Atlanta Georgian. (Atlanta, Ga.) 1912-1939, March 10, 1920, Final Home, Image 1
;SSO Awarded Every Day for the ‘Best Last Line’ to Limericks in the Georgjg-r_z_-v--See Page 3 ‘ e A The Convention City. BUUST The Heart of the South. Grand. Opera City of Dixie. OF THE Georgia’s Educational Center. SOouUT The “Pinnacle City” in Climate. . | QTIANTP Federal Reserve Bank Headquarters. Distributing Center of the Southeast. l i VOL. XVill COMPANY TO MAKE NO EFFORT TO RUN CARS ATLANTA BANKS GAIN 17 MILLIONS IN DEPOSIIS IN YEAR; SIMS LAYS LOSS OF 2,500,000 TONS SHIPPING 10 U. S. NAVY Call From Comptroller Reveals -~ Huge Gains ‘in Deposits and in One Instance in Resources. ‘Atlanta national banks made a re markable showing in compliance with the comptroller’s call as to the condi %on of banks as of February 28 last. Deposits and resources smashed all records for tWis period of the year, deposits of the four national banks herg on February 28 aggregating $75,607,008.01, as contrasted with $57,- 715,969.43 the same day in 1919. This means these institutions during the last twelve months have swelled their deposits $17,91,038.58. ‘While the comptroller’s call was for only national banks, the leading State banky and trust companies also repost gratifying gains. Including the deposits of the Central Bank and Trust Corporation and those of the Citizens and Southern—the latter, howeyer, being the consolidated re port—aggregate deposits of the six banks reach an enormous total of $133,814,042.73, as compared with $66,- 32£8,570.07 the same day in 1919, al " though the comparative figures of the Citizens and Southern Bank were not included in 1919’s total. This repre sents an increase of $67,485,472.66. AGGREGATE RESOURCES. Aggregate resources of the four national banks on KFecbruary 28 were $88,921,512.63, as compared with $72,- 794,5239.563—a gain of $16,186,978.10. Combining the resources of the two State banks with those of the na tional institutions, resources on the 28th reached $151,545,567.78, as com pared with $83,503,336.48-—figures of the Citizens arfd Southern being the consolidated statement with no com parative figures in 1919. This is an increase of $68,042,231.30 over a year ago. ; Increases in deposits over a year ago range between $2,043,001.41 to $5,883,380.23, with the Atlanta Na tional showing the greatest increase. Fulton's increase was $2,043,001.41, Lowry’'s $5,760,352.70 and the Fourth’s $4,214,304.24. The Central Bank and Trust Corporation’s deposits gained ¢ $3,543,373.76. -Only the Fulton National disclosed a gain in resources over the last comptroller’'s call, being $22,739.68. REASON FOR THIS. The principal reason why deposits and resources of all banks here were not substantially in excess of those . on December 31 is that many millions \of dollars have been withdrawn to meet agricultural and commercial re quirements. In addition to this the showing of the banks was naturally shaded by the. fact that there are heavy withdrawals at the end of each month by individuals and corpora tions for meeting usual monthly ob ligations. The decrease does not in dicate that Atlanta’s banking expan sion has been unnaturally checked. The figures are gratifying when compared with the statements imme diately before the signing of the ar mistice. On November 1, 1918, de posits in five national banks here ag gregated 870,434,065.30 and on the same day in 1917 the total amounted 0. $63,505478.52. On November 1, 1918, resources of the five national banks amountea to $94,266,262.47, and a year previous to that the aggregate was $7 #59879.31. Deposits of six clearin Souse banks here on March 10, 197 Ftotaled $49,940,228.58, while on thé me day in 1916 the aggre gate was $37,793,548.75. TABLE OF DEPOSITS, The following tabulation shows money on deposit in banks here which have given The Georgian their state ments as of February 2§: Deposits. Deposits Bank. Feb. 28, 1920, Feb. 28, 1919, Atlanta Nat..§ 29,337,590.01 $23,454,209.78 \tt;urth Na... 22,314,595.54 18,100,291.30 wry Nat.... 17,014,407.38 12,164,054.68 Fulton Nat. .. 6,040,415.08 3,997,413.67 *Cit. & Sou. 46,051,060.32 R ST C.B. &T. C.. 12,155,974.40 8,612,600,64 Total ......8133,814,042.73 $66,328,670.07 * Consolidated Statement. | THE WEATHER. Forecast—Rain and warmer tonight; Thursday rain, Temperatures—6G6 a. m.,, 44; 8 a. m., 43; 10 a. m,, 48; 12 noon, 53; 1 p. m,, 54; 2 p. m,, 55, Sunrise, 5:55; sunset, 5:41, 24-Hour{ T 2 ot Tatverss: News | Service 's Dream of Lena’s Dream o Reality at Last By PEGGY WELLS. Lena, who has spent most of her life at the De Kalb County poor farm, is going to' be married. Being a young woman, she wanted some pretty things, and begged the farm officials for some material to make up her trousseau. And they gave her seven yards of unbleached homespun. Patiently, but with many a quiet tear sliding down her cheeks, Lena set to work to finish the clumsy material into as attractive gar ments as her clever needle could design. At night she would study the pages of a worn-out fashion maga zine and pick out the designs of flimsy dainty undermuslins that she would buy if she had the money. The very nicest ones she made he roic efforts to copy in the clumsy homespun. .But it was useless and discouraging. Pretty things were ‘not for penniless brides. In some mysterious way, the girls at Agnes Scott College and a Sun day school class of the Decatur Presbyterian Chureh heard of Lena. And all last week there was a ran - sacking of trunks and-: dresser drawers for finery and a plying of —diligent needles, while questions as to styles and sizes were hurled ~ through the dormitories. Tuesday evening the women -of ~ the Sunday school class and the girls from Agnes Scott went to the ' De Kalb County farm with boxes ~and bundles and showered Lena . with a most wonderful trousseau, ! dresses, hats, shoes, stockings and [ underclothes for her wedding, which ijs to take place Sunday at the county farm. Lena is to marry a guard at one of the prison camps. “They’'re just like picture clothes,” said I.ena Wednesday, patting the silk and crepe de chine things rev - erently. Curb Spending, Warns ‘ John D. Rockefeller Jr. (By International News Service.) CHICAGO, March 10.—The Amer ican people are on a spending spree.j which will be followed by hard times unless it is curbed at once, it was declared by John D. Rockefeller Jr. in an interview here today. He also asserted prohibitiop is bringing pros-. perity to the country. . | Touching on the Interchurch World Movement Conference, which he came here to attend, Mr. Rockefeller said organization of all the Christian churches in such a movement, pri marily to combat evil, will have a healthy effect on American business. Religion, he declared, stands at the foundation of any nation’'s business integrity. ‘ Theater War Taxes Are Exempt in Income Tax (By Universal Service.) JERSEY CITY, N. J.,, March 10.— You remember, of course, that penny war tax you paid when you went to the movies, or the 50 cents you paid as war tax for a couple of seats for a real show when you felt flush and “blew” your wife? Well, you are privileged to claim exemption from income tax on these sums—provided you have saved the ticket stubs, according to a ruling made here today by Deputy Revenue Agent Charles Levering. Old G .\W. Adair Home Sold for Plant Site A San Francisco truck manufac turer, 'Paul Kleiber, has purchased the old George W, Adair residence at Peters and Park streets, and will build a large factory for the produc tion of the Kleiber truck. The sale was conducted by the Forrest and George Adair Company, and the site contains 4 1-2 acres. Mr. Kleiber spenf two weeks in Atlanta last year and came then to ‘the de cision to locate a Southern plant here. It was understood Wednesday that the original building would not be disturbed. O s s - e THE " l I “_—Afl:‘a"‘-—‘ A A ‘ 15%itfit.gq§;§~ '. . e /- ‘ 3 e " > o "\I.,!JJJLU\(fl -3 ’ 7 N TR : S S (A [E|EADING NEWSPAPER G 1 /Ao 1/ OF THE SOUTHIAST Republicans Take Action Sudden ly—Democrats Show Inclina tion to Bolt Wilson’s Wishes. By J. BART CAMPBELL, ‘ Staff Correspondent of the I. N. S. WASHINGTON, March 10.-—-Thef new compromise on Article X, on which Republican and Democratic Senators have been working, was: suddenly withdrawn by the Repub-‘ lican leaders this afternoon. | Failure of enough Democratic Sen-] ators to pledge themselves to support it was responsible. The compromise was intended to so amend the Lodge reservation to Ar ticle X as to make. it acceptable to the Democratic side. Senator Watson, of Indiana, one of the Republican leaders, who had the proposed compromise in charge, gave notice to Senator Simmons, of North Carolina, representing the ‘Democratic side, that the Republicans had decided it would not be worth while to press the compromise. Senator Simmons declared he would “continue to work for a compromise” A revolt of Democratic senators against President Wilson sufficient to insure ratification of the peace treaty on the basis of the Lodge reservation program was threatend today. 2 At a conference in the office of Senator Owen, Democrat, of Okla homa, there was considerable talk of senators hitherto regarded as stanch administration supporters voting on ratification according to the “dic tates of their consciences,” and not according to what the President “wanted or did not want.” The Senate was to grapple again with the much disputed Article X of the League of Nations covenant today. The Lodge reservation, to which President Wilson is opposed unalter ably, will be taken up. Some Re publican and Democratic senutiors are expected to go through the mo tions of supporting a compromise on it which are considered likely to re solve themselves eventually into po litical gestures. ~ In an amended form, with old wordes twisted out of it and new 'words twisted into it, the reserva ‘tion may be adopted by a substan itiul majority on the basis of such a ‘compromise. ~ Senator Hitchock, the administra -Ition's treaty manager, served notice ilm and his adherents would have ‘nothing to do with it. . Senator Borah, Republican, of Idaho and the rest of the “irrecon ‘cilables” who have fought consist ently against the unreserved commit ‘ment of the American people to Arti i(.]" X also announced they would not 'be a party to the compromise. Another Georgia Town Gets Fame! You mever can tell! The Georgian, you know, had an incompleted Limerick about a gay dog from Grant Park who strolled around quite a bit after curfew. One would think an Atlan tan would get an idea for a ‘‘last line’’— wouldn’t you? ‘ But the winning last line is from a Georgia town not so very far from At lanta. 4 Just six words in the ‘'last line’’ which brings in SSO. Next? ATLANTA, GA., WEDNESDAY, MARCH 10, 1920. GOCA-GOLACD. WOULD AASE SYRUP PRIC ~ Increased cost of sugar and other ingredients used in the manufacture of Coca-Cola syrup led this week to a conference between officials of the newly reorganized Coca-Cola Com pany and the three big bottling com panies over a readjustment of con tricts dating from the earliest days of Asa G. Candler's venture into the soft drink industry. ! The Coca-Cola Company officials’ desire that the three companies which control bottled Coca-Cola in 'the United States pay a higher price for ithe syrup used in making the bottled drink than these companies con tracted to pay. They agreed some lume ago to a temporary and vomuns. tary advance, it is said, but are_not willin gto pay all the Coca-Cola Com: pany desires. Officials of .the big company Wednesday expressed ' the ‘belief that the matter would be ad justed amicably and would not reach 'the courts, although the bottling in terests have retained J. J. Spalding as counsel. ‘ THREE COMPANIES CONTROL., Soon after the first marketing of }Coca-Cola. when the bottled drink 'was introduced, Asa G. Candler gave 'or sold to three independent compa nies the exclusive right to sell syrup to bottling concerns. The Southern Coca-Cola Bottling Company has lhea.dquarters in Atlanta, with Veazey ißainwater as general manager. It is principally owned by J. T. Lup lton of Chattanooga and Mrs. Kelly Fivans, formerlv Mrs. James B. |Whitehead. It controls the Southern IStates. The Western Company is lheaded by S. L. Whitten and has headquarters in Chicago. The North 'ern Company, which controls New York, New England and many North 'em and Eastern tSates, is headed by B. F. Thomas. ‘ These companies contracted to pay | $1 a gallon for syr—-m, which repre sented an excellent profit at that time, and to purchase a certain mini mum amount every year. This con tract was carried out, it is said, and several millionaires were made from the three franchises as the Coca-Cola bottling business grew into huge pro portions. Eventually, it is said, these three{ companies became merely middle men, selling the syrup to botmng% houses all ove rthe country, at [romi $1.20 to $1.75 the gallon. The syrup was shipped direct from the syrup. factories of the big company, billed through the three companies, and they collected their profits. AGREED TO INCREASE. When the big company some time ago requested an advanced price, ltl is said that the three distributing companies agreed to pay the advance, | which was passed on in turn to the'; bottlers. The head of one of the‘ largebottling companies who was lnq Atlanta Wednesday said that he hadl agreed some time ago to pay $1.50 per gallon instead of $1.20, for which he had a perpetual contract. This was on eof the earlier contracts, The bottlers who began business more re cently have paid a much higher fig ure. | The Coca-Cola Company contends the courts have held in similar cases that a contract calling for a set price ‘dnes not stand when that price be comes ‘“confiseatory” or below the ‘actual cost of production. “However, we do not desire to ab rogate the contracts nor do the three bottling companies,” said an official \Wedne'sday. “We are asking for a higher rate and they are not willing ;u' nay it. We believe the matter can be adjusted without going into the l courts.” Sudden Rise in Exchange Hits Gamblers Hard By FORBES FAIRBAIRN, Staff Correspondent Universal Service. LONDON, March 10.—Reports of heavy losses suffered by New York exchange gamblers caught in selling short on a ris ing pound sterling market are discussed in American banking and financial circles here. While no estimate of the losses is available on this side, it is asserted they run into hundreds of thousands, and that private bankers and speculators were the chief sufferers. American business men in Lon don credit the reporty because of the wide dealings by money brokers who have cleaned up millions on Europe's chaotic fi nance conditions. These brokers it is believed, did not foresee the sudden reversal of the sterl ing exchange since both Lon don and New York were dis cussing the probability of the English pound dropping to the three dollar point. The upward leap of the pound caught many unable to cover checks on Lon don alfeady issued before the rise. Commissioner Roper Announces Estimate of Refund Due to Court’s Decision, (By International News Service.) WASHINGTON, March 10.—Com missioner Roper of the Bureau of In ternal Revenue, after a conference with Chief Actudry McCoy, this after- noon announced that he estimated that the Supreme Court decision that stock dividends are not taxable as income would cost the government approximately $500,000,000. Commissioner Roper said refunds would have to be made approximately as follows: 1917 tax returns, $35,000,- 000; 1918 tax returns, $35,000,000; 1919 tax returns, $100,000,000; 1920 tax re turns, $300,000,000, Four million returns must be can vassed before any refunds can be‘ made, the commissioner said. Additional tax legislation may bc‘ expected of Congress to meet tne loss Supreme Court that stock dividends are not taxable as income. Secretary of the Treasury Hous ton today called a conference of officials of his department to consid- ‘ er possible revisions of the financial program of the treasury. l Houston Seeks : Tax Reduction i (By International News Service.) WASHINGTON, March 10.—A plan for the reduction ofthe taxes upon industry will be laid before the House Ways and Means Committee tomor row, Secretary of the Treasury Houston announced this afternoon. He sald he could not outline the plan in advance, but said he believed relief of industry from heavy taxa tion would assuage labor unrest in that it would permit better wages. John D. Jr. To Be Quizzed On Dry Condition (By International News Service.) ALBANY, N. Y., March 10.—~John 'D. Rockefeller Jr. will be asked to appear before the Assembly Judiciary Committee and explain if he pays ' $15,000 a year to Willlam H, Ander 'son, State superintendent of the \}Anti-Suloon League, which the As sembly proposes to investigate, As semblyman Louis A. Cuvillier, spon sor for the inquiry, affnounced Tues day. ? According to Cuvillier, Mr. Rocke feller has pald that amount to Mr, Anderson by monthly checks drawn through the Corn Exchange Bank, Fifth avenue branch, New York City, Admiral Sims Declares Germans Would Have Been_Beaten in July if Fleet Had Been Prompt. (By International News Service.) WASHINGTON, March 10.—Ad miral Sims today charged the navy department with causing the loss of 2,600,000 tons of allied shipping through “failure to act promptly the first six month#’ of the war, in his testimony before the Senate subcom mittee investigating the conduct of the war by the navy, Admiral Sims asserted ydelay by the navy department cost 1.500,000 tons in 1917 and but for this loss “we could have had 1,000,000 men in France in March, 1918, instead of 300,000, But for the “delays and military errors,” Germany would have been defeated in July, 1918, Ad mira] Sims charged. Senate Wants Naval Radio to Carry News (By International News Service.) WASHINGTON, March 10.—Navy radio stations are authorized to trans mit press and commercial dispatches under a resolution adopted by the Senate today Z £ % % .9 Z zThe measure was designed particu larly for news service to the Far East, where, it was alleged, our news reports are ‘colored” by foreign powers. Senator Poindexter, Washington, introduced the resolution. An amend ment by eSnator King, Utah, pro vides messages shall be sent at not less than the cost of the service, A “low press rate” is provided for. Senator Harris Ill; Confined by Cold WASHINGTON, March 10.-—~Sena tor Harris of Georgia is confined to his rooms here with a severe cold. He has had the cold several days and Tuesday it became worse, mak ing it advisable for him to stay in doors. He has arranged a general pair with Senator Calder of New York, Republican, during his absence on all questions before the Senate. He expects to be out in a few days. Senator Harris has been voting against all reservations to the League of Nations as they came up in'the Senate. Senator Calder has voted for them. They will be paired in that way in the votes on the treaty. No More Loans to Europe, Says Houston (By International News Service.) WASHINGTON, March 10.—The United States will make no further loans to European nations. This was announced this afternoon by Secretary of the Treasury Hous ton. ‘While the treasury still has au thorization to make loans to the ex tent of half a billion to the allied nations, this will not be done, Secre tary Houston said. Secretary Houston also announced he would oppose vigorously any ef forts to secure participation of the United States in the proposed allied loan to Germany. 9 Jack Dempsey, World’s Champion, in New Series Followers of the boxing game can not afford to miss these articles by the title holder in The Sunday American. The next tells how to develop powerful shoulders and is illus trated with special photographs. It will appear ’ . In Next Sunday’s American FINAL HOME) __EDITION Issued Dadly, and Entered as Second Class Matter st the PostofMce at Atlanta Under Act of March 3, 1879 o N Leaders Give Positions on Car Situation By HARDY 0. TEAT, Business Agent, Car Men’s Union. The strike vote was unanimous. These men would not have struck if given a living wage to feed, clothe and house their wives and children. They have struck and will remain firm until the company does give them a ‘'iving wage. I believe Harry Atkinson will give it to them in the end. By H. M. ATKINSON, Chairman. Board of Directors, Geor gia Railway and Power Company. I am sure the public now appreci ates the difficulty of our situation. After two months of patient negotia tion agd an agreement on every de tail of the contract, the single ques tion of wages was submitted to ar bitration under an agreement signed by both sides that the “decision of a majority of the members of said board of arbitration shall be final, conclusive and binding on the par ties.” The award has been made. We have agreed to live up to it, although we are not receiving sufficient reve nue to justify it. The other side has repudiated it and the .mnen are on a strike. Both last year's contract and the one agreed upomn for this year expressly agree that the men will not strike, but will gettle all disputes by [ arbitration. We have done everything possible in our power to prevent this, and it is now simply a question between the public and Union No. 732. | From an intimate knowledge of the situation I believe that the trouble\ arises from our employees beipg bad-‘ ly advised by a lost of local ru(llcal1 leadegs and ward politicians, and that:} the men themselves are lawabiding and if left alone would not violate their solemn arbitration agreement. ‘ On the promises of the leaders of the union tht it would keep its con-} tracts, co-operate in serving the pub- | lic in an efficient manner and pro mote good feeling between theé com pany and the men, we recognized the union and entered into collective bar gaining with it for the first time a little over a year ago. We have lived up to our part of the bargain in every respect. Nearly all the employees have joined the union, and because of the action of this local union it is now out of our power to operate our cars and serve the public. : In calling this strike the local union violated its solemn, written agree-‘ ment with this company not to strike. It violated its written agreement to | abide by the award of the arbitration board. 1t violated the provisions of the constitution and general laws or its own union. Neither the company nor the public can ever trust this union again until it re-establishes itself by calling off this strike, ordering its members back to work and living up to its present contract, Trade unionism itself can least of all afford to permit this act of bad faith, Failed to Agree on | - Erection of Sanitarium The Hospitals and Charitles Com mittee of City Council found itself unable to agree early Wednesday aft ernoon to the request of Dr, E. D. Highsmith and Dr, J. D. Manget for a permit to erect a sanitarium at 606 Edgewood avenue. The petition will be returr.wd to council Monday with out report, it was announced. A public hearing, attended by near ly fifty residents of the vicinity, pre ceded the committee’ sannouncement. Three petitions containing seventy-l eight signatures objecting to the san itarium were presented. NG, 200. ; 3 J e . s Schools Ordered Closed When Teachers and Pupils Find Transportation Is Lacking, The Atlanta street car system, in« cluding all suburban and interurban lines, was completely tied up Wed-~ nesday as result of a strike of motor~ men and conductors of the Georgia Railway and Power Company, who refused to abide by the decision of the Wage arbitration board, giving them a 15 per cent Increase on their seale, Roadway and maintenance men went out.with the platform men, and it was announced at the company's offices that about 1,100 men were in volved. 3 ~ No attempt will be made by the company to operate cars, company of tflcmls announced in a statement whieh attacked the union of carmen ‘ai having acted in bad faitth by vio lating an agcreement to accept the wage arbitration ruling. The statement expressed confidence in the good faith of the rank and file of the, carmen, but accused ‘“local radical leaders and ward politicians™ as responsible for the strike. TEAT'S STATEMENT. The strike was ordered by the or ganization, which is Division - 732 Amalgamated Association of Street Railway Employees of America. Har dy O. Teat, business agent, said of the situation: . “The men voted unanimously for a strike. These men would not have su‘uck if they had been given a living ‘wage to feed, clothe and house their ‘wlves and children. They have gone on strike and they will remain on strike until the company does give ‘them a living wage. I believe Har ry Atkinson will give it to them in the end.” ’ The strikers will seek the approval of their walkout by the international committee. The strike call was rati« fied at a meeting Wednesday morn ing. Meetings of the strikers will be held daily at 10 a. m. it was an ‘nounced, . | The sirike’ was ordered after bal~ loting completed after midnight. The count was announced at 3:30 o’clock Wednesday morning as about 3 to 1 for the strike, 'a.lthough Mr. Teat afterward said the vate was unapie mous. i stHOOLS ARE CLOSED. : In addition to numaerous other dife ficulties created for the- public by the strike, another serious situatfom arose when most of the city publie schools were ordered closed for the day by W. F. Dykes, superintendent. J. W. Simmons, county supere intendent of education, ordered closed the county high school and seventeen county suburban schools. The teu county rural schools were unaffected. Mr, Dykes sald it was likely ail city schools would be open Thurse day. The county schools will remain’ closed indefinitely, probably for the period of the strike. Difficulty of teachers pgetting to their posts because of lack of street car accommodation was given as & reason for the closing order. The strike was a result of the men's dissatisfaction with a wage lnc:: of 15 per cent awarded by the of arbitration appointed to act upon their wage demands. The employees held out for & highe er rate of increase. Madison Bell, arbiter for the men, dissented from the opinion of the other two arbiters, Judge John D. Humphries, for the public, and Luther Z. Rosser, for the company. The wage demands of the uniom, on which the arbitration was m were 55 cents, 58 cents and 60 cents i = R Contnan Page 3, Gthalth i