The Marietta journal and courier. (Marietta, Ga.) 1909-1918, August 07, 1914, Image 4

The Marietta journal and courier., August 07, 1914, Page Page Four, Image 4

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Newspaper Page TextPage Four Che Marietta Journal AND The Marietta Courler. ~—PUBLISHED BY-— (he Marietta Publishing Company JOSIAH CARTER, - - - -- - EDITOR. JOSIAH CARTER, Jr., Business Manager. MRS. ANNIE L. CARTER, Associate Editor. e —————————— SUBSCRIPTION $l.OO PER YEAR. Entered a\ the Postoffice at Marietta, . Ga., as Second Class Mail Matter. Pttt et oottt e Official Organ of Cobb County. MARIETTA, GA., AUG. 7, 1914. g WASHINGTON GOSSIP m The great war in Europe will play havoc with the price of cotton un less the Government comes to the rescue. All the Southern Senators and many of the representatives have gone actively to work to do aill that is possible in the interest of the cotton growers. Germany, Austria-Hungary, Rus sia, France, England and lesser countries are involved and possibly Japan may get into it. Not only will the manufacturing and con sumption of cotton in those coun tries be affected, the shipment of cotton will be interfered with. Senator Hoke Smith has taken the lead in bringing the matter to the attention of Congress and the Presi dent and is Chairman of a Commit tee that will look after the South’s money crop, both in the way of fi-l nancing the surplus and in providin,;l safe shipment to foreign countries. | Congressman Gordon Lee is also a.I member of the Committee, 5 » 9 Everybody has talked of the time when the whole of Europe would be involved in war but nobody ever ex pected to live to see it. This war has come like a flash from a clear sky. Evidently the world at large: has not understood conditions asl they really existed. Emperor Wil liam says it is the result of ill-will which has existed for years against the strength and prosperity of the German Empire. It has been pre cipitated by the assassination three or four weeks ago of Arch-, duke Franz Ferdinand, of Aus tria and his wife, while they: were visiting Servia, a littlu! country with a population :)fi only 4,000,000. The hostility of Servia toward Austria on account of | wrongs inflicted is at the bottom cf the present trouble. Austria smrh-dj after Servia; Russia took little Ser via’s part. Germany went aftcrg Russia as Germany and Austria aroi allied; France has gone after Ger many, her ancient enemy and l-]ng-< land, as the ally of France and Rus sia, has declared war on Germany. | Millions of men are already in the field and unless something unex pected happens it will be by far the bloodiest of all modern wars. | S 8 % a | If six men the size of John L. Sul livan were stripped to the waist, giv en Bowie kunives, locked in a room and forced to fight to the death it would be an illustration of the struggle which has suddenly been started by the great powers of Eu rope. The imagination cannot picture surrender by either side as long as men can stagger to the con flict. | Maybe we will soon begin to ap preciate the Dblessings of peaco. What, if instead of “watchful wait ing”’, our President, had thrown us into a war with Mexico. | . & o & | One effect of the war in Europe has been to throw upon the New York market many American stocks held in Europe. They need gold over there and they are unloading securities and taking away our gold | It happens, however, that we have plenty of it. ‘ I have understood that a vear ago Europe held a billion dollars worth‘ of American stocks and bonds. Many} of these securities were dumped inm“ the New York market last year and were absorbed all right but New York bankers are unwilling to bel held up at this time and they have taken steps to protect the hbusiness of this country. The various exchanges have been closed, clearing house certificates have been resorted to, and emergen- Cy currency is being used to in crease the amount of money avaiia ble to meet the needs of the situa tion. As soon as things settle down the demand on this country for food supplies will make great prosperity for the Western farmers and if the Government stands by the cotton Dlanters this country cugzht aot in feel any bad effects from the titanic struggle across the waters. Foriunately cotton is a thing that will keep and that too without any very great expense. There is not muck cause for worry. It is just a temporary flurry so far as money matters are concerned, 8 & % B There has already been issued a bundred million dollars of emer gency currency, and four hundred millions is still available, while Con gress has authorized as much more as may be needed. This emergency currency was ai thorized originally under what is ‘known as the Aldrich-Vreeland law but the rate of interest was so high that the banks never used a dollar of it. The interest started at five per cent. The second month it went up to six, the next month to seven, and so on, increasing one per cent a month until it became ten per cent per annum in six months. No bank‘ would borrow money at that ratei unless it was in the throes of dis solution. I In June of last year money was 80 scarce that many bankers were uneasy and stocks were away down. I suggested to a member of Con gress whom I knew that the situa tion be relieved by reducing the rate of interest on the emergency cu:- rency so the banks could afford to "us:r it “H—ll, no,”” was his answer, “‘that law was passed by the Repub licans. . We'll never do anything to perfect it.”’ That was a new view of states manship for me but I let it go. Fn the next paragraph I will tell you about something that happened six months later. . " % & Three days before the Currency bill was passed Senator Hoke Smith and 1 were sitting in his office in the Capitol. In the Chamber the Senators were still wrangling over the measure. The Republicans were mad about the night sessions and the expressed purpose of the Demo crats to wear them out and force the passage of the bill. There had been a run on several banks in Washing ton and there was a row on between the Treasury and one of the big banks of New York. It was expect ed that within thirty days serious trouble would be precipitated. Senator Smith was worried over the situation. He knew that it would take at least six months to get the Regional Reserve banks into op eration. He knew that in the mean time, with the taking of $lOO,OOO - of stock in the Regional banks. and the transfer of reserves from one section to another there would be a perfect opportunity for hostile interests to force a panic. After a little thought he asked: ““Have we in Georgia a Currency Association organized to borrow emergency currency under the Aldrich-Vreeland law?” It happened that I had just been! examining the Report of the Comp—‘ troller of the Currency and stated | that there was such an associatioui and that there were more than twen ty in the United States. ! He had me bring down from the; Document Room a copy of the law. | I still have the copy on which he | made changes reducing the rate ofg interest so that the banks could usoi the money six months at a rate of | three and a half per cent per an-l num, less than is paid on savings de posits. That night he proposed the alm'nd-! ment in the Democratic caucus. It.g was adopted unanimously. ’l‘hoi next night it was adopted by the Senate without a dissenting vote. lli is in the law and today over a hun-; dred million dollars of that ('m‘rvn-‘ cy has been sent to New York to re- | lieve the stringency, and limitlvs‘s; millions are available at the same ' rate. The day of panics is over i_n'; this country. When the war in Eu- | rope made trouble in New York 'l| few days ago the emergency cur- | rency went to the rescue. ’ I am rather pleased to bossess the | little document on which is pvnvil-} ed the rough draft of the amend- | ment which made the $500,000,000 | available. I JOSIAH CARTER, , st ; FOR RENT—7I4 Church Street, | furnished or unfurnished. Posses-’ sion given immediately. Apply 10 Henry Meinert. Phone 35. | b | ; WE WANT | AT ONCE, LOAN APPLICATIONI; ! FOR $5OO TO $2500 ON EITHER; CITY OR FARM REAL ESTATE | i SECURITY. WE HAVE FINE | | LISTS OF REAL ESTATE FOR | SALE. .CALL BY AND SEE US. WILLIAM TATE HOLLAND, SUCCESSOR TO R. N, HOLLAND! AND BON, Wo. 1 RE‘.’NOY_Dﬂ; BUILDING, MARIETTA, GA. : THE MARIETTA JOURNAL AND COURIER. NEW SILOS. Mr. J. T. Brown, of Oakhurst, is completing a concrete silo that will hold a lio tons of silage. It has been constructed by direction of Mr. Creel and is similar to Mr. R. H. Northeutt’'s silo at his dairy farm. Mr. W. J. Florence, of Powder Springs, will begin building the same kind of silo on Aug. 11th, and Mr. John Humphries, of Acworth, is comtemplating building one on his farm some time soon. These fine silos cost less than $2OO. MAKES BACKACHE A Few Doses Relieves All Such Miseries. Bladder Weakness, Kidney Trouble and Rheu matism Promptly Vanish It is no longer necessary for any one to suffer with backaching, kid ney trouble, have disagreeable blag der and urinary disorders to contend with, or be tortured with rheuma tism, stiff joints, and its heart wrenching pains, for the new discov ery, Croxone, quickly and surely re lieves all such troubles. Croxone is the most wonderful remedy yet devised for ridding the system of uric acid and driving out all the poisonous impurities which cause such troubles. It is entirely different from all other remedies. It is not like anything else ever used for the purpose. It acts on the prin ciple of cleaning out the poisons and removing the cause, It soaks right in through the walls, membranes and linings, like water in a sponge, neutralizes, dissolves, and makes the kidneys sift out and filter away, all the uric acid and poisons from the blood, and leaves the kid neys and wurinary organs clean, strong, healthy and well. It matters not how long you have suffered, how old you are, or what you have used, the very principle of Croxone is such, that it is practically impossible to take it into the human system without results. There is nothing else on earth like it. It starts to work the minute you take it and relieves you the first time you use it. If you suffer with pains in your back and sides, or have any signs of kidney, bladder troubles, or rheuma tism, such as puffy swellings under the eyes or in the feet and ankles, #f you are nervous, tircd, and run down, or bothered with urinary disorders, Croxone will quickly relieve you of your misery. You can secure an orig inal package of Croxone at trifling cost from any first-class ‘druggist. All druggists are authorized to per sonally return the purchase price if it fails in a single case, Having been unable to secure competent help in Marietta I find that I would have had to discontinue one of my branches, either my Tailoring Department or else my Altering and Repairing, as I could not keep up with the work without help. Since altering and repairing gives me the year around work. I would have had to cut out making clothes. Bef Doing S I corresponded with my woolen house in Chicago to see if they could reccomend Tailors, that were expert and reliable, that I could depend upon for satisfactory workmanship, which my woolen house gladly. submitted. And enables me to compete with the lowest price tailoring to the highest price, barring none. If you arc hard to fit and feel or think that you can’t be fitted call and see me and I will lit you up at a very moderate cost. Call and make your selections early. Fall and Winter Sampl Now On Displ Over 1000 different patterns to select from. Suits and overcoats made to your measure at $16.00 up to $50.00. Pants to measure at $4.50 up to $15.00, My guaran tee stands back of these garments for fit and workmanship. Tam no agent. | buy the cloth and have Chicago Tailors to make them. If you have any altering and repairing bring same to me. Also ladies’ suits made to order by New York ladies’ Tailors, p ' For Busi WILLIAM CORALL i . L g®&@, * “‘ o Blair Building . Marietta, Georgia G 0 .. TR L L S G W 282) P 0 2 e 7% 0 VRS o A CAMEL PROVIDES K HIMSELF WITH i *@J, : ',[;‘i:‘,, S R R ENOUGH WATER ¥ FOR'HIS TRIP i OVER THE DESERT. /"y ‘ﬁ, f SQUIRRELS PROVIDE L 73 / > FOR THE WINTER; BEES, Sl .- BIRDS AND ANIMALS ‘ \\\'-{\*fi ALL PROVIDE FoR THE oS FUTURE— WHO _ \ \\\ = ) GETS THE MONEY f;: \:\?:Q“\\\ "YOUEARN® © w=fost | = This is a lesson to men, from a humble source. It is not only for the sake of having it NOW, that you should bank your meney, but also to provide against WANT that may come to you and your family. Then again, as your bank balance grows your reliability is recognized and more OPPORTUNITIES and more money are the natural re sults of your early toil and economy. Begin today. Make OUR bank YOUR bank. We pay 4 per cent interest. MARIETTA, GEORGIA Capital : $100,000.00 Surplus and Profits 70,000.00 Over 25 Years of Successful Business R S RS SRR R TRN OFFICERS. J. E. MASSEY, President. G. P. REYNOLDS, Cashier. JOS. M. BROWN, Vice President D. R. LITTLE, Asst. Cashier. Priday, August 7, 1914