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BANKS TO IGNORE MONEY
OIL if IT PISSES IIS IT
"Very few national banks, and no
State banks at all, will/submit to tha
provisions of the Owen-Glass curren
cy bill if Congress makes it a law in
its present form," Robert F. Maddox
asserts.
Mr. Maddox, vice president of the
American National Bank, represented
the Atlanta Clearing House at the
Chicago conference of the American
Bankers’ Association, which agreed to
fight the Administration program as
now drafted, and to advocate amend
ments which change radically its fun
damental clauses.
He was a member of the committee
of twelve which drafted the resolu
tions embodying the bankers’, views
of what the new currency bill should
be, and he is one of the seven com
posing the committee which will pre
sent the bankers’ case before Con
gress.
"The banks present a solid front."
said Mr. Maddox Monday morning.
"The resolutions were adopted with
out a dissenting vote. I base my be
lief that the bill in its present form
can not succeed on such reports as
that of the president of the Wiscon
sin Bankers’ Association. He polled
the 300 national bartks in his State.
Only two replied that they would do
business under \hc Owen-Glass bill.
New Plan Needs Friends.
"The sense of the meeting, boiled
down, is that the new currency bill,
in order to succeed, must be drawn
so as to warrant the hearty co-opera- j
tion both of the national and the
State banks, for the reason that the |
entire capital of the regional reserve
banks is required to be subscribed by
thp banks, and unless the provisions
of the bill.are attractive, the banks
will not subscribe voluntarily.
"Keen resentment has been aroused
•by the prospect of being forced to
comply with the new’ law under pen
alty of forfeiture of charter. The
banks think this not only is ill ad
vised. but also illegal.
"These are the most vital changes
recommended bv the most represen
tative gathering of hankers I ever
have seen:
"1. That the board of control ’>e
composed of th^* Secretary of the
Treasury by virtue of his office, three
members named by the President and
three to be selected by the banks—*
"Instead of four Cabinete members
and three other presidential ap
pointees. We still would allow the
President a majority and would re
move the restriction as to party affil
iations of members.
Fewer Reserve Banks.
"2. That there be five regional ro,-
sorve banks—
"Instead of twelve. We believe this
-will result in greater mobility of re
serves.
"3. That the currency be issued by
the regional banks—-
"Instead of by the Government,
leaving the Government unincum
bered in the possible contingency of
war or other emergency.
•4. That t^je gold reserve be 40 per
cent —
“Instead of 33 1-3 per rent.
"5. That farm loans be allowed io
run one year—
"Instead o' line months.
"fi. That the dividends paid stock
holders by regional banks be 0 per
cent—
"Instead of 5 per cent.
"7. That subscriptions to the re
gional bank required from members
be 10 per cent of their capital, 5 in
cash. 5 on call—
•instead of 20 per cent.
Prejudice a Handicap.
• We realize that the^ bankers are
handicapped by a prejudice which has
been stirred up against them, a preju
dice which they believe unfounded,
since the very life of the banker de
pends upon the real prosperity of the
nation. We believe, however, that
Congress and the public will agree
that the co-operation of the banks
is necessary to the success of any
currency plan. We think no man m
the House or the Senate worthy to
be there would wish to force a bill
through without giving a hearing to
those most concerned, the bankers,
who necessarily must he more patri
otic in their purposes than at present
they are supposed to be.”
No date has been set for the com
mittee’s trip to Washington. Jam??
B. Korgan, president of the First Na
tional Bank of Chicago, will issue
the call.
The bankers’ congress consisted of
the president of each bankers’ State
association, the monetary commis
sion of the national body and one
representative from each of 175 clear
ing house associations.
Money Eill Will Pass
House As It Stands.
WASHINGTON. Aug. 25.—Informal
conferences of Democratic members
of the House Currency Committee
emphasize the fact that the active
supportesr of the President’s cur
rency plan expect to put the measure
through the House without substan
tia! change.
The amendments proposed by the
bankers, it is pointed out. were all
considered in detail when the bill was
originally prepared and in the long
debate over its provisiosn in the
House Committee on Banking and
Currency.
Thb proposal to reduce the quantity
of reserves and give country * banks
the privilege of keeping part of their
reserves in the large cities had many
supporters and ultimately may be
worked into the bill In the Senate,
but the change is not expected in the
House.
The bankers will have an opportu
nity to present their views openly to
Congress after the currency bill gets
into the Senate. Chairman Owen, of
the Senate Currency Committee, said
that while hearings had not yet been
arranged, he expected leading repre
sentatives of the various "factions”
amongst the bankers of the country
would be invited to give their views
of the bill to the Senate committee.
The fact that leading bankers hold
differing views of the effect of the
new legislation, particularly with re
gard to the possible reduction of
loans and curtailment of credit, ha-'
led members of the Senate commit
tee to hope that a further discussion
of the bill at open hearings would re
sult in the co-operation and support
of a large portion of the banking fra
ternity of the country.
In the opinion of Democratic lead
ers. the paMt week saw greater prog
ress toward united support of Pres
ident Wilson’s legislative policies
than any recent stage of Congress
activity. The entrance of Secretary
Bryan as the whole-hearted advocate
of the administration currency bill, in
his letter read in the House caucus:
the united front presented by the
Democratic leaders of the House
against amendments to the currency
measure, and the complete success of
the Senate Democrats in supporting
the free sugar and other contested
points of the tariff bill, have ad
vanced the two big reforms a long
way toward completion, it Is claimed.
Chairman Simmons, of the Senate
Finance Committee, predicts the Sen
ate could complete the tariff bill and
pass it by September 5, and the
measure could be flnls^d by the con
ference committee and signed by
President Wilson by September 16
Only unforeseen delav In debate will
prevent the tariff bill from becoming
a law by that time, in the opinion of
Senator Simmons.
Militants Set Fire to
Big Farm Buildings
Special Cable to The Atlanta Georgian.
LONDON, Aug 25.—Thousands of
dollars damage was done in Surrey
to-day by incendiary fires set by mil
itant suffragettes. The women set
lire to several farm buildings on big
estates and all were destroyed with
their contents Constables who In
vestigated learned that three women
had been seen in an automobile in
the neighborhood of the fires. They
were believed to have ridden from
London.
“Do not forget that women want to
vote," "as printed on one placard left
at the ruins.
Mrs. Grace’s Former
Maid ‘Ripper’ Victim
Martha Rufflen. a negress. at one time
a maid for Mrs. Daisy Opie Grace and a
witness in the latter’s tria., was found
dead Sunday with a single knife wound
in her throat, in the rear of No. 59
Ponce DeLeon avenue, where she had
lived for a short time.
The negress had been separated from
tier husband, who also was a witness
in the Grace trial. The crime is a com
plete mystery to the police. Alex Smith,
p negro, is being hunted. The murder
was committed ir. the regular “Jack the
Ripper" way and is the twenty-first
slaying of this kind in the last three
years.
Hague Asks U. S. Not
To Fortify Canal
Special Cable to The Atlanta Georgian.
THE HAGUE. Aug. 25.—President
Wilson’s Mexican policy and the for
tifications of the Panama Canal were
the topics« of discussion at the clos
ing session of the Universal Peace
Congress.
The Congress recorded a further
appreciation of President Wilson's
attitude toward pacificism and order-
pi that Its thanks be communicated
by cable to him.
The Congress adopted a motion
asking the United States not to for
tify the Panama Canal.
ATLANTA BANKER WHO
SCORES MONEY BILL
ROBERT P. MADDOX.
SEE TITLE FOR
California Player Looked Upon as
Certain Victor in National
Championship Watch.
NEWPORT, R. I., Aug. 25.—When
play began to-day in the semi-finals
of the National Tennis Tournament.
Maurice McLoughlin, the red-headed
Californian, was regarded as a cer
tain victor in the final match for the
national championship.
Despite the fact that the thre*
other men beside McLoughlin who
hAve survived the elimination battles
to dale are among the most wonder
ful net players In the history of the
game, it is felt that not one of them
will be able to cope with the Western
wizard.
Wallace J Johnson, the Pennsyl
vania champion, and member of the
victorious Davis cup team, and Nor
ris Williams, another Davis cup play
er, and Nathaniel W. Niles, the Mas
sachusetts State titleholder, are the
men left in the tournament together
with McLoughlin.
The Californian was to play
against Johnson and Niles against
Williams in the semi-finals to-day.
The winners of these matches will
meet to-morrow for tlm title.
Policeman Shot as
He Peers on Youth
Calling on a Girl
R. E. Maner. 20 years old, of Gil
more Station, is held a* police head
quarters to-day on a charge of assault
with intent to murder for shooting
Patrolman C. F. Preston when the
latter looked into a window of a
hi^ise at No. 42 Kennedy street, where
Maner was calling on Miss Lemmii*
Hollingsworth.
According to Preston, he and Pa
trolman Cochran had gone to th ?
Kennedy street address to meet
Claude Leat’nerwood. No. 4 4 Kenn- 1 -
dy street, who told the officers that
the conduct of a young man and a girl
had offended his family. Preston went
to a front window an placed his face
against the glass. Cochran heard a
shot and ran to the front of the hous - *,
where Preston told him he had be^n
shot.
Maner was seen advancing to the
front of the house with a r i volver in
his hand and was arrested. He de
nied the report of offensive condutT
and said he fired because he saw men
looking into the window on numerous
occasions.
2 Counties Fight for
Power Company Tax
JACKSON, Aug. 25.—Judge R. T
Daniel's Injunction order restraining
Butts County from collecting certain
taxes returned by the Central Geor
gia Power Company, the proceeding
being brought by Jasper County, is
of much interest here. The matter
will be argued before Judge Daniel
on September 6.
Jasper County contends that five-
eighths of the dam is located In that
county, while the power company re
turns its property in Butts County
for $750,000 and its lasper County
property for $100,000.
Tin
IS
SUNDAY SCHOOL CONVENTION.
DUBLIN.—-The I *a lire ns County
Sunday School convention will meet
with Mount Zion Church, several miles
from this city, Thursday and Friday.
A general meeting of the association
will be held Friday, Saturday and
Sunday with Pleasant Hill Church.
JACKSON PUBLIC SCHOOLS.
JACKSON.—The Jackson public
schools will open on September L
Addresses will be delivered by Dr.
James Bradley, of the Presbyterian
Church, the Rev. M. S. Williams, of
the Methodist Church, County School
Superintendent C. S. Maddox and W.
1*. Martin, city superintendent.
Join With Europe in Backing
President Wilson’s Attitude To
ward Pugnacious HuerttE
WASHINGTON. Auk. 25.—Several
nations of South America have seized
an opportunity to even up old scores
with President Huerta by Joining
with the United States in its attitude
toward Mexico.
The present political situation is
said to be the first on record in
which Latin America has turned
against one of Its chief members and
espoused the cause of the United
States in a controversy concerning
It in a vital way.
Huerta has given offense to sev
eral of the larger nations of South
America by adiplomatlc aggressive
ness he hssumed shortly after he de
posed President Madero.
When President Wilson delivers his
address on the Mexican question to
Congress to-morrow he will be
spokesman not only for the United
States, but practically for the entire
civilized world. Through his frank
interchanges of views with the Euro
pean and Latin American Govern
ments in the presentation of his pro
posals, the President nas won sup
port in unexpected quarters.
There still is a last chance tha*
this message will not bedelivered and
Washington to-day is watching the
telegraph wires to Mexico City. If
Huerta sends word that he has re
considered his rejection of the Ameri
can proposals and wishes to renew
negotatiations with Lind, there is a
possibility that this me-sage will not
go to Congress.
However, President Wilson’s pro
gram will not he changed unless
Huerta5s not amounts to at least a
part acceptance of the American pro
posals.
Until a short time ago, scarcely
one person in a thousand had
ever tasted a really good soda
cracker—as it came fresh and
crisp from the oven.
How everybody can Imovr and
enjoy the crisp goodness of
fresh baked soda crackers with
out going to the baker’s oven.
Uneeda Biscuit bring the bak
ery to you.
A food to live on. Stamina for work
ers. Strength for the delicate. Give
them to the little folks. Five cents.
NATIONAL BISCUIT COMPANY
Two Others of Crowd, Wounded
by Young Kentuckian, Are
Caught by Bloodhounds.
Gamblers in Panic as
N, Y. Police Open War
NEW YORK, Aug. 25.—The gam
blers of Gotham were terror stricken
to-day when they learned that Police
Commissioner Waldo had started a
crusade against them and that he
had issued orders to close every gam
bling place in the city. Waldo has
taken personal -charge of the crusade
and as the first step he made a tour
of the Tenderloin.
He found conditions there bad and
he stripped the shields from two
members of the gambling squad of
j Deputy Commissioner Neuberger.
Burglars Loot and
Fire Way cross Home
WAYCROSS, Aug. 25.—Caught 'n
his room on the second floor of the
home of George W. Barnes, Josepn
M. Greene, an Atlantic Coast Line en
gineer. was forced to Jump from a
window' to escape from a fire that
was started by burglars in a down
stairs closet.
Two children, Mack Barnes. Jr., of
Charlotte, and George Festerman, of
Waycross, who were asleep in the
room where the fire sia.ied, were res
cued by Mr. Barnes.
The loss, including stolen jewe'-
ry, is estimated at $3,000.
Wants a ‘Parthenon’
In Woman's Honor
WASHINGTON. Aug. 25.—Senator
Jones, of Washington, offers a bill
setting aside a space in the pro
posed plaza, between the Capitol and
the Union Station, solely for statues
and memorials to \(omi n. He would
have it known as the "Parthenon.”
"I oppose they’ll be erecting
statues to the inventor of the bloom
ers and the latter-day 'slit skirt.’ ”
sneered a dyspeptic anti-suffragist
House member
German Prince May
Be King of Albania
Special Cable to The Atlanta Georgian.
BUCHAREST, Aug. 25.—It was re
ported in diplomatic circles here to
day that Prince William of Wied, of
the German nobility, has been select
ed by the powers to be King of Al
bania.
He is a nephew of Queen Carmen
Sylva of Roumania and was once
jilted by Queen Wilhelmina of The
Netherlands.
G, A. R. Commander
Visits Chattanooga
CHATTANOOGA, Aug. 25.—Gener
al Alfred B. Beers, commander-in
chief of the Grand Army of the Re
public, arrived in Chattanooga this
morning for a final conference with
the local reunion committee in regard
to the national encampment, which
opens September 18. He will remain
several days.
LEXINGTON, KY, Aug. 25.—At
tacked by a mob at his home, Mil
lard Mastin. 21 years old, shot and
killed William Dayton, aged 40 years,
at Mount Olivet last night while
Dayton was leading a mob to cap
ture him. . t
Last Tuesday Mastin was acquitted
of the charge of a crime against his
young sister and last night a mob
formed to takt* the law into their
own hands. The mob gathered at
his home, broke down the door, and
proceeded to enter. He fired a sin
gle-barreled shotgun at them and
wounded two of the members, but
this did not stop them from entering
the house, led by Dayton. As Dayton
tried to grab him. Mastin fired again
kiliing him.
Mastin was later caught by blood
hounds.
ERIE STRIKE ZONE QUIET.
ERIE, PA.. Aug. 25. The strike
situation was quiet in Erie to-day.
Members of the State police were pa
trolling the industrial districts of the
city and there appeared to be no in
dication of trouble.
Imitated Turkey;
Shot by Comrade
SYLVA NIA, Aug. 25.—John O.
Mathews, of this place, was shot
through mistake by Captain A. H.
Wagnon, of Augusta, while they were
hunting and fishing on Briar Creek.
They heard a flock of turkeys near
by. left the boat and became sepa
rated.
Mr. Mathews began imitating the
call of a turkey, and did it so well
that he fooled his friend, who crept
upon him and when within about 40
yards fired, Ailing his chest, neck
and face with No. 6 shot. Shot en
tered each eye. and it is believed that
he will lose his sight.
Barrow Collector
Of Savannah Port
SAVANNAH, Aug 25.—David C.
Barrow expects to become collector
of the port of Savannah some time
to-day.
His taking charge, however, will
be contingent upon the arrival of his
commission from Washington. He
sent his bond and other qualifying
papers to the Treasury Department
last week. As soon as the commis
sion comes Barrow will be checked
in and Collector W. R. Leaken will
retire.
II CS. C. V U1HR
Established 1865
( HZ'S. F * HIT* I R
Jailbreakers' Note
Says They'll Return
SELMA, ALA., Aug. 25.—Cyrell •
Case, John Jackson and W. H. Thom
as, all charged with felonies, brok**
jail yesterday and are still at largo.
This is the second escape of these
men.
A sheriff's posse is making a search
for the fugutives. They left a note
in which they said they would r- -
turn in time for trial.
Butts County Loses
12,000 Acres of Land
JACKSON. Aug 25. - The Butts |
Uounty Grand Jury, which adjourned J
last week, wants to know what has
become of 12.000 acres of lu^^.
In 1878, it is pointed out in the
general presentments, the County re
turned 124,000 acres of land for tax i
tion an 1 t h At in 1912 but 112,000 1
acres was returned. There was an
Increase of about 5,000 acres this
year over the returns of 1912.
Bishop of Natchez
Received by Pope
Special Cable to The Atlanta Georgian.
ROME. Aug. 25.—Pope Pius has
received In private audience John Ed
ward Gunn, Bishop «©f Natchez, who
was greet»*<i most cordially.
Bishop Gunn was formerly pastoi
of Sacred Heart Church, Atlanta.
Whitner& Company
INSURANCE
Ft RE—TORNADO—HA!L—AUTOMOSS L£
Losses Promptly Adjusted and Paid
GRANT BUILDING
SEMI-ANNUAL STATEMENT
For the six months ending June 30, 1913. of the condition of
Tiie Livsrpoa! & London & Globe Ins, Co,
OF NEW YORK,
Organized under the laws of the State of New York, made to the Governor
of the State of Georgia, in pursuance of the laws of said State. Principal
office, 80 William street. New York. N. Y.
I. CAPITAL STOCK.
Whole amount of cap'tal stock $20n,00o.oo
Amount paid up in cash 200,000j)0
II. ASSETS.
Total assets of the company, actual cash market value $968,555.07
III. LIABILITIES.
Surplus beyond all liabilities , .. $477,430.72
Total liabilities $968,555.07
IV. INCOME DURING THE FIRST SIX MONTHS OF THE YEAR 1913
Total income actually received during the first six monihs ih
cash $148,960.64
V. EXPENDITURES DURING THE FIRST SIX MONTHS OF THE
YEAR 1913.
Total expenditures during the first six months of the year in
cash $120,445.26
Greatest amount insured in any one risk $ 7,500.00
Total amounl of Insurance outstanding 40,194,466.00
A copy of the act of Incorporation, duly certified, is of file in the office
of the Insurance Commissioner.
STATE OF NEW YORK—County of New York.
Personally appeared before the undersigned George W. Hoyt, who, be
ing duly sworn', deposes and says that he is the secretary of The Liverpool
& London & Globe Insurance Company of New York and that the
foregoing statement is correct and true. GEO. W. HOYT.
Sworn to and subscribed before me this 15th dav of August. 1913.
WM. E. RAMEY.
Notary Public New York County.
Name of State Agent- B. P. WALKER.
Name of Agents at Atlanta—WHITNER & CO.
25 Per Cent Discount
on Rubber Hose.
Special Prices on all
Screen Doors and Windows.
ENA M
n
All of these goods are from our regular stock, and all are first quality enameled ware.
None of them are factory seconds or factory job lots. They are all priced at, and many be
low, actual cost.
Rules of the sale, cash only.
None delivered unless purchase amounts to $1.00 or more.
All white chamber Pill; regu
lar price $1.50: this sale 74c
Blue and white Preserv rg Ket
tle: regular price $1.25; this
sale 77c
Blue and white Straight Ket
tles; regular price $1.25; this
sale 77 c
All white Tea Pot, regular price
85c; this sale 42c
Blue and white Pie Pans; reg
ular price 20c; this sale 7c
Blue and white Jelly Cake Pans,
regular price 20c; this sale 7c
All white Wash Basin ^.regular
price 35c; this sale 17c
All white Dairy Pan! regular
price 40c ;this sale 23c
All White Dairy Pan; regular
price 40c; this sale 23c
Blue and white Mixing Bowl;
regular pr cc 60c; this sale 32c
Gray Enameled Dish Pans—
’This
Size. Regular. Sale.
10-quart 35c 17c
14-qi'art 40c 19c
17-quart 50c 21c
21-quart 65c 23c