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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=