The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 01, 1906, Image 7

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The Atlanta Georgian., August 01, 1906, Image 7

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Newspaper Page TextATLANTA GEORGIAN. $1.00 Starts an account with a LITTLE HOME BANK and book or with the ok only in the SAVINGS DEPARTMENT OF THE NEAL BANK allowed at the rate of THREE AND ONE-HALF PER CENT. grp ANNUM, compounded semi-annually. E H THORNTON, Preiident. W. F. MANRY, Cashier. H, C, CALDWELL, Asst. Cashier. SCHOOLS AND COLLEQE8.. 3CHOOLS AND COLLEGES. The South’s Meal ColU^€*^MP• rato^ > , Homo School Georgia Military Academy College Park (suburb of Atlanta), Ga. v sWinv infixed a* he paries from 12 to 18 yean of are. The ^SZSSSSLwtth every parent—What teachers, wjiat com- environment will f ully rati.fy the „ee„li,r need, of my VuSn his fullest development, noelsl. morrnl. intellectual. uhyaicnl? Correspondence with us will sia any parent. '“S erndemy every teecheri. a speclsllet. every opportunity is ,‘V‘f.v.ry hoy, the full limit of attendance is reached every year. S ff ^,r!l muinment perfect health, delightful Southern winters of Splendideq ® . nt rP ,i 0 n. 1,500 feet above see level. About 80 tolrdhi pupllslive with preeHent and faculty of 10 Highe.t moral ■ndsocialtone. Select patronaie from many State. RegularmillUry drill* 00 rood gymnasium, modern reading room, wholeeomo athletlca trained director, thorough preparation for any eo lege or the WA YS OF MR. JORDAN NOT UNDERSTOOD B Y THE FARMERS’ UNION Organization is 44,000 Strong in Georgia And Its National President Talks of the Southern Cotton Association and Officials. WASHINGTON SEMINARY North Avenue and Peachtree Street. ATLANTA. For Girls and Young Ladies. Boarding Department strictly limited to provide refined home life. Classes divided into sections averaging about ten students to secure personal Instruction. Faculty of eighteen college graduates. Primary, academic, college preparatory, music, art and elocution. Certificate admits to Vassar, Wellesley, Etc. 28th Year begins September 13, 1906. Catalogue on application to Phone 647, J North. L. D. SCOTT, EMMA B. SCOTT, Principals. Jf UNIVERSITY SCHOOL FOR BOYS, 8TONE MOUNTAIN, GA. A home school limited to seventy boys with e^ht experienced teach ers. The largest and best equipped school gymnasium In Georgia, with a competent physical director. 4 Opens September 12. Write for catalogue. W. B. GRIFFIN, Principal, Stone Mountain, Ga. THE ALABAMA BREN AU | glTFAULA. ALABAMA, i — A high grade OolIrgr Conwrratpry for young laillo,. Thorough course In lito- rgry, special advantages In music, art. oratory: Orchestra of 15 Instruments. Beautiful now building, located upon n inagnlflcent elevation. Ideal winter ell- mate, splendid health record. Aia. Bre- nan Chautauqua take, !>*»<*<>* SJJ* 1 laaaBa^6rtfeJg p w I ^ —-ATLANTAj^y (jmvmMaavu f* WMITgHAlk SWC Thorough coursos of Bookkeeping and Shorthand at greatly reduced rate,. Good poiitions secured or money re funded. A,k our hundreds of gradu ates and their employeri about u». Clip this ad, send to us, and receive large llluetratad catalogue. MEET TO DISCUSS ■ THE POSTAGE HITE II. E. Ilnrman, of Atlanta, li sending out a for a meeting of the Southern Trade Press Association, to be held In thla city on Angust 17 and 18. The principal matter to l»e dlacuaaed nt thla meeting will be the recent net of con- croaa In appointing n committee to look Into the question of raising the postage rnte ou aecond-clnaa matter In order to mnke up to aomo extent the nnuual ( flclency In the postofflre department. TL meeting will l»e under the auspices of the Houthern Trade Prow Aakoclntlpn. ltat at- tendance will bo welcomed from nil clfaaea of periodicals, and It la thought representa tives of every newspaper organisation In the South will I* on hand. Jklr. Harman expects to ace between three hundred nnd five hundred repreaentatlvea preaent. PENNSY RAILROAD REDUCES TICKETS By Private Lenaed Wire. New York, Aug. 1.—The rennaylvanln Ballroail Company will put on aale Heptem- licr 1 1,000-mllc ticket, for 520. They will bo valid on all lines east nf Pittsburg and F.rir and will ho transferable. One-way fares In the same territory will be reduced tn 2j^ cent, a mile. Thla la a cat of 1 cent SALOONIST FINED $500 FOR KEEPING OPEN SUNDAY. Special to The Georgian. Savannah, Ga., August 1.—In the city court yeeterday Judge Norwood Im posed a fine of $50Q and coats on Peru Alamaros, convicted of keeping his saloon open on Sunday. Judge Nor wood atated that he was determined to break up the practice of keeping bare open on Sunday. WOODMEN OF WORLD ORGANIZE A CAMP. TAGGART SIDESTEPS PART! By Private Lenaed Wire. Indianapolis, Ind., Aug. 1.—Tom Tag gart will not attend the first district Democratic congressional convention at Petersburg today as he had announced he would. It had been stated that Tag gart would fnake a speech at the con vention. After the raid on the French Lick Casino, the arrest of gamblers there and the confiscation of their parai * natla, It was thought by the leade the first district that It would be bet ter for Taggart If he did not appear at the convention. He took the hint. COURT FINES NEGRO FOR INCENDIARY TALK. Special to The Georgian. Chattanooga, Tenn., Aug. 1.—Dooley Jackson, a negro, has been fined $50 and costs by the city court on a charge of Inciting a mob. His statements con cerning the white race are said to have been made soon after the death of John Parker, a negro who was fatally shot by Patrolman Clark. Increase In Population. Special to The Georgian. Chattanooga, Tenn., Aug. 1.—Accord ing to a canvas made by Captain F. H. Phillips, the city has a population of 52,000 and that there are 15,000 cbll dren of school age In the city. This Is a gain of about 2,000 Children of school age and a gain of about 13,000 adults. Hon. R. P. Duckworth, national president of the Parsers* Educational nnd Co-opera live Union of America, which has a mem bership of 44.000 fanners lu Georgia, was asked Wednesday by a Georgian reporter If he had read the reflections.against the of ficials of the Southern Cotton Association, and whnt he thought of them. 1'resident Duckworth said: “I am not surprised. You see, anybody can belong ta the* cotton AMaelatlon. It allows cotton dealers to take part In the workings of the association, and, of course, they will look after their own In- tereata.” “Whnt do you think of The Atlanta Georgian’s charges that Ilnrvla Jordan and hts counsel had caused tho Southern farui- ers«to lose thousands of dollars?" “I think It la true. Cotton, would never have gone below 1L cents, the minimum price set by the farmers' union, If Mr. Jordan had not filled the papera full of hla cry for 15 cents cotton. Ills articles were written lu such a way as to cause the spin ners of Liverpool to believe that the fann ers of the South had gone wild." “Didn’t the farmers' union indorse Mr. Jordan’s move?" "No, no, no. Tho farmers' nnlon has never followed Mr. Jordan. Ho has fol lowed ua all the time, until he went wild and declared for 15-cent cotton, and that la the time he got left." “What do you mean by hla following the formers* union?" “I menu flint the asroclatlon twice adopt ed the price set by the farmera' union, and won; but when It undertook to lend, farmer* suffered for Ita blunder.” “To whnt two times do yon refer?" "The flrat timo wlieu the farmers' union set the mlulmaui price In 1904. The country unions throughout the south met December 17, 1904, and ratified the minimum pries named, by the Tcxus officials. In January, 1906, the Southern Cotton Assoclntlou wna horn, nnd nt Its birth Indorsed the price wo had act. The aeoond tlhie wna when the farmers' union offclnls, lu August, 1906. set the minimum prlco for the season 1906-1906 nt ll cents. The cotton association met lu Beptemlicr ami ludorsed the price 11 rents. “Mr. Jordan tried to get the farmers' uulou, to reduce the prlco set below ccuts,' and we refused. Then be tried to get ua to put up the price nlwive cents, and we refused. We nevat have been able to understand llurvle Jordan's mo tives lu these strange propositions. “The time la uot far distant when the farmers will quit listening to politicians and apeculntora In matters of this kind." “Whnt do yon mean?" "Please, don't ask uie any more ques tions, as I will say no more for publication at this time*." CHAS. D. FREEMAN TO HARY IE JORDAN ON COTTON DEALINGS 8|>wltl to Th« Georgfsn. Bowman. On., August 1,—Bunyon Cheek, who has been here for about a week, haa been very successful In or ganising a camp of the Woodmen of the World at thla place. About 25 will be taken In tonight aa charter mem- bera, and Woodmen of high atandlng wilt be preaent from Elberton, Hart well and Canon to asalat In the Initia tion. Phone 406 or Drop a Poatal to THE TRIPOD PAINT CO., 37 N. Pryor St., and a fkttrffiam ARTIST Will bring you a sample-card and give you an estimate on Tinting your walls with DECO-MURA, the new sanitary Wall Finish. Handsome Brass Pieces We are displaying a magnificent collection of brass waves just now. A few are shown in our window. Desk appointments, Jardinieres, Wood-Boxes, Coal I Scuttles, Unis, Smoking Seets and the like. Substantial [and artistic. MAIER & BERKELE The subjoined letter wai recently ad dressed to Harvle Jordan, prealdent of the Southern Cotton Aaaodatlon, by Charles 1). Freeman, of Charles D. Freeman & Company, New York. Mr. Freeman la one of the beat known brokers In New York, and his firm hss branches In New Orleans, Savannah nnd Liverpool. He Is an authority on the cotton market, much In the same light that Henry Clews la an author ity cn things financial. Mr. Freeman's letter to Mr. Jordan Is an Interesting one, dealing with the queatlon of buck et shops and exchanges and strongjy defending the legitimate exchange. The letter follows. Dealing in Cotton Contracts. To Mr.' Harvio Jordan, Prealdent of the Southern Cotton Association, nnd Editor of The Cotton Journal, Atlanta Ga. Sir: My attention has Just been called to an article prepared by you for the Atlanta Credit Min's Associa tion, and published In a recent Issue of The Atlanta Journal. I have read it with some care. As I am a member of the New York Cotton exchange and of the New Or leans cotton exchange, and through iny own firm and that of my aasoclaics, Messrs. Glbert & Clay, of New Or leans, represent a large Southern clien tele, dealing In spot cotton and cotton contracts, I believe I may be pardoned for construing your attack upon the New York cotton exchange as a per sonal one, and also as an affront to every Southern customer of ours who contracts for cotton through these ex-‘ changes. As I understand it, the main purpose of your article was to forward the passage of a bill now pending in the Georgia legislature, to prevent dealing tn cotton contracts In the state of Georgia. I say I have read your arti cle with care, but I confess I have failed to find one sound logical argu< ment In support of your contention. You Indulge In vituperation and wan ton calumny In characterising the Now York cotton exchange aa a "den of Inqulty,” and a "clearing house of cor ruption,” and you make various bare- faced statements which would be un worthy of notice If It were not for the official, position you hold as president of the Southern Cotton Association, and aa editor of a journal which you are attempting to make the recognised organ of that association. It la plain enough to any reader of your article that you not only condemn and would destroy "bucket shops” and "local exchanges,” but also the New York "den of Iniquity” and every other cotton exchange in the United States, for you state that the Southern Cot ton Association. In all Its state and national conventions, haa passed strong resolutions demanding the enactment of laws by all Southern states prevent ing speculation In cotton contracts through any source. Has It ever occurred to you that If you nnd your association could aa compllsh such legislation— That, you would destroy the power ful competition that haa been built up under the contract system— That, the number of buyers would be leas, and the price consequently lower— That, buyers In control of large amounts of capital could at opportune times secure better bargains than now— That, the whole volume of the con' tract business could be transferred to Liverpool, Havre and other foreign markets, thus placing us at the mercy of foreign traders— That, the fluctuation In prices would be more unsteady and violent? If you doubt that such would be the result; I would refer you to the testi mony of numerous cotton merchants and splnnera given to the United States senate committee on agriculture, and reported to the senate In Febru ary. 1895. I especially recommend this report to you because It would en lighten you upon some matter* regard ing which you seem to be densely Ig norant. For Instance, you aay: "No spinner would think for a mo ment of executing s purchase of a con tract for cotton to be delivered at a future date through the New York cotton exchange with the expectation of getting whaf he bought” In a letter to the senate committee, Mr. Elliot C. Clarke, treasurer • f the Boott Cotton Mills, makes this state ment: "It Is not unusual that large contracts for the manufacture of goods, sometime* covering six to twelve months deliveries, are nfferej. during the-, early summer. Sometimes it would be Impossible to procure promptly sufficient ititton to fill these contract* at the time they are taken. By mean* of the exchangee the cotton can be obtained when needed, and Hie price of It determined at the time It la made. 1 frequently lmvo had occasion to buy cotton In thla way from respon sible firms”—and he names throe New York firms with whom ho made con tracts. other spinners make similar statements. But what Mr. Hiward Stockton, treasurer of the Merrimack Manufac tunng Company, wrote to the commit tea Is especially worth your consider:, tlon. "My opinion,” ne an Id, "Is that the system of selling cotton f r future delivery li. a great convenience to man- lecturers. It enables them to contract ahead for their goods and to secure raw material for .making the same at certain definite price. It tends to pre vent extreme fluctuations In price which existed before the exchanges were started. WJth those manufac turers who have a large quick capital, the best way to buy their cotton la to wait until It comes In freely In larger quantltlea than a legitimate demand for spinning will absorb. Without the fu ture system cotton used to crowd In/i the market, and the planter or factor would be compelled to accept the best price he could get, which was of great service to those manufacturers with a large capital, aa they could take ad vantage of the pressure and buy at ex tremely and abnormally low prices. This chance has been taken away from them by the system of futures, und en ables the factors and planters to dls pose of their surplus at such a time through the medium of the cotton ex changes, and enables them In this way to get bankers and others to carry It,” Mr. Edmund Dwight, treasurer of the Stark Mills, expressed to the commit tee this opinion: "If the planter wishes to prohibit the system of buy ing and selling futures, 1 think the manufacturers should let him have his wish. The effect would be to cause a large accumulation of cotton at the re ceiving points at certain seasons, which, being held for actual cash e urchascs, would find a smaller num- er of buyers than now exist. There would be times when the load would be greater than the factors could car ry, and a buyer with ready money could bUy to great advantage: If fu tures were abolished the number of buy ers would be less, and the average price lower.” I have quoted at length from this plies 1 conditions as It did ten or twelve years ago. Of course you will not deny the fact that extreme fluctuation* In price* are harmful to both the producer and onn a tuner, and In thl* connection I Invite your attention to a bulletin published jy the United State* department agriculture, entitled "Production and Price op Cotton for One Hundred Year*.” On'page 20 a series of tables Is presented, showing the range of prices of middling cotton In New York since the year 1821. These tables show that prior to the establishment of the cotton exchanges In this country the fluctuations In the price of cotton were far more extreme and violent than they have been since the Inaugu ration of the contract system. The department's bulletin makes the fol lowing deduction from a comparison of SHIRTS WELL LAUNDERED arc indeed a luxury—aisp a necessity such weather as (his. But the life of the shirt must be considered. We do high-class work with out injuring the clothes. Try Us and See Excelsior Steam laundry 40 42 WALL ST. TELEPHONE 41. GIRL'S ASSAILANT SAVED FROM MOB, TRIEDJ|ND RANGE Trial and Execution in Ken tucky Consume Fifty Minutes. fly Private Leased Wire. Mayfield* Ky„ Aug. 1.—Although fully 10.000 iMTsqns were on the scene, only n tew hundred witnessed the legal hanging here last night of the negro Allen Mathis, who criminally assaulted Miss Kthel McClain last Wednesday erenlug. Within fifty minutes from the time the Jury was sworn. Ihe negro had been tried, fouttfi guilty, sentenced, hanged and pro nounced dead. The execution took place st I o'clock the yard of tho Jail. Almost the eutlre fence nronud the scaffold was torn down by the crowd which desired to witness the hanging. It was about 9:40 o'clock yesterday even- lug when tho negro was brought here from Louisville lu charge of Deputy Hhorlff Klraorc and Galloway, accompanied 'by tin nnd he was twice In the possession of the mob. The soldiers surrounded the negro nnd a ntuulier of members of the Ilopklnsrllle company were compelled to draw their gun* and threaten to use them unless the mob fell back. The negro would bnve*met bis death by lynching, but thu crowd decided to let the low Inflict the pnulshment after It proceeded that far. * “ 5 YOUR EYE GLASSES Are an Important factor In your ap jearance. The Integral Kryptok Invla ble bifocals are dressy and real eye comforts. Far and nonr vision In one ideas. Mads exclusively by John I. doors A Sons, In Georgia, 42 North Broad street. Prudential building. TRY A WANT AD IN THE GEORGIAN the range of price* since 1821: "Leav- Ing out the war period, and those-years when the crop of the United States had not reached a supply equal to that Just preceding the war (aay from 1868 to 1878), there appears to have bren gradual diminution In the rnngo rices, the fluctuations being less dur- iig the decade 1881-1890 than at other period, that since 1890 being slightly In excess because of a contin ued movement In the price (occaatoned by the enormously Increased crops) which had not before existed." The only exception that can bo made to this statement Is the violent fluctuations In 1908, when there was an extraordinary demand for cotton, occaaloned by tho very small crop produced. You make tho statement that Inst year the South produced 10,600,000 lalss of cotton, while the recorda of the big exchanges will show dealings In nearly 500,000,000 bales In tho past twelve months; that if every transac tion had -been n bona fide one It would have required the delivery of fully 260,000,000 bales of cotton: thnt the legitimate laws of supply and demand are not recognised, etc. These statements are merely pre- sumptuous. A contract for future de livery la something like a check or bank note. A check for $100 may bo Indorsed to a number nf persons nnd Its face value bank. A $100 bank note may during the course of a day discharge $1,000 ot Indebtedness. And no n contract for 100 bales ot cotton may be sold several times during the day, or flfty times be fore It expires, and every time It Is sold It Is recorded aa u transaction In 100 bales of cotton. If It should be sold fifty times before the expiration nf the contract or the day of delivery, this would not mean that 5,000 balos had been sold, hut only 100 bales trans ferred flfty tlrpes. A* to the exchanges manipulating prices tn disregard of the laws of sup ply and demand, the assertion Is too ridiculous for serious consideration. There te perhaps no class of business men In the world who study so care fully these economic laws. Since the organisation of the exchanges they tinvo had better facilities than any other class of business men for ascer taining and anticipating the production of the raw material dealt In and the demand for It, for, like no other great commodity, practically every bale qf cotton may be traced from the place of production to the place of consump tion. The exchanges could have no existence If they attempted to Interfere with the laws of supply and demand. J The laws of supply and demand arc , forceful aa tt|* laws of physics, but' It Is due to your efforts that the supply has been underestimated and the de mand exaggerated, which haa resulted serious loss to the producers of cot ton during the past year. The South will never forget, and Members of your own association so state, that your 15-cent propaganda haa resulted In great and serious losses, have the speculative transactions of people who have based their Judgment your assertions ot a small supply. Your activity In support of the Boy kin bill Is Interesting, especially as you bring to bear upon It all the false reasoning nt which you are capable. There Is hardly a difference of opin ion aa to the advisability of suppress ing "bucket shone," as they are really tha temptation for gambling for thoso who follow your reasoning, and who should confine themselves to their le gitimate business efforts: but It strikes all IS rather absurd that, assuming attitude you do In the matter of cotton contracts—Ignoring the fact that they are the machinery for the distri bution of the cotton crop—you should continue to foster as the secretary of your association, Richard Cheatham, who is said to be such a large stock holder In one of the "bucket shops" tn e city of Atlanta, Ga. ■ it Is astonishing that you continue tn arrogate unto yourself credit for the advance In the price of cotton during 1905. Has it ever occurred to you that ■■sole reason for this advance was demand to supply the world's re quirements? As a final word on this qusatlon of supremacy of your Individuality, I this occasion to asaure you that can rely upon the growing intelN- of the people of tho South to see I own way to success on the broad- economical lines. They are fully Informed of tha great world factors are at work, and. In the near fu- when ths South is spoken of as most prosperous pert of the United Slates, do not tell us that Ita success accomplished through your ef- Very truly yours, CH.\ HLKH U. FREEMAN. TAYLOR’S ;••••• j Thursday and Friday! THREE SPECIALS Domestics 36*ln. Sea Island So Bleached Sheets 50c Bleached Cases ....•••** 10c Linens FROM EACH DEP’T. Children's Muslin Drawers, ruffled ,,..10c Children's Dresses SOc Muslin Night Robes 25c 66-Inch Bleached Damask 25c Brown and Bluo Dress Linen . at 121-2o Extra large Huck Towels.. 10c Wash Goods 39c Silk Mulls, for ........ 25c 10c Floral Organdies .... 7 1-2c 15c Mill End Ginghams.. 01*2o Dress Goods 60-Inch Sicilians 60c 38-Inch Batistes 60c 36-Inch 8hark.klns 23c Silk Dept 364nch Black Taffeta 89c 75c quality White Silk .... 59c 18-inch Louloine Silks 25c Notions Clark’s Spool Cotton .... 2 1-2c 100 yards Best Sewing Silk 8c Bullet Pearl Buttons ...... 10c Furnishings Ladles' Bleached Vests .... 5c Ladies' Lace Hose 15c 25c Soiled Corset Covers*. 15c 240 Marietta Street. Clothing Boy*’ White Duck Suits SOc Men*. Blue flerg. Suit. $6.90 Men’* Blue Serge Cost*.. .$2.60 Hats Child’* Straw Hats 15c Men's $1.00 8traws 30. Boys' new Fur Hats $1.00 Shoes White, tan or black Oxford. 98c Child'. Tan Barefoot* 50c Men’s Canvas Shoas 98c Ladies' Waists 50c Colored Waists 75c White Waists $1.50 White Walets 240 Marietta Street, the i take you < gence i their • that i ture. the i forte. cc o & > kl oc o H o > ki THE VICTOR SANITARIUM 321-323 Whitehall Street, - Atlanta, Ga. OPIUM* WHJSKY si and other dru* habits I In four weeks, tnta do not suffer os they do at many Institutions. Comfort of iiatlcnta carefully looked af ter. Sanitarium Is lion.•••like and pleasant, and not a prleon, as some imagine. Treatment entirely free from any harmful result*. For full particular* call or addn nm The Victor Sanitarium, or Dr. B. M. Woolley, Lock Box 387. horse thief loose, BARNS ARE GUARDED By Private Leseed Wire. Rockville* Md., Auf. 1.—Joseph H. Brown* notorious aa a horse thief of singular ability, pleaded guilty tn the circuit court yeeterday to two Indict ments charring grand larceny, com mitted a dozen years ago. Judg<> Hen derson suspended sentence and releas ed the man on his own recognisance, during good behavior. In con»*-qt!ence ths residents of the Rockville neigh borhood are Incensed and alarmed and have purchased tho entire stock of nta- ble locks and bars the local stores of fered. WORKING Chases Dirt 1910 EXPO. Boost the Big Show by using OLD DUTCH CLEANSER EVERY TIME YOU BUY A CAN YOU MAKE THE CUDAHY PACKING CO. CONTRIBUTE ONE CENT TO THE EXPOSITION FUND. A LARGE 8IFTING-T0P CAN FOR TEN CENTS. ALL GROCERS SELL IT mjL. —i ■- A.