Atlanta Georgian. (Atlanta, Ga.) 1912-1939, December 19, 1913, Image 8

Below is the OCR text representation for this newspapers page.

TIIK ATLANTA GEORGIAN AND NEWS Banks of This Slate May Have Use of $10,000,000 During Currency Reorganization. WASHINGTON !»«•« 1 -GrorKiu banker* will benefit under an lumnii- inont to the currency bill obtained by Senator Hoke Smith, who proposed a unanimously indorsed plan to make available emergency currency ''•bile The reorganization of the bunking k>s- lem i.« taking place under the new currency law. Georgia may use about ten millions ,,f this emergent currency at low interest rates, under the Senators amendment The Smith amendment wl 1 make available for Immediate u-e. If need ed, the entire issue of $500,000,000 »f Alilrich-Vreeland emergency curren cy now' lying idle in the vaults of the Treasury at the low rate of 8- per cent per annum for the first three months, the rate rising after that time one- half of 1 per cent per month until .« rate of 6 i>er cent Tier annum ■* reached, which is the limit Old R*t« Too High. The Aldrich-Vreeland act has o* en extended to expire July 1, 191.*, in stead of July 1 next year. Its high rate of interest or tax. starting .it 5 per cent and going up a cent a month, lias been prohibitive, as no bank could afford to use funds at the rates fixed. Under the Aldrich-Vreeland law. with an interest or tax rate of t**r < ent for the first month and 1 per • ent increase for each additional month, the average would be »i per ♦ ent if the money were used three months, and 7 1-2 If used six months. Under Senator Smith's amendment the three months’ rate will V. i»er cent and the average rate for six months 3 1-2 j*»r cent. Money Famine Impossible. The low rate fixed by Senator Smith's amendment makes n curren cy famine impossible during the tran sitory )>eriod between the passage of the currency bill and the complete or ganization of tins regional banking system. This currency is to b< issued through currency associations al ready organized. 21 «»f w hich now tire In existence. The Georgia currency £»*sr*ciation woukt be entitled to use a tittle ovei $10,000,000. secured by bonds uml commercial paper. There lias been some apprehension that the transfer of capital and re serves under the new system might lead to temporary restriction of cred its. as it will take several months to get the. new system under operation. Hut with l50o.0oo.O00 of currency im mediately available at 11 per t ent a stringency is impossible. ‘I’ll Drive Gambling Out,' Declares Chief BIRMINGHAM. !>♦ H» ‘Don't 1 say 1 am going to rr. '■> put out ». on. bling in Hlrmlngham. I am g« :ru; | To do it” This is admonition | given o newspaper reporter* by St *- j ven Wiggins, chief of the etective department of Birmingham, who nil declared that he propose* co run gam bling out of Birmingham „le Miys he •« saUntied that the i>lg house- where gambling is • > onducted have rot closed up th*?lr door*, and :h;.t every effort ' ill b« made to bring to Justl the men who persist In vio lating the law. Dana, Longfellow's Grandson, Quits Toil AMBR1DGH, MASS I 'e- . 19 — Edmund T. Dan*. the Socialistic grandson of tha poet i.«*ngfellow, hex given up the idea of earning a liveli hood by manual labor. He ha* accepted a professorship of philosophy at Washington College. Chej-tertown. Md. Dana has worked as railroad fireman, farm hand and cur conductor. Special Services For Business Men! Dr John E White, of the Se ond I Baptist Church, ha* arranged a npe-i Hal business men's service for Sun day morning. I)r. Edwin M. Pot eat,, president of Furman University, will deliver an address at il o'clock or* •‘Spiritual Objectives for Men of Busi ness ' Macon Youth Gets 3 Years for Slaying MACON. Dec. 19 Manx Wooten was sentenced to three year* in the State's prison for killing Tom Smith in u quarrel over 80 cent*. The Jury recommended inert F PERMITTED HI WHET BILL All Is Quiet After Fear of Lynching &A HEIGH. N. Dot Washington. do< ••.—An amendment to the eurru. Dili pro posed by Senator Craw fort and per mitting rn» mber bank* t<» lend one- third t,f their t:rtn» depos t* on farm lands was accepted by the Democrats to-day in the final skirmishing lead ing up to the vote; on tin* measure. Tit, draft made by the nu' us pro vides for farm loans only to the ex tent of 25 pi r cent of capital and sur plus. •Senator Xewlsnds offered an amendment to restrict the number of regional reserve banks to eight but Senator Owen instantly indicated t it the Democrat* will accept no change In thin provision. Senator Cummins’ amendment to permit, regional reserve banks to dis count trie commercial paper of indi viduals or corporations without He indorsement of the member banks .n the event the banks refuse usual a - eoinmodation* to customers was de feat ed, 4 7 to 28. An amendment declaring it to be the polit y of the Government to rip ply all surplus earnings from reserve bank* .md other sources to a reduc tion of the national debt, offeied by Senator Weeks, was defeated. 44 *o 4 0. Administration leaders ,r. the r’.en- ate to-day planned to hasten the r>i- «age of th* currency bill and r-*-nd ’ immediately to conference. It i* ex pected that the bill will be passed early this afternoon. Senator * >wen and Representative Glass will head the Senate ami Hon c Conference Committees, respectively, owing f o the advance w<»rk tione by arrency leaders In Congress vcitii Secretary of the Treasury McAdof), a report by the Conference Committee may be made to-morrow. It is • er- tuln that it will be made not later than Monday. An amended print of the measure, was prepared for the wo* of the Sena tors. so that they may understand readily she changes made in tfr»* meas ure. Ift.-—Adju- ! tant General Young telephony*’ a t- trig Governor Daughtridge from I, :u- j her Bridge to-day that everything I was quiet there following the killing of Muck Brown, a prominent white man. by v. negro named Dupree It was feared a lynching would 1 allow t'.e Capture of . Dupree, and thy Adjutant General hurried to Die scent erterday afternoon ’•» *e charge of 'he militia. Dupree had not been aptured ;it noon to-day. Hardaway Young Granted New Trial All,HIT.K, ALA., Deo. 1».—The Court | uf App**Utf to-day reversed the cane j of Hardaway Young, former presl- ; <!. nt of the Southern Hardware and I Supply Company, '.vhirh slnee has ; g,,no,out of existenoe through bank- ■ : uptcy, the former official huving been convicted In the Mobile City Court on June j<t of the embezzlement of notes, drafts and cheeks to the amount ot $125, with :r sentence of three years ir. the State penitentiary. Base ment 1,000 pairs Women’s and Chil dren’s Felt Slippers, three weeks overdue from manufacturer, have just been received. They must be sold at once. Your choice of any grade or style, Z'*® Pair Dainty crochet Slippers: all eol- Boudoir Slippers, with pompon, all colors, choice 59c Best Jellico Lump Coal $4.50 PER TON Orders accepted at this price on FRIDAY and SATURDAY only. All grades of steam coal for the furnace. Henry Meinert Coal Co. Both Phones 1787. SHOES *0* t UERV800V •< \ FRE ) S. bT EWART CO. 25 Whitehall Street THE “DA Y STORE’S” XMAS GIFT TO YOU! As ever the “Day” store is looking out for the interest of its patrons —and all its patrons are its friends. During the past year this store has benefited thousands, and now this same store is ready to help you meet Xmas in the right way- Well Dressed -and are offering you JANUARY prices in DECEMBER. These cut prices DO NOT alter our credit system—the easy way of buying clothes on the payments of $1.00 A WEEK $1.00 <(D MEN ! <U) <B> WOMEN <G> m Xmas Bargain No. 1 Real nobby, stylish Overcoats, the big, warm kind, some with belted backs and some with the new shawl collar, for $12.50 to $35 Xmas Bargain No. 2 A “ten strike” bargain in men’s up-to-date winter suits for $10 to $30 Xmas Bargain No. 3 CHILDREN’S SUITS The kind that tf*0 makes the little fellows happy, for vd IU vAv $12.59 lo $30 Xmas Bargain No. 1 An immense stock of well-tailored ladies’ suits that sell anywhere for $15.00 to $45.50, for Xmas Bargain No. 2 Big, warm garments in all the pop- (P'7 CA Ir* (?*)r ular styles and materials, for vol) Xmas Bargain No. 3 FURS, like diamonds, are constantly^ n rr A (Pon increasing in value. Beautiful sets forvGdv Xmas Bargains In Shoes—Hats— Indian Suits— Raincoats, etc. Tm Xmas Bargains In Raincoats— Waists--- Milli nery and Shoes, MEN AND RELIGION BULLETIN NO. 89 Christian Civilization Against Liquor Degradation “He will lift up an ensign to the nations—and they shall come swiftly—Isaiah 5:26 Throughout the known world there is evidence of the spirit of God at work. Everywhere in all nations men and women are rising up to fight against evil. In nothing is this more manifest than in the fight against the liquor trade. The Iron Chancellor, Bismarck, said: “If the workmen's protective code could be extended to protection against the drink devil, a great part of the social question would be solved at cnce. The Emperor William of Germany has said: "If you educate the people to give up alcohol—if you stand for these principles—my people will be raised morally. This is a work in which I beg you to participate.” Casimir-Perier, former President of France, is a leader in the fight against alcohol in that country. M. Georges-Clemenceau, Ex-Minister of State of France, has written: “Alcohol . . . takes more or less time to kill its victim, but it very quickly makes of him an individual of poor quality. . . . The destiny of that people which is unable to react against a moral and phys ical degeneration accepted in exchange for a degrading pleasure is sealed.” The Belgian Minister of Justice has stated: “You will never solve the social question until you have vanquished alcoholism. Because of it all reforms are doomed beforehand to sterility.” Leader of the Belgian Social Democracy, Emile Vandervelde, said: Frankly, I see no reason for waiting f or the morrow of the social revolution before we stop poisoning ourselves.” Victor Adler, leader of Austrian Social Democracy, has said: “I hold the fight against alcoholism to be one of the most important parts of my personal work.” The English Licensing Bill of 1908 would have closed between twenty and thirty- two thousand drinking places. The House of Commons adopted it by a vote of 350 to 113. Every member of the Labor Party voted for it. The House of Lords defeated it. One hundred and thirty of these noble men, peers of the realm, voting on the bill, were either brewers or shareholders in brewing and distilling enterprises. You have heard it said, “Beer drinking is harmless—particularly as it is done in Germany. ’ ’ Dr. Emil Muensterberg says: “FIFTY THOUSAND INSANE ARE IN GERMAN ASYLUMS YEARLY. WHOSE SICKNESS CAN BE TRACED BACK TO ALCOHOL.” Munich is the greatest of brewing and b eer drinking centers in that great country. At its October-fest— ' The first week a drunken attendant w as fatally stabbed. Some days afterwards two people were injured in the same way. ‘ ‘ The last Sunday ... in a single bee r booth, the Baurosi, no less than forty-eight persons were wounded, among them two policemen. “The sanitary corps was obliged to order more beds, since the drunken women handed over to them were so numerous. “In all, 363 cases of wounds . . . 143 of sudden sickness. Of these 116 were wo men.” In a signed statement, 800 professors and physicians of Germany declare: “Drinking customs bring degeneracy, poverty, sickness, vice, crime, madness and death. . . . A ’'5: ' ‘ ‘ Thousands die yearly because of the dr unkenness of others.... ‘‘We recall the many accidents—the endless cases of assault and murder. . . . “WE REMEMBER THE UNNUMBERED FAMILIES WHO HAVE BEEN MAL TREATED BY DRUNKEN FATHERS. "We recall the hundreds of thousands born sick and wretched because of drunken ness.” Dr. Von Bunge is professor of physiological chemistry in the University of Basel. He knows beer. He says: ‘' Such horrors as a great modern joint stock brewery perpetrates are unrivaled in the whole world’s history. Men in past centuries were made chattel slaves. But the slaves kept their health. Men have been killed by thousands. But the children of the murdered remained strong. Now they make slaves of them and murder them at the same time. ' They kill them with their children and children's children.” Your Prohibition Law is only a part of a world movement against this curse. When your Chief of Police and the Fore e close locker clubs that are violating this law- When juries, as in Savannah yesterda y, convict men of violating this law— They with you are only obeying God's call. Everywhere His children are moving forward. The Executive Committee of the Men and Religion Forward Movement