Newspaper Page Text
\
11
Speech in Senate Attacking Pepping Money
Measure Is Followed by Virtual Nomination
as Advocate of ‘Soundest Financial Doctrines.’
WASHINGTON, Dec. 13.—Senator Root, of New York, in
the Senate to-day delivered a speech dealing with the evils of in
flation in the Democratic currency bill that attracted the close at
tention of Senators on both sides of the chamber.
It was by far the most important and eloquent address thus
far made to the country on this live issue. At its conclusion, the
New York Senator was warmly congratulated by associates of
both parties. Senator Gallinger, minority leader, issued a state
ment in which he practically placed Senator Root in nomination
for the Presidency as the ablest advocate of “sound economic and
financial doctrines in this country.”
Mr. Root made several veiled
al
lusions to high finance that plainly
applied to tho operations of Morse
and the Heinze group of financiers.
He declared that the terms of the
administration bill would permit an
inflation of the currency up to the
enormous aggregate of $1,800,000,000.
Gallinger Starts Boom.
Senator Gallinger’s political state
ment was as follows:
“The remarkable speech on the cur
rency question, delivered by Senator
Root to-day. stamps him as the ablest
advocate of sound economic and
financial doctrines in this country.
His wonderful powers of analyzing
the fundamental problems that lie at
the foundation of our governmental
structures were never more marked
than to-day. His discussion of the
financial bill was brilliant, interest
ing and unanswerable. Unless the Re
publican Party nominates Senator
Root as its next candidate for the
Presidency of the United States it
will miss the greatest opportunity
that ever has presented itself to that
pa Tty.”
The New York Senator warned the
country that inflation possible under
the administration bill would result
in a loss of confidence in Europe in
the soundness of the American finan
cial system.
‘The tendency to reduce rates and
add to the duties and burdens of our
transportation companies, to push up
their operating expenses through the
demands of labor and increased cost
of materials, has a disquieting effect
upon European investors and stock
holders,” said Mr. Root. “This is
supported, to some extent, bv those
roads that recently have either re
duced or passed their usual dividends.
Sound Policy Vital.
“Congress should realize that the
holders of the great bulk of American
securities are going to be keenly alert
regarding the soundness of the finan
cial policy of this country. Once
start a run on us and ,A would take
very little, not merely to stop foreign
investments, but to send our stocks
tumbling on us. where we must buv
them and pay for them in gold. And
all that gold would go to Europe.
Before October, 1907, more than $200,-
000,000 of securities were sent back
to us, just on the suspicion that
things were not going right. Last
September over $200,000,000 came over
on the judgment of some persons that
would be wise to reduce their risks.
_ “I am in favor of doing away with
the speculative money in New York.
But that is quite a different matter
from doing away with the great
masses of our securities which are the
instruments of credit. If they go
down in value the business of the
country goes to ruin with them. »
Europe an “Armed Camp.”
“It is well for us to remember that
Europe is an armed camp. For many
years peace has been kept by a most
delicate adjustment and the most
strenuous efforts of many men in
many countries. But war is always
possible, the fear of it always present.
“If war comes, Immediately our se
curities drop. This is true in all
countries. Their people convert them
immediately Into available gold. It is
not necessarv to wait for war itself.
Fear of Jt alone produces this con
version.
“Tf we enter upon this career of
inflation we shall do It in the face of
a clearly dlacemible danger, and.
though clearly recognized, it will re
sult in a dreadful catastrophe. Gold
always leaves the country in which
the amount of currency exceeds the
legitimate requirements of business.
This is an inexorable law. Putting it
in another way, gold always leaves
the country of high prices and goes
to the country of low prices. You
can kill persons who are engaged in
business, you can destroy business
utterly, but you can not stop the
operation of these inexorable eco
nomic ahd neutral laws.
Must Retain Confidence.
“When confidence is lost you can
raise the rate of interest to the roof
and not bring in a doller. Long be
fore we wake up from our dream of
prosperity, through an inflated cur
rency, the sources of gold, which
would keep us from catastrophe, will
have lost their confidence and no rate
of interest will tempt It.”
Mr. Root pointed out that in the
past, when an emergency arose, the
Government itself came to the relief
of commerce and issued its own
bonds, to supply the needed gold.
That, he said, could not be done un
der the pending bill.
"This bill,” went on Mr. Root, dra
matically, “proposes to put in pawn
the credit of the United States, and
when your time of need does come in
the United States the Government
itself is discredited.”
Touches Political Side.
Mr. Root then touched upon the
political side of currency legislation
On this point he said: "We ought not
to be required to discuss the dangers
of inflation The country has ren
dered its judgment on this subject.
The American people closed the gates
against it when they sustained the
courage and patriotism of Grover
Cleveland, in putting at stake all his
future, when he demanded the re
peal of the silver purchase act. The
people again sustained this principle
when McKinley was elected Presi
dent, as against the protagonist of
this very idea, contained in section
16 of this bill. Again, in 1900, the
people spoke when they re-elected
McKinley. -At
“Now. a Democratic partj^has been
elected, not upon this issue, but upon
issues far removed from questions of
sound money or inflated currency ami
without any mandate or authority
from the people, undertakes to re
verse the oft-repeated Judgment of
the American people on this *ettled
question.
Raps Democratic Caucus.
“In perhaps a vain appeal from the
judgment of the Democratic caucus,
in violation of the duties imposed
upon them by the demand of the peo
ple of the country, I protest against
the employment of power thus ob
tained for such purposes.”
Expressing the view that the men
who would be appointed as members
of the Federal reserve board would
be of the highest character. Senator
Root referred briefly to the part
played by Secretary Bryan in the
construction of section 16. without,
however, mentioning him by name,
and declared that these members of
the Federal board undoubtedly would
be approved by the authority so po-
BOSTON, Dec. 13.— Mayor Jairu*
Rolph, Jr., of‘San Francisco, came to
Boston to-day largely to study the
Boston water supply In preparation
for San Francisco's i an to bring
water from the Hatch- lietchy Valley
if President Wilson *igns the bill
passed by < 'ongress.
Mayor Rolph praised William Ran
dolph Hearst warmly for 1 is share In
giving the people of the country the
facts about the Hetch-Hetchy project
and in winning the bill’s pasa^o
through Congress. He said:
“Tire people of the Fast have been
woefully misled in regard to the
Hetch-Hetcliy project. William Ran
dolph Hearst has done a remarkable
work for San Francisco in helping to
pass this bill. We do not Intend to
take a park belonging to the people.
We simply want to dam up p valley
that really belongs to the people of
San Francisco.
“We need this water We will
ing to spend $70,000,000 to carry it 134
miles to San Pram isco. 1 believe
President Wilson will sign the bill,
and the victory is to be credited to
William Randolph Hearst more than
to any other one man."
Woman Accused of Poisoning
Husband Sobs Denial—Lawyer
to Attack Third Degree.
Head Broke Out in Pimples Which
Festered. Hair Came Out. Head
Itched and Burned. Cuticura Soap
and Ointment Cured in 2 Weeks.
*04 Oreenvills At*., 8 lean ton, Va.—
"My heed broke oat in pimple® which
festered It itched me ee that T +ould
scratch It till my head got
almost In a raw eore. My
hair came out gradually and
it waa dry and lifeless Dan
druff fell on my coat collar till
I was ashamed of it. My
head had been that way all
summer, itching and burning
till 1 couldn’t sleep in any
peace.
“T tried ealvee but it looked like they
made It worse I got but It did me
no good so 1 got a cake of Cuticura Soap
and box of the Cuticura Ointment and you
don't know what a relief they gave'me. In
two weeks my head was well.” (Signed)
J. L. Smith, Oct. 28, 1912.
For pimples and blackheads the following
la a most effective and economical treatment:
Gently smear the affected parts with Cuti-
eura Ointmeot. on the end of the finger, but
do not rub. Wash off the Cuticura Ointment
in f ve minutes with Cuticura Soap and hot
water and continue bathing for some min
utes This treatment Is best on rising and
retiring At other times use Cuticura Soap
freely for the toilet and bath, to assist in pre
cepting inflammation, irritation and clog
ging of the pores Cuticufa Soap (25c.) and
Cuticura Ointment (50c.) are sold through
out the world. Liberal sample of each
mailed free, with 32-p. Sldn Book. Address
poet-card “Cuticura, Dept. T, Boston. “
49~Men who shave and shampoo with Cu-
aietir* Soap will find it best for sldn and scalp.
XMAS RATES
Reduced over N., C. & St.
L. Ry. and W. & A. R. R.
U.S. Survey Ordered
For Savannah River
AUGUSTA. Dec. 13. A hydrographic
survey of the Savannah River, ffom the
locks above Augusta to Savannah, will
be ordered at once by the War Depart
ment at Washirrt. n. Captain W. C.
Leman, principal assistant to the engi
neer In charge of the Savannah River,
has notified Augustans that the survey
is to begin soon The topography of
the country and the flood area will be
secured and is expected to be used in
the fight which Congressman Hardwick
will make in Congress to secure an ap
propriation to assist in building tho
levee here.
Large sums are expended every year
for the Mississippi River levees and Mr.
Hardwick says that there is no reason
why the Government should not aid the
Augusta project.
The city of Augusta ha sal ready spent
or is about to spend $1,200,000 of the
taxpayers' money and the levee, even
w4th this enormous expenditure will be
far from completed.
Mobile Wants Extra
Session of Assembly
MOBILE, Dec. 13.—Governor Em
mett O’Neal will be asked by the dl
rectors of the Mobile Chamber of
Commerce to call a special session of
the Alabama Legislature that Im
portant legislation may be enacted
for the betterment of Jefferson and
Mobile Counties.
A special committee has been
named by the Chamber to prepare a
bill to submit to Congress naming as
the site for a Government armor plate
plant.
LITTLE VALLET, N. Y., Dec. 13.—
My defense of Mrs. Buffum will he
an attack upon the validity of her
alleged confession." said Patrick Col
lins, a lawyer, to-day.
Collins, assigned by the courts 10
defend the woman accused of mur
dering her husband by the use of
arsenic, led the way to his client's
cell.
The accused woman was found with
her face pressed against the bars
looking down Into the house, where
her 10-year-old daughter, Laura. Is
struggling against the death that
made her fatherless.
"They heckled me; they tortured
me all night, and I did not know what
I was doing,” she cried.
"Then they told me that nobody
believed I was innocent and that the
only way for me to do was to say
T was guilty and to implicate Ernest
Frahm. Until 7 o’clock In the. morn
ing they kept me under Are. When
O'Grady, the detective, tired, others
relieved hltn.
"Finally I could stand It no longer.
I asked O'Grady whether a statement
by rne to the effect that I was gutPy
would help mo. The detective insist
ed that if I hoped for peace and re
lease It was the only thing to do.
"O’Grady told me to say that my
brother left the horse medicine around
and that I put it in the food at
Frahm's request. I did It because
they said It was the only way to
clear myself. But before God I am
innocent.
‘‘Then they told me that I should
tell the District Attorney the story.
T told my story to Mr. Cole, but now 1
see that it was a trap, and that my
confession may send me to the chair.
"I am afraid of Frahm. Had he
not come to me when I was happy in
tho hills before I knew the luxuries of
hotels, of motor cars and of theaters,
which he Introduced me to, I wouid
now be a good woman."
The farm folk of this rugged coun
try are less bitter against Mrs
Buffum than against FVahm. Several
lawyers are determined to make an
effort to have introduced In the Leg-
lsltaure a bill making methods of con
fession-procuring such as O'Grady 18
said to have adopted illegal and with
out standing in court.
Councilman Wants Old Amuse
ment Resort Purchased for
Public Playground.
Councilman Claude L. Ashley, of the
Fourth Ward, has taken up the tight
of the women of his ward to gel the
city to purchase the old Ponce DeLeon
amusement park for a city park and
playground. He said Saturday he
would introduce a resolution at the
meeting of Council Monday to ap
point a committee to negotiate with
the Georgia Railway and Electric
Company, which owns It, In an effort
to get a satisfactory offer.
"I have talked with Preston Ark
wright, president of the company, and
he seems favorable," said Mr. Ashley
"A further plan for Improving Ponce
DeLeon avenue I suggested lo hint
waa to move the baseball park far
ther north and divide the present ball
park Into residence lots. I don’t think
It would hurt baseball and It would
make Ponce Del,eon avenue a more
attractive residence street
Women of the Fourth Ward have
already been granted the privilege of
using the old amusement park ns a
playground next summer, but they
want the city to buy It for a perma
nent park. Including the wooded
area tho property Is about iwentv
Gallows Cheated 1,135-Acre Georgia
Of Toll by Death Tract Brings $60,00(5
GADSDEN, ALA., Dec. 13.—J
Smith, twice sentenced to death on
the gallows. died in the county jail
here to-day. Whether he took poison
or died from acute indigestion phy
sicians who attended him are unable
to determine. Yesterday afternoon
Smith's mother visited him and dis
covered that he was unconscious. He
never revived until 11 o’clock last
night, when he spoke a few words,
saying he had taken a part of a dose
of medicine. His body will be taken
Sunday to handler. Ga., for Interment
Smith killed J. A. Patterson, a pa
trolman, at Alabama City on January
20, 1912. He was sentenced to hang,
but secured a new trial He was con
victed and again sentenced to death
at the second trial, the execution
being stayerf by anohher appeal to
the Supreme Court.
Ruchman dr Bennett, real estate
dealers, at No. 25 South Broad street,
reported Saturday the sale for a client
of 1,135 acres of land at Jonesboro
for approximately $60,000, the pur
chaser being the Securities Company
of Georgia.
Improvements consist of stores and
dwellings. The purchase was for in
vestment.
JEWELERS A BROKERS
301 Peters
Bldg.
Money
to
Loan
Phone Main 228
STRICTLY PRIVATE.
Buy an Automobile on Terms.
AUTOMOBILE CREDIT
SALES CO., ATLANTA.
Practical Gifts
Portable Electric or Gas Lamps.
Brass or Iron Andirons.
Brass Fenders or Fire Sets.
How about a beautiful Chandelier?
Queen ManSel & Tile Co.
36 W. Mitchell St.
tent in this particular phase of tho
legislation, and these men would be
"under the same dominating, com
manding and Irresistible influence.
Under Old Theories.
“Under the provisions of this sec
tion 16,” continued Mr. Root, “these
men would be bound to proceed un
der the same theories that were ad
vocated 1n 1896 and 1900. They can’t
escape It, for these theories are In
this measure, which provide that the
Government of the United States
must supply 'an unlimited amount of
money for the people.
“This Is financial heresy, twice
repudiated by the American people,
and these men will have to represent
that heresy. If that Is done the
American pedple stand to lose. Un
less all history and all human expe
rience on this subject have been
wrong, we stand to learn by hard ex
perience what has really been done
by this same action.”
Condemns Guaranteed Deposits.
Mr Root severelj condemned the
proposed guarantee of bank deposits.
On this subject he said:
"The serious side of this proposi
tion is that it seeks to give the credit
of the United States *o every spec
ulator, promoter or blackguard who
can scrape together $26,600 and take
out a national bank charter. It Is a
premium on speculation and disre
gard for all the rules of business
honor. It is an Invitation to every
adventurer to come Into the national
hanking business, and get the In
dorsement of the United States back
of his schemes.
"We give absolution In advance: a
letter of marque and reprisal to the
managers of all Heinze banks of the
future.
Opposed to Paternalism.
"Men on both sides of this chamber
who have studied this question and
who realize and profit by the lessons
of the past revolt against the ten
dency to substitute the support of a
paternal government for that Indi
vidual self-dependence which set
tled. built, developed and made our
country We are turning our faces
away from those fundamental princi
ples through which we have come to
our present high estate. We seem
to be setting our. steps In the path
way of a paternal government that
brought I he mighty power of Rome
A Holiday Suggestion!
Send
DUFFY’S
Wbat more
a p p r o p riate
gift could you
send some old
person or some
one who is not in
the best of health
this Christmas
season, than a
bottle or two of
Duffy’s Pure Malt
Whiskey.
What cheer it would
bring into their lives for
such an old-time friend to
be remembered by you
with a gift.
More than any other
one thing, most old
folks want renewed
ife to them, and the enjoy-
vigor and strength. It means
ment of life. They want mental and physical activity to enjoy
advancing years.
A few bottle* of Duffy’s Pure Malt Whiskey, you will see, is one of the
ve the subject a moment’*
please them.
most practical gifts you could select, If you give the
thought. It is something that will do them good as well
Nothing will give all this to the aged like
Dufly’s Pure Mall Whiskey
It stimulates and nourishes the body, brain and muscle. It sharpens the
appetite, Improves digestion and enables the aged to get full nourishment
from their food, thus increasing their strength. Taken as directed, It pre^
vents coughs, colds, grip ami pneumonia, and throat and lung troubles.
I The genuine Duffy's Pure Malt Whiskey is sold in HEAXED BOTTLE*
ONLY, bv druggists, grocers and dealers. 8hould our friend* for any rea
son be unable to secure it in their locality, we will have It shipped to them
from their nearest dealer, express prepaid (cash to at company order), at
the following prices:
A Large Bottles, $4 30
6 Large Bottles, $5.90
12 Large Bottles, $11.00
Duffy s Purs Malt Whiskey should be in every
home and we make the above announcement so that
you may become familiar with a source of supply.
Remit by express order, postoffice order or certified
heck to
Th<» Duffy Malt Whiskey Company,
131 White St., Rochester, N, Y.
i
VERY HANDSOME
GIFT THINGS FOR MEN
AT GREATLY REDUCED PRICES
The Finest, Largest and Most Exclusive
Collection of Handsome Gift Articles for
Men To Be Had in Atlanta at Big Reduc
tions During Our Reorganization Sale
NECKWEAR
GLOVES
MUFFLERS
HANDKERCHIEFS
SUSPENDERS
Nearly everything you can think of in the way
able and appropriate tor men can be had in this
of Christmas Goods at prices much lower than
them elsewhere.
These reductions are due
solely to our reorganiza
tion sale, and since the
goods were purchased be
fore we anticipated the
reorganization, we were
compelled to accept ship
ments and as a conse
quence you are offered the
most tempting prices on
articles of known worth
and goodness.
Special provision has been
made in advance for box
ing these gift articles in
the handsomest boxes we
could buy of Dennison
who makes boxes for the
leading jewelers every
where.
of gift articles suit-
wonderful collection
you can possibly buy
GARTERS
HOSIERY
NOVELTIES
COMBINATION SETS
SCARF PINS
LINK BUTTONS
TIE CLASPS
SHIRTS
OVERCOATS
UMBRELLAS
CANES
SMOKING JACKETS
BATH ROBES
LOUNGING ROBES
FANCY VESTS
DRESS VESTS
TUXEDO VESTS
SWEATER COATS
MACKINAW COATS
TUXEDO SUITS
DRESS SUITS
HATS
SUITS
•f. -
When the recipient of your gift opens his package on Christmas
morning, he will not only recognize the name of Cloud-Stanford Co.,
which is embossed on the cover, as the most exclusive Men’s Shop
in Atlanta, but the contents—the artistic manner in which the pack
age is fussed up will win his admiration forthwith. Every little
detail of preparing your package for the reception you wish it to
receive will have the care and attention that deft fingers can give it,
and if the delivery is left to our charge you may depend on it reach
ing its destination at the desired moment. No extra charge
whatever is made for this service, neither will the
Christmas rush prevent us from performing
it to your—and to his—satisfaction.
CLOUD-STANFORD CO.
61 Peachtree Street
A