Newspaper Page Text
12
TTTT: ATLANTA GEORGIAN ANT NEWS.
FLAWS IN THE
New York Banker Says Advan
tages Claimed for New System
Are Distinctly Negative.
CHICAGO, Auk. 22.—Criticism of
the Wilson Administration’s currency
bill, as expressed his afternoon by A.
Barton Hepburn, chairman of the
board of the Chase National Bank of
New York, In an address as chairman
of the conference from the Currency
Committee of the American Bankers’
Association, in session here, may be
summarized as follows:
Bank Control—"The men whose
training and experience would seem
to qualify them for the administra
tion of respective hoards of the Fed
eral reserve hanks are discriminated
against and kept in the minority.
Banks are obliged to furnish the
capital; they are deprived of even
approximate control."
Credit Control—"Although under
the Federal control, banks can loan
to none but the member banks, and
may not be in funds to loan to them,
yet they are required to fix and pub
lish the rate of discount .’’
Sees Ruinous Competition.
Savings Banks—"If compelled to
apportion capital and reserve to
their savings hank business, may it
not induce national banks to give up
that class of business? Is that the
purpose?”
Bank Investments—"For the Gov
ernment to specifically direct banks
to make certain Investments is an
invasion of the held of credit, and
something no other nation has ever
done "
Redemption of Note Issues—"This
provision making the Government
responsible for the notes which the
banks are to issue violates the prin
ciples of economics and contravenes
the experience of the great commer
cial nations."
Reserves—"The requirement that
certain amounts must be kept with
the new regional reserve banks
purely as a reserve will curtail the
loaning power of the absorbing
banks
Regional Reserve Banks—"Will
there not naturally and inevitably
be competition between the regional
reserve hanks, competition between
the twelve sections of the country,
and may we not in the end have
competition for cash holdings be
tween Individual banks added to the
competition of section against sec
tion. reserve bank against reserve
bank ?”
Land Credit Banks Needed.
Mortgage Loans—"One great need
of the country is mortgage or land
credit hanks, but should they not be
separately organized and separately
managed institutions?"
Advantages of Proposed System—
"They are difficult to find and seem
to be of a distinctly negative char
acter. So far as the regional re
serve banks are competitors with
the banks for business, is it not go
ing too far to compel the banks to
contribute one-fifth of their capital
in order to create competition?"
The earnestness with which the
Administration has taken up the cur
rency bill was worthy of praise. Hep
burn said, and he noted the fact that
the subject and the many obstacles
encountered In Its consideration had
rendered the task of accomplishing
legislation very great.
"Our attitude.” he said, ‘Ms and
•hould be one of helpfulness, not hin
drance.”
Directorate Clause
Causes Bitter Fight.
WASHINGTON, Aug. 22—The
Democratic caucus of the House found
Itself in a bitter fight to-day over
the question of prohibiting Interlock
ing directorates in banks under the
new' Glass currency bill. An amend
ment to the bill offered by Represen
tative Neeley, of Kansas, was under
consideration. This amendment was
taken directly from the report of the
money trust investigation commit
tee.
Many prominent Democrats of the
House, while agreeing that there
should be general legislation of some
sort to prevent Interlocking direc
torates said they did not believe the
proposition should be placed In the
currency bill. •
Prof. Albert A. Bell,
Georgia Tutor, Dies
Professor Albert A. Bell, one of
Geoigia’s leading educators, died at
a local sanitarium Thursday. He was
superintendent of schools at Sparta.
Ga. Surviving him are his “vife, two
children, his mother and several
brothers and sisters He was a cou
sin of Congressman Tom Bell, of
Mangum to Run for
Sheriff Next June
Declaring the rumor that he ex j
pected to retire because of ill health ]
Is groundless, Sheriff Wheeler C. j
Mangum announced again Friday
that he will be a candidate to succeeJ i
himself at the elections next June
Sheriff Mangum states that his heal'h (
is as good as he wants it to be, and j
that he . xpects to be in good «ha,i»|
for many years
With Sheriff Vangum In the rac-\ I
It is generally thought that there wlil '
be at least *ur candidates for the of j
e. Friends of l’lennle Miner, chDfj
deputy under the present Sheriff, j
have been urging him to run, and it j
is said he has consented to become a
candidate. John Owens and Drew j
Lydell are also named as possibilities
*n the rac*.
Industry Bureau Is
Good City Booster
Since the establishment of the Indus
trial and statistical bureau of the Cham
ber of Commerce. W H Leahy, seers
tary of the new department, h*s an
swered hundreds of Inquiries from all
parts of the I’nlted States concerning
the advantages of Atlanta Most of
these letters were from manufacturers
looking for a new' location, and efforts
are being made to bring them to this
city.
The letters usually desire Information
as to climate, business conditions, pop
ulatlon, school census, railroad facilities,
hank deposits and clearings and the
weekly payroll of the city. Since he
took the post of secretary of the bu
reau, Mr Leahy has worked hard get
ting together all available information
about Atlanta, and is now in a position
to supply any data requested.
Man-Eating Rooster
Bites 10; Guillotined
LOGANSPORT, IND. Aug. 22.—
Logansport’s famous man-eating
rooster was ordered killed by the
police, and itf* owner, Caslmir
Jablowski, was viciously attacked
and wounder executing the offender.
The rooster had attacked James
Paluhbo, throwing him down and try
ing to peck out his eyes. The child I
turned his head, but the bird gouged
deep holes In the youngster’s neck.
Ten complaints had been made to ]
the police previously about the bird.
‘Bald Jack’ Rose to
Lecture for Church
SOUTH NORWALK. CONN., Aug
22.—Jack Rose, principal witness In
the Ronenthal murder case, will lec
ture for the benefit of Christ Epis
copal Church, his subject being "Life
In the Underworld.” The entire pro
ceeds from the lecture will go to the
church treasury.
Rose’s offer to lecture free was In
reply to an appeal sent out by the
rector of the church, the Rev. J. H.
Brown, which stated that funds were
needed to meet certain obligations.
Slaying Inspired
By French Novel
BALTIMORE, Aug. 22—Julian Ed.
mond, w’ho killed his sister-in-law.
Miss Eleanor Cole, and then shot
himself at his home, was prompted
to do the deed after reading “The
Widow' Lerogue,” one of Emile Oa-
boriau’s novels. It was shown.
When questioned about a letter he
tore up after the tragedy, which re
vealed his relations with his sister-
in-law for three years. Edmond said
he had copied It from the book.
Strange Corpse to
Cross U.S. in an Auto
SAN DIEGO, CAL, Aug 22 -S H
Hambley, a local undertaker, will be
the sole companion of a corpse in a
transcontinental automobile ride from
here to New York Hambley does not
know whose body it is that he is to
drive with across the country. It Is
understood that a wealthy former res
ident of New York made a request on
his death bed that some time his body
he taken back to hts old home in an au
tomobile.
Why is the soda cracker today
such a universal food?
People ate soda crackers in the
old days, it is true—but they
bought them from a barrel or
box and took them home in a
paper bag, their crispness and
flavor all gone.
Uneeda Biscuit soda crackers
Freddy Film
OepTrtftat, 7018 Infc*m«Monal N*wa Serrlr*
See Him Throw the Bull
I GOTTA -SCHEME
T tmipow that ruu I
over this Post
Them put Th' iasso .
HERE WHERE TH'OL'
STEER LI STEP IN IT?
Then »jhen i sat'pull
TOO T*>PTK Boll,SEE?
in Min cone 1
s
better than any ever made before
—made in the greatest bakeries
in the world—baked to perfection
—packed to perfection—kept to
perfection until you take them,
oven-fresh and crisp, from their
protecting package. Five cents.
NATIONAL BISCUIT COMPANY
COLUMBUS.—Workmen are erect-
i ing a new standpipe for the Columbus
i Water Supply Company on Wynn's
Hill. When completed it will be 210
akn«a U rnu ri ct ruut.
[
Proposals of United States and Organizations Going After That
Huerta’s Reply Will Be Given Thousand Dollars in Gold First
to Congress Monday.
WASHINGTON, An*. 22—Wash-
Ington awaits the complete and defi
nite statement of policy which Presi
dent Wilson will give regarding Mex
ican affairs when he p»ends his special
message to Congrefw next Monday.
The President mode no engagements
for to-day and is spending all his
time upon the preparation of this
message, which will include the
Mnerlcan proposals to Huerta
through Envoy Lind and the reply of
Huerta to them.
President Wilson doe» not propose
to lay his hand entirely on the table
in this message and will outline his
future policy toward Mexico in only
the most general terms. It is unlike
ly that any event will intervene be
tween to-day and Monday to cause a
modification of the message, and in
the meantime Envoy Lind has been
instructed not to take any steps
which will cause a change in the
present status.
Secretary of State Bryan was called
Into conference by President Wilson
early to-day in regard to the prepar
ation of the mcMsage to Congress on
Mexican affairs. Secretary Daniels
also conferred with the President.
Pickett Residence Is
Destroyed by Fire
Fire destroyed the two-story frame
house belonging to Smith D. Pickett,
on the Howell Mill road near the cor
ner of Collier avenue, In close prox
imity of the residence of Colonel
Thomas B. Felder, Wednesday.
A defective flue in the kitchen is
blamed. Mr. Pickett was the only
one in the house when the fire started.
He awoke to find the house com
pletely enveloped in flames and his
room filled with smoke. Mr. Pickett
had difficulty in escaping and was
unable to save any personal posses
sions.
Mrs. Pickett is visiting in North
Carolina. The house and its con
tents were partially covered by insur
ance.
GRACE REVIVAL DRAWS.
Revival services at Grace Metho
dist Church are attracting great at
tention. Evangelists J. M. Bass and
O. W. Stapleton are conducting the
services. Cottage prayer meetings are
being held dally. There i6 an after
noon service at 4 o’clock and an
evening service at 8.
OBITUARY
The body of Oscar W. Thompson, No. 19
East Cain street, who died Thursday,
was taken to Macon Friday morning
for interment, following funeral serv
ices at the home He is survived by
his wife, two daughters. Misses Ma
bel and Louise Thompson, and three
sons, L. F. and C. B. Thompson, of
Thompson, Ga., and A. D. Thompson,
of Savannah. Mr. Thompson was
traveling auditor for the Western
Union Telegraph Company. He was a
Knight Templar, a member of the Na
tional Union and a prominent member
of the Second Baptist Church.
The funeral of J. Hugh Williams, the
four-year-old son of Mr. and Mrs.
Harry F. Williams, who died Thurs
day at the residence. No. 22 Haygood
avenue, was held privately at the
grave in eWstview Friday morning.
The body of Mrs. John Carter, who died
Wednesday, was Bent Friday to Tem
ple. Ga., for interment Funeral
services were held at Poole’s Chapel.
W. Lee Richards, a former Atlantan,
died Thursday afternoon at Tucker.
Ga. Surviving him are his wife and
two children; his father, John B. Rich
ards, of Atlanta; three brothers. J. B.
and C. G. Richards, of Atlanta, and
M A Richards, of New York; four
sisters, Mrs. Ida Compton, Misses
Alice, Daisy and Annie Richards, of
Atlanta. The body will be brought to
Atlanta.
Prize in Want Ad Contest.
A dozen or more churches, lodges
and other organizations are in the
game to win that $1,000 in gold of
fered as first organization prize in
The Sunday American and Atlanta
Georgian Want Ad Contest and loy
al members ar© preparing for a live
campaign.
The Introduction of coupon books,
bearing coupons good for classified
advertising, Is proving a great help
to contestants, as they are finding It
easy to sell these convenient books
to friends, neighbors and business
folk. A business man uses many col
umns of American and Georgian clas
sified advertising in the course of a
month, and they are glad to purchase
coupon books from their friends and
pay their bills In these coupons.
Several other organizations are
planning entering the 'contest this
week, and they will have as good
start as any, for the campaign is just
getting under way. That $1,000 in
gold can be used to advantage by anv
church or lodge, for every organiza
tion needs an addition to a building,
a fund for some special purpose, or
has some use for the money. And
even the second prize, $500 worth of
furniture selected by the .winner, is
well worth trying for.
Individuals are enthusiastic work
ers In the contest, too. They have
twenty prizes all their own, besides
the two grand prizes of a five-pas
senger automobile and a double tour
to California. And they do not come
in competition with the organizations.
The Contest Manager is ready to
see all contestants or prospective con
testants in hls offices, fourth floor
Foote & Davies Building, Edgewoo-1
avenue and North Pryor street. He
will supply coupon books and infor
mation to details.
School Head Back;
Urges Enrolling Now
Superintendent of Schools William
M. Slaton has returned from Boston.
New' York and other Eastern cities,
where he has been on hls vacation.
During hls trip he studied school
methods^ of various cities and ob
tained many new ideas, which he ex
pects to apply to Atlanta schools.
With Mr. Slaton’s return he is-
sued a statement requesting parents
to bring their tickets and vaccina
tion certificates to his office in the
Boys’ High School as soon as possi
ble.
I. W. W. Threatens to
Blow Up U. S. Ships
CHICAGO, Aug. 22.—Commodore
Perry’s flagship Niagara to-day was
being towed to Sheboygan, Wis. Later
the historically famous craft will be
taken to Buffalo for a Perry celebra
tion there.
The management of the Chicago
Perry Centennial celebration to-day
said it was not worrying over the
threats of Industrial Workers of the
Work that they would blow up the
Government ships taking part in the
events. The 1. W. W. leaders let!
the strike of idlers who were being
trained to act as “heroes and pa
triots” during the staging of the "Bat
tle of Lake Erie.”
Tammany Man Runs
For Gaynor's Place
NEW YORK. Aug. 22.—Chairman
Edward E. McCall of the Public Serv
ice Conynission to-day decided to ac
cept the Tammany nomination for
Mayor. He so notified Charles F.
Murphy and other Tammany leaders.
Notice also was sent to John F.
Galvin, of the Tammany city commit
tee, who will have charge of the
designation meeting to-morrow.
The Danger of Imitations.
An Ohio druggist writes to “ The Practical Druggist," a prominent New York
Drug Journal, as follows: “ Please furnish formula for Castoria. All the formulas
I have worked with are either ineffective or disagreeable to administer.”
To this “The Practical Druggist” replies: “We do not supply formulas for
proprietary articles. We couldn't if we wanted to. His experience with imitative
formulas is not surprising, but just what is to be expected. When Castoria is
wanted, why not supply the genuine. If you make a substitute, it is not fair or
right to label it Castoria. We can give you all sorts of laxative preparations for
Children, but not Castoria, and we think a mother who asks for Castoria would not
feel kindly toward you if you gave her your own product under such a name.”
No mother with a spark of affection for her child will overlook the signa
ture of Chas. H. Fletcher when buying Castoria.
ALCOHOL 3 PER CENT
AVegelable Preparation for As
simila I ing the Food andRcgtila
ting the Stomachs and novels of
Guaranteed under the Edogar
Atfl mofltks old'
j5 Posts
Promotes Digestion.Chfetful-
ness and Rest.Contalns neither
Opium.Morphine nor Mineral
Not Narcotic.
Jittipt of Old Dr.SAMJELinUlER
flao/Jan Setd“
JLx.Srnna +
Rochtllt Sdtl-
AriseStod *
Ossfru,.
him Seed-
ni/kd Sugar •
—-fkmr.
Aperfect Remedy forConsflpa
ion. Soui- Stomach.Diarrhoea
/Vorras .Convulsioiis.Feverish-
less andLoss OF SLEEP.
Fie Simile Signature of
The Centaur Compart.
NEW YORK.
Exact Copy of Wrapper.
Children Cry For
The Kind You Have Always Bought, and which has been
In use for over 30 years, has borne the signature of
. and has been made under his per
sonal supervision since Its infancy.
Allow no one to deceive you in this.
All Counterfeits, Imitations and “ ,Tust-as-good ” are but
Experiments that trifle with and endanger the health of
Infants and Children—Experience against Experiment.
in use lur over oo
What is CASTORIA
Castoria is a harmless substitute for Castor Oil, Pare
goric, Drops and Soothing Syrups. It is pleasant. It
contains neither Opium, Morphine nor other Narco tie
substance. Its age is its guarantee. It destroys Worms
and allays Feverishness. For more than thirty years it
has been in constant use for the relief of Constipation,
Flatulency, Wind Colic, all Teething Troubles and
Diarrhoea. It regulates the Stomach and Bowels,
assimilates the Food, giving healthy and natural sleep.
The Children’s Panacea—The Mother’s Friend,
GENUINE CASTORIA ALWAYS BEARS
TH* CINTAUR COMPANY, NEW YORK CITY
READ FOR* PROFIT
GEORGIAN WANT ADS
USE FOR R ESULTS
The body of Milas Hollingsworth, who
wan drowned Wednesday night near
Austell, Ga., was brought Friday
morning to Atlanta, and interred at
Oakland Cemetery. Funeral services
were held at the grave.
Coming of
The Sunbeam
How to Avoid Thoao Pains and Dia-
tro»* Which ao Many Mother* Hava
Suffered.
It Is • ill) ni.Tv suit ..sjI Know of Mother 1 a
rrl.ud Here is a ivxneUy that soft#o* the miu-
! 'I#*, enables them to expand without any strain
1 upon the Ugamonta anU enables women to go
through maternity without pain, diiimi, morning
»i.'knea« or ary of the dreaded aymptoma so fa
miliar to many mothers
There Is no fooilsh «U« to harass the mind. The
thought* do not dwell upen pain and Buffering, for
all such are avoided "numnand* of women n«
longer rsal*n thema-Wea to the thought that sickness
and distress are natural They know hotter, fot
in Mother's Friend they have found a wonderful
penetrating remedy to banish all those dreaded
azperlenoes
It la a subject every woman should be faralilai
with, and eren though she may not require aurh •
remedy. she will now and then meet some pros
pective mother to whom a word In time about
Ing Thl* famous remody Is sold by all druigl*‘s
Mother's Friend will come as a wonderful bleae
and la only $1.00 a bottle It l* for externa! ua«
only, and is really worth 1^ weight in gold Writ*
to day to the Bradfleld 114% lator Co., 127 LamaJ
EDGAR DUNLAP INSURANCE AGENCY
INSURANCE AND LOANS
CANDLER BLDG. (Second Floor)
SEMI-ANNUAL STATEMENT ,
For the six months ending June 30. 1913, of the condition of the
Citizens Insurance Company
OF MISSOURI,
Organized under the laws of the State of Missouri, made to the Gov
ernor of the State of Georgia, in pursuance of the laws of said State.
Principal Office—Pierce Building. St Louis. Mo.
I. CAPITAL STOCK.
Whole amount of capital stock $200,000.00
Amount paid up in cash , 200,000.00
II. ASSETS.
Total assets of the company, actual cash market value $819,586.87
III. LIABILITIES.
Total liabilities $819,586.87
IV. INCOME DURING THE FIRST SIX MONTHS OF THE YEAR 1913.
Total income actually received during the first six months
in cash ... $245,964.55
V. EXPENDITURES DURING THE FIRST SIX MONTHS OF THE
YEAR 1913.
Total expenditures during the first six months of the year in
cash ■■■ $271,354.46
A copy of the act of incorporation, duly certified, is of file in the of
fice of the Insurance Commissioner.
STATE OF GEORGIA—County of Fulton
Personally appeared before the undersigned W. R. Prescott, for
Egleston & Prescott, who, being d uly sworn, deposes and says that
they are the general agents of the Citizens Insurance Company of
Missouri, and that the foregoing statement-is correct and true.
W. R. PRESCOTT.
Sworn to and subscribed befol e me this 14th day of August. 1913.
TURNER GOLDSMITH.
Notary Public, Fulton County, Georgia.
Name of State Agents—EGLESTON & PRESCOTT, General Agents?
A -nt- at Atlanta—EDGAR DUNLAP INSURANCE AGENCY.
Telephones: Ivy 3460, 3461
SEMI-ANNUAL STATEMENT
For the six months ending June 30. 1913, of the condition of the
Westchester Fire Insurance Co.
OF NEW YORK,
Organized under the laws of the State of New York, made to the Gov
ernor of the State of Georgia, in pursuance of the laws of said State.
Principal Office—No. 100 William street, New York, N. Y.
I. CAPITAL STOCK.
Whole amount of capital stock $ 800,000.00
Amount paid up in cash 300,000.00
II. ASSETS.
Total assets of the company, actual cash market value ... $5,172,641.46
III. LIABILITIES.
Total liabilities $5,172,841.46
IV. INCOME DURING THE FIRST SIX MONTHS OF THE YEAR 1913.
Total income actually received during the first six months
in cash ... $1,880,928.81
V. EXPENDITURES DURING THE FIRST SIX MONTHS OF THE
YEAR 1913.
Total expenditures during the first six months of the year
In cash $1,769,217.85
Greatest amount Insured in any one risk...$ 50,000.00
Total amount of insurance outstanding .... 601,070.662.00
A copy of the act of incorporation, duly certified, is of file in the of
fice of ihe Insurance Commissioner.
STATE OF NEW’ YORK—County of New York.
Personally appeared before the undersigned John H. Kelly, who,
being duly sworn, deposes and says that he is the vice president of the
W’estchester Fire Insurance Company and that the foregoing statement
is correct and true. JOHN H. KELLY, Vice President.
Sworn to and subscribed before me this 30th day of July, 1913.
EDWIN F. COREY,
Commissioner for the State of Georgia.
Name of State Agent—EDGAR DUNLAP,
Name ol Agents at Atlanta—EDGAR DUNLAP INSURANCE AGENCY.