Atlanta Georgian. (Atlanta, Ga.) 1912-1939, August 10, 1913, Image 13

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J L 'll" »■ Cashier of Barber Shop Rose To Be Ranked With Morgan and E, H. Harriman. KEPT HIS FOLLOWING INTACT Inspired Unswerving Loyalty by His Faith in Men—At His Best as a Builder Big Money in Souths Sweet Potato Crop if Properly Stored and Marketed Value of Sweet Potatoes Increases 80 Per Cent During Last Ten Years—Ninety Per Cent of Crop Grown in South Atlantic States. Great Demand Not Supplied. CHARLES A. WHITTLE. CHICAGO, Aug. 9.—Wall Street tacks leadership and the recent de mise of Anthony N. Brady removed another great figure from the finan cial galaxy depleted by the deaths of H. Harriman, J. P. Morgan, John W. Gates and Edwin Hawley. As a financier of great ability, his leadership in commercial enterprises was made pre-eminent by the success he attained In building up Brooklyn Rapid Transit, Consolidated and People’s Gas, American Tobacco and United States Rubber, for which he made conspicuous markets during periods of activity in stocks. His constructive ability appeared to be limitless and his policies had a wide following, particularly in public utility operations. At the time of his death, he was a director in sixty corporations. Mr. Brady’s first im portant business transaction was the acquisition and consolidation of trac tion companies in and about Albany. He built these up to a high degree of public efficiency, as well as profit to stockholders, and eventually sold them at good terms to the Delaware and Hudson. Similarly with the Providence Tractions, which he sold to the New Haven. He Trusted Men. Loyalty to his friends and business associates and scrupulous honor in keeping agreements made him one of the great powers of finance but he went further than that. He trusted men, believing that those with whom he chose to do business would be as highly honorable as himself. In his relations with his friends he was not alone loyal. He went out of his way to help them. The result was that most of them were ever on the alert to help him. Wall Street never heard as much as a rumor of dissension in the Brady party, nor as much as an idle report of financial troubles among any of Mr. Brady’s associates. But It does know' of weathy men in Al bany who were Mr. Brady’s friends in early days and business associates in New' York and elsew r here who have become both wealthy and prom inent by his guidance. It knows also that no Wall Street party ever held closer together or ever transacted «jch important matters of business with so little noise or criticism. Loyal as Morgan. “Mr. Bra4y stuck by his com panies,” said one of his business as- rociates, “and he stuck by his friends. Toward them his loyalty wa« of the intensity of Mr. Morgan. Like Mr. Morgan, he never withdrew' from a transaction rice he had given his word that he would participate. He was a man of high honor in his deal ings with all his associates and it was to his loyalty to them and their loy alty and admiration for him that his success was largely due.” In his management of Consolidated Gas and its subsidiary, the New York Edison Company, companies which were formerly bitterly assailed, Mr. Brady’s policy w-as liberal to the point where it eventually disarmed criticism. It wns through him that George B. Cortelyou, on his retire ment from the Cabinet, was per suaded to accept the presidency of Consolidated Gas and he collabor ated with Mr. Cortelyou in settling all the mass of litigation with New York City and State. As a builder and a man of constructive policy Mr. Brady’s work was before every one in the development of the Brooklyn Rapid Transit. Trie company had been exploited in the stock market before he ac quired control and had never paid a a dividend. Since that time It stead ily developed along straight business lines, placed on a 6 per cent divi dend basis and i« an important factor in the rapid transit w r ork now under way in Greater New York. Made Money in Tea. His career in the world in business began in a barber shop in Albany. N. Y.. as cashier. Later he started a small tea business. In that he showed the remarkable business ability through which he accumulated a for tune. He established a chain of stores in several cities in the north ern part of New York. and. it was said, through this enterprise he ob tained the capital with which he be gan his early operations on a larger scale. His next enterprise wrp to manipulate a corner in quinine. Then he obtained stock in the Albany Gas Company and began his operations as a promoter. Soon after he had be come connected with the gas inter ests he bought several large granite quarries, which he disposed of at a big profit, and again turned his atten tion to gas ar.d secured several large interests in Albany, Troy and Chi cago. Studied Ga6 Chemistry. When he had become interested in gas Mr. Brady began a systematic study of the business in all of its phases. He devoted weeks to the study of chemistry as applied to the manufacture of gas and finally adopted the De Mote plan. To make the improvements he needed addition al capital, so he took his plans to Roswel’ P. Flower and Edward Mur phy. They interested E. C. Benedict and Grover Cleveland and entered into a deal by which the gas plants of Albany were purchased outright. H w went into the oil business and or ganized the Manhattan Oil Company, of l ima. Ohio selling its output to the Chicago Gay Company. Speaking of big money-making crops suited to the South, what is the matter with the sweet potato? For sure corps, good returns and a growing market, take your hat off to the sweet potato patch. Georgia is “pulling down” some $5,000,000, Ala bama some $4,000,000. Mississippi $3,500,000, Louisiana $3,000,000, Ten nessee $4,000,000, North Carolina $5,000,000, South Carolina $3,000,000, Virginia $3,000,000. Kentucky $1,000,- 000, Arkansas $2,000,000, Texas $2,- 500,000. Florida $2,000,000 in sweet po tatoes each year. Ask any groceryman if he ever has enough sweet potatoes to supply the demand. If he has, he is the excep tion to the rule. The South iy the natural habitat of the sweet potato. It is up to the Southern States to supply the de mand. The demand is growing, the sweet potato patches are growing, but the demand is quite a lap ahead and gaining. In fact, there is a wide- open, attractive opportunity for the Southern farmer in growing sweet potatoes. Why not “go to it”? The Spread of the Potato Patch. Under the inspiration of a growing price and an enlarging market, the sweet potato patches have extended their area during the census decade previous to 1909 39.3 percent for the country ay a whole. While the South ern States have them all beaten in advantages, every State in the Union is growing potatoes and only four are falling away from the habit and show a decrease in the decade period mentioned. These are Pennsylvania, Indiana. Illinois and Texas. Georgia takes first place in the amount of revenue derived from the sweet potato according to census fig ures. Other Southern States in their order are North Carolina, Alabama, Miysissippi, Virginia. South Carolina, Louisiana, Texas. Tennessee, Arkan sas, Florida and Kentucky. The increase w’hich the census shows for the last report for each State is as follows: Louisiana 174 per cent, Oklahoma 155 per cent, Arkan sas' 154 per cent. Alabama 112 per cent. Mississippi 110 per cent. North Carolina 104 per cent, Georgia 85 per cent. Tennessee 84 per cent. South Carolina 70 n^r cent, Kentucky 66 per cent, Virginia 56 per cent. Florida 37 per cent. The Southern States grow a very great part of all the sweet potatoes, and will continue to grow them for the special reason that the soil, cli mate and long growing season favor this kind of tuber. Therefore, the increase in acreage and revenue from this source will belong to the South in the future ay in the past. Increase in Price. The census report tells us that for the last decade reported that the value of the sweet potato crop in 1909 in the South Atlantic States was threo-fourths greater than it was in 1899; in the West SoiUh Central States nearly twice as great. Since the South Atlantic States* grow over 90 per cent of the sweet potato crop, it is important that particular refer ence should be made to this territory. In Georgia, for instance, the aver age value of a bushel of potatoes in creased 13 cents during the census decade and has increased more since then. In North Carolina the increase in price per bushel during the last census decade was 14 cents. In Ala bama the Increase has been 18 cents per bushel, in Louisiana 9 cents per bushel, in Mississippi 17 cents. The increase in the value of sweet potatoes in the country as a whole for the last census decade was 13 cents per bushel, or 30 per cent. The increase has been continuing. While there has been a general increase in the value of all crops of the United States, contributing to the higher cost of living, yet the larger demand for the sweet potato has pushed ahead of the general average consid erably. While values have been estimated in generalities of a census report, it goes without saying that the intelli gent, thrifty farmer has little to do with such general averages. They are very’ far beneath him. His yields per aciv, his returns per bushel are al ways much in excess of the general average. It is possible for the intel ligent farmer, planting on good land, to grow from 100 to 300 bushels of sweet potatoes per acre. It is easy enough to average from 75 cents to $1 per bushel. It Is possible by good storing to get from $2 to $3 per bushel or even more by home canning. Profits Can Easily Be Increased. When a farmer finds the local mar kets flooded at potato gathering time, and can get only 50 cents a bushel, he is disposed to believe that there is not much in the sweet potato busi ness. A great many growers are content to market their crops under such unfavorable conditions, rather than go to a little more trouble and get much better prices. In some of the potato-growing sec tions of the South the co-operative marketing societies which have han dled the strawberry, cantaloupe, beans or other early crops, also handle the sweet potato crop in its season, ship ping to some Northern market. Usual ly better prices can be had in the Northern market than prevails in the local Southern markets. Where canneries have been estab lished an increasing amount of sweet potatoes are being canned each year, netting the farmer who knows how' to can successfully large returns. Even where the potatoes are turned over to the commercial canning plants the revenue is larger as a rule than is to be obtained upon a flooded market. Storing is the Best Method. More can be obtained from sweet potatoes by storing them than by any other method, with the possible ex ception of canning. Since canned sw’eet potatoes are not In as great demand as the natural tuber, of course, there is a danger of overdoing the canning business at the first. A very' valuable bulletin has just been issued by the United States De partment of Agriculture, entitled, “Storing and Marketing Sweet Po- Georgia State College of Agriculture. tatoes,” by H. C. Thompson. This has appeared as Farmers’ Bulletin 548, and should be in the hands of every farmer in the South who is interested in growing and marketing sweet po tatoes. Its particular value is in its information as to how to store sw'eet potatoes. It is well knowrn to every grower of sw'eet potatoes that the storing proposition is quite different from that of the Irish potato. Many methods have been used for storing the sweet potato in the 8outh. Some of them are successful, but most are not. The usual method is to bank them —that Is, bed them in straw and cov er up with dirt, preferably under a shed, but if in the open, the mound is covered with boards. This method, while serving well for the Irish po tato, is not so good for the sweet po tato, which carries a greater percen tage of w’ater in its makeup. It is for the purpose of giving the farmers w’ho grow sweet potatoes a practical, workable storage plan that the bulletin referred to has been is sued. Many Potatoes Spoil. The writer say's that from 25 to 50 per cent of the sweet potatoes stored in pits or banks spoil, and those that remain are not to be considered of first-class quality'. He say's that the only safe and practical method of storing sweet potatoes is in a storage house. To keep sweet potatoes in good con dition they must be well matured be fore digging, carefully handled, well dried or cured after being put in the house, and kept at a uniform temper ature after they are cured. A potato is ready to be dug when after breaking one, the exposed broken surface dries in a few minutes. If it remains moist, the potato is not mature. The potato should be carefully han dled when It is intended for storage. It should be put in baskets or boxes and placed in the bins with the least Jolting and bruising possible. If stored in the kind of house which is suggested, they can there be properly cured. The Best Storage House. While a cheap storage house can be made to serve the purpose, expe rience has taught that to maintain right temperature the cost of fuel and the trouble will soon offset the extra cost of erecting a good house at the start A desirable wooden house is pref erable because it is cheaper and eas ier to keep dry. It should be built on posts or piers to admit of the circu lation of air all around it. The “dug- out” or house partly built under ground is advised against for use in the South because of the practical impossibility of keeping such a house dry. Moisture, of course, means rot. For building a storage house that will hold 2,500 to, 3,000 bushels of potatoes, a house 20 by 40 feet may be erected. On the sleepers a rough floor can be laid, and on top of this a layer of heavy building paper placed, and cn top of this matched flooring. The walls can be built by putting on the outside of the studding board an inch thick nailed on diagonally. Over this a layer of building paper should be put, and then matched sid ing. On the inside of the studding a layer of ceiling should be placed; on top of this a layer of building paper, and then matched board of w’ainscot- ing. In the lower South it is claimed that the first layer of ceiling on the studding inside may be omitted. The sides should be well tied to gether with scantlings four feet part so as to be over the partitions for the bins. Any kind of roof may be used provided it be made tight to keep out the cold. Galvanized iron is preferable. A layer of roofing pa per over the rafters will serve to keep the cold air out. Coat of Paper Needed. On the lower sides of the rafters shouid be put a coat of building pa per and on this a layer of matched material. The space between the walls should be left open. No filling serves as well as the air itself for keeping the build ing free from moisture. Thorough ventilation is necessary. Put three windows on each side, a door in each end and at least two ventilators in the top of the roof. The window's should be within 18 inches or two feet of the floor and windows and doors should be made to fit tight and keep out the cold. Wb^re glass windows are used. out*' •/» shutters should be employed. is needflul that there should be one or more glass windows to admit light, while w’orking inside in the winter. Ventilators in the roof must also be provided with coverings to keep out the cold. The bins should have movable floors, made of slats one inch thick and four wide, leaving one inch space between each slat. The same is true of the walls of the bins. The pur pose in making a movable floor in the bin Is to admit of removing, cleaning and disinfecting it durng the summer. Between 6 and 12 inches of space should be left in the walls and the bins to admit of the circulation of air. In slatting up the bins, space to the width of the separating scant ling can also be made, that is, each bin should have a separate end. Log House Can Be Used. Instead of going to the expense of erecting the building described, many Southern farms will be found a ten ant house, perhaps a log house, which can be converted into a sweet potato house at little cost, remembering to make them air-tight as far as pos sible and Introduce the ventilation features which have been described. After the potatoes have been put in the storage house the tempera ture should be maintained from 80 to 85 degrees Fahrenheit for ten days or two weeks, depending on weather conditions. Ventilation is absolutely necessary at this period and whether the temperature can be maintained at the height mentioned or not, it is better to keep all win dows and ventilators open to drive out the moisture-ladened air. Tf moisture collects on the wall or cell ing at this period a fire must be built at once to dry it out. When the potatoes are thoroughly dried or cured the temperature should be gradually reduced and kept as near as possible around 55 degree during the storage season. If the temperature goes below 48 de grees a fire should be made in the house, or the house opened in the middle of the day If the temperature is high enough. If the temperature in the house goes above 60 degrees, the house should be opened in the cool of the day to lower the temperature to 54 or 55. The house should have some ventilation every day. Secret of High Prices. Potatoes bruised and cut during the digging and handling accounts for the poor price which many of them bring. The secret of getting high prices is to carefully clean and pack and to put on the market when there is a good demand. The storage house will provide for the latter. To clean potatoes requires very lit tie trouble but it pays. To pack the right kind of potatoes is easy enough when proper precautions are taken. First it is better to use plows with rolling colters on the beam to cut the vines, and with rods attached to the mold board to fre e the roots from the soil and vine. The potatoes can then be taken from the ground with hand and should be sorted at this time. Those of uniform size and good qual ity should go into one pile for the market, those selected for seed in an other and the remainder can be canned or fed to stock. Potatoes should not be tossed from row to row, nor packed in bags even to haul to the storage house. It is better to handle them In baskets or boxes to storage and to market and thus save waste from bruises and rotting. Some Sweet Potato Facts. Based upon the discussion of the bulletin referred to in this article cer tain conclusions have been summar ized as follows: The value of th e sweet potato has Increased about 80 per cent in the last ten years. With methods of stor ing and marketing the present value could be doubled. Sweet potatoes can be kept satis factorily in a storage house where the temperature and moisture condi tions can be controlled. Sweet potatoes to keep well must be well matured, carefully handled, thoroughly cured and kept at a uni form temperature w’hile in storage. Thorough ventilation is essential during the curing period. The temperature should be kept at about 80 degrees or 85 degrees Fah renheit during the curing period and reduced gradually to 55 degrees after the potatoes are cured. Fluctuations of temperature should be avoided throughout the storage period. The potatoes should be carefully graded, defined and packed in neat and attractive packages. Sweet potatoes should never be marketed in bags nor in bulk. Veneer barrels or bushel hampers are desirable packages to use during mild weather and double-headed stave barrels or tight boxes in cold weather. U. S, Makes Big Gain In Trade to South Exports $10,000,000 More Than Pre vious Year—Imports Remain Almost the Same. WASHINGTON, Aug. 9—While trade between the United States and five of the principal South American countries, Argentina, Brazil, Chile. Peru and Uruguay, still 1« in favor of the southern republics, this country made a considerable gain during the past fiscal year. It reduced by $10,- 000,000 the wide margin of difference between its imports from and ex ports to those countries. Imports valued at $187,000,000 are the fame as in 1912. In exports the United States gained, shipping $126.- 000,000 of merchandise this year against $116,000,000 last year. In creases were made in shipments to all countries named, except Argen tina. In the past year Argentina bought $53,000,000 and sold $27,000,000: Bra zil. $43,000,000 bought, $120,000,000 sold; Chile. $16,000,000 bought. $28.- 000.000 »*»ld: Peru. $7,000,000 bought: $10,000,000 sold: Uruguay, $2,000,000 bought, $7,000,000 sold. Auto Exports Grow Forty-fold in Decade Canada Alone Takes Cars, Parts and Accessories Valued at $9,200,- 000 in Year. WASHINGTON, Aug 9.—Automobiles and automobile parts to the value of $40,000,000 were shipped from the United States in the past fiscal vear, as against $1,000,000 In 1903. a decade ago, according to figures by the Bureau or Foreign and Domestic Commerce Of last year’s shipments, $28,500,000 were in finished automobiles. Canada was the largest buyer, with 7.200 cars, worth $0.200.000, while Mng- land bought 4.000, value*! at $3,000,000 I^ess than $2,000,000 worth of automo biles were imported, at an average price of $2,300, while in 1907 more than $4,000,- 000 worth were brought in at an aver age price of $3,400. Chicago Banker, Former Comp troller, Says Administration Act Would Bring Disaster. That the enactment of the admin istration currency bill would be the forerunner of commercial disaster by placing the banking system under the control of politics, is the prediction of Charles G. Dawes, president of the Central Trust Company of Illi nois and formerly Comptroller of the 'Currency. Mr. Dawes Issued a critical review of the chief feature of the bill. He is the first State banker to discuss the measure in detail. “The industry and capital of the country must awaken now to the menace that confronts them in the administration currency bill,” he warns, “and not wait until after they have paid the price of prosperity for the knowledge which experience would bring.” Objections to Bill. His principal objections to the bill are summarized in the following par agraphs: "This plan compelling the national banks to furnish to competitors (the proposed Federal reserve banks) both capital and business, and di vorcing ownership from control by putting these competitors under the control of political appointees, brings the banking system of this country into the situation again from which it emerged after Andrew Jackson, backed by the State banks on one hand and the radical politicians on the other, ruined the Second Bank of the United States and plunged the country into the devastating and ter rible panic of 1837. Says It Will Repeat History. “If this bill la passed our banking system is again projected into poli tics. If one would know' w’hat this means to the business and prosperity of the nation, let him read the finan cial historv of the United States from 1830 to 1840.” “While it is so constructed as to appear on its face less radical in its grant of centralized power than the Aldrich bill, it is, in fact, much more radical in its grants of such power. Such of the advantages of the Al drich bill—as, for instance, the pro visions for elasticity In our currency and for the mobilization of bank re serves—which it seeks to retain, it offsets by other provisions w’hich will entail greater evils than the ones from which w’e now' suffer. Must Furnish Capital. “This bill proposes to compel the national hanks to furnish the capital for a number of Fed ral reserve banks under the ultimate control of gov ernment appointees, w'hich reserve banks, under the provisions of thr* law. become competitors of the na tional banks and State banks. “Besides their capital, it compels the national banks to turn over m these competitors several hundred millions of reser.e deposit—in other words, to contribute to them both capital and business. As the Federal reserve banks pay no Interest on these forced reserve deposits, they will be no mean competitors in th°ir use in open market operations. No Limit to Loss. “No limit is put to the extent of loss which the national banks may suffer on their investment 1n Federal reserve bank stock, but they are lim ited to a 5 per cent return as possible profits. “The Government w’hich has re ceived par for its 2 per cent bonds, deposited by the national banks to secure their circulation, if this law Is passed threatens with loss any national bank which has outstanding circulation and desires to retire from the system. The real reason w’hv no adequate protection against the fall in pric? of the 2s. due to the withdrawal of the currency privilege, is given *3 outstanding holders of them seems to be to make it expe sive for national banks having a large circulation to join the exodus from the national system w'hich will occur if this hill passes into law' in its present form. It 1s not apparently a matter of over sight or carelessness that the interest* of outside holders of 2 per cent bonds •are thus disregarded. IS DIG WELL Cotton Traders Keenly Absorbed in Weather Maps as the Crit ical Month Progresses. MEMPHIS. Aug. 9.—Observing the W’eather map and trying to get a line on its indications is a favorite occu pation for many people in the cotton belt at this time. The occasion for such keen interest is that August is perhaps the most crucial single month of the season, for loss sustained therein is permanent. So far the present month has brought no devel opments of unusual character, but it is a mooted question whether the crop has lost condition enough to be serious. There is no trouble start ing an argument w'hen the question is sprung, and around It has binged in a large measure the fluctuation in the speculative market. The only sources of a crop scare yet have been Texas and Oklahoma, which usually contribute their share of such scares, though rarely failing to have satisfactory crops as a whole. Lack of sufficient moisture is the trouble, and the rains received about the last of last week afforded but par tial relief. They were very welcome and some sections can go for quite a while longer without suffering, but there are large areas which still are suffering and seem to be losing some of their recent promise. Only In the past few days has Oklahoma figured much in complaints, but temperatures have been very high and some sec tions for weeks have not had enough moisture. Part of the wave that was so disastrous to the corn belt reached into the cotton belt and caused de terioration. Weevils Cause Trouble. The central belt has not contrib uted any complaints worth while, most reports having been glowing in character, though the w'eevil sections have been suffering as expected. The recent showers tended to stimulate the pest to renewed activity and to increase their number, and it is feared they will take very heavy toll from the crop. While there was for peveral days fear of the eastern belt getting too much rain for the crop to do Its best, such fears have dwindled since show ers have become less frequent, and it now is felt that without something happening during the next few weeks, and provided there is not early frost, the yield will be ahead of last year by a goodly margin. The market, working down to around 11 cents and a little lower for futures, has not been surprising, in view of the character of advices com ing from trade centers. At the same time it is regarded as significant that the disposition to sell as 11 cents was approached lessened and buying orders increased, indicating a feeling among spinners and others that prices were low enough until more light could be had as to consump tive requirements and probable sup ply. The fact that contract prices were $7.60 a bale under what they were a year ago also acted as a stay against pressure. Spinners May Buy Soon. There is still little light on the im portant question of what spinners are going to do about buying their early supplies. Conditions and other things seem to indicate the probability of them becoming free buyers just as soon as offerings are large enough to interest them, hut Inquiry elicits the information that the forw’ard com mitments by buyers to the spinners are not as heavy as they have been in the past. It may be that the spinners have provided against some of their re quirements by the purchase of Oc tober and December futures, for it has been thought for quite a w'hile that support to the market around the bottom levels was coming from the consumers. Movement of the new crop is not increasing as fast as some predicted, for receipts are much behind two years ago and are very little ahead of last year. The present weather in Texas, however, will force maturity of the crop and hasten movement. James J. Hill has stopped swinging red lights. • • • A taxidermist is now taking care of the trophies recently shot In Af rica by A. Barton Hepburn, chair man of the Chase National Bank and chairman of the Currency Committee of the American Bank ers' Association. Among the ani mals brought down by the hanker are gazelles, elands, wlldbeast, lions, heartbeats, rhinoceros, al ligator and many specimens of horned animals. One of the two lion skins measures 9 feet 8 Inches. • • * Howard Elliott, in addition to run ning a railroad, is a tennis crack. • • • Very amusing was the news that a Vulcan Detinnlng Company di rector who owned outright two shares of stock had solemnly pledged himself to his co-direc tors thus: “I will not sell a single share of my holdings so long as I re main a member of this directo rate.” • • • A member of the party of President Brown, of the National Railways of Mexico, thinks the one thing lacking In the present tangle In the land across the Texas bor der is "personalisme.” In Span ish the word means everything that is included In Anglo-Saxon individuality, personality and in itiative. It is suggested that a citizen of staid Sagamore Hill would consider himself Just the man for the Job. • • • “Honest graft” is universal. Juicy, stalks of Michigan celery bring good prices, but the traffic man ager of a big express company on a trip from New Orleans saw his own unskilled employees eating bread and coffee—and celery. Disbursements For August to Reach Nearly $11,000,000 Payments of Dividends and Interest Show Gain Over Six Months and Year Ago. COAL TRADE PROSPERITY. BIRMINGHAM. Aug. 9.—The semi annual report made up of official and semi-official figures Indicates that the coal production in Alabama In 1913 will go between 18,000,000 and 20.000.000 tons, tons, the largest in the history of the industry in this State. Several of the larger coat mining companies in Ala bama have orders in hand which will warrant the operation of coal mines through the balance of the year. Sav II. S. Loans May Tighten Money Bankers Declare Funds Will Come to New York, and Not Aid Crop Movement. NEW YORK, Aug. 9.—Bank offi cers in the financial district took ex ception to the statement by Senator Tillman that th<*y had ruined the Southern farmer, and in answer to this said loans to the South this spring had been about 60 per cent greater than in the corresponding pe riod last year. One said Government aid might seriously tighten money, as out-of- town bankers who get the money at 2 per cent would 'mmediately pay off New r York loans carrying 5 to 5 1 -*2 per cent, so that the money would find it* way to New York and not meet any commercial or agricultural needs. Another bank head said: “Banks of New York City have loaned more money this year to the South by a good sight than last year This bank, for instance, loaned 50 per cent more to the South than last year. “To-day we loaned $5,000,000 more to our banking correspondents in the South than on the same day last year.” J. S. Alexander, vice president of the National Bank of Commerce, said; “No borrower from the South, West, North or locally has requested loans from the National Bank of Commerce without receiving the fullest consid eration and treatment satisfactory to himself.” No Money to Move Big Canadian Crops Funds Harder to Get Than Ever Be fore—Government Urged to Furnish $10,000,000. CALGARY, ALB., Aug 9.—West ern Canada now faces a peculiar financial situation. With the biggest crops in history, ready for harvest ing in two weeks, money is tighter than ever known here. Newspapers are urging the Domin ion Government to loan $10,000,000 in Alberta either to farmers or by tak ing up provincial or city bond issues. Banks claim they have no funds to loan. Within ten days two daily papers in Alberta have temporarily sus pended publication, expecting to re sume in the fall. English banks are coming to the aid of farmers in mar keting crops. Atchison, Kansas, Must Pay Its Bonds New York Concerns Get State Su preme Court Writ of Mandamus. TOPEKA, Aug 9.—The Kansas Su- f ireme Court has issued an order grant- ng an alternate writ of mandamus against the city of Atchison to make the city pay off the $266,000 of bonds which fell due July 1. and for which no provision had been made to pay. The court was asked to grant the writ by E. D. Levison & Co. and the Columbia Knickerbocker Trust Compa ny. of New York, holders of $70,000 worth of the bond.* A restraining or der against the city making any tax levy unless it Includes a levy for the payment of the bonds was also issued. Under the order of court, Atchison must either pay the bonds in Novem’-er or refund them at the current rates in stead of 4 per cent. BOSTON, Aug. 9.—Estimates of dividend and interest disbursements in August, payable in Boston, are placed at $10,681,336, compared with $10,439,700 six months ago and $S,450,- 900 in August, 1912. Included in the above figures Is the entire amount of dividends payable by the copper companies listed on the Boston Stock Exchange, which in sev eral instances are not paid in Boston, although a large portion is distributed to Boston stockholders. The copper companies paying div idends next month and amounts, w’ith present rate, compared with August in previous year, follow: 1913. 1912. Amount. Amalgamated. .$1.60 $1.00 $2,999,319 Mohawk. . . . 2.00 2.50 200.000 Crief Consol . . .10 .... 87,138 St.Mary’s Min.L. l.oo 1.00 160,000 Miami 50 .60 373,379 Total 03.119,836 Railway Bond Interest. The Boston Elevated Railway Com pany makes the largest bond interest payment next month In the local rail road and street railway group, being called upon to pay $240,040 semi-an nual interest on West Find Street Railway Company 4 per cent bonds .is provided for under the lease; 1n ad dition. the Boston Elevated pays $716,382 as a 3 per cent semi-annual dividend on Its stock, making total payments by the road next month, for interest and dividend, of $954,422. The city of Boston has no interest falling <lu** in August, there being four months in the year when the city pays no interest, namely, August, September, February and March. The State of Massachusetts is called upon to pay $150,500 in interest next month. Light Corporation Dividends. The Boston lighting companies make large dividend payments this month—a total of $858,500, or 19 per cent larger than last year—as follows: 1913. 1912. Edison Company . .$546,000 $468,1 11 Mass Gas Cos. . . . 312,500 250,000 Totals $858,500 $718,111 The classification of estimated pay ments to be made next month fol lows: Interest on railroad bonds. . $850,900 Interest on miscellaneous bonds 1,289,500 Interest on U. R., State and municipal bonds 450,000 Dividends on railroad and street railway stocks. . .. 1,477,500 Dividends on manufactur ing stocks 800.000 Dividends on copper stocks 3,119,836 Dividends on gas and elec tric stocks 1,180,600 Dividends on miscellaneous stocks 1,450,000 Total $10,618,836 Uses Parcel Post To Collect Debts Substitute for Clarke Bill Aimed at New York but Not at the Southern Center. NEW ORLEANS, Aug. 9.—Tbo weekly weather report, issued Tues day, did not entirely confirm the pri vate reports of heavy rains in Texa*. According to the Government, raloa were still needed over large portions of Texas, and in Oklahoma It was stated that, vegetation was suffering from lack of moisture and that gen eral rains were much needed. The weak tone exhibited by Llw-_ erpool, which reopened Tuesday morning after a holiday extending from the previous Friday, encouraged boars to disregard the unfavorable character of the Government weather report. Consequently, prices were hammered rather aggressively after the report came out, and the mar ket closed with October and Decern*.. her contracts selling practically at the level of 11 cents, although middling cotton still holds steady at 12 cents. Continued high temperatures In Texas and Oklahoma Wednesday, with no rains reported or in sight, gavo a better tone to the market, which has since recovered part of the decline established in the early port of the week. Many reports 0/ crop deterioration are coming in from the western belt, and even from Ar kansas reports of damage by the pro longed spell of hot, dry weather have been received. Should reports of this character continue for a few days more, a real crop scare might develop. Fear Clarke Bill. No advance of consequence Is like ly, however, as, wdth the Clarke hill hanging over the market, no bull, campaign can be inaugurated. Con sidering the extent of the short in-, terest that has recently been created, an advance of a cent a pound would be nothing, were the drouth In Texas and Oklahoma to remain unbroken, for another week and were Washing ton to flash out the news that the Clarke bill would not pass. The news received here from Wash ington regarding the Clarke bill la considered more encouraging by local cotton Interests. The plan that lr now r being considered by prominent Southern Senators, among whom Sen ator Hoke Smith and Senator Gore- are numbered, is to amend the Smith bill, w’hich specifies the grades to be delivered on contract and calls for commerical differences. To the Smith bill, thus amended, it is pro posed to add the Clarke amendment as a penalty. Favor* South. In this way, the New York Cotton Exchange would be compelled to com ply with the regulations proposed by the Government, or else that market would be taxed out of existence. The New' Orleans Cotton Exchange, which is only too willing to do business un der the terms proposed by the Gov ernment and has already adopted the Government standard of types, would* thus be able to continue, while New York, being an artificial market, would be practically wiped out of existence. The cotton business of the entire country would thus center In this market. Just as the wheat busi ness centers in Chicago. In anticipation of such an outcome of the proposed legislation at Wash ington, New Orleans Cotton Ex change shares are being quietly sought. Recently a share sold below $1,500, but now $1,500 Is being bid, with no shares offering below $2,000. Can’t Beat“GETS-rr for Corns—It’s Sure Never Tried It Before? You*1t How It Make* Corn* Van I sty. There never was "GETS-IT’’ for oom*. anything like it now. i anrOtlng Iflofe, •. and there Unvt It la the oorxn Keen Kansas Merchant Sends C. O. D. Packages and Gets Money on Stale Accounts. A Kansas merchant has found a new use for the parcel post. When the C. O. D. feature went into effect, on July 1, he hit upon an idea to collect a number of small accounts which he had been carrying for some time, and w’hich had caused consid erable loss during a period of several years. A number of small boxes were ob tained and filled with waste paper, and on the top was placed a receipted bill for the proper amount. A five- cent stamp w'as required for each box, and the C. O. D. fee was 10 cents for each package. The next day the re turns began to come in, and nearly every case the debtor paid the amount, supposing that the package contained something of value, but, of course, not being permitted to con firm this suspicion before opening it. -Oh My. Oh My, What a Refteft ‘GETS IT' Stop* Cora Path# Right Off and Oat* Coro* Every Time.* cure on a new principle^ It so any corn In two ttocooda; It atope pain, the corn begin* to shrivel and disappear*. It never falls Simplest thing you ever saw. No fus*y bond ages, no greasy salves to turn healthy flesh “peaiy’ and raw, no planter* that make corns* bulge out. Yw corns won’t pull and hurt 'way up to your heart I>ay aside your knife *2*9* razor. No more digging and tugging' and wincing, no more bleeding, no more danger of blood poison. ‘GJDT8- IT" never hurts healthy fleSh; it is safe, painless, quick, atm pie. euro. For waris, callouses and bunions, too. ”GKTri-IT” is sold at a11 druggists at 26c a bottle, or sent on receipt of g Hce by E. Lawrence A Co .Chicago. old In Atlanta by Jacobs’ Pharmacy Company. Elkin Drag Company, Coursey & Munn. Guntar-Wotklns Drug Company, E. H Cons, Ittc., Tip- ton m Co.