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the ATLANTA GEORGIAN AND NEWS.
In Granting Interview to Speyer.
President Shows Disposi
tion to Learn.
By B C. FORBES.
President Wilson is now willing to
l.sten to financial reason. The Wash
ington dispatches that he granted
a 30-minuto interview with .lames
Speyer, the international banker,
have been accepted as an encourag
ing omen, for heretofore the door of
the White House had been regarded
as closed to any citizen identified
with Wall street.
• • •
Mr. Spever is one of the most level
headed. democratic, broad-minded
financiers America can boast. His
sympathies are not confined to high
finance. He takes a broad-gauge,
long-range view of economic prob
lems To him workers are not mere
animated machines, mere autorim-
tons They are human beings, cast
.n the same mould as himself. He is
active in charities and in organiza
tions that deal with the unemployed.
• • •
It is to be presumed, therefore,
that in his talk with the President,
Mr. Speyer did not fail to emphasize
the need for straining every effort
to stem the onrushlng tide of un
employment. I discussed this phase
of the situation with Mr. Speyer re
cently, and 1 know he regards it as
most important and as demanding
the most serious consideration. As
a director of concerns employing
many thousands of men. Mr. Speyer
naturally lias first-hand knowledge
of Industrial conditicfhs.
• * •
Mr. Speyer is even more intimate
ly identified with railroad systems.
None knows better than he the plight
into which the railroads are ■inking
It is believed and hoped in finan
.•ml circles that Mr. Speyer could
not have neglected the opportunity
<• impress upon the administration
the actual railroad status to-day and
the outlook for to-morrow if things
continue in their present direction.
* * •
Henry Walter*, financier and rail-
<...<t authority, recently remarked to
. friend. I am told, that there were
js railroads. biK and little. which
would fall into receivers' hand* were
^lothinf; done lo stop the current
fiend. lie had the name* of the 28
al the Up of hi* tongue.
• • •
Last week I made a public plea to
the Interstate Commerce Commission
i<» forego part of their holidaying
take off their coats and get to busi
ness in dealing with the Eastern
railroads' request for higher freight
rates. I would repeal that exhorta
tion with even greater earnestness
now. The prevailing uncertainty is
paralyzing. It should not he pro
longed one unnecessary day. Con
ditions are unhappy enough without
needlessly aggravating them by a
dilly-dallying, what's-the-hurry pol
icy In so grave and pressing a mat
ter.
• • •
Aron‘1 a revolutionary new tariff
and an impending new currency law
unsettling influences enough for the
present? Why pile on the agony by
gratuitous acts of omission or com
mission?
• * •
if the entente cordiale could only
be firmly established between those
who employ men and those who are
running the Government, n return of
onfidence would be greatly has
tened.
• • *
l nfortunately, Hie Treasury’ De
partment is at loggerheads with
hanking interests and has followed
a policy that has evoked widespread
ritirism The intimation that whole
sale, country-wide prosecution of
bankers is being planned by Treasury
• •ffleiais is construed as a fresh indi
cation of the relations between the
department and those who manage
the banking business of the land. So
long as a spirit of hostility exists, the
possibilities of an unsettling rupture
will not be dismissed from mind
• • *
May it not be that President Wil
eon will take a hand in smoothing
out existing wrinkles in the general
situation? The financial community
has more faith in him than in the
majority of his Cablet.
Even a rumor that real heavy
weights would he chosen as mem
bers of the Federal Reserve Board,
the overlords of the nation’s new
banking system, was accepted grate
fully by financial circles yesterday.
The rumor, however, was very thin.
It named James J. Hill a.s prospec
tive chairman of the board. Mr. Hill
months ago declared he would NOT
accept a position on the board Paul
M Warburg was given as another
selei'tlon. Mr Warburg told me yes
terday afternoon that the news was
news to him—that, indeed, he didn’t
believe it was news, only talk.
• • •
If the Government could Induce
men of Mr. Warburg's caliber to join
he Federal Reserve Board, even if
fur only the first year, our national
hankers would lose much, if not all,
-»f their nervousness over the admin-
stratioTi of the new system
Judge Richard B. Russel!, of the
‘ourt of Appeals, rather prides him-
elf upon the size of his family -he
s the proud father of fourteen —but
hat seems Tat her small potatoes be
side a Catoosa Coifntv farmer who
boasts a family of twenty.
When Judge Russell was a candi
date for Governor, his fourteen olive
branches were fashioned into one of
the most insistent planks in his plat
form. and now’ that lie is up for re-
election to the Court of Appeals—
even though no opposition is in sight
the Judge doubtless will dust off
that plank and put it in evidence
gain.
Of the Catoosa gentlemen, who
ought to bk a firm supporter Of judge
Russel], The Catoosa Record says:
“Joseph Peters, of Catoosa County, a
Sidelights on
GEORGIA 11
POLITICS
JAMtS B. NEVTN
X
prosperous and highly regarded farm-
who lives about three miles from
Ringgold. Is the proud father of
twenty children, all of whom are alive
and well and nearly ail of whom arc
still on the old home plantation. Mr.
Peter» is the ideal father, according
to the patriarchal ideals an/I accord
ing to the anti-race suicide notions
for which Colonel Roosevelt is fa
mous "
Judge Russell is now the presiding
judge the Chief Judge —of the Court
of Appeals, and lias served on the
cour' since it was created. He is the
only member of the court who has
served either a full term or since its
stabllshment.
Jones, we naturally hat
dull
time
the great pressure of
and the extraordinary
jy the prolong!
Because of
work upon it,
dola\ caused by the prolonged* Frank
case hearing recently, the .Supreme
Court will not be able to give itseif
any Christmas recess this year.
In ordinary circumstanc es that high
court would have, quit work* Saturday
and have permitted itself the luxun
of making this week a genuine holi
day. However, the state of the docket
will not admit of that relaxation at
this time, and so the court is in ses
sion to-day, as usual.
The Georgia Supreme Court is one
of the hardest worked tribunals in the
Union—and it Is one of the most
markedly underpaid.
Only about half of the Georgia
Congressional delegation will return
to Georgia for the Christmas holi
days.
This is very unusual, of course, and
is occasioned by the long extra se.s-
= ■ —r
vion of Congress which merged into (
the regular session a few weeks ago I
Both Senators and Representatives
have been obliged to make their boli
de arrangements almost exclusive
in Washington, and now that the time
for "a run home at Christmas” is
hand the Christmas doings all have
been framed up for Washington, and
there is nothing to run home to.
This means, too. that campaigns
for re-election to Congress must be
conducted largely from Washington.
The regular session will run cer
tainly well along toward June, if not
to August. In fact. It has about
reached the point, where Congress In
in session practically all of the time
The next State primary likely will |
he (ailed for August, and may be a i
little earlier. In that event, the mar- I
gin of time left for campaigning will .
he rather narrow, and to make much I
of it. candidates will have to do some ;
grand and lofty hustling.
There will be contests in several j
Congressional districts—and warm
ones moreover—not to mention other
interesting rumored fights that may
or may not materialize
London Will Honor
Benjamin Franklin
Special Cable to The Atlanta Georgian.
LONDON. Deo. 22.—It is proposed j
to commemorate tlie residence of
Benjamin Franklin in Bartholomew
( lose, where he worked in a printing
shop, by placing a tablet in the Lady
chapel of the Church of St. Bartholo
mew the Great. Smithfield
The church was founded in 1128
All the weekly newspapers practi
cally without exception, are skipping
their issues of this week, on account
of the holiday season
It is a custom of long standing
among the Georgia weekly newspa
pers not to issue an edition on Christ
mas week—and it is not a had cus
tom, moreover. It gives the country
editors a chance to enjoy the holi
day season, really and truly.
Rev. J M (’ash. an Itinerant
preaclter of Dalton, has entered the
list of candidates for the Legislature
In the special election to name a suc
cessor from Whitfield to the late
S F Berry
In his formal announcement, Mr.
Cash says: “Having served you as a
minister of the gospel, I now have a
desire to represent you at the Capi
tol." The announcement of Mr. < ’ash
brings a four-cornered rare, the other
three candidates being G G. Glenn,
H. 1). Keith and A. T. Gilbert.
Cash Is a pretty perwiaslv^ sort of
name for a politician- and maybe it
is all right for a politician-preacher
Anyway. Cash is expected to give
the rest of them a run for their
money in Whitfield. The election is
to be held on January 9.
The Griffin News has been think
ing things of one sort and another
over, and feel a better
In Saturday's issue it says: “Griffin
is determined that Atlanta. Macon
and Rome shall not have all th
near-beer brainstorms—so it has
gone and organized one of those law
enforcement leagues of its own Go
to it, brethren Like the lamented
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We want you to examine carefully the gradps and the
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Do
You
Know
That
the
Sunday
Amencan
Is
Already
the
GEORGIA
Agricultural Rank
Tis that Dominion of the Bout Ii
that ranks fourth in the Union in
the value of her agricultural
products—exceeded only by Illi
nois, Texas and Iowa.
Good Roads
'Tis that progressive South Al
lantic State that stands only sec
ond to New York in the matter of
good roads construction.
Education
’Tis that land of diversified soil,
wealth which gives more to public
schools from the State Treasury
than any other Southern State,
and maintains entirely by State
aid twelve Agricultural Colleges.
State Taxes
> 'Tis that Empire of the South
east which guarantees by Consti
tutional provision the imposition
of a State tax of not over five mills,
the most moderat e in America.
Soil Diversification
of
the
Whole
Southland?
They’re
Waiting
for
It
m
Every
Capital
and
Corner
of
Dixie
'Tis th atland of diversified soil,
with its mountains and rich val
leys of the North, its undulating
hills of the middle section, and its
broad alluvial coastal plains of the
South.
Wealth of Products
’Tis that rich country where the
Cornucopia of Plenty pours into
the lap of Industry its wealth of
cotton, corn, potatoes, vegetables,
fruit and nuts, enriching the grow
ers during 1913 an amount ex
ceeding $300,000,000.00.
It Awaits You
’Tis that hospitable land that
awaits your coming to stir its vir
ginal soil, to fallow the earth, to
sow and to reap a bountiful har
vest.
Information
Furnished
If there is anything you would
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Come to Georgia, where life’s
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REAL ESTATE
INFORMATION
BUREAU
Hearst’s Sunday American.,
or Atlanta Georgian.