Newspaper Page Text
12 D
irEARST'R ST'NDAY AMERICAN’ \TI
D \V
DECEAIBE
21. 1211.
Latest Reports From the World’s Great Markets—Cotton, Grain, Stocks
BEST CHRISTMAS GIFTS.
DECLARES BJ. FORBES
Dividend-Paying Investments Give
Increasing Interest as Years Go By
and Provide for the Future of
Children—Extravagance a Curse.
By B. 0. FORBES.
Don't you wish they devised Christmas and New Year presents
that would make money instead of eost money and prove more or
less useless?
Wouldn’t it be fine to discover some sort of
gift that would earn money every day of the
year for the party receiving it?
Wouldn't such a souvenir, such a token of
friendship, be worth while?
Wouldn't it constantly keep the giver in the
mind of the recipient as it silently, smoothly,
persistently, garnered money and laid it in the
lap of its grateful owner?
If a gift possessing such qualities and abili
ties could be invented, Christmas and New Year
giving could become a genuine, lasting blessing.
Well, is there such a gift obtainable at a cost
not beyond the pocket of mbderate size?
Can there be found a present that, while costing less than a
king's ransom, will from the moment it is bestowed begin without
•tight of trouble or attention to
More Facts Bared in
Deals of Frisco Road
Seven Directors Put Through
the Brownsville Pur
chase.
ST LOUIS MO., Dec 20—In the pe
tit Ion filed by the Frisco receiver* ask
In* United States Circuit Judge Han*
born whether they should file suits
against certain Frisco officials and di
rectors for restitution of profits alleged
to have been made In the now cele
brated Brownsville deal, a part of the
official record brings to light
That the resolution authorizing
the purchase of the Brownsville
Railroad for $12,500,000 was passed
by seven of the thirteen Frisco di
rectors a bare quorum- -at a
meeting in New York December 1,
1009, all of the seven voting for the
deal.
That four of the seven directors
were Frisco officials and employees
subordinate to the chairman of the
board, B. F. Yoakum.
That Yoakum, James Campbell
and the late Edwin Hawley, own
ing an aggregate Interest of $711,-
8*3 33 In the Brownsville syndicate
which was selling the railroad to
the Frisco, and who made an aggre
gate profit of $642,000 in the deal,
stepped out of the directors' meet
ing and thus avoided actually vot
ing on the resolution.
That on November 14, 1910, nearly
a year after the Brownsville deal
was made by the directors, a blan
ket resolution providing for ths
ratification and approved of “all acts
of the directors, as recorded In the
minutes of their meetings, was
voted upon and passed at tne regu
lar annual stockholders' meeting
•■arn money daily, weekly, month
ly, yearly for its possessor, a gift
that, if simply deposited in a
suitable place, will in time dou
ble and triple its original cost
without one ounce of effort on
the part of its owner?
There are such Chrtztmas and New
Year gifts.
What nre they ?
Baby bonds costing about $100 each.
Also half-size, or $600, bonds and
the full-grown variety worth $1,000.
Then, too, there are stocks, stocks
of thoroughly sound railroads, public
utility corporations, industrial com
panies and the like
Just think how sensible it would*
be to buy your wife, your children,
cherished relatives or valued friends
In modest circumstances a trust
worthy interest-bearing bond or divi
dend-paying stock in place of some
more or less useless flurngummery.
A good bond or stock would not
have to be constantly dusted. It
would take up no needed air space,
would not he in the way, would not
become dilapidated; it would not wear
out in a year or two
No; it could simply be placed in a
bank or trust company and allowed to
lty there, accumulating interest ordiv-
dends, on which newly earned sums
the institution would allow you more
Interest, so that each year your hank
roll would grow thicker and thicker,
faster and faster, after the manner of
a rolled snowball.
Value Would Double.
Suppose you were to buy one one-
hundred-dollar bond for your baby
or other young child and let the In
terest accumulate By the time the
child finished the primary school the
one hundred dollars would have grown
into two hundred dollars.
Or if you could, by strict economy,
repeat the one-hundred-dollar bond
gift every Ohrisiinas. think what a
nice sum would be lying in the bank
ready to put your son ‘>r daughter
through college or to give them a
• omfortable start in life.
I know a man re. elving only a
burly good sa .vry. who. realizing the
immeasurable benefits of a thorough
• duration, lias carefully exercised
frugality in order to sh\ e enough to
give his sons a college* course, and
,ds method has been to purchase, aft-
i-1 the fullest investigation as to safe
ly, etc., an attractive bond or stock
or each cne Just as often as he could
scrape together the necessary funds.
And let me tell you that this man s
gpp net* is eni abb lit c&rriei i It h
itn a -ense of duty well clone, lie
kuows in ids heart that he has prac
tjeed every reasonable self
?h»* fake of those whom
brought into the world.
Thought It Out.
I thought it all out long ago." he
told me the other day when he came
io ask me about the merits of cer
tain securities. “I saw that if 1 did
i ol begin to sa\c right then and keep
j p adding a little every month, 1
would not in all probability be abb*
Id provide a college education for my
boys. So 1 hit upon the plan of In-
Nesting in the best securities on their
behalf
"Monet makes money, you know
After a few year- 1 found that 1 was
not the only worker for the family.
** “My children’s investments were
forking splendidly, making more
money every year, of course, as 1 let
1 }jg interest accumulate In the tank
until there was enough to make it
worth while to take out to help pay
i'or another bond or stock.
"To-day I feel very comfortable
'The Eldest boy," he added, "is
"about to graduate front high school,
and there is now enough lying to his
t-redit in the bank to put him through
.•j <• of the best universities in ths
•’oimtry.”
Perhaps you will say that YOUR
savings are so tina.ll that it would
not be worth bothering about buy
ing a bond or a stock.
"Baby” Bonds Grow Up
DESPISE NOT SMALL THINGS.
"BABY" BONDS GROW UP IK
LEFT UNDISTURBED. THEY MUL
TIPLY
The important thing is to begin in
vesting. The moment you buy a se
curity you become a capitalist—Just
as sure thing a capitalist as John D
Rockefeller or Andrew Carnegie
You harness your money. You put
your money to work You not only
help yourself, but you thus provide
the means for developing your coun
try’s scarcely scratched resources
And let me tell you that the United
States needs to-day, more almost than
any other material blessing an army
of frugal men And women who will
contribute their savings to enable
more railroads to be built, more land
to be cultivated, and so more ma
chinery to be provided, more mer
chandise to be produced, more textiles
to be manufactured, more ships to be
built, more parks to be opened in and
around cities, more facilities to be
created for the health and comfort of
the poor everywhere.
Saving Spells Progress.
Saving—yes. HAVING — Is the
foundation on which all such prog
ress is based. Unless some people
consume less than they earn there
can be no surplus, no new capital for
any new purpose whatsoever.
The citizen who saves is a
patriot.
The citizen who sinks Into debt
through extravagant, riotous living
is a curse to his country.
Are you not a little more inclined
now that you see things in this light
to exert yourself to begin saving?
Don’t you realize that by so doing
yog will better perforin your duty to
your beloved country?
If you can’t be moved to econ
omy by any selfish consideration,
will you not respond to the larger
appeal of patriotism?
1 have never known a poor per
son regret having laid aside money
to tide over a rainy day.
I have heard many of them be
moan. with anguish of soul, their
carelessness. their heedlessness,
their recklessness, their thriftless
ness, after It was all too late.
Haven’t you?
Would Speak as Prophet.
So often have I seen the misery
that poverty breeds that I would to
heaven that 1 could now speak with
the tongue of a prophet that my
words might be heeded by thousands
ere It be too late.
Americans are lamentably behind
other nationalities ir» laying aside
nest eggs in savings banks.
Only one persons in every hundred
of our population has a deposit in a
savings bank. In Switzerland one of
ever) two ot’ the in luil'.mm*
savings depositor, while in France,
Holland. Germany and England one
In every three (in round figures) has
« savings account.
1 wonder, too. how many of the
i American depositors are aliens?
Would you guess one-half? 1 think
you would be well within the mark.
That would leave only one Amer
ican citizen in every 200 a "saver.”
Isn’t that disgraceful?
Most Extravagant Nation.
We are the most extravagant
nation on the face of the earth. Most
of us indulge in luxuries unknown to
nine-tenths of the people in other
•nlal for j countries Even those of us who
he has I are of the "working class" go in for
more costly and more numerous
pleasures, clot lies, eatables, vacations,
etc., than the corresponding classes
of any European land
Do wc not love ostentation over
much? Are we not too prone to ape
those better circumstanced than
ourselves? is not envy one of our
flagrant national characteristics and
curses? Are not our shopgirls, our
telephone girls and our stenographers
obsessed by the notion that they must
immediately copy the clothes of the
Vanderbilts, the Goulds, the Asters
and other plutocratic families? And
do not our $10-a-week clerks and
many of our artisans overreach
themselves in a silly pride-born de
sire to cut the dash of a million
aire? ,
Such foolishness not only costs
money, but it squanders time. It
leaves too little leisure for mental
repose or for mental exertion, too
little opportunity for self-culture, too
little time for learning the art of liv
ing which, after all. is the end we
all have in view’.
SAVE! SAVE! SAVE!
[Thin article will appear also in
Hearst’s Magazine and other Hcarst
publications.]
800-Mile Railway Is
To Be Built in China
Special Cable to The American.
PEKIN. Dec. 20.—-Negotiations have
been concluded by Lord French, rep
resenting Paulllng A Co., of London,
for financing the construction of 800
miles of railway from Shat-sze, on
the Yangtsze River, through Chang
Te. Yuan Chow and Kwel Yang to
Sing Yl-fu, connecting with the
French line to be built from Nanking
to Y unan Fu.
The contract provides for a branch
from Chang Te to Chang Sha.
This is the first agreement for con
structing a railway In China with the
contractor's profit provided for on a
I fixed percentage basis. It inaugu
rates a definite railway system, with
Hankow as the center, advocated by
an American, George Bronson Rea,
i who also is responsible for the Intro
duction of the percentage contract.
Gossip Hurts Trade;
Merchants Ask Help
MILWAUKEE, Dec. SO.—Constantly
recurring reports of impending cloo
ter to several business houses here, in
cluding one bank, drove merchants af
fected to appeal to the District Attor
ney for warrants under the new State
anti-gossip law. One department store
was said to have suffered a loss of $25,-
000 in volume of business.
The District Attorney convinced the
complainants that to Issue warrants
would be only to give additional publici
ty to the reports, and Instead, issued a
public warning.
Gold of Yukon Goes
To Big Corporations
EDMONTON, ALTA, Dec. 20.—
More than $6,000,000 In gold was taken
out, chiefly by the Guggenheim#* and
the Boyles, operating in the Yukon,
according to Dr. Alfred Thompson.
M. P
The production of gold by individ
ual miners was comparatively a neg
ligible quantity,” Dr. Thompson add-
ed “Most of the gold was taken out
by dredges, the two big companies
ea:h operating four mammoth dig
ger*.
Two of the dredges operating on the
Boyle concession are among the
largest in the world”
World Has Been on a
Debauch, Says Kahn
new YORK, Dec. 20. —Otto H. Kahn,
of Kuhn. Loeb & Ctx, sees the situation
thus;
“The world has been on a debauch,
financially and commercially. But the
United States, being more naturally re
sourceful than the European countries,
will be the first to recover.
‘Our present dullness will therefore
turn for the better. It is only a ques
tion of time.
“The currency bill, even if materially
modified, will not be wholly satisfactory
to banker**.. and certainly can not meet
the approval of financiers who lav
stress on scientific methods of finance
Net It will do more good than harm;
that Is. In the balance It must prove
beneficial.
Wells-Fargo Co. Head
Denies Huerta Loan
NEW YORK. Dec. 20 R D. Caldwell,
president of the Wells-Fargo Compaq v.
announced yesterday that he had Issued
explicit directions that no efforts he
made to get concessions from the Mexi
can Government, and that n.> money
be loaned the Huerta administration.
A report said his company had loaneA
$375,000 in gold to the Mexican Govern?
inent
Indeed, despite Mr. Caldwell’s denial,
belief prevails in the financial <ii- t
that the company did loan money, and
it was pointed out that Mr. Caldwell’s
statement did not deny that the com
pany had given money to Huerta
Is Business Poor?
Buy a Barometer
BOSTON. Dec 20—Business men
should conduct their affairs on the ad-
. vice of the barometer, according to Dr.
Colin R Scott, professor of psychology
in the Boston Normal School
“When the barometer is high.” says
Dr. Soott "pulses are high and there is
activity everywhere In April. May,
June and July, when the pressure is low
there are more violent crimes house
breakings anl murders Also there are
more suicides This is because of the
depression caused by the low pressure.**
Dr Scott’s theory is that merchant*
should take advantage of the activity of
the people to make their best offerings
West Friendly, Says
Rock Island Head
CHICAGO, Dec. 20. -H U. Madge,
president of the Chicago. Rock Island
and Pacific, said yesterday sentiment in
the West seemed more promising for
htgher freight rates.
“Commercial organizations.” he sal**
•'are going on record in favor of higher
rates to railroads for moving freight "
He added the Rock Island had cur
tailed unprofitable passenger train
service, and that if business continues
to s'acken other reductions will be
made He calls prospects for next year
very good.
01 PRODUCERS
Bears May Be Checked by Grad
ual Marketing of Unsold Crop.
Spot Business Small.
S3 Cents for Eggs Just
Right, Expert Figures
U. S. Department of Justice Traces Product
From Farm to City Tables.
MEMPHIS, Dec. 20.—“Will the pro
ducer of cotton, through a gradual
marketing of t*i,e unsold part of
the crop and a refusal to be
Intimidated into selling, in line with
lower contract prices, be more pow
erful, or will the professional specu
lative trader and bear prove so?” is
a very important question now fac
ing the trade. The bears have made
progress the past week
This has resulted in the shaking
out of a lot of cotton “longs” who
IumJ held on through the protracted
dullness preceding the Government
ginning report and quantitative esti
mate of the year's growth, disregard
ing the clamor about business get
ting bad and promising to become
worse.
They were assisted In this policy of
hanging on by the continued bullish'
ness of statistics as to movement of
the crop from plantation to market
and thence to the mills. The best es
timates as to probable consumption
for the year were that the total would
be well above the bearish ideas on
the crop, and the rapidity with which
the consumers had been taking the
raw material, at prices admittedly
high, encouraged the idea that bears
were not likely to try to force values
down very far below 13 cents.
Bears Show Activity.
But Just as soon as the Govern
ment estimate came, generally re
garded as quite bullish, there was en
larged activity on the part of the
bears, and results indicate that they
have met with no very strong re
sistance in pushing values downward
The pessimistic feeling as to general
business that has pervaded the stock
market for so long J>ecame prominent
in the arguments of the cotton mar
ket, and It has had restraining influ
ence on prospective buyers of the ac
tual. The movement in the belt has
held up well, and ginning during the
flrst half of this month has been
larger than bulls expected, tending to
throw discredit on the accuracy of the
official estimate on yield.
Tl$e private bureau flgureg on the
amount ginned to December 13
showed an excess of something over
100,00^ bales for the period, as com
pared with last year, which naturally
encouraged the waiting attitude on
the part of the spinners That has
been on* of the chief Influences for
lower speculative rates, as the trade
has assumed all the while that there
would be confirmation from the cen
sus department.
Holders Not Alarmed.
When the speculative market dis
played 1 ts weakness, the break ex
tending over $3 a bale before there
was serious interruption thereto, at
tention naturally turned to see what
affect It would have on the spot de
partment, as the moderate buying of
spinners for a period of several weeks
had caused an accumulation at some
centers. There was an absence of evi
dence that holders were alarrhed. and
a significant lack of pressure from
banks, despite the fact that the bears
on one day had it reported that sales
were being forced at spot markets in
the belt because of loans on cotton
being called by banks.
Quotations were reduced some
what, though it did not always mean
that holders were willing to accept
lower prices for their cotton. In many
directions there was simply a with
drawal from the market, such having
been the case here, where stock was
larger than at any city in the belt,
except at two of the ports. The inde
pendent attitude of the holders re
flected their financial strength, for
they had sold atlarge portion of their
crop at big nrlces, and banks had
^rys money advanced on the rest than
usual. Stock here has reached about
250,000 hales, the previous high rec
ord having been 234.000 bales In Jan
uary. 1911. yet the banks have not
encouraged selling or called any loans.
Soot Business Small
Business in spots has been small,
but one reason is that offers were
light. There has been talk of low-
grades pressing on the market apd of
liberal concess ons in prices on such
but the extent thereof is believed to
be comparatively small. The feeling
among those who refuse to accept the
bearish point of view, although not
helping to support the market, is that
the be.vs are being misled by the
ginning figures as to the size of the
( (Top and that they will begin to re.il.
j ize it when the January report comes
They also believe that there will be
abundant derpand for every bale of
i the present crou before the next one
is available.
NEW YORK. Dec. 20.—The various
Items entering into the cost of cold
storage eggs from the time farmers in
the Mississippi and Missouri valleys
got 16 cents a dozen for them last
spring until the eggs reached the
consumer’s kitchen this winter have
been figured out for R. W. Joyce, a
co4d storage investigator of the De
partment of Justice, as follows:
Hucksters cr freight cost. 1-2 cent;
cases and fillers, 3-4 cent; repacking
loss in breakage and overhead
charges, 8-4 cent; freight and cart
age. 2 cents; carrying charges, cold
storage (including interest and insur
ance, six to eight months). 2 cents;
jobbers, labor, loss In repacking and
overhead charges, 2 1-2 cents, making
the egg» cost, without profit to the
Western packer and to the Eastern
receiver or jobber, 24 1-2 cents a
dozen. To this amount must be
added 1 cent for profit to the packer,
1 cent for the receiver and 3 cents for
the Jobber. These figures make the
price, with normal profits to the
wholesaler. 29 1-2 cents a dozen. Aft
er giving these figures, Dr. Droste,
the expert w'ho compiled them, said:
“The retailer must average 15 per
cent profit to exist. In the flush sea
son of March, April, May and June
he scarcely averages 5 per cent. In
the winter months he must get from
25 to 30 per cent to strike his average
He makes that on his high-priced
sales. On the low-priced, even in
winter, he makes a very meager
profit.
Best Eggs Always Scarce.
The well-to-do pay him well—if
they do pay—and the poor or the
sensible buyers can get good values
at moderate prices if they are not too
proud to be satisfied with something
that is not called ‘the best.' Really
new-laid eggs are always short and
bring high prices except when all
eggs are new’ laid, as In the flush of
April and May.
"The most unsatisfactory eggs are
the ‘country held,’ held by the farmer,
the storekeeper, the country packer. ,
A large percentage is of this class, far 4
in exoens in the total aggregate of
the much-talked-of ‘cold storage
eggs.’ These ‘held fresh' come to the
receiver mixed with new’ eggs and
are more difficult to divide Into
grades than cold storage eggs.
Blame* Farmer's Cellar.
"The ‘rots and spots’ and weak eggs
are bred mainly In the farmer's cellar
or bam, In the country store, in the
shippers’ little warehouse. When
they are found in cold storage it Is
because they w’ere In this condition
before they were stored.
"The spring cost, 16 cents on the
farm, has really nothing to do with
the value In the winter. That value
depends upon conditions then pre
vailing If the fall production Is
large and consumption is small, then
values go to smash and the 24 f-2
cents cost stock is sold at a loss. A
year ago the loss was 5 to 8 cents a
dozen. If fall production is light and
consumption is large, then the 24 1-2
cents, and higher if the demand con
tinues and if the high prices fail to
draw Increasing supplies from other
centers or the production is nothing.
16 Cents Firzt Price.
"We have now the country cost, 16
cents to the farmer, and the city re
tail price, 33 cents, with normal prof
its to the handlers. If the retail price
Is less, then the normal profits have
to be cut to that extent. If the de
mand and supply do not sustain these
values prices go down and dealers’
profits disappear or become losses
and the consumer benefits. If the
demand outruns the supply the deal
ers’ profits increase and the con
sumer pays the Increase. The farm
er’s net result remains fixed from the
start, as does the profit of the case
manufacturer, the huckster, the rail
roads and all the labor engaged in
the transaction.”
Sees No Combination.
Mr. Droste says there Is no busi
ness in which competition is keener,
and there is not a vestige of combi
nation anywhere. Every dealer tries
to take the business of the other away
and the retailer tries to drive his op
ponent out of business. He declares
that the wholesale merchants can
rarely show an average gross profit
of 6 per cent on sales, including even
the years w’hen fortune favors them
In speculative ventures, and the small
retail grocer who can pay his debts
is the exception.
Alaska Railroad Is
Sold at Junk Price
Unable to Get Patents, Coal Men
Find No Use for Eight-
Mile Line.
A CHEERFUL XMAS
Is there anything so cheerful for a
Xmas gift as a Singing Bird?
We have a number of guaranteed
Singing Canaries at $2.75.
Cages from 50c up.
j. c. mcmillan, jr., seed co.
23 S. Broad St Main 940
I
Why Not Give Shoes or Slippers tor
Christmas Presents?
"The Shoe of the Hour.”
Cut or Dull Steel Buckle
Colonials. $5, $6, $7, $8.
WE SUGGEST FELT SLIPPERS
FOR GRANDMOTHER — The days,
weeks and even months, following
Christmas that a pair of soft, warm
slippers would bring you most forcibly
and pleasantly into her thoughts, when
she slips on the "comfy” slippers that
grandson or granddaughter gave her,
will far excel the little momentary
pleasure she might get from a beautiful
piece of jewelry or bric-a-brac that cost
ten times more.
FOR MOTHER—And when it comes
to mother, especially, who skimps and
saves and does without in order that
daughters may have satin party slip
pers, don’t you know that a good styl
ish, satisfactory shoe, which we can
Comfy Slippers
$1.50
All Colors
Oil Subsidiaries
Admitted to Curb
NEW YORK, Dec. 20.—Members of
the Board of Representatives of the
New York Curb Market Association at
a spirited meeting adopted a resolution
admitting the former subsidiaries of the
Standard Oil Company of New Jersey
to quotation.
The bourd almost came to a dead
lock. the number «»f approving votes
exceeding the opposition by only one.
Following is the resolution:
"Resolved. That \1W subsidiaries of
the Standard Oil Company, so-called, be
admitted to quotation on account of the
volume Of transactions, and for the rea
son that, in the opinion of this board,
the public is entitled to such quota
tions. and that the quotations of the
total sales, with the high, low and last,
be printed in a place by themselves
under the heading ’Standard OU
stocks.’ ”
Standard Oil Pays
High for Competitor
CHEYENNE. WYo., Dec. 26.—The
Standard Oil Company. operating
through a subsidiary organization, has
taken over the interests of the Wvo-
ming-Montana Oil Company in the Big I
Horn Basin.
The price paid is reported to be $2.- I
000.000 for 8.000 acre* of land, half a -
dozen producing wells near Greybuil, a 1
short pipe line between Greybuil and j
Byron and a small retinery at the lat- i
tar place.
sell you for $4.00 or $5.00, would be greatly preferred, even though the shoes cost one-half as much, to
the useless though pretty things they usually get.
FOR YOUNG LADIES—The really beautiful slipper buckles of cut steel and rhinestone and the
new and most popular tango sets, ranging from $1.00 to $10.00 a pair or set, these would be exceptionally
thoughtful and valuable presents for fiance, platonic friend or sister or cousin, as the case may be.
Be assured of one thing, if you come to Allen’s and buy anything at all for feminine friends or
members of the family, the name “ALLEN” will add that satisfied feeling of correctness which no mere
man can diagnose, and then, too, our liberal exchange or refund policy, after the holidays, will take care
of any mistake as to size or appropriateness.
r OR SOCIETY GIRL OR DEBUTANTE—A beautiful pair of evening slippers of cloth of gold or
silver satin, bronze kid, patent leather or dull kid, with the buckles that are almost too beautiful to be
l m t on shoes, even though the size did not happen to be just right, would represent correct footwear that
can easily be exchanged for the proper size any day after Christmas.
If shoes are not wanted or needed, anything in this vast store full of feminine finery can be se
lected instead, and this might to solve the problem for many men of what to give.
\\ e have helpful, ex, i l ienced salespeople, seven of them young men and two of them young women,
>e glad to give you their assistance.
who will l
All kinds of Felt Romeos,
Comfys and Boudoir Slip
pers, $1.00 to $5.00 a pair.
Come down and talk it over with Mr.
Bean, Mr. Brandon, Mr. Shellnut, Mr.
Mathes, Mr. Hadaway, Mr. Turnip seed,
Mr. Perry or the young ladies, and
maybe we can solve the problem for you
that is causing troublesome thought—
what to give.
AND THEN THE CHILDREN—
When it comes to children’s footwear we have
some of the prettiest felt slippers at $1.50 and
$1.75 Romeos and Comfys and Bootees, and
even the little kid boudoir slippers as small as
5’s, 6’s and 7’s at $1.00 a pair that will save
those little tired feet from running along on
cold floors, and therefore combine utility with
beauty and originality.
One little fellow we know of got a
pair of slippers last Christmas and he thought
so much of them that he put them under his
pillow ever}’ night.
Do you think you could get anything
for $1.50 that would cause you to be remem
bered more pleasantly?
J. P. ALLEN & CO,
NOTICE
SEATTLE, Dec. 20.—With engine*,
cars, rails and machinery for & rail
road aboard, the freighter Jeanle, of
the Alaska Coast Company, Is steam
ing for Seattle, The rolltng stock and
other equipment are the property of
the McAlpin Coal Mining Company,
organized In 1904 for operation of «
distance of about eight miles In open
ing coal mines near the Wharf prop-
ertles In the Seldovla district and on
Kachemak Bay.
The builders of the road were not
able to get patents to their coal
claims, and after eight or nine years’
delay have abandoned the little rail
road and sold the equipment as Junk.
If yon have any difficulty in buyli
Sunday American anywhere In the S
-Irculatlon Manager. Hearst’s Sunday
Atlanta, Ga.
VOL. 1. NO. 38.
House Refuses to Concur in the
Senate Amendments to the Bill,
and an Agreement Is Consid
ered Remote by Senator Glass.
Representative Hardwick of Geor
gia Balks and Insists That the
Lower Body Appoint as Many
Conferees as the Upper Branch.
WASHINGTON, Dec. 20.—The
House to-day refused to concur in
the Senate amendments to the cur
rency bill and ordered the measure
sent to conference.
The first roll call on a resolution to
concur showed its rejection by a vote
of 265 to 57. The calling of the roll
•..for the second time to catch those
who failed to answer on the first call
i was ordered.
fj The second roll call brought a vote
I of 294 to 59 against the motion of
1 Representative Murray, of Oklahoma.
This was the final roll call.
When the bill, fresh from last
flight’s victory in the Senate, was
laid before the House, Chairman
Glass, of the House Conference Com
mittee, moved at once that the House
disagree to all Senate amendments
and send the currency bill to confer
ence.
Glass Pessimistic.
Minority Leader Mann asked Glass
about the prospects for an Immediate
agreement in conference. Glass re
plied:
“I say frankly I do not see any
chance for an immediate agreement.”
1 "You do not think you will be able
to report back to the House late to
day?" asked Mann.
4 T certainly do not,” replied Glass,
who resents the action of the Senate
In appointing so many conferees on
th© bill. Glass wanted only three
conferees named by each body, and
asserted that with practically the full
membership of the two Banking and
Currency Committees acting as con
freres the conference will resemble a
town meeting.
Hardwick Balks.
Representative Austin, of Tennes
see, moved that the House agree to
the Senate amendments immediately
His motion was ruled out of order.
Glass sought to argue with Repre
sentative Hardwick, of Georgia, who
insisted that the House appoint as
many conferees as the Senate had
done. Hardwick said he never would
give his consent to the House ap
pointing but three.
Glass replied that Hardwick’s con
sent was not absolutely necessary and
that the members of the House Con
ference Committee all were agreed as
to their policy. He added that they
wanted to go home as soon as pos
sible.
Majority Leader Underwood tried
to convince Hardwick that he should
agree to the motion which would send
the bill to conference, and later fight
out th© question as to how many
hconferees should t>e named.
Prepares for Vote.
Underwood finally obtained unani
mous consent to take the bill from
de Speaker’s table and consider it,
and Representative Murray, of Okla
homa, made the motion that instead
of disagreeing to the Senate amend
ments the House should concur in
^hern, taking the bill as it came over
Tom the upper body.
Before Representative Murray’s
motion to concur could be put, it was
necessary to read the entire bill as it
l me from the Senate, Mr. Mann
demanding that all of the amend
ments be read. The-clerk accordingly
the long task of reading the
bill,
Ke Taxes Bachelors
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51-53
Whitehall
ANNISTON, Dec. 20.—The Rev.
' n D* Wing, w’ho recently came to
Anniston from Atlanta to take charge
Grace Episcopal Church, has
* 0,J kht the .Atlanta spirit with him.
' ' working up a municipal Christ-
T i s tree and proposes to tax every
i " “ bachelor in Anniston $1 fof the
* Ucp e*s of the charity.
Anniston’s bachelor Mayor, Dr. J.
• ^ ikle, may play Santa Claus.