a splendid showing. District Races Close. There is Just one thing for the boys and girls to remember—it all will be over Thursday at midnight. There are close races in almost every dis trict. The boy or girl who Is nosed out of first place by a very few votes will regret for years that he did not see Just a few more people the last day: that he did not try for at least one more subscription than tile num ber he thought enough. Some of the most confident bragging sort—are in most danger of losing. This is the "tip" from the contest manager. No one is safe. * And Thursday is at hand. Followed Advioe. Hardly one of the contestants over looked his opportunity, offered by the "Red Letter Ballots.” to get 2,000 votes for $2. Some of the boys and girls brought in dozens of these "Red Letter Ballots." They followed the advice of the con test manager and concentrated all their efforts on subscriptions to The Sunday American up until Tuesday night. That offer now is history'. A brief, sharp sprint, with no favors asked or given, and the pony contest will end in a blaze of glory. President Finley Slated to Head Harriman Lines, Necessitating Changes in High Offices. A general shake-up in the man agement of the Southern Railway and its allied lines, including the Alabama Great Southern, New Or leans and North Eastern and the Vicksburg, Shreveport and Pacific, will take place about September 1, according to an authoritative rumor emanating in Macon. W. W. Finley, president of the Southern, it is said, is slated for the presidency of the Harriman system or the Southern or Union Pacific, while E. H. Coapman, vice presi dent and general manager of the Southern, will succeed Mr. Finley. In turn J. M Culp or Horace Baker \vill succeed Mr. Coapman. The next most important change will be that of John B. Munson, vice president and general manager of the Georgia Southern and Florida Rail way and receiver for the Macon and Birmingham Railway, who will be come vice president and geperal manager When you lose something, do you bid it good-bye and say nothing? That’s bad business. Why not find o An Atlanta business man lost his office keys a few days ago. He tele phoned The Georgian s Want Ad Man and had three lines published in the “want” pages, asking that the keys be returned to his office, where reward would be paid. Next morning he was offered Just fourteen bunches of keys. One bunch was his own. The thirteen other losers may not have their keys yet, unless they ad vertised for them. The finders had no clew to the ownership. A Georgian want ad will get most anything you want, from a housegirl to a twelve-room house. That’s the reason you see so many business houses using them. Atlanta folk know their value, too, and that's the reason The Georgian’s Want Ad Contest Is proving so suc cessful. It's easy to get want ads. Contestants need only make a sug gestion or two and an unfilled want is remembered, the advertisement dictated, the want fulfilled. The contest is still open and new contestants have a fine opportunity to enter and win a prize—an automo bile, a piano, a trip to California, a motorcycle or any one of the dozens of trophies offered. There isn't any guesswork to rack your brains over, no disappointments. Energy will bring results and the prizes will go to the best hustlers. The Want Ad Man will tell you all about how to enter, how to wohk, how to win. Weston on Last Leg Of Minneapolis Hike MINNEAPOLIS, MINN.. July 30.— Edward Payson Weston, the 75-year- old pedestrian, was on the last leg of bis hike from New York to Minneap olis to-day. He was officially welcomed yester day as he crossed the State line at Hudson, Wis., and into Minnesota by Governor Eberhart and members of his executive staff. and of the Mobile and Ohio. This line is considered one of the best properties of the Southern Rail way. Mr. Munson will hf* succeeded by W. F. Kaderly, general superin tendent of the G. S. and F. According to further information, which is not so authentic, R. V. Tay lor, vice president and general man ager of the Mobile and Ohio, will as sume a similar position with the Queen and Crescent Route, with headquarters in Cincinnati. If the current report is true there will be a general shifting of all viqc presidents of all the allied lines of Southern Railway The changes, it is said, were scheduled to take effect but were postponed. EX-JUDGE DEFENDS NEGRO. GREENSBORO.—Judge Henry Gray Lewis, who retired from the bench two years ago, was appointed to defend Bob Jones, a negro, charged with as sault with intent to murder, when he announced that he had no counsel and was not able to hire an attorney. Senate Committee Decides to Recommend Bill—Commission Head Praises It. Chairman R. E. Davison, of the State Prison Commisaion, appeared before the Senate Penitentiary Com mittee Wednesday and announced that the board Is in favor of the in determinate sentence bill. After hearing from Mr. Davison the committee voted unanimously to re port the measure favorably to the Senate. It has been reported favor ably In the House. It is expected to receive no opposition. The bill provides that Instead of sentencing a prisoner for a fixed term of years, the Judge shall sentence him. for burglary say, for not less than ten years and not more than twenty years; or for not less than five and not more than ten, as the case might be. It is then up to the convict's own behavior as to whether he gets out under the minimum sen tence or has to serve the full term. Chairman Davison said: "The Prison Commission is hearti ly in favor of the indeterminate sen tence. We have had practical ex perience of the operation of such a law in the Boys’ Reformatory, and it has worked well. We have found that It makes better boys. It gives them the Incentive to work for their release, and yet we are enabled to keep an eye on them and keep thm under our supervision after they have been paroled. They know that their only chance to get out before serving their full term is to make good in deportment. “If the convicts are given inde terminate sentences I believe the same condition will prevail. Instead of increasing their evil tendencies and making them as sneaking and idle as they dare to be they will have an Incentive to behave themselves and do good, steady work. They will be given the power to redeem them selves. We have discussed the meas ure thoroughly, and we are satisfied that with safeguards thrown around It as they are, it is a good and prac tical one.” The measure is framed to exclude from the indeterminate sentence per sons who have been convicted of two former offenses, also persons sen tenced to life imprisonment, or per sons sentenced for treason, arson, criminal * assault or attempted crim inal assault. the j July 1 Mystery in Slaying Of Man in East Rome Woman's uife Saved By Birmingham Man SAVANNAH. July 30.—Summer residents at Tybee tell a thrilling story of a daring rescue when Mrs. Pearl Golden, of Savannah, was* car ried out by a strong undertow. She would have drowned had it not been for rhe bravery of Sam Seigel, of Bir mingham, who went to her assistance. Seigel reached the point where the woman was struggling in the water just a moment before she collapsed, completely exhausted. He caught Mrs Golden under his left arm and swam with her to shore. Women Voters Buy Auto Fire Equipment CHAMPAIGN, ILL.. July 30.—The purchase of two automobile fire trucks and other modern fire-fighting appli ances by the city of Champaign was possible to-day because the women at yesterday's election voted unanimous ly for the issuance of bonds for the purchases. Without the ballots of the women, it was estimated, the proposition would have failed. Aid Goes to Burning Coastwise Steamer Rome, July 30.—Mysteriously killed laat Saturday night, the death of Floyd Frisco fas just become known. Coroner Miller learned to-day that Frisco had been done to death on j White Row in East Rome, and ho far he has been unable to unravel the mystery. Frisco was at the home of Will Watley, but Watley. who was aiso shot in the arm, can not or will not divulge the name of the assailant, ex cept that his name is Fred. Watley is being held until “Fred” can be found. Women After Police Jobs Wprk ‘Pulls’ CHICAGO, July 30.—For the ten Jobs as policewomen in Chicago May or Harrison to-day had 60 applica tions. Most of the applications were In dorsed by politicians who are reput ed to have a '‘pull” at the City Hall. One woman asked that her claim upon an appointment be considered because her father had kept faith with the Democratic party since the war. NORFOLK. VA., July 30.—The Mer chants and Miners’ steamer Howard is at sea with a fire in her forward hold, according to a wireless message received here to-day. The Old Dominion steamer Monroe ha* gone %o her assistance. Arrested on Charge Of Deserting Wife ROME, July 30.—Shortly after he had registered at a local hotel H. A. Smith, of Durham, N. C., was arrested by police officers on charges preferred in the North Carolina town. One charge is wife desertion. Smith was arrepted on the receipt of a telephone message sent from At lanta by his wife, who declared that he was preparing to desert her. Lntyr on the Chief of Police here received long-distance message from Durham asking that Smith be held until offi cers could arrive. CALL A CARPENTER! PHILLIPSTOWN, N. Y.. July 30.- The wooden leg of Jeremiah Con nolly was run over and broken when he tried to board a moving freight train here. LIGHTNING WRECKS EARN. TIPTON.—The barn of E. O. Hood. In the northern part of Tift County, was struck by lightning and totally destroyed. mule and a burned. S . SEASHORE EXCURSION AUGUST 7. Jacksonville, Brunswick, St. Simon, Cumberland, At lantic Beach, $6.00—Limit ed 6 days. Tampa, Fla., $8 —Limited 8 days. TWO SPECIAL TRAINS. 10 p. m. solid Pullman train. 10:15 p. m. Coach train. Make Reservations Now. horse were g 0UTHERN RAILWAY. We Have Reduced Everything 20% From the Regular Price Do not let the opportunity to get that which is so genuinely good at such rarely low prices pass with out taking advantage of it. We move to our new store some time in August, and until that time practically all of our present stock is going at this reduction. Only a small quan tity’of Silver, Hamilton and Howard Watches and Waterman Fountain Pens are reserved. fjugepe l/yCaype^Q. FRANK H. REYNOLDS & CO. SURETY BONDS, FIRE, CASUALTY AND BUR GLARY INSURANCE Automobile, Accident a nd Health Insurance. Plate Glass. 914-34 Candler Building. Phone Ivy 5277. SEMI-ANNUAL STATEMENT For the six months ending June 30, 1913, of the condition of the EQUITABLE FIRE INSURANCE COMPANY OF CHARLESTON. Organized under the laws of the State of South Carolina, made to the Governor of the State of Georgia, in pursuance of the laws of said State. Principal office, Equitable Building, Broad and Church streets. I. CAPITAL STOCK. Whole amount of capital stock 3200,000.00 II. ASSETS. Total assets of the company, actual cash market value $385,940.12 , III. LIABILITIES. Total liabilities $385,940.12 IV. INCOME DURING THE FIRST SIX MONTHS OF THE YEAR 1913. Total Income actually received during the first six months in cash $ 89,261.00 V. EXPENDITURES DURING THE FIRST SIX MONTHS OF THE YEAR 1913. Total expenditures during the first six months of the year in cash $ 97.932.16 Greatest amount insured in any one risk $ 5.500.00 Total amount of insurance outstanding 11,741.233.72 A copy of the act of Incorporation, duly certified, is of file in the office of the Insurance Commissioner. STATE OF SOUTH CAROLINA—County of Charleston. Personally appeared before the undersigned Wm. G. Mazyck, who. be ing duly sworn, deposes and says that he is the secretary and treasurer of the Equitable Fire Insurance Company, and that the foregoing state ment is correct and true. WM. G. MAZYCK, Sec. and Treas. Sworn to and subscribed before me, this 18th day of July. 1913. W H. DUNKIN', Clerk of Court, Charleston County, S. C. Name of State Agent—F. H. REYNOLDS. Name of Aiii.nl:> at Atlanta F. H. REYNOLDS & CO. MEN AND RELIGION BULLETIN No. 67 OUR WAYWARD CIRL “The child is not dead, but sleepeth.” —Mark 5:39 A man came crying: “My little daughter is at the point of death; “I pray thee that thou come and lay thy hands on her that she may be made whole and live.” With him went Jesus. On the way a woman touched Him. She was healed. .-j& '* But others came saying to Jairus: “Thy daughter is dead: why troublest thou the Master any further?” Jesus said: “Fear not, only believe.” / And in the house He asked: “Why make you a tumult and weep? The child is not dead, but sleepeth.” “And they laughed Him to scorh.” But when He touched the girl and spoke, she rose and walked. / “She was twelve years old.” ' ' * Worse than death may come to the daughters of men—even to yours and ours. And some men and women would laugh in derision at the sugges tion of their cure. But not so with Christ, our Lord. And, thank God, the centuries of His love have made the majority of mankind pitiful to the fallen: they no longer scorn and stone, if they only know. Think of this! Seventy-five girls—not hardened women of the street—but girls under sixteen, are in charge of one Georgia Court. Many more—some even younger—are in the State. “They are morally dead,” say some. Not so, we answer in Christ’s name. They only sleep. You could wake the conscience of each one of them— You could save them, and with them many others from worse than death, had Georgia a reformatory for girls like other States. They are being lost for the want of this. Do not pass them by. * TO SAVE ONE MAN’S DAUGHTER FROM RUIN AND SHAME IS WORTH MORE THAN TO SAVE ALL OF OUR HOGS AND COWS FROM CHOLERA AND THE TICK. And yet, Tuesday again the Appropriations Committee of the House recommended the appropriation of thousands of dollars for this and that, WHILE CHAIRMAN CRAWFORD WHEATLEY, of Sumter, moved that the Jones and Mills bill, establishing a reformatory for girls, be laid on the table until next year. This would mean the destruction of many a girl—their loss for the want of a place in our State to handle delinquent girls; these can not be put in the chaingang or with the women of the prison farm. John Y. Smith, of Fulton, with C. F. Hollberg, of Coweta, saved the measure by suggesting that it lay over until this coming Thursday. Chairman Wheatley agreed to this. It was done. The Penitentiary Committee has recommended that this bill do pass. The Prison Commission has said that Georgia to-day can not take care of her wayward and delinquent girls. Confidently, we believe that the Committee on Appropriations will recommend the passage of the bill carrying the appropriation of $30,000 ($45,000 less than was asked for) to build the reformatory for girls. The need is urgent—far more so than the sickness of our hogs. You can and will find a way to provide for these girls even as you did for our beasts that are sick. , I EXECUTIVE COMMITTEE OF THE MEN AND RELIGION FORWARD MOVEMENT it