Below is the OCR text representation for this newspapers page.

tmamBrw THE ATLANTA OEOROTAN. MONDAY, JT’NFJ 11. 1(*H. bankers of two states meet fhi„„ AND HEAR ADDRESS BY C. H.TREAT EEFfirS ere quite n -\f Joint Session Con vened Monday Morning. TWO PRESIDENTS WERE IN OHAIR Atlanta Is Thronged with Men Who Handle Other People’s Money. With corridors, lobby and conven Uon hall sally decorated with the na tional colors, In honor of the dlatln- fuished visitors, the thirteenth annual conventloh of the Florida Bankers 1 Association and fifteenth annual con vention of the Georgia Bankers' As eociatlon were opened In the conven tion hall of the Kimball house Monday morning with' a Joint session of both bodies of representative citizens from the two states, the principal event on the program being an address by Hon. Charles H. Treat, treasurer of the United States. The session was called to order at 10:30 o'clock with a larger delegation In attendance than upon any previous convention of the bankers. The meet ing was presided over by Joseph T. Orme, president of the Georgia Bank ers' Association, and E. IV. Lane, pres ident of the Florida Bankers’ Associa tion. The meeting was called to or der by Mr. Orme, after which follow ed an Invocation by Rev. Z. S. Farland, of Atlanta. Owing to the Illness and necessary absence from the opening meeting of Kugene H. Thornton, who was on the program for the address of welcome, Hon. John Temple Graves assured the visitors of their warm welcome to the Goto City of the South. In response to the eloquent welcome of .Mr. Graves, W. A. Blount, Jr., of Pensaloca, Fla., and L. C. Hayne, of Augusta, Ga., spoke on behalf of the guests from their respective states. A delightfully entertaining address by E W. Lane, president of the Florida Bankers' Association, followed, In which he compared the advantages of his own state with those of hts native state, Georgia. “The man behind the bank," he as sured his hearers, “Is largely respon sible for the prosperous and rapid growth of every community In the two states.” Addrsss of President Orme, Joseph T. Orme, of Atlanta, president of the Georgia Bankers' Association, then delivered hla annual address, which was replete with recommenda' tlons and suggestions of value, refer ring pleasantly to the meeting held lust year as the guests of the Florida bankers. “In 1896—only ten year* ago—the Georgia Bankers' Association had only ninety-nine members. Today the membership stands at two hundred and eighty-four, an Increase since the last annual meeting of seventy-three mem bers. Prpbably np attic association In the union can show such a percentage of Increase during the same’period,” he said. , . ... After referring to the efficiency of the various officers of the association, Mrs. orme continued, as follows: “Among the many things we have to be thankful for In this great common wealth la the wise and economical manner In which our state has been administered. “For over a quarter of a century, while stories of graft and corruption have been coming to us from almost every part of the country, our ship of slate has sailed on serenely In placid waters, and not the faintest breath of scandal has tainted the fair name of a single one of our state house officials, ur nt n member of our Judiciary. What state In this union haa a better record 7 “The prosperity of our farming class has been, very gratifying, and the fact that Inst year’s crop of cotton sold for enough to pay every man. woman and child In the state of Georgia over 340 In cash, and that the by-products of the crop brought millions more, Is am ide evidence of the fact that cotton l« still king and the South attll enjoys i he greatest monopoly In the world. “The development of our tnanu facturlng Industries has gone steadily forward, furnishing employment to all the labor to bo had In this section. "Many lines of new railroad are be ing built and projected, and the out lay of Eastern capital In these enter itises Indicates the faith Investors have In our people and our continued prosperity. “Authorities on Immigration tell us that most of the Immigrants of the next few yearn will settle In the agri cultural states of the south and south west, and that states wishing new aet- tlers should establish bureaus- In New Turk to turn the immigrants their way. Other states have taken steps In this direction, and if we could suc ceed In securing a desirable class of Immigrants It would be of Incalculable benefit to our state. "I feel that It Is but proper to refer to the unparalleled disaster which has befallen Han Francisco, one of the greatest and most cosmopolitan Amer lean cities. When the people of our common country extended a helping bond to the Inhabitants of that stricken city It was gratifying to note that the bonking fraternity came forward promptly and contributed substantial aid. The timely action of Secretary Shaw In reference to gold Imports, when he met the emergency with sa gacity and firmness, has won for him the confidence of the financial element throughout the country. State Banking Department. "I desire especially to recommend 'bat this body request our legislature '0 enact a law providing for e state banking department Many of the states In the Union, on account of the great Increase In the number of banks, art enacting auch legislation. According to |be report of the state treasurer, In iMO there were but 140 atate banks In existence, while In 1100 there are to day 373 banks operating under state c barters. The currency committee of the American Bankers' Association has rec ommended the passage of a law which fhould cure the evils of our present ' arrency system, and It la to be hoped >nat the lew makers at Washington " HI abandon the use of the muck-rake and pitchfork long enough to give us l Sri 19 I laerielAtl.vn las »L I- .lleaollon ” MORE CURRENCY NEEDED, SAYS CHARLES H. TREAT Able Address Delivered Before the Georgia and Florida Bankers by Treasurer of the United States. The feature of Monday's session of the Georgia- Florida bankers was the address by Charles tH. Treat, treasurer of the United States. Treaeurer Treat's Speech. Mr. Treat began by expressing his appreciation of the Invitation extended by President Joseph'T. Orme to appear before the bankers of Georgia and Florida to talk over In an Informal way the functions of the treasury of the United States and the intimate connec tion of its business with the bankers and financial Institutions of the coun try. He referred to the relation of the bankers and banking Institutions to the Treat, a rising vote of tharji.s waa ten dered him by every person In the hall. An Interesting discussion of the cur rency bill which Is now before the members of congress waa enjoyed, at the conclusion of which a resolution was preaented and adopted for the sending of a telegram at once to the Georgia and Florida representatives In the senate telling of the Indorsement of the bill by the bankers of the two states. Hon, R, E. L. Marshall Speaks. Hon. R. R L. Marshall, ot Baltimore, Md., gave the convention a practical talk on modern methods of banking and the uae and abuse of the present state and national banking laws, being followed by an address on currency legislation by Joseph A. McCord, a member of the legislative committee of the American Bankers' Association. The session then adjourned for the day. At 4 o’clock Monday afternoon the several hundred members of the con vention boarded special electric cars and started on a ride around the city. This ride will conclude at the home of the Piedmont Driving Club, where a reception will be held complimentary to the visiting ladles. At 8 o'clock Monday night a banquet will be given at the New Kimball to the members and visiting bankers by the Atlanta clearing house. Several invited guests will be present and the event is expected to be a most enjoy able atlalr- The sessions on Tuesday will be de voted to the business ot each ot the Among Those present from Georgia were: G. C. McWhorter, Abbeville, Ga.; Joseph 8. Davis, Albany: Edwin Sterne, Albany; Sam W. Quntz. Albany; M. C. Stovall, Albany; N. J. Cruger, Albany; J. P. Munnerlyn, Albany; E. D. Shef field, Amerlcus; J, S. Shlngler, Ash- burn; R. C. Dunlap, Ashburn; James White, Athena: John J. Williams, Ath ens; George R. Donovan, Atlanta; C. E. Currier, Atlanta; J. S. Floyd, Atlanta; W. T. Perkereon, Atlanta; Charles J. Ryan, Atlanta; H. C. Caldwell, Atlan ta; W, F. Manry, Atlanta; E. H. Thornton, Atlanta; J. T. Holliman; Atlanta; J.. K. (Utley, Atlanta; Rob ert J. Lowry, Joseph A. McCord, .At lanta; Thomas C. Erwin, Atlanta; Joa- E. Boston, Atlanta; J. G. Seater, Atlan ta; T. J. Peeples, Atlanta; W. L. Peel, Atlanta; Edward Crusselle, Atlanta; Jack J. Spalding, Atlanta; R. H. Brown, Atlanta; Ray H. Payne, Fitzgerald; E. V. Farmer, Fitzgerald, W. R. Bowden, Fitzgerald; J. E. Warner, Fitzgerald; E. W. Stetson, Fitzgerald; Joe Vinson, Fort Gaines; C. E. Martin, Fort Val ley; Frank S. Loftln, Franklin; B..J. Sanders and son, Gainesville; C. C. Sanders, Gainesville; Samuel C. Dun lap, Gainesville; Z. T. Castleberry, Gainesville; P. G. Brannon, George town, Z. M. Plrkel, Glenvllle, Ga; J. E. Bell, Gordon: R. L. McConnora, Greens boro; E. W. Coplan, Greensboro; E. C. Smith, Griffin: J. O. Morris, Hamp ton; W. A. Winn, Harlem; J. H. Hodges, Hartwell; William Paraoni, country In general, and stated that he would not enter upon auch topics now Interesting the banking fraternity, auch as the unification of the currency, credit currency, asset or emergency currency, because congress will next year take them up for Investigation and possibly legislation. In hla talk he confined htmaelf to the pressing matters that today concern the national treasury In Its relation to the banka and bankers of the country. Nesd of Small Notes. Hla flat theme Was the need of small denominations ot money. He aald “In 1878 the national banka were prohibited from Issuing small bills of the denominations of one's, and two’s The law waa further amended In 1900, restricting them to one-thlrd of their circulation in denominations of 36. This waa alone ostensibly In order that the large amount of silver dollars In the treasury might be made useful as a circulating medium. “There are nearly four hundred and elghty-twa million! of sliver dollars stored In the treasury vaults, which art Utilized and enter Into circulation through a paper representative known as silver certificates. These silver dol lars are held for the redemption of the silver certificates, ot which there are outstanding at the present time more than 8474,800,000, so that the amount f this condltt the secretary myself. It was seen ' must be made to some modification hould be made In tbs law. Small Denominations of Gold Notes. “On page 25 of my report, 1 recom mended ns follows: "'ll Is the duty of the gbvernment, under existing laws, to supply the greater part of paper currency re quired. and to recognize the needa of business in denominations to be Is sutd.' “I also made the following auggeatlon for the consideration of congress: ” 'First, gold certificates may be au thorlzod for 35 and 310 Instead of r*. striding the Issue, as now, to 820, and ;!• oe. see.,n,i. ii,. tonal banks may be permitted to Issue any part of tbelr circulation of their respective totals in that denomination.' "When congress convened, I had re peated conferences with Mr. Fowler, chairman of the committee on bank ing and currency, as well as with the secretary of the treasury, with the re suit that a bill waa formulated on these lines'by Mr. Fowler and presented to the committer. It received Its unani mous vote, and passed the house under suspension of tne rules and was sent to the senate, and now awaits its ac tion. “To supply the treasury with cer tificates adequate to meet the demand made upon It, It Is proposed In this bill (H. R. 18686) to Issue gold certifi cates of the denominations ot five and ten dollars, ns well as twenty dollars and above that denomination. The flve-dollar gpld certificates wilt be used temedlal legislation In this direction.' Mr. Orme was followed by Hon. harles H. Treat, treasurer of the Hodges, Hartwell; William Parsons, Hawklnsville; E. J. Henry, Hawklns- vllle; H. H. Dudley, Jackson; F. 8. Ethridge, Jackson; J. C. Turner, Jef ferson; Joslah Blaslngsme, Jersey; H. H. Whaley, Jesup; D. B. Blalock, Jonesboro, Ga.; W. M. Bradley, Kestler; D. D. Hall, Leesburg; J. B. Hodges, Logansvllle; L. R. Farmer, Louisville; L. P. Hlllyer, Mscon; W. P. Wheeler. Macon; James T. Anderson, Marietta; A. H. Oltbert, Marietta; J. C. Massey, Marietta; M. S. Wars, Marahallvllle; J. O. Dickson, McDonongh; Howard F Whldden, McRae; J. O. Parker, Mlllen T. L. Daniel, Mlllen; A. J. Arnold, Mon roe; Harry Breedlove, Monroe; J. L. Benton, Montlcello; Z. H. Clark, Moul trie: J. O. S. Stokes, Moultrie; W. F. McAllister, Mt. Vernon; T. M. Good- rum, Newnan, Oa.: E. J. Dunn Ogle- thorpe; David C. Barrow, Pelham; B. if. Curry, Pelham; B. C. Holtsdaw, Perry; L. F. Cater. Perry: J. R. Davis, Quitman: Frank Spain, Jr., Quitman; B. H. Groover, Reynolds; R. T. Hum ber, Jr., Richland; M. G. Phelan, Rober ta; John N. King, Rochelle, Sproull Fouche, Rome; W. P. Wallace, Rutledge, W. M. Smith, Doerun; J. L. Shelton, Danglor; J. W. Thurmond and wife, Donalsonvllte; John T. Duncan, Doug- lasvllle; T. M. Longlno, Douglasvffie; G. C. Goldin, Draketown; Leroy Pharr, Eastman; J. H. Blackwell, El- berton; Z. C. Hayes, Elbert on; J. H. Longlno, Falrbum; Jewett Smith, Fltsgersld; M. C. McAlpIn, Blackshesr; H. B. Cnwtord, Blue Ridge; James M. Jones, Boston; K. C. Campbell, Braxton; G. G. Copeland, Bremen; J. J. Manghom, Bremen; E. D. Walter, Brunswick; H. 8. McCalmau, Buchan an: B. H. Stokes, Buena Vista; R. H. McCrary. Buford; O. L. Agnew, Bu ford; L. P. Pattlllo, Buford; W. F. 81a gle. Calhoun: 8. B. Byrom, Byrom- vllle; B. F. Bulloch, Bulloch- vllle; D. W. WDscox. Duluth; George H. Smith, Brunswick; N. McQueen, Hardwick, Ga.; James P. Shattuck, Lafayette, Oa.; John M. Ja cob, Lawrencevllle, Ga.; L. M. Brand, Lawrencevllle: J. B. Tyler, Leesburg; S. M. Hitchcock, Sandersvllle; J. E. Johnson, Sandersvllle: Bamutl L. Clay, Savannah; 81. B. Law, Savannah; John M. Hogan, Savannah; J. H. Strause, Savannah; Joeeph W. Hoffman, Savan nah; E. M. O'Brien, Savannah; F. D. Bloodworth. Savannah; W. M. Parent, Savannah; J. C. McClain and wife, SmlthvUIe: Robert Holmes. Sparta; John D. Walker. 8parta: J. D. Bur nett, Sparta: Brooks 4k Simmons, reduced to about 87,000,000. Growth of Businsas. "We are well aware that business In terests are growing with remarkable strides, demanding larger and more responsive banking facilities, and the requirement for additional circulating medium has Increased to 333.45 as against 322.87 per capita at the begin ning of the McKinley administration in 1897. When we reflect that In 1800 the per capita was only 34-99, we see at a glance the enormous accumulation of our wealth In currency the put one hundred years. “The present demand upon the Uni ted States treasury for small notes greatly aurpaases Its ability to supply them, because of the lack of adequate appropriation to provide the Increased expense for machinery, labor, etc., so that during the past year the banks and the business world have suffered serious Inconvenience amounting to distress, because of Insufficient cur rency In denominations of one’s, two's and five’s. Last July there were twen ty millions of silver dollars In the treasury, which ware held In anticipa tion of the great demand for them to be Issued as silver dollars nr silver cer tificates, according to the demand. This ipply of silver dollsrs was reduced December to 3143,000. "Small bills could then only be had by receiving larger denominations of silver certificates, and exchanging them for smaller denominations; or. If sil ver .dollars were deposited in the treas ury, to Issue therefbr sliver certificates In such denominations as we were able to, give. It was soon found that the supply of silver certificates was very meager. The treasury had outstanding some thirty millions In denominations of 10's, 20's, 50'e, 100's, 600's and 1,000's, held mainly as legal reserve, not only by national banka; but by state banks and trust companies. The national banks, In their great anxiety to supply W. C. Myers, Stlllmore; V. K. Bitting, Summerville; S. J. Flanders. Summit; Homer D. Strickland. Bwalnesvoro; Ju lius Walker, Sylvanla, W. H. Prescott, ' jilted States, who delivered a brilliant i Sainirashoro: W.P. William. Sylva- addreee that held the attention of alUnla: a 1- Pouledge, Igylvanta; T. M. present. (Matthews. Thomaston; UP. Davla. talk by Mr. 1 Thomaston; a O. Bowden, Thomson. Present. At the Conclusion of th- thelr customers, were obliged to empty their vaults of silver certificates of even 36 denominations, and send them to the treasury for exchange Into one'a and two's. Prtssura Is InaistsnL The pressure upon the treasury to secure an adequate amount of small bills has been Insistent and tremsndoua. While at times there might be milllone of allver certificates of small denomi nations held In the treasury vaults, yet they could not ba paid out under the exletlng law, which was mandatory, unless In exchange for sliver dollars, or In exchange, for larger denomina tions of silver certificate!. Banks wers rspsatedly inquiring whether. If they should send 3100,000 In gold certificates, the treasury could not supply them with silver certificate! of amallsr de nominations, In order to meet the de mands made upon them; but the treas ury waa obliged to decline, as these to retire the flve-dollar silver certifi cates, as they come to the .treasury for redemption; and other business chan nels wilt be supplied with gold certifi cates of the same denomination, say to the amount of 326,000,000 to 360,000,- 000, thereby releasing 860,000,000 allver, represented by the ellver certificates retired. “These sliver dollars could then ba used ae a basis for Issuing smaller de nominations of silver certificates of one's and two's, and satisfy In a large measure the demand for smaller de nominations. "It Is also expected that the national banks, which, under set of 1900, were re stricted In their Issue of flve-dollar notes, to one-thlrd of their circulation, and which now Issue only 370,000,000, or 11.8 per cent of their entire circula tion, will, now that there Is no restric tion to their taking out the full amount of their circulation In five's, come to the assistance of the government and the business community, and Issue auch a quantity ot flve-dollar notes as will, In addition to the allver certificates, secure the needed aupplyofthls denom ination. If the national banka do not now co-operate, we may expect, within the course of two or three years, that the denomination of allver certificates of five dollars and upward, will be quite exhausted, and we may have another famine In small bills. Must Rslf on National Banka. We must, however, rely largely upon the national banks for further addi tions to our circulating medium. We need not expect that the United States government will make further purchase of bullion for colnnge Into silver dol lars to Increase the volume of sliver certificates; therefore, this matter should very seriously engage the early attention of congress. “I am Informed by many Southern bankers that as the appropriation for free transportation of silver dollars has been suspended, the demand for bills of one's and two's will run heavily Into the millions. Paper money will be pre ferred, because the cost of expressage on coin Is so much greater." Mr. Trqat then discussed the need of clean currency and the cnlllng In and redemption of all the dirty and mutilat ed notes now In circulation. Uses and Abuaei of the Subtrsasury, He devoted quite a part of his ad dress to the “uses and abuses of the subtreasury,” beginning by referring to the subtreasury as "one of the lost relics of Important Democratic legis lation that have atood the teat of time.' He began by tracing the history of Its formation through the days of Andrew Jackson and Martin Van Buren. He told In detail the efficacy of the aubtreasury system, particularly as ex emplified by the recent earthquake at Ban Francisco, when the government, In two weeks, released to the subtreas ury there more than 340,000,008 In sums of 3100 to 33,000,000, at an expense of not more than 31.35 for each telegram, J. M. HIGH CO. J. M. HIGH CO. CORRECT WOMEN’S AND CHILDREN’S FOOTWEAR OUR HOBBY. No woman's wardrobe, If she would be well dressed, Is com plete (tits aeason without several pairs of shoes. She must have her Patent Leathers, her black Shoes of Kid or Calf, and her White Ties or Pumps. And there Is real economy In giving your shoes a rest. They will retain their shape better, wear longer, and be In every way more satisfactory than If one single pair be con stantly used. You'll find everything that's awall In Footwear here. White KU1 lined Duck Slippers 32. Handsome Patent Kid Ties 32.50. Swell Pat ent Pumps 33 and 34- "Soroila” Vlel Patent Glbaon Ties 33-30. "Soro* ala" Gun Metal Oxfords 34.00 and so on. Women's smsrt Osfords end Ribbon Ties. In Tlcl and patent kid with "turn” soles, also snippy white ran v-.s Osfords. walking and dressy $2.00 Women** handmade viol and nut. Ox ford* and lUbbon Tlea with the large eyelet a and broad rib- dtO t>on Incea, U.00 and ftoroala Oun Metal Oxfords nnd Bib- Iton Ties; rooleat shoe made; very comfortable, AA S3.M and .^ lWW Borosts Potent Vlel dress nnd evening wear Pump# for $4.00 Ml.se.' smsrt nne'Strap Bands!.: ill kid; slaes I1H to 2H; Cl ba ret? speof.I at ^*.31/ $2.00 Roys* mannish Patent Colt Oxford*. K'lW $2.50 "Little Oenta* " Patent Colt and Vlel Kid Oxfords; extra ffOQd value,* per fect titling; irear ft| CA guaranteed V Women’s and Misses’ White Canvaa Oxfords and UIbbon Ties; all the late $2.50 J. M. HIGH COMPANY. e also told how a panic waa averted In 8t. Louis two years ago by the In stantaneous rslesse of 310,000,000 for the use of banks In ths fair city, and of the elmllar action when New Orleans was lost summer threatened with a panic. In conclusion he asld: "I make then explanations to show the great advantage It Is for the finan ciers of thle country to have Uncle Sam a. a banker, when In time of ex- Five Hundred at Barbeoue. Special to The Georgian. CatTOllton, Go.. June 11.—The local lodge of the Knights of Pythias was host Friday at n barbecue at Oak Lawn Driving park. About five hundred were prennt. Including membera of the or der. Farmers’ Institute Held. Special to The Oeorgtan.' ’ ’ Reld.vllle, Go., June 11.—A farmers' Institute was conducted here Friday. Prof. G. F: Hunnlcutt gave an address describing successful farms ot his neighbors. ..... Prof. j. M. Johnson discussed fertil isers nnd soils. He was followed by Mrs. J. H. L. Gerdlne, of Atlanta, who discussed the country home as It Is and should be. Cottages for Jekyl Island. Special to The Georgian. Brunswick, Os., June 11.—Messrs. Bowen & Thomas, local architects, have been awarded contracts for con struction of buildings on Jekyl Island, the millionaires' winter resort, amount ing to nearly 3100,000. Among the buildings to be erected are a 330,000 cottage for F. H. Goodyear, the mil lionaire president of the Buffalo and Husquehanna railroad, a casino for the Jekyl Island Club, to cost 318,000. Ths contractors begin work on the Goodyear cottage today. They will have a force of nbout 160 men on the various buildings. Work Begins On Station. Special to The Georgian. Brunswick, Ga., June 11.—Engineer Kennon. of the Atlanta, Birmingham and Atlantic Railroad Company, has filed with the city authorities plans for the new passenger and freight depot of the company, and received a building permit Saturday. Work starts today on the foundations of the passenger depot, which will be a two-story build- tng, with a shed 380 teet long, and will cost 140,000. The contract for this building colls for completion by Au gust 1. Three Deaths at Tuokar. Special to The Georgian. . Tucker, On., June 11.—The Infant child of Mr. nnd Mrs, J. A. Carter, of Marietta, Ohio, died at the home of J. H. Llfsey Wednesday evening, and was burled at Zion church cemetery Satur day. Mrs. Carter la visiting here. The Infant child of E. A. Neeblt died Sat urday and was burled Sunday after noon at the family burying ground. Mrs. Harsh Rodgers, wife of A. J. Rodgers, died Saturday nnd was buried Sunday at 1’lra.nnt HIIL Rav. A. * Goes, of Atlanta, conducted the I neret. Dies from Appendicitis. Special to The Georgian. McRae, On., June II.—The death of W. T. Pullen, a prominent farmer and citizen of thle county, occurred at his boms, 4 miles south of here, Saturday mornlng. Hla death was rausod by appendicitis. Us Is survived by a til to, two children, a brother and two sis ten. Fire Destroys Residence. Special to The Georgian. Montlcello, Oa„ June II.—Tl)e hern! some residence of Ludy Kelly wss to tally destroyed by firs Friday night. The cause of the fire le unknown. Ths house wss well Insured. Stranger Adjudged Imsne. Special to The Georgian. Valdoata, Oa.. June II.—A white man named K. A. Stephens, a comparative stranger here, was tried yesterday for lunacy and adjudged Insane. He le now confined In the county Jail await Ing removal to the state aaylum. Damages Are Paid, Special to The Georgian. Valdosta, Oo„ June 11.—O. H. Tsy lor, or this county, who sued the At Isntlc Coast Lins Railway Company tor damages tor ths loss of his leg, has been paid the amount awarded hhn by the Jury, which, with Interact, amounta to about 82,700. 'OU write a letter to Jones enclosing a statement of his account. The letter should be in purple copying ink, the statement in black record, the credits in red. The NewTriChrome Smtih Premier Typewriter will do it all with one ribbon j do it quickly, neatly and correctly. This machine pernUi not only Um dm of s tfcraeeolor rfbbos. b*t alto of * two-color ot Black-color rlkbon. No cxtnoo*tfor this tew nwxUL The Smith Premier Tyre writes Com pant 405 CANDLER BLDO. C. A. PECK, Manager. BRIEF NEWS BY WIRE Railroads Fight Rats Law. Bt. Louis, Mo., June 11.—The hear ing of evidence In the railroad In junction suit against the Missouri board Of railroad and wars house commissioners and Attorney General Hadley to restrain the enforcement of the maximum freight rate law wae commenced here today. Trained Nurzee in Session. Dee Mol nes, lows, June 11.—A con ventlon of the Iowa Btato Associa tion of Trained Nurses met here today, with headquarters at the Chamberlain hotel. The session will lost two days, during which lima ths nurses will dis cuss numerous matters relating to their profession. Kentucky Grand Army ef the Repub lic Meet*. Berea. Ky.. June II.—The twenty- traordlnary need he can command euch Sums In auch ways as to meet the emergency. It la frequently said that the finances ot the country ehould be en trusted to banks, that It Is not the true function of the government to take from the people the management of bus iness affairs which they esn better conduct themselves. It would there fore seem that, while aa a government proposition It Is not Well to carry a large surplus, yet. If Uncle Bam le to be the nation's banker. If Im Js to con serve the tremendous financial Inter ests of ths country, If he Is through ths people to assume this responsibil ity. he should be ably reinforced to meet every expectation and to allay every Just cause of alarm. When he retire* from tbs banking business, then can we take up tha refrain of the fa thers, and say that the Income of the government should be limited to a wise and honest expenditure: that a surplus is a source of danger, and may be a temptation to extravagance.” fourth annual state encampment of the Grand Army of the Republic for the department of Kentucky assembled In this city today, and will remain In session over Wednesday. Many dis tinguished guests are In attendance. In addition to the delegatee from poets throughout the state. Wednesday will be the big day of the encampment. Encampment Opens Tuesday. Marinette, WIs., June 11.—Grand Army veterans are arriving In conald arable numbers for their fortieth an nual state encampment which opens Here tomorrow. Marinette has com puted great plans for the'entertain ment of the veterans. Among tha delegates already on hand opinion In cllnea to the belief that John YV Eaves, of Fox Lake, will be the next department commander. Dakota Maseni Gather. Bloux Falla, H. Dak., June 11.—Ma sons of high degree are gathered here from all parte of South Dakota for their annual grand lodge meeting, which will be In eeetlon until Thurs day. The dedication of the new 345,- 000 Masonic temple Is a leading fea ture of the program. Newberry Commencement On. Newberry, B. CJ, June 11-VThe com mencement exercises and semi-centen nial celebration of Newberry college were continued today. The visitors In cluded stale officials and other public men, together with alumni and other friends of the college. Laber Felk Are Masting. Stillwater, Minn., June 11.—Many delegates were on hand today st ths opening of ths twenty-fourth annual contention of ths Minnesota State Federation of Labor. Among tha Im- Cnuslns-Oarre portent matters to be considered dur- Bessemer. Ing the three days of the convention Corporators: Is the advUablllty of tbe state feder- McCoualna and A. ntlon taking an active part In politics na recommended by President Compere, of the American Federation of Labor. Liquor Laws in Operation. Frankfort. Ky.. Juno It.—The new atate liquor law passed by the lust ses sion of tho Kentucky legislature went Into operation today. Among other things, the law Imposes a heavy penal ty on railroads, express companies and other common corners If they carry llquof Into local option communities. Class Day at Columbia. Columbia, B. C, June II.—The class day exercises of the University of Houth Carolina ware held today. R. II. Andrews, of Oconee, delivered tha oration, and tho elnss history was read by Roger II. Clayton, of Colum bia. Tha elnss poem, hy George II Henvos, of Mnrlon. nnd the class prophecy hy F. F. Covington, of Mar- Ion, furn!*he<] tbi usual amount «*f merriment for the students and their friends. Cap and Gown Everywhere. Princeton, N. J., June 11.—Today wnH class day nt Princeton, and every- where were to be seen groups of stu dents In cap nnd gown The exercises of tho day. In accordance with time- honored custom. Included the Ivy plant ing nnd Joy oration In front of Nassau hall; the cannon exercises and sopho more reception. Tomorrow will be nlutnni day. Catholics Discuss Missions. Washington, D. C., June -li.-The annual conference of the Catholic Missionary union opened today at tne Apostolic Mission house. Mmokland. Bishop I’. J. Donahue, of Wheeling W. Va., delivered the opening address. Hie sessions ore to continue three days. Among those taking part are J. 8. Leahy, of Missouri, representing ths Knfghta of Columbus; Ilev Os. mund Welaneth, O. 8. U. of Alabama. Ilev. James A. Walsh, of Boston, and William K. Downey, founoer of ihe t-engue of the Good Samaritan. THE SMITH PREMIER AT BANKERS CONVENTION. la quilt* npropo* that It idiotild ■ prominent placR In «nt h an f ertur. TbHr exhibit orruul hi* Kimball houae Jointly x ruth rm.ni ^1 **f h the Imrbj TWO NEGROES HELD FOR BRYANT'S MURDER Kpeclal to The Georgina. Washington, Ga., June II — Sotisanna McLendon and Sanders Favor, both colored, wars arrested here Sunday night on the charge ot being connect ed with the asaoaalnatlon of William Bryant, In thle county, two weeks ago. They were put In Jail here to await trial, which will occur this afternoon or Tuesday morning. The nature of the evidence against the negroes Is not known, as the offi cer. say they prefer not to discuss ths affair until more light Is shed on the mysterious death. TO BUILD NEW THEATER IN SELMA, ALABAMA. Special to The Georgian Montgomery , Ala.. June 11.—The sec retary of state haa been Infermed of the following new corporations Ex change Drug Company, of Montgom ery. Capital' stock Jin.ooo. incor porator.: F. P. Littlejohn. J. A_ v.t_ son, E. Lyons, Lampkin anti Thomason. James Mitchell, O. M J. Thomas, L. (\ Griffith. B. K. Pruitt, E TL Ffranon and Pointer. A n*w theater l» to be Iry Company, of