Newspaper Page Text
2
BUSINESS AEVIVAL MAY
WAIT FOR ELEGTIONa I
NOVEMBER, SAYS FORBES
By B. C. FORBES.
NEW YORK, Juy 18.-—A deadlock
fn Congress through the election of
mext November of a Republican
House {8 what big business aims to
bring about.
This would check the aiti-business
mania which has ohsessed the present
Administration, and would give tie
country a rest from the kind of leg
{slation which has been trotted out Ly
all sorts of incompetent neophytes,
with such disastrous consequences 10
both employees and employers.
But this program may mean that
no extraordinary effort to revive gen
eral prosperity will be exerted until
voters, disgusted with the prolonged
depression, have voiced their dissat
{sfaction at the polls. The movements
of securitieg strongly support thia
reading of the outlook.
President Wilson is still determined
to rush through some sort of “anti”
legislation at this session, but now
that he is willing to listen to men of
large affairs, upon whose shoulders
lie the responsibility for finding em
ployment for many thousands of
workers, he may yet come to see the
wisdom of exercising ¢aution and dg -
liberation in placing new and revolu
tionary business laws on the statuts
books. However, the President real
izes that after the elections his hands
may be tied; hence his haste.
Business Subsistence of All
Business gives us, every one of us,
our bread and butter—without busi
ness our legislators would not he able
to collect even the 20-cent mileas:
they have just voted themselves nas
part of the Democratic platform
pledge to effect rigid economies.
Isn't it tragic, therefore, that all
of us have to suffer because of the
battle being waged between hizh
finance and high politics? Personal
-Iy, I had looked for a forward move
ment in business, in securities and in
labor immediately following a helpful
decision in the freight rate case.
Alas, however, now the indications
are that political considerationg may
bedevil the prospect.
Until this phase of the situation
can be diagnosed with greater cer
tainty, it would be well to exercise
extreme care in running into debt
either for speculative or commercial
pu&wsea.
ere it possible—which it {s not—
to ignore political considerations, im
provement in trade and lin employ
meni could be predicted with soma
confidence, based chiefly on the ex
cellent crop conditions, the abundance
of cheap money, the dearth of reserv>
stocks of merchandise throughout th»
country and the drastic liquidation
which has occurred in the security
markets.
Those looking for excuses, or rea
sons for adopting a pessimistic atti
tude, however, can enumerate not a
few, including some of real moment,
both in and out of Wall Street,
Unpleasant Features Faced.
Among the unpleasant matters em-
I V(@3o |
Examined Free!
DR. E. G. GRIFFIN'S
GATE CITY DENTAL ROOMS
24 1-2 Whitehall st,
Phone Main 1708
All Dental Work at Lowest Prices
and All Work GUARANTEED
Gold Crowns o
$4 ‘
Bridge Worlk N
Plates ; L})
$5 :
(olorado
’. . =
You can’t anticipate so much pleas-
Y, ¢¢
ure that Colorado can’t “go you one
better.”> Here’s a land that lies a mile up and
covered with peaks that seem to pierce the sky.
It’s just naturally too much for the imagination.
Colorado makes good in ¢// ways and a/ways.
Frisco Li
thru sleepers to Colorado
Frisco is the short-cut, cool route to Colorado, via Memphis
and over the Ozark hills. Splendid electric lighted Pullman
sleeping cars thru from Jacksonville, Atlanta, Birmingham,
and Memphis to Kansas City and Denver; and from Hot
Springs, Little Rock and Memphis to Kansas City and Colo
rado Springs. Modern electrie lighted chair cars and dining
cars, serving Fred Harvey's nationally-known meals.
’ Find out how low the fares are to Colorado and how little a vacation there need
cost. Write or call for a beautiful book about Colorado, and full information.
A. P. Matthews, District Passenger Agent, 6 North Pryor Strest, Atiasts, Ga.
phasized are:
! The extraordinary bitterness mani
| fested by the Interstate Commerce
| Commission in its sensational report
lun New Haven (for which a recelver
ship is now talked) and the conse
quent fears that a simllar tone may
lwrvude the unconscionably delayed
freight rate ruling; reports that the
,New York Central, Rock Island, Chi
‘('uxo and Aiton and certain Gould
roads may be subjected to a one
|sided and a scathing arralgnment;
|expectations that the divided pay
| ments of the Chesapeake and Ohlo,
'pr York Central, Baltimore and
|Ohio and perhaps other roads can
not be maintained; renewed selling
’of American securities by KEuropean
ilnvestors, who are astounded at the
[langunge used toward corporations
{by our governmental bodles; the de
{mand for higher wages by rallroad
lemployees throughout the West and
|threats of a strike: banking uneasi
|ness over the possibility that Paul M.
| Warburg will not join the Federal
| Reserve Board, which would then
|contain no heavyweight authority on
| international finance or one capable
'of grappling intelligently with the
larger phases of the new currency
|system; uncertainty over the Admin
istration's Irresponsible anti-trust
policy; misgivings that the H. B.
Claflin failure will bring revelations
of financial methods calculated to in
tensify popular distrust in big busi
ness; the collapse of various stocks
to new levels, including New Haven,
'Rock Island, Baltimore and Ohio,
Canadian Pacific, New York Central,
!El'la and Missouri, Kansas and Tex
‘;w: and a plethora of fresh financial
trouble among the weaker rallroads,
of which there are already bankrupt
companies with a total capitalization
of one billlon dollars. 1
More Bear Considerations. \
\ A great deal of imperative railroad
financing must be taken care of with- ‘
in the next few months and unless
sentiment undergoes a transformna
tion the problem may not be solved
in every instance without recourse
to court protection.
The movement of the crops to
market will also be handlcapped in
certain territories by the lack of ade
quate transportation facilities due to
the limpossibility of obtaining funds
to buy new equipment.
I"inally it must not be overlooked,
in analyzing the unpleasant possi-|
bilities of the near future, that we
are approaching the period of crop
damage ‘‘scares.”
If it it into the scheme of the pow
ers that be, we may hear a lot un this
head, especially should, as 18 entirely
natural, there be any considerable
amount of actual harm done to the
growing plants.
By this means an attempt to work
up a boom may be effectively quash
ed--until after November,
My own opinion is that, given rea
sonable treatment by the administra
tion, by the Interstate Commerce
‘ommisgion and by nature, the Lusl
ness world should develop cheerful
ness by the opening of the fall sea
=on, but taking political maneuver
ing into account there is danger that
things may be worse temporarily be
tore they become permanently better
Toronto Convention
The results of the trip of the Atlanta
Ad Men's Club to Toronto will be the
subject of discussion by members of
the club Wednesday night at a ban
quet at the Hotel Winecoff,
St Elmo Massengale will talk on “The
Serfous Side of the Toronto Convention,’
and Willlam F. Parkhurst wlil speak on
“The Trip to Toronto and Its Soclal
Features."" New officers will be eilected.
LIGHTNING KILLS STOCK.
LA GRANGE, July 20.—~During a
heavy rainfall eight miles north of here
at Brown's Cross Roads, three cows, be.
longing to John Reid, and a mule be
iong'ng to Garnett Danlel, were struck
by dghuning and killed.
TO-DAY'S |
MARKET
OPENINGS
NEVW YORK COTTON.
\ i | Prev
’(\nu,\!l‘fh Tew NoAn (e
July . . 12.24]12.80]13.22/18.30]13.27-38
SO .. ,1‘1;.18‘1:,:7“2.18 13.46/12.19-20
BODY . o ibsveatvevanleri st < lA@oI R LT
Oct. . . .j12.19{12,27!12.19{12.26,12.16-17
WY, ; hiviehccidiscirlive iR ionlo
Dec. . . .|14.40(14.45/12,89(12.43 12.34-35
Jan. . . .|12.83(18.38/13.3:12.36/12.27-28
Mch, . . ./14.37]14.43/12.37(14.40{12.32-33
Apell |-Bl v h U Boveß
Muy . . .[12.87]12.63/12.57 }'..’.6'..’ 12.53-54
NEW ORLEANS COTTON.
Il st lao ivs "‘.‘:.’
TUT . 1 cailihic leierelissri|Ta. Woahl
BUR: v leiaoliargads rves fovere jia T 4 218
BOPE o i it isedeses |lB, 48448
Jet ' 12.36/12.4512.86/12,89,14.29-30
Wov. . obovlib s vdeiiate so(180 RL
Dec. . . .112.39/12.43/15.3914.41(1%4.30-31
Jan., . . .12.48(12.46(14.4312.451%.35-36
Mch. . . .[1:8.561)14.57(12,51{12.54(14.44-45
MEY. . bbl ke 10001
LIVERPOOL COTTON.
Futures opened qulet.
Prev.
Op'ing. 2P.M. Closs. Close,
I i e RN 11T
July-Aug. . . 718 715 7T.14% 7.16%
Aug.-Sept. . .6.03% 6.9015 69015 6.92
fSept.-Oct. . . .6.73 6.71 6.72%; 6.711;
Qct.-Nov. . . .6.681% 6,66 6.67% 666,
Nov.-Dec. . . ....... 6.6 6.63 6.60
D 0 TN, .« . s pensa GEIW 000 %
Jan.-Feb. . . 661 660 662 660
Feb.-Mch. . . .6.61 6.6 663 661
Mch.-April. . .6.63 veooe 884 66215
‘A‘prll-Mny. S AR 885
?)'-June e s BAE i Neß.oo 4
Jlosed quiet.
' CHICAGO GRAIN MARKET,
Grain quotations to noon:
Previous
High. Low. Noon. Close,
WHEAT--
qube... .. ¥ 79 79 014
Sept..... T 3% 8% 8% 83
D 0 .ix NY 81% 81 81%
CORN--
Ju1y..... 63% 681 689, 6815
8ept..... 66% 6612 665 66%
De 0,..... bBY% 56 561 y 06
- OATSH--
TOIY .00 86% 3634 36494 5614
8ept..... 34% 348 34% 4%
Dec...... 4 36% 36 3614 3614
_ PORK-~ . i
July.,.. 32.75 22.75 22.76 22.75
80w... 21.40 21.20 21.20 21.25
RD..
SO 10.20
Sept.... 10.321% 10.27% 10.27% 10.30
0ct..... 10.32% 10.30 10.30 10.356
RIBS— !
IO i i 12.20
Sept.... 12.07% 12.05 12.07% 12605
ML i 11.62%
NEW YORK STOCK MARKET,
Quotations to noon:
Previous
BTOCKS— High. Low. Noon. Close,
Amal. Copger. 691 69 6ty Biig
American Can 2815 2574 2615 2613
Am. Locomo.. 2% 205 291 a 2l
Am. Smelting. 657% 6567% 657 68y
o M Won 'ox 30n
naconda ... . 308 30%
B.and O, ..., 83% & 83& 8414
2R T ... N 8 90% 90% 20%
Can. Pacific.. 1864 185 186 1861%
gO, 40:2 45& 46% 46
ol Pete .. B 21 21% 8%
Erie ......... 2% 28% 2% Y
do, gref... 30 39 39 40
Goodrich Rub. 243 24 [ Bpaeselats
G, North }m‘. 122 122 122 122
G. North, Ore, 31 31 31 2014
Interboro .... 13% 13% 13% 18
L. Vllle%. . . 136% 135 1358 136
L. and N. . . 133% 133 133 1331%
Mo. Pacific. ~ 11 107 11
N. Y. Central 85% 84% 85
New Haven . 4 52% 63 64
No. Pacific. . 109 109 109 1084,
O ana W 20 20 0
Pennia. . . 130 1093 109% 110%,
Reading . . . 161% 16115 161% 1611,
So. Pacific. . 9814 95% 9815 958
80. Railway . 21 21 21 21
do, lprof. oY TBO 76% TT%
St. Paul ... 8% 1% 98 081,
Tenn. Copper, 32’9: 32‘2 82% 321
Texas Pacific. " 18% 13} 183% 13y 1
xUnion Pacific 1271 126 127 127
U, B. Steel . 60 60% 60% 60%
Utah Copper. 8614 584 Stk 561, |
W. Electric . 78 T 18 (S
xEx-dividend, 3% per cent. |
SACRED HEART PICNIC TUESDAY.
The annual picnie of the members of
the Sacred Heart Church and their
friends will be Tuesday at White City.
Special cars will leave the church cor
ner at 9:30 o'clock Tuesday morning.
Memblers o 7 all the Catholie eanurcaes
fn the cit;r ere invited
BAR SILVER.
LONDON, July 20.—Bar silver quiet
at 24 15-16d4
THE ATLANTA GEORGIAN %AND NEWS
MRS, DENNIS INSHEPPARD BILL
SHAEVEPORT, + URGEDBY L. 5.
SREPORT ~ ATTORNEY
Mysterious Woman Again Ap
pears in Story of Trip of
Sisters to Texas,
Continued From Page 1.
why did they let him get away?” she
exclaimed. “I'm going to try to have
him arrested and held until we can
|am this affair to the bottom and find
quz what he had to do with the dis
appearance of my daughters. [ knew
l he would seize the first opportunity to
‘ulip away from us. Oh, if we only
had enough evidence to swear out a
‘warr.nt! I belleve we have, but the
authorities say it is not enough.”
A new clew, leading back into the
Mississippi region, where several
days ago it was reported the two
gziris were supposed to have been
seen, developed Monday in the re
ceipt by Marshall Nelms of a com
munication from 8. R. Johnson, ot
New Orleans. f ‘
Saw Pair Like Girls.
Johnson ‘wrote that on July 15 he
was traveling in Mississippi, and,
while on board the Y., & M. V. rail
road, saw two young women on the
| train who attracted his attention. At
that time he had not heard of the
disappearance of the Nelms sisters.
The next morning, he wrote, he saw
the same two young women in the
railroad station in Vicksburg. That
same day he read of the Nelms death
note mystery and saw a complete
cescription of the missing sisters. He
said the description tallied exactly
with the two strange young women
he had seen on the train and in the
Vicksburg station,
Nelms turned this information over
to his legal counsel, Attorneys Reu
ben Arnold and J. A. Watson, Jr., and
action is expected to be taken at once
to strike the trail again of these two
voung women and ascertain their
{dentity. Johnson wrote that he had
not seen thera since, and didrn’t know
what train they boarded out of Vicks
burg.
“Something must be done to keep
that man in view-—~he must not be
allowed to flee.”
Mrs. Nelms Sunday afternoon
called at the meeting of the Psycho
logical Soclety in the Piedmont Hotel,
and made an impassioned plea to the
society to aid her in the hunt for the
missing girls.
“I'm asking everyone to help me
—Tl'd like to get the whole world in
terested,” said the frantic mother.
In her talk to the society, Mrs.
Nelms, as she did in letters to Sen
ator Hoke Smith and ‘Congressman
Howard and Congressman Hardwick,
recited in detail the story of Mrs,
Dennis’' relations with Victor Innes.
Mysterious Woman Again.
According to a report from Hous
ton, Texas, the Nelms girls did not
stop in Houston, but traveled to
gether as far as San Antonio. This
information is furnished by Mrs.
Frank Dwyer, a druggist at No. 1320
l\\’ashlnston avenue, Houston, who
said she was on the same train with
the Nelms sisters from Houston to
San Antonio and conversed with
them, This story simply corroborates
Attorney Thomas B. Lewis, of Hous
ton, who rode with the couple from
New Orleans. He sald they stopped
in Houston only long enough to buy
tickets to San Antonio.
~ Mrs. Dwyer brings another figure
Into the mystery in a statement that
;rhere was a dignifled looking middle
aged woman with the Nelms sisters.
"\\'hether this woman was the mys
terious ‘“Mrs. Mims"” is problemati
cal. Mrs. Dwyer said Miss Beatrice
talked enthusiastically of her real
estate operations in Atlanta and in
‘uther parts of the country.
~ Marshall Nelms still {8 firm in the
'bellef that the two girls have fallen
}viollm to a well-planned plot.
) “All Points to Innes.”
. “Every bit of evidence that we
have been able to uncover has more
thoroughly convinced me that Victor |
%lnnes is the man who can shed thli
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Measure Indorsed by Alexander,
Head of Child Labor Commit
tee, and by Press.
Continued From Page 1. |
come first, brings the good faith of
the mill men into question, and they
ought, in justice to themselves, to
drop that effort and get in behind
a good child labor blll and pass it.
Reform is Certain.
“Reform in these labor conditions
is coming. It must come and it will
come. Just in proportion as the peo
ple of Georgia postpone its coming,
and tolerate the labor of young chil
dren, they Mexicanize themselves. It
is an insufferable situation, contrary
to the spirit of the age, and a
hindrance to civilization.
“The sooner the disgrace of it is
purged away, the better for Geor
gia, morally and financially. I want
to see this reform wrought in a mu
tual recognition of the right of fi*,
and without harshness, and I know
that is the best way to work it out.
“I don't want to be understood as
proposing any compromise. lam op
posed to compromises. They are
always wrong. But the cotton mill
men are not worse than the rest of
us. We all have our faults.
“In so far as the mill people have
now, or at any time, thrown ob
stacles in the way of this law, I
think they are wrong, but I am not
willing to say that they ought to be
denounced. For my part, I would ask
them to come in and help pass a
stern prohibition against child labor.
I am sure that many of them want
such a law.
“If they won't do it, then it is the
duty of the State, without further
temporising or compromise, to do it
for them, and save them and their
business from the shortsighted folly
of cheap child labor. It is useless
to dally with the question any longer
It is as foolish as cutting off a dog's
tail an inch at a time. ‘
“It {® a humiliating thing to have
our State stand before the world as
the most backward of the American
States. The Legislature ought to
pass the Sheppard bill and be done
with it. When they do, their action
will be applauded by the very peo
rle who now oppose it. Pull the old
tooth out and quit talking.” |
{nn the disappearance of my sisters,”
said young Nelms in summing up the
‘developments of the last week in the
great country-wide hunt.
~ “If we can only find some way to
force or induce him to speak and tell
all he knows, I'm satisfied we'll soon
ferret out the.mystery and know the
fate of my sisters. The fact that he
was careful to have all letters de
stroyed that he had written to my
sister Elolse, and the further fact,
‘which I sincerely belleve, that he had
intimidated her and frightened her
into shielding his name, and his
dealings with her shows his shrewd
ness in burning all bridges behind
him. This is what makes it so dif
ficult for us to get at the truth and
details of his relations with my sis
ter.”
And then he added:
“But the truth will out flnally—
nothing can keep it down—and I'm
2oing to know {t. It may be a long
time before this mystery is solved,
but I'll never cease work on it so
long as there is breath in my body.”
TO ERECT OFFICE BUILDING.
GADSDEN, ALA., July 20 —The Gads
den Car Works Company has awarded
a contract for an office buildirg to cost
between $B,OOO ~nd $lO,OOO. The build
ing will be of concrete and brick con
struction.
QDR.J. T.GAULT
Specialist (for men)
Established Eleven Yeoars
32 Inman Bullding
Atlants . Goorgls
N as Mk
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LSRN X
‘§§&s§&§§<&§¥\ 3 \_\‘ « § A N
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Al AN AN
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P o g
Cochran Quits Race
For Senator; Thanks
Friends for Support
Ralph ©O. Cochran announced his
withdrawal from the Senatorial race to
succeed Hoke Smith Monday in this
card to The Georgian:
“To the People of Georgia:
“Common sense leads me to the con
clusion that, with the entry of Joseph
M. Rrown into the race for the senior
Senatorship, my chance of election has
been very materially affected. His can
didacy has drawn supporters from my
following, and it has driven thousands
of my supporters to the Smith ranks.
Therefore, in view of the present politi
cal situation, 1 am making this publie
announcement of my withdrawal from
the race.
“Prior to Mr. Brown's entering the
race, it was freely predicted by numer
ous close observers of political condi
‘tions that I would be elected. The
‘thousands of personal assurances from
all Earts of the State had brought me
to the same conclusgion.
“This splendid support was being
glven me on account of my business
platform, my liberal views on all so
cial and poiitical questions, and my
rion-partisen relation to the political
factions of Georgla.
“But the old Smith-Brown fight is on
again, however, with far less enthusiasm
than in previous years, and with this
condition prevailing in Georgla politics
it is useless for anyone to offer for the
Senatorship for which they aspire. You
can count on this, however, that this
alection will terminate and finally dis
pose of this feud in the political rela
tions of our State,
My campaign was planned on the
ideas of better business, improvement
of our material conditions and advance
ment of our industrial life through na
’ tional leglslation. I have made no dema
goglc appeals to the ponple of Georgia
for the purpose of catching votes, and
}I have endeavored to be fair with my
opponents in all my public utterances.
~ +““The cordial and enthusiastic support
'my friends have given me 1 deeply ap
‘preciate, and the same I shall not for
get. RALPH 0. COCHRAN.
|~ ‘“Atlanta, Ga., July 20, 1914.”
Decatur Man Hurt in
S C '
.
treet Car-Accident
A. J. Woodruff, of Decatur, sales
manager of the Woodruff Machine Com
pany, Monday was nursing wounds re
ceived Sunday in a stampede out of a
crowded street car following the blow
out of a fuse box.
Mr. Woodruff suffered a dislocated
collarbone, severe cuts on his face and
a bruised elbow., He was coming to
the city on a Decatur car when the ac
cident happened. The motorman on
the car was slightly burned.
T 0 WILMINGTON
Wrightsville Beach, N. C.
Through Sleepers via GEOR
GIA RAILROAD—Augusta,
the New snd Comfortable
Routs.
Leave ATLANTA 8:00 p, m.
Low Round-Trip Rates.
Quick Timo—'l'hrough Cars
to Eastern North and South
Carolina Points.
Ticket Offices:
Union Depot—l-2 Peachtree,
on Viaduct.
GEORGIA RAILROAD
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£ - y & brary Ca., Aok S, N.Y. 3
t ,[, e, & ~y| HEARST'S INTERNATIONAL LiBRARY (o, . :
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' 1 .'e.c".: Tear of and prosent to yous book desier ¢ 4 New National Dickens
Young Bank Teller
At Desk After Close
Call From Drowning
Firnest Ramspeck was at his desk in
the Lowry National Bank Monday
morning, feeling pretty much as usval
after an extremelv narrow escape from
qrowning late sunday afternoon while
gewimnming in East Take
only quick thinking by two young
women, Miss Elien O'Keefe and Miss
Mar O'Donnell, of New Orleans, toe
gother with prompt and courageous
action by Boyce \Worthy, a fellow club
member, averted a tragedy.
Ramspeck was swimming beiween the
float and the western shore of the lake
when he accidentally inhaled enough
water to strangle him momentarily. Be-
Hevinrg himself not out of his depth, he
jowereda his feet, but the bortom was
nor ir reaching distance. He sank, and
drew more water into his lungs.
Twice Ramspeck rose to che surface,
strupgling and uvable to call out. The
young women saw the dlnqer and calied
to Worthy, who swam rapidly to where
Ramspeck had been seen, dived and
managed to bolc him, He dragf-»d
Ramspeck, uncongcious, into shallow
water.
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City Politics Warms
Up With Race Near
Monday's meeting of City Council
Is expected to be a spirited affair be
cause of the number of bille to he
passed on. City politics is warming
up and members of Councitl who are
going to be candidates to succeed
themselves are particularly busy.
Asg spon as the city central com
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