Below is the OCR text representation for this newspapers page.

10 D II KARST'S SUNDAY AMERICAN. ATLANTA, GA., SUNDAY, DECEMBER M, I OB!. News and Views by Experts of Finance, Industry, Crops and Commerce $23,181,545,433 Is Total of Banking Resources in U.S. NEW ERA OE MAY EXPLAIN LACK OF i Canadian Pacific Ready for Big 'Melon' Automobiles Given as One Instance of a Luxury Which * Has Made Families, Long Thrifty, Into Spenders of Their Whole Income. NEW YORK. Dee 13. The United Shite* used to save from *,>00.000,000 to $750,000,000 a year. The United States now spends for automobile^and autoinobil- ing at least $750,000,000. Does this throw any light, on the unprece dented lack of demand for investments and the consequent grave shrinkage in the market islue of securities? Money, you know, must be saved before it can be invested. The individual who spends all he earns can not buy one share of stock or even a $100 bond. How many persons, how many families do vou know, or know of, who used to live eeonom ieally and bank a nice little sum every year, who now support an automobile that, costs any where from $000 to $6,000, and entails an up keep expense of several hundred or several thousand dollars each year? Obviously these people can not both spent save it. Reflect for a moment,—or, bet- j ter still, an hour—and see if you <an not trace direct connection between this new orgy of expen diture and the absence of buyers of bonds, stocks and mortgages. | new If we have an entirely new expense a,count of >750,000,000 annually, is it not reasonable to flsure that this must cut into the sum available for lmestment or for putting the savings in the bank? Condition Worldwide Remember, also, that similar con ditions have arisen all ov er the world. Mv mind was drawn to this whole subject by "sn upstate fanner." to use his own phrase, Winfield T. Sher- v ood. of Sidney, N. Y. "We who live in villages and know * very body and their antecedents," he .aid sagely, "get closer to one ftn- ■ tl.er than you New Yorkers We know aboutjiow much each family is | By Segregation Scheme $75 a Share Will Be Allotted to Investors. MONTKKAL, Dee. 13 Directors will announce their financial plans for If* 14 1 within the next fortnight. The various departments, such as ' steamships, land hotels, sleeping, din ing and observation cars, will be segre gated, it is learned, and each separately Incorporated. Stock in each concern will be allotted to shareholders, which .will mean a "melon" of about $75 per share Conductors Well Paid as Professors Average Dividend 11.4 pared to 11.01 in J er cent in 1913, Coin- Previous Year. (1 tlieir money ;md t rth. how Touch it earns, how muon ii spends and how much it saves. Now, I find that most of our people who used to save from $500 to 42.500 i year, and cither buy a local mort gage. deposit In a bank, or invest in bonds or stocks, now own an automo bile. Most of what used to be invest ed has gone Into automobiling during the last >ear or two. This change In our local life set me thinking.'’ Intere*ting Deductions. And I venture to sav tliat his think ing and his deduction will Interest >ou The world has been prosperous.' h«* said, “beyond ordinary. Business everywhere has been good. Vet se- « urities everywhere have been declin ing. French ^Government bonds fell to the lowest price ever recorded. Puz zled security holders have thought of the Balkan war, the political change, the tarifr. the currency bill. Mexico, and the governmental attitude toward large corporations But have any of the causes named seemed sufilclent to • xplain why last year's great crops •faded from wight, without giving a few days’ stimulus to the Investment markets'.’ That such an addition off wealth disappeared and left no trace of itself behind is a new experience in the financial world. Evidently a leak—and a leak of no mean propor- tions- has sprung In our commercial ► ; stem. Can we trace it? “Carefully compiled figures show that In 1911 approximately $300,000.- i*0fl of the nation’s earnings were di verted into a new channel, the pleas- liie automobile. In 1912 about $600.- <100,000 was diverted in like manner, >vr.ile in 1913 practically $1,100,000,000 * being consumed in this same chan nel. Nation’s Surplus Xow. the annual surplus earning capacity of the United Staton is va riously estimated at from five hun dred millions to one billion dollars. This surplus wealth is the fund from which our new buildings, our new enterprises, our railroad extensions and our municipal improvements are financed. And it is from this name sur plus fund that the $300,000,000. $600,- 000,000 and $1,000,000,000 have been taken during these last three years. "But the mone\ goes directly back To the manufacturer, and Is by hint distributed for labor and supplies, so It is not lost." is retorted. Upon first ihought this reply seems . onclusive. But when it is remem bered that an automobile neither «\eds, clothes nor houses its owner, and that, with the exception of a comparatively small number of wealthy people, they are largely own- e I by persons w ho did not previously own horses—or if ihey did, still re tain them- it appears that the auto mobile is, in the main, an entirely nd unusbal expense. A Comparison. This being the rase, the results to the country financially are the same as though all the men employed In building, selling, repairing and run ning automobiles had been set aside and been told to build a mountain, meanwhile taking their ’sustenance fiom the common earnings of the bal ance of the nation. The comparison may seem fantastic, but it is, never theless. true, except that the moun tain. when once built and paid for. would not require further oqtlay in repairs and fuel. What the ultimate result of this .shifting of “the river of gold" will be. eat'h should decipher for himself. But so far the visible signs, in addition to the selling price of securities, appear most clearly in the stopping of all in- ( (H*'pendent building operations and the abandonment on the part bf rail roads of any expenditures in the way of new development. These foread changes in policy have leduced the steel trade to the pre carious position that is at present at tracting the attention of the nation. Indiana Bank Robbed: Dakota Alarm Rings HUDSON. S. DAK., Dec. 13.—Hud son people claim the most sensitive piece of machinery in South Dakota is the burglar alarm at the Bank vj Hudson. A hank at Shelbyville, I ml., whs robbed the other night, and at that very minute the alarm in the Bank of Hudson started an alarm. The whole town assembled at the hank. The door was opened and a thorough search of the premises made, but no burglar could he found. Finally a machinist was sent for anJ he managed to stop the alarm. The next day ii was discovered tha: the burglary really occurred at SheJ- byville, Ind. Irish Benefit by New Tariff, Says Consul NKW YORK. Dec. \f. IT. K <*ruik- t-hank, United States vice consul at Queenstown, Ireland, who arrived in New York yesterday, said conditions in Ireland have Improved noticeably and j tliat the country would be visibly bene- | fit©d by the new American tariff regu lations. “Irish manufacturers.'’ he said, “ex pect to fare well by the importation into this country of laces, homespuns, poplins, hides and mackerel. The Irish farmer will in time also be.benefited.’’ Americans to Back Moscow Car Lines Special Cable to The American. ST PETERSBURG. Dec. 13. - The technical project of the American en gineer Hough, who la backed by liner iean finance, is the first in the list of probable schemes for installing a metro politan electric traction system for Mos cow on the lines of the Parts ami Ber lln systems. fgtSEm An Opportunity |gg||j 'ToMakeMoney Wvcatov*. mea W aiest »n^ laveafavt ability, $S«oW write te- for ear Iztf etf javwciuiu mccW, mm4 prize* eftmd by leedm? ■rnttetaren. Pataoto memd m m»t <•« "Why Smm fo»een*» F«3,~ "Hew to Get Yew Paten? er.d Yoei ' ttd Mtafot boeJUc* f*re to *rr »d«W. [RANDOLPH fit CO. PeUtf iftwr&t/z, 618 “F“ Street, N. W„ WiSRnOTeX, D. c. aSBaaEaaeaeft CHICAGO. Dec. 13 A young man may enter the service of a railroad as a brakeman and g* ? as much pay as does the young graduate of a school of engineering, and may look forward to earning as much In the road's service as does it full professor in many a col lege, according to an official of the Bal timore and (>hlo. This is not a result of the award made by tlie arbitration board; if was true before that. With that condition existing the trainmen were yet granted an increase II is an Interesting fact that a young man who lias had no preliminary train- I Ing may become a railroad brakeman I and get $85 a month, and that tills | same man who begins as brakeman. j may look forward to making over $1,900 | p. Near as a conductor. The Baltimore and Ohio has conduc tors who average $240 a month, which j is as much as a professor in college makes The dean of a certain engi neering school makes ogly $2,000 a year. | Municipal Bonds Show Great Growth CHICAGO, 1 )ec. 13.—The Bond Buyer reports u total of $32,126,369 permanent municipal bonds brought out in this country during the month of November, as compared with $12,494,414 in the same rnontli iast year. The total for the eleven months of the year is $274,108,209, against $290,798,603 for the correspond ing period last year In addition to the above-mentioned figures, eleven municipalities made tern - porary loans aggregating $54,969,466. of which $64,489,465 was borrowed by the city of New York. In view of the inactivity in the mar ket for all kinds of stocks and bonds that was marked during the month Just pas ed, Tha Bond Buyer considers that the showing made by municipals is ex ceptionally strong 1,236,150 Factory Hands in New York NEW YORK, Dec. 13. The 48.851 fac tories of this State employ 1,236.160 per sons. according to slat sties of the State Department of Labor issued yesterday. Based on a population >f 9.500,000. on© out of every eight persons is employed in a factory' and one male in every six is a factory worker. The progress of the movement for shorter hours is strikingly shown by the fact that 20 per cent of the factory operatives are working less than fifty- two hours per week and 46 per cent be tween fifty two and fifty-eight hours. f’lothing and millinery establishments employ nearly one-half and textile mills about 20 per cent of the women work ers. 10 p.c. Rise in Exports To South Anterica WASHINGTON, Dec. 13. — Statistics by the Bureau of Foreign and Domestic Commerce, for the first ten months of the calendar year, show that to five of the principal countries of South Ameri ca Brazil, Argentina. Chile. Peru and Pruguay American exports were 10 per cent greater than in the first ten months of iyi2. $108,300,000 this year, against $99,000,000 last Imports showed a large falling ofT. befng $129,600,009 this year, a decrease of almost 21 per cent. Last year Brazil sent 516.000,000 pounds of coffee, against 441.000.000 pounds this year. Exports'lo Argentina increased from $42,000,000 to $46,000,000. while imports from that country decreased from $28.- 500.000 to $17,750,000. Savings Bank for Women Projected AMSTERDAM, Dec. 13. -A loan ami savings bank especially for women is an early possibility. During the recent Woman’s Exposition the subject was so much discussed that the proposition has forcibly impressed many people. The design is to begin on a moderate scale, with about $10,000 capital, shares j being $20 each; every shareholder to be 1 responsible for $40 over the value of her stock in case the hank should dis continue business. Besides the loaning of money, the ordinary banking busi- ! ness would be conducted, including tak ing orders for stock and bond securi ties. Postoffice Seeks U.S. Owned R. R. Cars WASHINGTON. Dec. 1" Government ownership of railway postal cars prob ably will be proposed in the annual post office appropriation bill, about ready to be reported to the House, with a rec ord-breaking aggregate of $300,000,000. It was recently pointed out tliat wood en cars cost approximately $6,000 a car and the modern steel type $10,000 each. I and that the Government paid an annual rental of approximately half the cost. It we« suggested, however, tliat this was not excessive in view of the haul ing and other expense to the railroads. I Great Lakes Ship Lines To Be Merged I FORT WILLIAM. ONTARIO. Dec. 13 Several steamship lines operating on the Great lathes, it is announced, to be known aw the Canada Steamship Lines. Ltd., have merged. The lines involved are the Quebec Steamship Company. Richelieu ami On tario Navigation Company, Ontario and Quebec Navigation Company. Canadian Interlake Line. Inland Linos and thel Northern Navigation Company. The new company will control more than a hundred steamers. OPERATORS GET RAISE. DALLAS, Dec 13.—Telegraph oper ators on tHe Trinity and Brazos Val ley have received an increase in pay avenging 6.7 per cent, which com pares with 9.3 per cent, the amount l asked for. WASHINGTON. Dec. 13—The banking resources of the' United States total $23,181,545,433. Of this enormous figure .the na tional banks contribute $10,876,852,344. National banking was a trifle mors profitable last year than in 1912, the average dividend being 11.4 per cent, as compared with 11.01 per cent the year previous. The total amount of saxings depos its in the United States has reached the huge sum of $4,727,403,950. The number of national banks vi- creased from 7,420 to 7,488 during the year. These facts are taken from the an nual report of the Acting Comptroller of the Currency, Thomas I*. Kane. lc contains an enormous mass of statU- tlcs. most of which, however, are to be found in .the regular statements showing the condition of the banks, issued five times a year. The Acting Comptroller does r. *. discuss currency reform. Based on capital and surplufe, ihe gross earnings of national banks dur ing the year were greater by over 2 per cent than m 1912. The capital of national and other banking institu tions amounts to $2,096,800,000. of which slightly more than one-half is the capital of national banks. Of in dividual deposits aggregating $17,- 475,700,000 national banks held ap proximately one-third. The-distribution and proportion of loans as of June 4, 1913. in the banks of New York, in ail central reserve cities, other reserve cities and in country banks are. Per Amount. Cent. $886,966,804 1 4.4 1,315,735,177 21.4 B 0 E R SII !i E R STROHGER IDE New York .... Chicago ....... Other reserve cities 1.640,317,608 26 All re.sei* © cities.. $2,956,052,785 48.1 Country 3,186.975,348 51.9 Total $6,143,028,133 100.0 VITAL ISSUE IN TO ADVERTISE Cost-of-Living Battle Will Be Waged at the Coming Ses sion of Parliament. OTTAWA, Dec. 13.—In ali tHe years since confederation, when the Do minion of Canada as we know it j came into being, no session of the Dominion Parliament has ever ap proached its opening fraught with greater questions, with more burning issues, with more interest—compell ing problems to be solved, with more real human interest in its probable doings than the third session of the Twelfth Parliament of Canada, which will be opened with dignity and bril- llance by the Duke of Connaught, Canada’s first Royal Governor Gen eral. on the 8th of January next. The speech from the throne will have outlined what the Government proposes by way of affirmative legis lation for the session. But there will be nothing in the speech about what Sir Wilfrid Laurier, the leader of the opposition, plans to do. Clashes are expected from the instant "time" is called. Cost of Living Has Risen. The cost of living has risen stead ily. The new United States tariff has also come into being. How to make both ends meet In the living and family-raising sense has. as a topic of conversation, taken first place. You scarcely hear anything now about the Laurier or Borden na val policies. They both involve spending money, and. while lavish ex penditures by the Government are being urged in some, quarters as n financial cure-all for the complaints of the present, throwing money around recklessly does not seem to meet with a hearty response. Sii Wilfrid looks elated, confident, defiant, again. He sounded the key note of the political war which he will manage during tlie coming ses sion at Hamilton when he said: Requires Prompt Action. "The situation requires prompt, un hesitating action. The policy T give you, the policy I believe every patriot in Canada ought i<» support, and the policy 1 believe it to be the duty of the Government to immediately inau gurate as a policy of absolutely free food—food free from customs duty. "It will be said of me, if you advo cate tliat policy, do you not advocate a revision of the tariff to that ex tent? Certainly I do. but somebody will tell me that the tariff which is in force to-day is the Fielding tariff of 1897. So it is, but the Fielding tariff was made for the needs of that time, not for all eternity.” Mongolian Produce Diverted to America Special Cable to The American. ST. PETERSBURG. Dec 13.—Great concern is expressed in the Moscow business world over the diversion of the hulk of the Mongolian and Man churian produce from the markets of European Russia, in favor of the American market. Both the new American tariff and the coming open ing of the Panama Canal have In duced \mericans to make future bar gains for great consignments of beans and wool from Manchuria^and Mon golia. where such produce is extraor dinarily cheap, and their import into tlie United States by the new route. The Kharbin Viestnik. the chief business organ of the Russo-Chines>e Orient, describes this transfer of trade as tiie most notable economic phe nomenon in the world to-day. FREIGHT RECORD BROKEN. ST. LOUIS. Dec. 13.—During the fis cal year ended June 30 the freight iraffle of St. Louis made a new rec ord. The number of loaded freight cars intei changed by railroads in tha't l eriod amounted to 2,213.301. an in crease of 245.054 cars, or 12.45 per cent. over the preceding twelve months, according to the report of the Terminal Railroad Association. NEW RULE ENFORCED. NEW YORK. Dec. 13.—Hereafter passengers purchasing round-trip tickets on any railroad in this coun try and using only the.going portion \v 111 not have to wait until the other half is sent to the general passenger agent The unused portion will be redeemed at the office where tlie tick et was bought and the usual deduc tion will be made. Continuous Work Only Counts, Says Publicity Man of Big Institution. NEW YORK. Dec. 13.—“You must do some kind of advertising that will keep you in the minds of possible users of your bank, so that they may think of you when the time comes when they want a bank, be that time one month from now. one year from now or ten years from now. “In my opinion, the standard daily newspapers are the best mediums to accomplish this result.” This was the opinion expressed by Horace Anderson, advertising man ager of the Title Guarantee and Trust Company. In a recent talk before the Bank Publicity Association. Mr. Anderson advocated the use of newspapers as the best medium through which to accomplish advertising results desired by banks. All Read Papers. Explaining his reason, Mr. Ander son said: Every man who is likely to have money enough for a bank deposit reads a daily paper. He may not read the same paper every day. and some days he may read no paper. He may not read it with equal attention each day, but some time each day it is his intention to spend some time with one of the standard daily papers. If you advertise once or twice a week in all of the standard daily papers ultimately you will reach that man. At first he will not be conscious of your adver tisement at all. The first inser tion of your advertisement will have an effect upon him without Jiis knowing it. At a later time it will penetrate to his subcon scious self, and in time may af fect him to such an extent that he will begin to look for it and will take a definite, decided in terest in it. Continuous Work. It is your object to make a mental photograph on that man’s mind that gradually will inspire him with an interest and a. desire to use your bank. By the use of the daily papers continuously you are sure to accomplish this result. The amount of space you use and the number of times you ad vertise vary according to the size of the bank and the amount of money that you want to spend. It is my advice that you say something in each one of the ad vertisements. There was a time when any* kind of advertising seemed to pay, but nowadays, when things are so expertly done, the use of brains has become almost as im portant as tlie use of money. Saskatchewan Crop Worth $110,000,000 WINNIPEG. MAN.. Dec. 13.—The Government of Saskatchewan an nounced to-day that the grain har vest this year would be valued at $110,000,001), of which $71,000,000 is represented in wheat and $25,000,000 in oats. The total production was $243,500.- 000 bushels, of which 112.369.000 bushels was wheat, 110.210.000 bush els of oats and 9,279,000 bushels of bailey. Unsettlement in Europe and the Fear of Adverse Laws at Home Deterrent Factors. By BOERSIANER. CHICAGO, Dee. 13.—Were it not for a call money situation susceptible to flighty manipulation, for unanimous hostility among all who traditionally make and unmake markets, for fire- eating legislators whose absorbing idea is to frame bills which tend either to discourage or to disgust men of affairs—were it not for these deter rents it is altogether likely securi ties would be anticipating the Janu ary reinvestment demand and dis counting a general trade betterment which should not be deferred beyond the initial months of the next year. Trouble in French Politics. % Europe, filled with the negatives cabled from this side of the Atlantic, was disposed to sell stocks early in the week, but its selling w’as so easily absorbed that the sellers began to doubt the views of the experts on the ground. Later Europeans did nothing here, preferring perplexed inactivity to un profitable activity. They had some troubles of their own—in France and Germany. In Paris a highly efficient ministry was opposed because it in sisted upon having a new f Government; bond issue tax-exempt, a most hein ous insistence, it appears. The pros pective borrower of $260,000,000 is ex pected to get a good price for his bonds, and at the same time is ex pected to nullify that prospect b\' tax ing the bonds lie is to offer. The French Chamber of Deputies is beau tifully inconsistent. Across the border, in Germany, the ministry was mercilessly grilled in the Reichstag. Ostensibly it was held more or less responsible for the clash between the military and civilians in Alsace. But the Zabern incident was merely a pretext. Since Germany' has occupied Alsace-Lora ine, over forty years, incidents of the Zabern kind have been chronic. The vote in the German Parliament was really a pro test against militarism in general. Farm Growth Small. Excepting France, every civilized and semi-civilized country lirfs dou bled in population within half a cen tury. America's inhabitants have trebled. But in this increase a dan gerous disproportion has fallen to the agricultural communities. So small has it been that food production has not been commensurate with the nor mal consumption. Tlie story is told in values. Al though farming in the last decade has become extremely profitable, the price 1 of farm land increased only 23 per cent, as compared with real estate in *he country’s leading cities—using 100 as a numerical comparison. I If some of the energy now devoted to the construction of yachts, motors, theaters, apartment houses and slum tenements were diverted to tilling more acres there were no food prob lem—and no chance to lift the cost of this or that commodity artificially. Peunsy Head Attacks Legislative Evils PITTSBURG, Dec 13.—Ivy L. Lee, executive assistant to the president of the Pennsylvania Railroad, before the Traffic Club of Pittsburg, said: “The railroads find extraordinary difficulties in meeting the situation by reason of numerous and anomalous fac tors. such as: ' ll) Different tribunals arbitrate the wage questions from those which settle what the railroads shall charge. “(2) States may impose expenses, and vet through the inter-relationship between States anl interstate rates, the national Government, in effect, if not in act. prevents the increase of State rates tr meet the increased expenses. “(3> xv'e are compelled by the Sher man act to compete, yet under the Hep burn law in effect forbidden to com pete with other railroads.” Gold Is Found at Depth of 1,265 Feet CRIPPLE CREEK, Dec. 13.—Gold values increase at great depth in the Cripple Creek district. This was demonstrated again when the exten sion of an ore body giving good re turns at the upper level showed a rich streak at a depth of 1,265 feet below surface of tlie Elkton Mine. At this depth the vein is over six feet wide, and on either side of a high grade seam running dollars to Vie pound carries strong commercial \*alues. RAILROADS BUYING ENGINES. NEW YORK. Dec. 13.—The Bald win Locomotive Works within the last ten days received orders for 44 locomotives from several railroads. This is the largest number of loco motives ordered within the same pe riod of time from the Baldwin works Mine tlie Pennsylvania Railroad gave its order for 100 about two months ago. ' Continued Improvement Raises Hopes of Another Discount Rate Reduction Soon. Special Cable to The American. BERLIN. Dec. 13.—The Reichs- bank’s continued improvement raises hopes for another discount rate re duction. The bank’s status is $124,000,000 stronger than in 1912. while deposits are being attracted in unusual amounts. Lively discussion began in the Boerse of the chances of a bank rate reduction upon a rumor that the cen tral committee, was called for Mon day. Weighty financial authorities are urging the reduction; nevertheless the Reichsbank management denied the rumor, and action in December can be regarded as improbable, tlie managers prefeiTing to wait until January and then make a full 1 per cent cut. The open market discount advanced considerably the first half of the week, with discouners showing marked hesitancy, but later caH mon ey relaxed sharply upon abundant of fering. This finally caused a decline in discounts. The Boerse had a fairly good w&ek. although the Zabern debtae caused some depression on Thursday, raising the fear that the Chancellor would resign. . Steamship shares are the strong est section of the list, with traders building their hopes on a renewal of the shipping pools in January. Delay in Dividend News To Be Stopped NEW YORK, Dec. 1^|.—To prevent. I repetition of delays in announcing dlvl - fiends such as recently occurred in th»‘ Lease of the B. F. Goodrich Company,*th« { New York Stock Exchange amended its rules by this requirement: “To publish promptly to bond and share holders the declaration of any 1 dividend on shares, interest on income I bonds or allotment of rights for sub- ! scription to securities with notice there - ’ "f to the Stock Exchange and to give at, I least ten days’ notice in advance of tin I closing of the transfer books or tin- taking of record of stockholders for an purpose." Copies of this rule will be sent t-> corporations with a request that they assent to its provisions. Copper Consumption In U. S. Falls Sharply Consumption of copper metal in th* United States during November was th* smallest since January. 1911. the Cop per Producers' Association reports. Domestic deliveries were 19,516.862 pounds under those for October. Contraction in consumption was largely responsible for .an increase ofi* 15.363,047 pounds in supplies on hand on November 1, as compared with October 1. The total surplus of 47.929.429 pounds is equal to only eleven days' production Production is November decreased 4.- 982,773 pounds and exports increased 1,944.330 pounds. Canada's $20,000,000 Loan Is a Failure LONDON. Dec. 13.—Eighty-three per cent of the Canadian Government loan of $20,000,000 at 4 per cent. Issued n( 97. was left on the hands of the un derwriters. The feeling prevails tliat Canadian borrowing has been much overdone. LOGIC, BOYS’ 1 Quart of Whiskey 1 Safety Razor } Pint Rare Old Whiskey in Fin© Traveling Flask wiih Alum inum Drinking Cup Attachment Look at these presents. Did anybody ever make a better offer? Could anybody do better by you than this old distillery? You know how it pays you to buy direct from the distillery. Look Present No. 1 ONE WHOLE QUART FREE Iu addition to all other presents we will continue t»»^ igive one whole quart free with each 8-quart order; twn quarts with each 10-quart order, etc. Present No. 2 FINE TRAVELING FLASK (filled) With every shipment, large or small, made on or before December 24th. we will pack free a flm traveling flask filled with rare«old liquor. This goes In ALL shipments. The flask has cut glass appearance: very natty for traveling; top become: handsome drinking c up; flask contains famous old Tennessee whiskey, made in our own distillery—it is something for special occasions. Present No. 3 A SAFETY RAZOR This is a little extra, by way of goo«V* measure. It is not an expensive present, yet it is very neat and shaves well, and may )k just tl\e thing you want. Not packed unless specially requested. To get thiri razor you have tdwrite the word “Yes” in the coupon Chattanooga Dis'Ni^ 5 °-'STILLED B'f c ' TTa N0OGA DlSTlLLt ' ATt A N O 0 G A., T RIDLEY & JAMES GEORGIA AUDITORS* ATLANTA - Have you ever heard of anything like it" Three big handsome presents and your win- key at distillery prices. Get busy, men Send that Christmas money where you g**t the most for it. OUR OLD STANDBYS /ELLOW SEAL CORN. A smooth, fnl quality corn with that fine flavor you always look for in corn whiskey. Unequaled at any price and guaranteed by us. 4 quarts $2.50, express piepaid. STONEWALL RYE. A wonderful whis key with an exquisite flavor. Distilled fron ^ golden ripe grain. Scarcely ever equaled at any price. 4 quarts $2.50, express prepaid. Send $5 for 8 quarts of either brand or assorted#, and we will ship free one extra quart, making 9 quarts in all. We give one extra quart free with every order for 8 quarts of any of our brands. % SPECIAL special Old Tennessee Club... f ***; (Bottled in Bond 7 years old) •$' 0 $>11.00 Old Tennessee Club Stonewall Rye f-n Yellow Seal Corn “'J Kernel’s Choice Bourbon White Tassel (White Corn) - Old While Flash (White Corn)..* *® 2.oil 8.00 5.00 5.00 4.50 4.40 5.60 PRICES 1 qt. Apple Brandy, Old East Tennessee $1.00 Apple Brandy, Western Apple Jack .65 Rock and Rye 60 Peach and Honey 60 Red Star Rum 1.00 Tom Gin 60 l ord Lytton Dry Gin 1.00 Fine Blackberry, Port, Sherry or Claret Wine 00 * qt* $.4..SO 2.50 2.40 2.40 3.50 2A0 3.50 2.40 GEORGIA PRODUCTS DAY EVERY DAY W HEN YOU WEAR ARAGON sh:rts--.pants..-overali.s MANUFACTURED BY A. M. ROBiNSO \ COMPAN Y 69 North Pryor St. Atlanta. Georgia HURRY! HURRY! HURRY! Get that order in early. Don’t he without some good cheer for Christ mas. Remember, we sel! DIRECT FROM DISTILLERY, QUICK SHIP MENTS AND EXPRESS PKJlPAID. Shipments go off on the next, trail: get The I Send in your orders GUARANTEE. and get The three presents. Money hack if you are not satisfied. Do you want us to send you a Safety Razor f CHATT&NOOGA DISTILLERY • e Propriettrs Distillery Re. 115, District of Tennessee 265 MAIN STREET CHATTANOOGA, TE«4. If you want- us to sund you a Safety Razor in addD’on to Ikr other two presents a* set forth above, clip out this littiecoupoe Wl-itft in t.i t A- WllPfl *’ YAtl ** 14111.1 nil! CJII, nn>. in .... ..