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UEARST’S SUNDAY AMERICAN, ATLANTA, C,A.. SUNDAY. DECEMBER 21, 1013.
9 A
HOUSE REJECTS SENATE
Glass, Co-Author of Measure, Assails
Upper Body’s Draft on Several
Points—Fear of Money Stringency
Is Rapidly Becoming Allayed.
WASHINGTON, Dec. 20.—After five
hours of wrangling to-day, the House
the Glass-Owen currency bill to
inference, with rejection of all Sen
ate amendments to the original House
hill except those extending from 60 to
o0 days the maturity of bank loans
on paper based on farm products and
permitting national banks to loan on
• ve-year farm mortgages.
Representative Murray, of Okla
homa, met defeat, 254 to 59, on a mo
tion to concur in all Senate amend
ments and to pass the bill approved
by the Senate.
Ho was defeated also in a motion to
mstruct the House conferees to agree
with Senate amendments limiting to
seven the membership of the Federal
Reserve Board and prohibiting Sen
ators and Congressmen from mem
bership on this board or on the boards
of regional and reserve banks.
The latter provision was inserted
in the bill at a late hour by Senator
LaFollette and is believed to be a
thrust at Senator Owen, chairman
, f the Senate Banking Committee,
who is identified as an official with
a number of banks.
Glass Assails Bill.
Chairman Glass, of the House
Banking and Currency Committee,
asked that the bill be sent to con
ference because its enactment into
law in its present shape would be a
unity” to the country. He fur
ther said that there existed no chance
that any agreement on a currency bill
could be reached with the Senate be
fore Monday.
Mr. Glass, in opposing the Senate
reserve clauses, said:
‘‘l T nder these provisions the total
reserves of the banks in the system,
both in, cash and in credit, with the
reserve banks would be less than they
are now holding in cash. Within a
few months under these provisions
we would have a saturnalia of ex
pansion and wild inflation.
Deposit Guarantee Scored.
Mr. Glass said that the Senate
bank deposit guarantee provision was
a “mere pretense” and wab not work
able.
The House conferees on the bill are
Chairman Glass and Representatives
Korbley, Democrat, and Hayes, Re
publican.
The Senate conferees are Senators
Owen, Reed, O’Gorman, Pomerene.
Shafroth and Hollis. Democrats, and
NMson, Bristow and Crawford, Re
publicans.
Representatives Hardwick, of Geor
gia, and Madden, of Illinois, were de
feated in efforts to have the House
name as numerous conference body as
the Senate.
Conferees in Night Session.
Following the appointment of man
agers of the House on points of dis
agreement between the House and
Senate on provisions of the bill, the
conferees met in the Senate confer
ence room. They will sit tonight and
most of to-morrow in the hope of ad
justing differences. Unofficially, they
met during the morning, but could not
reach an agreement.
The principal points of difference
which must be compromised are the
number of regional reserve banks,
guarantee of deposits, length of ma
turity of commercial paper with re
gional banks and percentage of gold
reserve to be required against the cir
culating notes.
Mann Offers Substitute.
Republican Leader Mann offered
the Hitchcock bill as a substitute tor
the Glass-Owen bill, but did not
press it to a record vote.
Banks’ Fear of Panic
Waning, Senators Say
W ASHINGTON, Dec. 20.—Any fear
ihat may have been felt by bankers
or the general public that there will
be a dangerous stringency of money
during the period between the vaca
tion of the old order of things and the
inauguration of the new currency
system is allayed, Senators declared
to*-day, through the extension and
modification of the Aldrich-Vreeland
act in the currency bill now in con
ference.
Notwithstanding the transfer of
funds through the subscription of the
the shifting of reserve to those banks
capital stock of reserve banks and
"Law Bros, for Quality’
Home of Men’s Gifts
TPHE man does not live
* who does not appreci
ate a gift of apparel, chosen
with the same care and
discrimination he himself
would use. That’s one secret
of the satisfaction of gift
choosing at the Law Brothers
store. We have only goods of
honest, dependable quality, such
as critical men endorse and any
woman may choose with safety.
List of Helpful Xmas
Suggestions
Neckwear (Silk and Velvet), remarkable assortment, at
50c to $1.50
Silk Sox, all colors (boxed), pea pair 50c to $1.50
Handsome Belts, with initial buckles, at $1.50
Men’s fur-lined Gloves at $3.50 to $5
Men’s Gloves at $1 to $2.50
Men’s Initial Linen Handkerchiefs (6 in box), per box $1.50
Men’s Initial Cambric Handkerchiefs (6 in box), per box 75c
Men’s fine Linen Handkerchiefs (6 in box), per box $2 and $3
Leather Collar Boxes at $1, $1.50, $2, $2.50 and $3
Knitted Silk Scarflers (in boxes), at $1.25 to $3.50
Men’s Handsome Umbrellas at $3.50 to $12.50
Men’s Lounging Robes at $3.50 to $8
Men’s Silk Lisle Sox (4 pairs in box), per box $1.00
Men’s Shirts at $1.50 to $5
Men’s White Silk Handkerchiefs at 75c to $1.50
COMBINATION SETS
Lounging Robe and Slippers $5 to $10
Silk Sox, .Tie and Handkerchief (in box) $1.50 and $2
Sox and Tie (in box) 75c, $1 and $1.50
<(Jr\ Silk Sox, Tie and Reefer (Full Dress, in
I Jkv box) $3.50 and $5
p \5ti9? Suspenders and Garters (in box) $1.00
No Charge for Xmas Boxes t
has been arranged In th^ law to ex
tend over such periods of time an
may not affect the finance of the,
banks. The mere contingency of a
shortage of money, according to stu
dents of the proposed law, has been
amply cared for.
Under the emergency act of May
30, 1908, an issue of $500,000,000 emer
gency notes was authorized on
bonds and securities other than those
of the United States. Although this
vast sum of circulating notes was
at once prepared they have been
stored in the treasury vaults for more
than four years and not a dollar of
the currency authorized by the Al-
drich-Vreeland act has been put In
circulation.
Available in Panic Time*.
That law made the notes available
only In times of Imminent danger or
panic, because of the high rate at
which they were taxed. This tax be
gan at the rate of 5 per cent per an
num for the first month, increasing
at the rate qf 1 per cent for each ad
ditional month up to 10 per cent. This
was a prohibitive rate, the same tax
that drove the notes of State banks
out of existence.
One or the last amendments agreed
upon in the Senate yesterday ex
tended this emergency act until June
30, 1915, by which time the new sys
tem, it is presumed, will be in active
operation. In addition the tax
against these* notes was materially
reduced. If needed they will pay at
the rate of 3 per cent per annum for
the first three months and after that
at the rate of 1-2 of 1 per cent for
each month up to a total of 6 per
cent.
Under this lowered tax it is be
lieved the banks would not sniffer if
they were required temporarily to
take out currency under the terms of
the emergency law and lawmakers say
there could be no legitimate, excuse
for bankers either to fear or to cre
ate a stringency in the currency.
Reserve Board Important.
Under the most favorable condi
tions it will require some time to put
the new law into operation. Before
anything can be done the member
ship of the Federal Reserve Board
must be determined upon. It is un
derstood that the President has been
giving this important question some
consideration, but has not reached
conclusions.
It will be a matter to which he will
give much reflection and study while
on his holiday vacation on the Gulf
Coast. The selection of the proper
kind of men is hanuicaped somewhat
by the comparatively meager com
pensation allowed under the law. The
pay will be only $12,000, and this is
said to be not a sum sufficient to
prove attractive to the highest tech
nical and administrative talent such
as should be at the head of this great
Government body, particular!* during
the early stages of its development.
Not more than one of the members
of this board can be selected from
any one Federal Reserve District. Two
of them, “at least,” in the language
of the bill, “shall be persons expe
rienced in banking finance.”
Process Necessarily Slow.
The organization committee charg
ed with the duty of beginning the
new system, determining the reserve
districts, the cities in which the re
gional reserve banks shall be located
and notifying eligible banks to pre
pare for the change can not be organ
ized until the Federal Board has been
named, confirmed by the Senate and
organized.
Anxious to see the new system in
augurated at as early a date as pos
sible, the President will make his
choice as speedily as the great im
portance o? the task will permit, but
with the exercise of unusual diligence
Senators do not expect the nomina
tions of the members of this board
until late in January or possibly
early in February.
The qualification and standing of
these appointees will be carefully
scrutinized. Republicans have de
clared they will protest any effort
—should It be made—to fill this board
with mere political appointees.
Meanwhile, Secretary McAdoo is
conferring with the President regard
ing the personnel, and on his judg
ment the President will largely de
pend for the proper men to head the
new Federal Reserve Board.
Bank Clearings Show
Gain for Last Week
The bank clearings in Atlanta for
the week ending Saturday showed an
increase over the corresponding week
of 1912 of $2,855,672.45.
The figures for last week were $19,-
979,777.08. and in 1912 the clearings were
$17,124,105.13.
A Chance to Buy
Xmas Gifts at Your
Own Price
We have an accumulation of $125,000
worth of diamonds, unredeemed pledges,
to be sold at
PUBLIC AUCTION
Diamonds, Watches going regardless of
value. Must be turned into cash at any
price.
Sales daily at 10:30 to 12 a. in.. 2=30 to 6
p. in., 7:30 to 10 p. m.
MARTIN MAY
19 Peachtree
REPORT OF JUDGES IN
MAIER & BERKELE
Skill Test
Your Committee of Judges in the Skill Test submits the
following report:
The largest number of words in accordance with all the
rules was made by—
MRS. D. G. DUMAS, 1317 Empire Building, Atlanta,
873 Words.
The winning paper, as originally submitted, contained 1,042
words; but the necessary eliminations, under a strict application
of the rules of the contest, reduced this number to 872. Other pa
pers containing originally very large numbers of words were sub
ject to the same rigid application of the rules and the number mate
rially reduced in each case.
The second largest list, when corrected, was that of—
MISS FLORINE RORIE, 3 Brown Place, Atlanta, 818
Words.
The third largest list, when corrected, was that of—
MRS. B. K. CLAPP, 506 Spring St., Atlanta, 817 Words.
So great care was taken in the decision that an expert philolo
gist w'as employed to pass upon the lists after your Committee
had sifted them thoroughly. The work has been done with the ut
most care, and your Committee congratulates the winner as well as
the Arm that has made this interesting contest possible.
Honorable mention should be made of the list submitted by
Mrs. S. A. E. McKnight, of Red Oak, Ga. This lady, 72 years old,
wrote with her own hand a remarkable list of words.
Especially tasteful in arrangement were the lists of—
Miss Dorothy Asbury, 493 Ponce DeLeon Avenue, City;
Mrs. B. G. Forsythe, 64 Williams Street, City;
Mrs Randolph KUlott, 99 West Peachtree Street, City,
"William N. Steele, Tuskegee, Alabama.
Among the larger lists were those of
Miss Gladys Nichols Payne. 50 C. C. Davis, Athens, Ga.
Bonaventuro Avenue;
Miss Ruth Benson, 251 Ponce De
Leon Avenue;
Miss Mary Louise Barnes, Ope-
lika Ala. ■
()pie siappey, Thomasville, Ga.;
Mrs. Gordon N. Hurtel, 257 Grant
Street. City;
Howell N. Cobb, 45 East Ninth
Street, City;
Miss Evelyn Stephens, 920 Peach
tree Street, City;
Lewis Munfoud Peeples, Carters-
ville, Ga.;
S. C. Dominick, Box 1718, Car
rollton, Ga.;
Miss Nannie Louise Hill, Ncwnan,
Ga.;
Anna E. Castles, Atlanta, Ga.;
Miss Ethel Stallings, Newnan,
Ga.;
Mrs. W. S. Freeman, Columbus,
Ga.;
South
Mrs. Hal W. Cline, 354
Boulevard, City;
Mieses Effie and Lucile Davis,
Macon, Ga.;
Mrs. H. M. Franklin, Tennille,
Ga.;
Mrs. J. E. Hooten, McDonough,
Ga.;
Mr. Lawrence Brumby, Marietta,
Ga.;
Mrs. C. L. Harris, Atlanta, Ga.
Miss Sallie Walker. Atlanta, Ga.;
Mrs. S. A. E. McKnight, Red Oak,
Ga.;
Mrs. R. E. Todd. Atlanta, Ga.;
Mrs. A. C. Edwards, Athens, Ga.;
Miss Gertrude Mason, Atlanta,
Ga.;
Mrs. John M. Flynn, Atlanta, Ga.;
Miss Leila Tuller, Atlanta, Ga.
FREDERIC J. PAXON,
WM. M. SLATON.
JENNIE ARMSTRONG SPAIN, Judges.
MAIER & BERKELE, inc.
Gold and Silversmiths
Established 1887
31-33 Whitehall St.
Atlanta, Ga.
—r
Collections Will Be Taken in All
Churches of Denomination to
Aid Charity Patients.
Sunday will be collection day for
all tiie Methodist churches in Geor
gia for charity patients of the Wes
ley Memorial Hospital of Atlanta.
Notices have been sent out by the
Wesley Memorial Enterprises, calling
attention to this subscription, and
ministers and Sunday school superin
tendents have made announcement
through pulpit anti from Sunday
school rostrum. Talks on the fund
will be general in Methodist churches
Sunday.
This fund is collected yearly
through the churches, for the benefit
of patients at the institution unable
to pay for medical attention. A sum
of several thousand dollars Is raised
yearly.
While the Wesley Memorial Hos
pital does not make a specialty of
charity patients. It admits a class of
patients to free beds. Others, able
to pay, are charged the regular rate
for hospital accommodations.
The hospital is the property of the
Methodists of the State and is con
trolled by North Georgia and South
Georgia Conferences through a board
of trustees. It treats many patients
of other denominations and natives
of other States.
C. 8. SHELTON
DEMOCRATS
League Elects Officers for 1914.
Plans to Entertain President
Next Year.
The Young Men’s Democratic
League met in the rooms of the new
Municipal Court in the Temple Court
Building Saturday night and elected
officers for 1914.
Charles B. Shelton was named
president to succeed E. D. Thomas.
W. M. Smith was elected first vice
president, T. B. Arnold second vice
president and S. A. Martin secretary.
Walter P. Andrews was named
chairman and Lamar Hill vice chair
man of the reception committee, Os
car Mills chairman of the executive
committee and Claude C. Mason
chairman of the elections committee.
The league expects to entertain
President Wilson when he comes
South next, year and to do other
things for the glory of young Democ
racy in Atlanta
The honor of the organization is
great despite the smalt attendance at
the annual meeting, for all good men
and true who vote the Democratic
ticket in Atlanta are counted among
the members.
JACOBS’PHARMACYi
With
We Are Prepared to Help You
Your Holiday Gifts
Better and bigger than ever—our Holiday stock is up to the mark in
every respect. Gifts for men, women and children. With the Annex,
10 & 12 Marietta St., we doubled our capacity for display. Hundreds of
acceptable gifts in Toilet Sets, Manicure Sets, Travelers’ Sets, Razor Sets,
Shaving Sets, Perfumes, Stationery, French Ivory, Thermos Goods, Mesh
Bags, Cloth Brushes, Military Hair Brushes, Mirrors, Desk Sets, China/
Pictures, Clocks, Pencil Sets, Christmas Cards, Calendars,
tain Pens, Candies.
Dolls, Foun-
HOLIDAY STATIONERY
Initial Correspondent, < ’ards and Stationery,
from 35e to 50c values.
35c
Hurds—2 quire box paper—note and letter
Long, flat floral or holly box—3 quires (Pi
and 3 sizes, Hurds best linen paper . . . -/ .C/C/
Hurds beautiful combination box—gilt (Pi
edge cards and stationery *p 1 .*2 U
Poinsettia and Holy boxes, fine linen
paper
Juvenile paper for little
folks -
25c
25c
New cream tint paper and correspondent A
cards, gold and brown initial ttC/C
Handsome
gift boxes .....
$4*00 and $8.00
SPECIAL
Colgate’s* Perfume
Sets, Miniature, 25c,
reduced to
15c
PERFUMES AT SPECIAL PRICES
ROGER AND GALLET.
Sets—Vera Violetta
Bouquet ties Amours.
2 bottles in handsome leather ease $2.79.
Fleurs des Amours, satin ease. 2 1-4
ox $4.00.
Vera Rosa Mareehal Niel 2 1-4 oz. $1-39.
L. T. Piver.
Toilet Waters $1.35.
Vegetales, Special 69.
Extracts, 1 1-4 oz. bottles 1.25.
DJER KISS
Djer Kiss Extract, 1 1-4 oz. bottles, $1.25.
Djer Kiss Extract, 2 1-2 oz. bottles, $1.69.
Djer Kiss Toilet Water $1.25.
Djer Kiss Toilet Water $2.10.
PINAUD
Lilac Vegetale 59c.
Violette Toilet Water 85c.
COTY
Jasmine Extract $4.85.
Muguet Extract $2.50.
L ’Origan Extract $3.00.
L ’Origan Toilet Water $2.50.
V. RIGAUD
Marv Garden Extract, $1.00, $2.00 and
$4.00.
Mary Garden Toilet Water, $3.00.
Trentini Extract, $2.50.
Carolina White Toilet Water,.... $4.50.
HOUBIGANT
Quelques Fleurs, $6.76.
(Handsome satin-lined ease.)
Ideal Extract, 1 1-4 oz. bottle, . $2.50
Couer de Jeannette, 11-4 oz. bottle, $2.35.
DRALLES ILLUSION
Muguet, $1.50.
Rose, .... $1.50.
Violette $2.00.
HUDNUT
Toilet Waters, 8 odors, 75c, $1.40.
Sets—2 one oz. bottles Extract in
ease, $1.00.
8 oz. bottle Extract, eutglass
stopper $5.00.
VANTINES
Toilet Waters in Jap Oriental
boxes, 75c and $1.00.
Extracts, 50c and 75c.
VIOLET
Rameau Fleuri $3.75.
Bouquet Farnese $3.50.
BOURJOIS
Beautiful hand-painted boxes—Vio
let Rose and etc $4.25.
Toilet W T aters, 8 oz. bottle, $2.25.
Concentrated Extracts, Jasmine,
Rose, Violette and etc $7.00.
SPECIAL
Reiger’s Flower
Drops
ALL ODORS
$1.50, reduced to $1.00
Jacobs’ Pharmacy
Main Store and Laboratory, 6 and 8 Marietta Street
23 Whitehall St.
102 Whitehall St.
514 Peachtree St.
70 W. Mitchell St.
Marietta and Forsyth Sts.
1’nder Bijou Theatre.
423 Marietta St.
152 Decatur St.
216 Peters St.
245 Houston St.
216 Lee St.
West End.
4=