Atlanta Georgian. (Atlanta, Ga.) 1912-1939, December 14, 1913, Image 5

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\ 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