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nEAKST’S SUNDAY A1IERTCAN, ATLANTA, DA., SUNDAY, AUGUST 10, 1013.
13 D
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
lacks leadership and the recent de
mise of Anthony N. Brady removed
another great figure from the finan
cial galaxy depleted by the deaths
of EJ. 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 elsewhere 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
tnich important matters of business
with so little noise or criticism.
Loyal as Morgan.
“Mr. Brady stuck by his com
panies.’’ said one of his business as
sociates, “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 ci-ce he had given his
word that he would participate. Ho
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 was liberal to the
point where it eventually disarmed
criticism. It was 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 spttling
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.
The company had been exploited
Jn 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 is an important factor
in the rapid transit work 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
pcale. His next enterprise was 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 Gas 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
trtudy of chemistry as applied to the
manufacture of gas and finally
adopted the Do Mote plan. To make
the improvements he needed addition
al capital, so he took his plans to
Roswell 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.
He went into the oil business and or
ganized the Manhattan Oil Company,
of I ima. Ohio selling Its output to
the Chicago Gas 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 oft'
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 is 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 pptato 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 per cent for the
country as 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,
Mississippi, Virginia. South Carolina,
Louisiana, Texas. Tennessee, Arkan
sas, Florida and Kentucky.
The increase which 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 u*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 as 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
three-fourths greater than it was in
1899; in the West South 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
acre, 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
sw r eet 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 stra.vberry, 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 aonount 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
sweet 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,
i “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 sweet
potatoes. It is well known to every
grower of sweet 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 South. 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 water in its makeup.
It is for the purpose of giving the
farmers who grow sweet potatoes a
practical, workable storage plan that
the bulletin referred to has been Is
sued.
Many Potatoes Spoil.
The writer says 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 says that the
only safe and practical method ot
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 Beet 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 heavv 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 wainscot
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
should 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
windows 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. Where glass
windows are used, outside shutters
should be employed. It is needflul
that there should be one or more glass
windows to admit light, while working
inside in the winter. Ventilators in
the roof must also be provided with
coverings to keep out the cold.
The bins should have movable
floor?, made of slats one inch thick
and four wide, leaving one inch space
between each slat. The same is true
of the walla 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
?pa( e should be left in the walls and
the bins to admit of the circulation of
air. In slatting up the bin?, 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 i?
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. If
moisture collects on the wall or ceil
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 a? 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 free 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 the sweet potato has
increased about 80 per cent in the
last ten years. With methods of stor
ing and marketing the present value
could he 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 while 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 ^arefully
graded, cleaned 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.
iSTEIIN BELT
DRY; El
IS
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
:ontrol 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.
Ilis 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 is passed our banking
system is again projected into poli
tics. If one would know what this
means to the business and prosperity
of the nation, let him read the finan
cial history 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 which will
entail greater evils than the ones
from which we now suffer.
Must Furnish Capital.
“This bill proposes to compel the
national banks to furnish the capital
for a number of Fed ral reserve banks
under the ultimate control of gov
ernment appointees, which reserve
banks, under the provisions of the
law. become competitors of the na
tional banks and State tanks.
“Besides their capital, it compels
the national banks to turn over to
these competitors several hundred
millions of reserve 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 opon market operations.
No Limit to Loss.
“No limit is put to the extent of
loss which the national banks may
suffer on their investment in Federal
reserve bank stock, but they are lim
ited to a 5 per cent return as possible
profits.
“The Government which has re
ceived par for its 2 per cent bonds,
deposited by the national banks to
secure their circulation, if thlR law
is passed threatens with loss any
national bank which has outstanding
circulation and desires to retire from
the system.
•The real reason why no adequate
protection against the fall in pric a
of the 2s, due to the withdrawal of
the currency privilege, is given
outstanding holders of them seem? to
be to make It expe s1ve for national
banks having a large circulation to
join the exodus from the national
system which will occur If this hill
passes into law in its present form.
It is not apparently a matter of over
sight or carelessness that t'.»e interests
of outside holders of 2 per cent bonds
are thus disregarded.
Cotton Traders Keenly Absorbed
in Weather Maps as the Crit
ical Month Progresses.
MEMPHIS, A tig. 9 -Observing the
weather 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 when the question
is sprung, and around it has hinged
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 u 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 qotton 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 weevil 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 several 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 $7.50 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, but inquiry elicits the
information that the forward 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 while
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.
Young Morgan is said to be “grow
ing” wonderfully.
• • •
James J. Hill has stopped swinging
red lights.
• • •
A taxidermist is now taking care of I
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 banker
are gazelles, elands, wildbeast,
lions, heart beasts, rhinoceros, al
ligator and many specimens of
horned animals. One of the two
lion skins measures 9 feet 8
Inches.
• • •
Howard Elliott, Jn addition to run
ning a railroad, is a tennis crack.
• • •
Very amusing was the new? that a
Vulcan Detlnnlng 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 “personallstne." 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 J )b.
• • •
“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.
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 is 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 pold; 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 year,
as against $1,000,000 In 1903. a decade
ago, according to figures by the Bureau
of 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 $o,200,000, while Eng
land bought 4.000, valued at $3,000,000.
Less 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.
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 coal mining companies in Ala
bama have orders in hand which will
warrant the operation of coal mines
inrough the balance of the year.
Say TJ. 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 they had ruined the
Southern farmer, and in answer to
this said loans to the South this
spring had been about 50 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 gel the money at 2
per cent would Immediately pay off
New York loans carrying 5 to 5 1-2
per cent, so that the money would find
its 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 u
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 end treatment satisfactory to
him.self.”
BOSTON, Aug. 9.—Estimate? 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 $8,450.-
900 in August, 1912.
Included in the above figures Is the
entire amount of dividends payable
by the copper companies listed on tha
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, with
present rate, compared with August
in previous year, follow:
1913. 1912. Amount.
Amalgamated. .$1.50 $1.00 $2,999,319
Mohawk. . . . 2.00 2.50 200,000
Orief Consol . . .10 .... 87,138
St.Mary’s Mln.L. 1.00 1.00 160,000
Miami 50 .50 373,379
No Money to Move
Big Canadian Crops
Funds Harder to Get Than Ever Be
fore—Government Urged to
Furnish $10,000,000.
Total 03,119,838
Railway Bond Interest.
The Boston Elevated Railway Com
pany make? 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 End Street
Railway Company 4 per cent bonds .is
provided for under the lease; in ad
dition, the Boston Elevated pays
$716,382 as a 3 per cent semt-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 due 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 . .$516,000 $468,111
Mass Gas Cos. . . . 312,500 250,000
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.
Totals $858,500 $718,
The classification of estimated pa
ments to be made next month f
lows:
Interest on railroad bonds. . $850,1
Interest on miscellaneous
bonds 1,289,1
Interest on U. S., State and
municipal bonds 450,1
Dividends on railroad and
street railway stocks. . .. 1,477,!
Dividends on manufactur
ing stocks 800,1
Dividends on copper stocks 3,119,!
Dividends on gas and elec
tric stocks 1,180,1
rr» I ar**11 n n pn 11 ft
1,450,<
Dividends on miscellaneous
stocks
Total *10,618,836
Uses Parcel Post
To Collect Debts
Atchison, Kansas,
Must Pay Its Bonds
New York Concerns Get State Su
preme Court Writ of
Mandamus.
Keen Kansas Merchant Sends C. O.
D. Packages and Gets Money
on Stale Accounts.
TOPEKA, Aug. 9.—The Kansas Su-
f treme 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. Levlaon & Co. and the
Columbia Knickerbocker Trust Compa
ny. of New York, holders of $70,000
worth of the bonds 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 November
or refund them at the current rates in
stead of 4 per cenL
Substitute for Clarke Bill Aimed
at New York but Not at the
Southern Center.
NEW ORLEANS, Aug. 9.—TT>«
weekly weather report, issued Tues
day, did not entirely confirm the pri
vate reports of heavy rains in Texa*.
According to the Government, rain?
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 Liv
erpool, which reopened Tuesday
morning after a holiday extending
from the previous Friday, encouraged
bears 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 Decem
ber 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,
gave a better tone to the market,
which has since recovered part of
the decline established In the early
part of the week. Many reports of
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 day*
more, a real crop scare might develop.
Fear Clarke Bill.
No advance of consequence Is like
ly, however, as, with the Clarke bill
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 is
considered more encouraging by local
cotton Interests. The plan that is
now being considered by prominent
Southern Senators, among w hom Sen
ator Hoke Smith and Senator Gore
are numbered, Is to amend the Smith
bill, which specifies the grades to
be delivered on contract and calls
for oomrnerical differences. To the
Smith bill, thus amended, it is pro
posed to add the Clarke amendment
as a penalty.
Favors South.
In this way, the New York Cotton
Exchange w’ould 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 w'heat 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-ir
tor Corns—It’s Sure;
Never Tried It Before? Yevfft
How It Make* Corn* V«nl
There never was
“GETS-TT" for ooroa,
anything like it now.
!«H
i anything Hlnfe
a. and there larrTty
it is the oon,
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 which 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 flve-
cent stamp was 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 qpening it.
“Oh My, Oh My. What • Reitefl
‘GETS-IT' Stops Corn Right
Off aiui Gets Corn* Bv*ry Time.*
new principle. Fut it
“a; it et
two 8*ooD<la; It etopi
,rn begin* to shrivel a
It never fall*. Sim pi
cur* on
any corn In
I tain, the coi
disappear*.
thing you ever saw. No rusey baj
ages, no greasy salves to turn healthy
flesh “peeiy” and raw, no plaster*
that make com* bulge out. Your
corn* won’t pull and hurt ’way up to
your heart. Lay aside your knif* and
razor. No more digging and tugging-
and wtnelag, no more bleeding, no !
more danger ot blood poteen. “GETS- .
IT*' never hurts healthy flesh; it ia
safe, painless. quick, simple, but*.
For wart*, callouses and bunions, to*.
“GBTB-IT 1 * is sold at all druggist*
at 35c a bottle, or sent on receipt of
price by E. Lawrence & Co.. Chicago.
Sold In Atlanta by Jacobs' Pharmacy
Company, Elkht Drug Company,
Courser & Munn. Gunt«r-Watkln*
Drug Company, E. H. Con*, Inc., Tip-
ton A Co.