The Atlanta Georgian. (Atlanta, GA.) 1906-1907, September 07, 1906, Image 1

Below is the OCR text representation for this newspapers page.

\ ATLANTA , i ( 'n ••••••mm 130,000 POP 0 !?" ° 26.000 IffjUMfl 16.000 MfJ Ifoel Of railroads.; Sevon Hfil nf’street railways 150 ffial Wlt»l >«.<M<I.OOO The Atlanta Georgian. GEORGIA Pnpnlntlon 2,600,000 Mil*** of atpnrn rnllrnnds 6.600 Milos of plootrlc rntlwnys 400 f'otton factories 130, spindles.. 1,600.000 Rales cotton consumed III 1905. 600,000 Vnlno of 1905 cotton crop 1100.000,000 VOL. 1. NO. 115. ATLANTA, GA., FRIDAY, SEPTEMBER 7, 1906. x PRICE: ggSTt HIPPLE PLANNED TO KILL SEGAL AND SELF SO THAT DEPOSITORS WOULD GET INSURANCE MONEY Wrecked Bank May Open for Business Saturday. sugar trust now likely to be sued Segal, Arch Promoter, Knew Nothing of Hippie’s Plan to Insure Him. WANTED TO FLOG BANKER STENSLAND $ fKKJ <K>0<>00000000000000O0000 o bank clerks decide o TO TELL ON EMPLOYERS. O 0 — 1 0 o Atlantic City, N. J., Sept. 7.— 0 0 It has been decided by the Amer- 0 0 lean Institute of Bank Clerks, 0 0 In session here, that It Is the duty 0 0 of all clerks In financial Instltu- 0 0 lions to expose irregularities on 0 a the part of their superiors. The 0 0 organization of bank clerks has a 0 0 membership of nearly 7,000. 0 CCK»OO00000000000000000000 By Private Leased Wire. Philadelphia, Sept. 7.—Amazing de velopments today In connection with the deliberate looting of the Real Es tate Trust Company, led the authorities to believe that President Frank K. Hippie, In his last desperate struggle, conceived the Idea of Insuring Adolph Segal's life and then killing both Segal am! himself, after arranging for the insurance to go to the depositors, who had been robbed of 15,000,000. It was learned today that three months ago Hippie tried secretly to have placed on Promoter Segal’s llfo an Insurance policy for 1100,000. Had he been successful, It Is believed, he vould have taken out other policies In ether companies. May 8ue Sugar Truth The scheme failed, however, because of Hippie’s manifest agitation and un certainty as to details. It Is shown upon Investigation that Segal know nothing of Hippie’s efforts. District-Attorney Bell today was ye-’ riously considering bringing criminal prosecutions against the sugar trust in connection with the looting of tho trust company. An effort also is to be made to have the Federal authorities prosecute under the Sherman anti trust law. It Is alleged that the sugar trust, by conspiracy, juggled 61 per cent of the Shackamaxon Sugar Refining Com pany out of Segal's hands. Segal, It l« said, discovered that the capitalist to a from he had assigned the atock was an agent of the Havemeyers, who fur nished the money. The sugar trust by this loan obtained control of the Shack amaxon Sugar Refining Company without the necessity of buying It, Directors Face Arrsst, Keg.il at ones retained counsel to devise and carryout a plan to recover the 51 per cent of stock, or falling In that, tri force the sale of the other Is per cent. Matters were at this stage •hen Hippie killed himself. Hhln three days' five directors of the trust company are to be arrested, “as the declaration made today by Banking Commissioner Backcy. They are accused of having attested the false statements of the bank's condi tlon. There Is a report that two of the directors, who are high In their pro fessions as lawyers, have received In “ e Past year 1750,000 from Segal as payment for passing favorably upon the securities he offered tor big loans. Bank May Resume. The Heal jdstate Trust Company will resume business probably tomorrow or -Monday. Several meetings have been held between the directors and Receiver USEUACASH Says Money in De positories Is Not for Speculation. Moorish, Officer Is Anxious to Punish Prisoner. WRECKER GETS CELL OF THOMAS HUNTER Chicago Man’s Friend in States Advises Tim to Fight Extradi tion. By Privnte Leased Wire. Tangier, Morocco, Sept 7.—Paul O. Stensland, tho Chicago bank wrecker, today was transferred from the cus tody of United States Minister Gum- mere to that of Consul General Hoff man Philip, who will be the arrested banker's official custodian from now on till he Is placed aboard ship to be taken to America. Instructions were issued officially placing Stensland In the hands of the United States. As Minister Gummere Is going on an Important mission to the Sultan at Fez, he transferred the banker to the consul general. Friend Cables Banker. A friend of the prisoner, from £au Claire, Wis., who is waiting at the Auditorium Hotel in Chicago for a re ply to his message, tried to complicate matters by sending a cable message W’hlch may bring him In contact with the law. This friend signs the name of Knutson. The message told Stensland to appeal to the Sultan ot Morocco against returning to New York, and an nounced the employment of Maitre La bor!, the celebrated French advocate Who defended Dreyfus. Both schemes nro utterly' absurd. As Continued on Page Three. OOOOOOOO0000O00OOO0000O000 o LAST TRUMP SOUNDS “ OUT AT GRANT PARK. O °«OOQOOO000OO000O00000000< 0 ,rum P hai been Hound- O 0 ,„,., an ' 1 bight concerts at Grant 0 Park are no more this year. So O 0 l "'““th the harbinger of fall. O 0 ha " * one > *«y* the city 0 0 m. k . hoard ordering Wede- O o !h ! r " r * ba nd to knock off for 0 “ the )e a r . 0 0 a*. , lhe temperatures ot these O 0 * ,lon 't wholly confirm the 0 a I, * me “t of the honorable board 0 0 V. Hm . m, ** ,on *r«. 0 o I h " forecast: 0 0 s ,. rt / i ” c,ou <fy Friday night tnd O 0 8a '“ r ?oy- o rv A rlday temperature.: O . .75 degrees O C,''™ degrees O 0 j rw »> degrees O O , m 84 degrees O 0 ' I* m degrees 0 «O3OOOO00000O00O000O000O0 By Private Leased Wire. Washington, Sept, 7, — Secretary Shaw today issued the following Im portant notice to all depository banka: ’’I am advised that many banks scat tered throughout the country are loan ing their surplus funds through brokers and others. In New York, on call, at high rates of Interest. ’’Money loaned on call Is well nigh universally for speculative purposes. "I recognize the right of any Indi vidual to speculate In stocks or In lands, and the legal right of any bank to loan money at appropriate rates of Interest, at home or abroad, on ample security, even with knowledge that It ts being used for speculative purposes. ’’I am not willing, however, that gov ernment money shall be enticed away from the locality where It has been de posited for the purpose of being used in this way. ’’Public deposits are made In aid of, legitimate business as distinguished from speculation, whatever Its nature. “Depository city hunks are expected to loan at regular rates or not at all. and they must not he tempted to act as agents Instead of correspondents for I _, other depository bn'hks In making' call I a matter of facep-etertslwnd woohl him lonns at high rates. | Ills back on the best lawyer on earth 1 if you have more money than your*If looking him In the face meant a re- ■ - ’ ■ lease from Ills present captivity and again made him a fugitive. Anyhow, there Is no habeas corpus law here. Tho law of the Jungle rules In the main. Wants 8ten.land Flogged. One Moorish official was greatly as tonished when told that under no cir- cumstances would he be flogged. The Moor wished to have Stensland flogged to force him to tell what he had done with the money stolen from his bank. He said he did not see how on earth the ends of Justice were to be attain ed without a morning and evening flog- glng. It was Impressed on him that in the United States a prisoner must be well cared for. His oriental mind failed to grasp American methods of treating a criminal but he acquiesced with deference and ordered that should the American minister honor him by Intrusting Stensland to his care, the banker would be treated os an honor ed guest. Gets Hunter’s Room. This means that Stensland will oc cupy a small room that opens on a tiny garden, Inclosed with a high spiked Iron fence with soldiers to the right and left. The same place was occupied by Thomas Hunter, the At lanta, Ga„ embezzler. No light can be thrown on the ar rangements for Stensland's return. The whole matter Is In the hands of the state department at Washington. Un less speedy action Is taken there inny be an annoying delay of a month. Stensland Is anxious and willing to come with ua. but a certain official routine complicates the situation, es pecially ns steamer accommodations at the present time are scarce, 410 BALLOTS STILL NO CHOICE FOR CONGRESS community can appropriately absorb, please return It to the treasury for It can be promptly placed where It will do much good. This does not nppty to banks with large reserves regularly on deposit with city correspondents." FEDERAL EXPERT LAUDS ATLANTA'S CITY GOVERNMENT Statistician Praises Munici pal Improvements and Bookkeeping. Starke M. Grogan, statistician for the United States department of commerce and labor. Is In the city, and Friday morning had many things of excep tionally complimentary nature to say about the government of the Gate City. “In going through the books In the comptroller’s office there were two things which especially caught my at tention," said Mr. Grogan. "The first Is the enormous per cent of money ex pended by the city which Is placed In permanent Improvement. For Instance, last year (1,879,138.39 was spent by the city, out of which (882,629.03 was put in permanent Improvement. This la about 20 per cent. The average la about 8 or 10 per cent, and some cltlea go for years without making any per manent Improvements at all. "The other feature is the debt. There are only a few cities In the United States which have so small a debt com pared to the population as Atlanta. Many of the cities have from three to four times as large a debt per capita.” As to the manner of keeping the books, Mr. Grogan said Atlanta had the finest system-in the United States, and that It was the hop# of the depart ment of commerce and labor that It would be installed throughout the states. Mr. Grogan said further that the system put In by J. H. Goldsmith, city comptroller, had been adopted by Chicago. , _ ■■You can not say anything too good about the way Atlanta’s government Is run,” snld Mr. Grogan, In conclusion. Mr. Grogan Is a Georgian by birth and claims Atlanta ns his home. Ho Is a young man, not yet 30. and has been exceptionally successful In his government work. MEANING THIS ? Waiting For the Patrol Wagon White Man Stabs Self. IS HELD ON CHARGE OF HORSE STEALING <2 © © President Roosevelt says there will be no tariff revision so long as prosperity prevails- NEWS ITEM. L Special to The Georgian. Statezboro, Ga., 8ept. 7.—After 410 batlota the eongresalonal convention adjourned at noon to moot again thla afternoon. There itemi to be no poa aibility of an agreement. Brannon’s men will not agree t< calling of another primary. They de clare the nomination ahould go tc Brennan on the batii of a popular ma jority. Haym Elected Clark. K pedal -to Tb* Oeorglan Savannah, Ga., Sept. 7.—J. R. Haym was elected by the - council clerk ot police court to succeed himself, without opposition. Three ballots were blank. Want 50 Men to Inspect Oil But For the Jobs 2,000 Toil There la a horde ot hungry office seekers In Georgia. Commissioner of Agriculture T. G. Hudson will have a Job on hla hands appealing the disappointed. There are 2,000 applicants for the seventy oil Inspectors’ places to be filled by Commissioner of Agriculture T. G. Hudson. . , Of this number the commissioner has already appointed twenty, and, there fore, for the other fifty places, he has an average of forty for each place, and the returns are not alt in yeL Hardly a day .passes but the com missioner la besieged either by letter or tit penon. As aoon as these oil Inspectors are named, the commissioner will turn hla attention to the guano Inspectors. The oil Inspectors are paid by the fee system, the guano Inspectors re ceiving a yearly salary of (1,000. The best oil Inspectors' jobs are lo cated In the larger cities, the Atlanta Job being the fattest one In the gift of the commissioner. Those. of Macon, Augusta and Sa vannah coma next In line. Roads Say 30 Days’ Notice Is Im possible. U DROUTHS ft Washington, Sept. 7—By far the moat Important matter that has come before the Inter-state commerce com missioners under the new rate law will be the problem of export cotton rates, to be considered next Thursday. It Is not too much to say that the commission's 'decision In this matter will set a precedent whose results may very largely decide whether the ne law shall be a success or a failure. That the great Importance of the hearing Is recognized by railroad men and shippers Is evident .from the fact that so many ot them have Indicated their Intention of being present, and have asked opportunity to be heard. The commission has been flooded with letters and tong telegrams on the sub Ject. The new law requires that thirty days' notice shall be given of changes In rates. The railroad companies say It Is Impossible to comply with this because of the uncertainty about the supply of shipping bottoms. If there Is plenty of botom capacity at the cot ton ports, the ships bid for the busi ness and ocean rates go down, which, of course, correspondingly reduces the joint rate made by the railroads. But If there are few ships In port In pro portion to the amount of cotton await- ng shipment, ocean raten are likely to soar, and with them the Joint rates must likewise go up. To give thirty days’ notice when such fast fluctuating conditions gov ern Is declared by the railroads to be utterly Impossible. Therefore, they ask the commission to exercise the discre tion given It by the new law, and grant an exception to this rule of (0 days’ notice In the case of cotton rates. Shippers of cotton are almost unani mously on the side of the roads In the request. But there are some phases which make the commission's action doubt ful. It Is known for Instance, that If the Southern roads are permitted to make export cotton rates on five days' notice, the Northern lines will soon be asking the same privilege as to grain rates. In some ways there Is even more element of uncertainty Bbout grain shipping than about cotton, And If the cotton roads and the grain roads- get It, there will be de mands from all kinds of exporters for like consideration, with the present re sult that benefits of the thirty days' notice feature will be minimised or confined to some classes of business and thus constitute In a fashion a discrimination. In the matter ot cotton rates; the In fluence of Wall street speculation on ocean rates la Just now receiving soma attention. It has been broadly Intimat ed that speculators are able at times to manipulate ocean rates to the ad- ket and that In fact the privilege of making changes without notice would at times be a most powerful one In Proprietor of Atlanta Hotel Had To Cough Up. D. N. Baldwin, proprietor of the New Atlanta -.otel at (2-(4 Houston street, had some trouble with the Atlanta Gas Light Company lost week because of the robbery of one of the slot meters In his building. This was on Monday. Friday an employee of the company came with' a bill for the amount sto len from the meter. Mr. Baldwin want ed to argue as to the payment of this bill. . The amount was (3.90. It had been four days since the money wee stolen. Mr. Baldwin had hla suspicions as to who had got the money and wanted to wait a while before paying the amount. But— "If you don’t pay this Immediately will shut off your gas right now," said the employee as he started for the meter. It was after 5 o’clock. There were a hundred gueala. In the house. Many of them were stage folks and were get ting ready for their early perform ances. There- were n<> lawyers In the house, so Mr. Baldwin' paid the bill. He thinks the treatment by the gas company was rather arbitrary. But It Is the same sort of treatment— only not quite a* bad—aa that accorded Mnnager Van Landlngham,. of the Ma jestic-, by the Georgia Railway and Electric Company.' Of course the two companies are the same. Mr. Baldwin thinks the corporation sand-bagged him. He thinks It Is strange that the corporation trailed till nearly nightfall to present Its peremp tory demand coupled with a threat. Ha thinks the fart that he was running a hotel and had guests to furnish light to caused the corporation to wag (111 after 6 o’clock. He could have got a mandamus or an Injunction, maybe. If the bill had been presented earlier In the day. Similar cases have been carried to court In New York city and the gas trust there has a number of Injunctions against It. Mr. Baldwin Is a convert to the Idea RILL OFFICER OPERJRIl Soldiers at Warsaw Mutiny and Over power Guard. Special Cable—Copyright. St. Petersburg, Sept. 7.—The director of the Rrison at Warsaw has been shot by mutinous soldiers of the garrison, who then overpowered the guard and set free all the revolutionists, 56 In number, who ware confined In that sec tion of- the prison. The mutineers left the prison with the men they had re leased. The jail at Pensa wae fired by the irlsoners who attempted to eecape, 'he flames were extinguished, how ever, and the prisoners were held. The famine situation Is giving the government great concern, and It Is feared the lack of food will cause the peasants generally to Join the disor derly elements. M. Stolypln Is be nldlng every effort to meet tl«. situa tion and relieve tho most pressing dis tress. It la not Improbable that a heavy port duty will be Imposed on grain In order to keep It In the country avail able for the relief for the famine stricken districts. 00000OO0O000OO000O00O00000 O TAR TO BRING 8UIT Newport,-R. I., flept. 7.—A suit 0 0 Is to be entered In the superior 0 0 courts of Rhode Island, In the O 0 name of Fred Buenxle, chief yao- 0 O man In the United States navy, O 0 against the Newport Amusement 0 0 Association, claiming damages for O 0 discrimination against the uniform O O of a United Staten sailor, because 0 0 he wee put out of a dance hall. 0 0 The suit has the Indorsement of 0 0 Rear Admiral Klnchar, of the 0 0 Narragnnsett district. 0 O 0 00000000000000000000000000 of municipal ownership of a lighting plant. "The city won’t be eo likely to sand bag a patron," he says. The Idea seems to be growing. Goodhy to Summer—Fall We Hail! We've Just Received First Cotton Bale Skldoo to summer! Fall It here officially and any spas modic attempt on the part ot the weather sharp to discredit that fact won’t avail. For why? Easy, easy thing. Atlanta received — - , . her. first bale of 1906 cotton Friday market manipulation. All these phases . .. .... ' are likely to be Investigated before the) morning. Now, summer, take the commission acta. countl It the first bale of the fleecy Isn't Fell's official harbinger, pray what la? W. F. Reeves, a farmer living near College Park, raised It, and Smith 4k Higgins bought It Friday morning. Price wean't top-notch, because the staple was a bit "off color,” but Mr. Reeves got a pretty nice figure for It— and the glory. Smith A Higgins bought the tint bale of new cotton last year. When Arrested He Tried to Stab Patrolman Mashburn. Angry because he had been arrested for nteallng a horse and thwarted in an attempt to stab the officer who had ar rested him, Eber Echols, 45 years old, cut his throat Friday morning and is In a precarious condition at the Grady Hospital. Only the prompt interfer ence of Officer .Mashburn prevented Echols from killing himself at once. Echols’ attempt on his life took place in the store of Nathan Teitlebaum, 290 Butler street, near Harris street, at 8:45 o'clock. Officer Mashburn had ar rested Echols at Harris and Piedmont streets and went tu the grocery to tele phone for the patrol wagon. While the officer was’using the tele phone he kept but a light hold on his prisoner. A sudden movement caused him to turn and he found Echols with an open Barlow knife raised in the air nnd evidently in an attempt to stab his captor. Mashburn grasped his prisoner by the arm, but could not prevent his bringing down the knife and slushing his own throat. After a moments struggle the officer succeeded In plac ing handcuffs on the wrists of the pris oner, who fought until half unconscious loss of blood. Echols was rushed to th» Grady Hospital. where it was stated later in the day that he might recover. A wound three Inches long anil very deep was made by the knife, which was sharpened to a razorllko keenness. Echols Is accused of stealing a horse from a negro named Henry Watts, who lives at Tenth nnd Jackson streets. The officers state that Echols stole the horse and sold it to a man nt East Po4nt, Go. This took place about three weeks ago and though the police de partment hns been watching for Echols he was not seen until today, when Of ficer Mnshburn found him with two sets of harness In IiIh possession. According to one witness of the at tempt at suicide, Echols stated that he had money to pay for the horse. “That’s nil right,” snld the officer, "you can settle that at the police sta tion nfter you nrc locked up.” "I don’t see how I’m going to get my money if I’m locked up," said Echols. Then he drew tho knife nnd slashed at his throat. . On tho police department records Echols Is registered ns J. B. Echols* though a cousin who keeps a livery sta ble near Decatur street says tin* right name is Eber. He hns been living at 10 Corley street, but his home is in tho country near Chastain Town. If Echols recovered from his attempt at suicide he will be transferred from the hos pital to the police station and tried on he charge of horse stealing. CABANISS SLATED ; AS SUCCESSOR OF Ti Former Business Manager of Journal for Senate Secretaryship. Is H. H. Cabanlss slated to succeed Charles S. Northen as secretary of the senate of 1907-8? If persistent rumor Is to be credited Mr. Cabanlss’ friends are hard at work with that end in view, and claim that they will undoubtedly succeed In land ing the Atlantan In the position. It Is understood that Mr. Cabanlsa has said that he Is not a candidate for the place, but In spite of that avowal his friends have gone quietly to work with the expressed view of landing the job for him. Precedent was smashed In the Ma con convention by naming others than the secretary of the senate ami the clerk of the house ns secretaries of that body. H. H. Cabanlss and Pro fessor E. L. Martin, of Macon, were the convention secretaries. That fact started the rumor that both Mr. Northen and Mr. Bolfeulllet would have opposition. It Is said that Governor-elect Hoke Smith favors Mr. Cabanlss for the sec retaryship, nnd that will. If a fact, carry powerful weight. Secretary Northern In the meanwhile not worrying particularly. He as serts that he has now sufficient pledges from the senate-elect to Insure ■i- r> i- sure that It would nd powerful Influ- lie retentl take a strong man ences to defeat hi the most popular n deemed a mo: he is one of t In the state and capable official.