Funding for the digitization of this title was provided by the Knox Foundation with support from the Friends of the Augusta Library.
About The Augusta daily herald. (Augusta, Ga.) 1908-1914 | View Entire Issue (Sept. 10, 1909)
THE AUGUSTA DAILY HERALD VOLUME XIV., No. 253. HARRIMAN’S DEATH DID NOT SHAKE STOCK MARKET OFFICIALS OF SEMINOLE SECURITY COMPANY INDICTED ON MANY CHARGES IN CAROLINA President John Young Garlington and Secretary Young Charged With Conspiracy and Obtain ing Money Under False Pretenses. INDICTMENTS WERE WHOLLY UNEXPECTED Charges Against C. J. Cooper, B. W. Lacy, C. J. Herbert and Orville H. Hall Were Not Expected. Will Ask Extradition After True Bill is Re turned. Special to The Herald. COLUMBIA, S. C. —Indictments were handed out in the circuit court here Friday in connection with the Semi nole securities swindle against presi dent John Young Garlington and sec retary James Stobo Young of the Sem inole Company, General manager C. J. Cooper and vice-president W. B. Lacy, of the Southern Life Insurance Com pany and C. J. Herbert, formerly of Atlanta and Orville H. Hall. One bill charges Garlington and Young with conspiracy and obtaining money un der false pretenses in connection with the exchange of sewenty-nve hundred shares of stock in South Carolina agency of Rome. Ga., Mutual Life for seventy-fie thousand shares 01 Semi-1 nole, which Darlington's agents sold at big prices. The second bill charges | all the men named above with con- j spiracy and fraud and breach of trust and larceny in connection with the sale of three thousand shares of the stock to Southern Life Company of North Carolina to the Seminole, get ting $108,661 1-3 per share, whereas the par value was only SSO a share. The indictments r gainst all but Young and Garlington, who were only «e --fendants here, will doubtless be a When the true bills returned the ex tradition of the remaining defendants will be asked for. The understanding Friday Is that Wylie, Samuels and Early, have turned states evidence. They were sworn in their own and other cases as witnesses to go before the grand Jury. PEARY NEARING UNITER STATES Steamer Roosevelt, With Successful Expedition, Expeoted To Eand At Sydney Saturday. TRURO, Nova Scotia. —The steamer Roosevelt, bearing the successful Peary Arctic expedition is expected to reach Sydney Saturday. Comman der Peary and the members of his family, who will meet him at Sydney will go to the United States by rail, making only a brief stay at Sydney. The Roosevelt with her crew on board will proceed tor Norfolk lacer. COOK SET SAILS TO UNITED STATES First Man To Discover the North Pole Will Arrive in New York About Sep tember 20. COPENHAGEN—nr. Frederick A. Cook left Copenhagen Friday by soa for Chrtatlans&nd where he will board the steamer Oscar 11 for New York. A large crowd bade him farewell. The Oscar 11, is due in New York, Septem ber 20 or 21. BENEFICIARIES TO MEDIC*! COLLEGE ATLANTA, Ga.—The appointment of nineteen of the twenty-six bene ficiaries of the scholarships of the Augusta Medical College, a branch of the State University, has been an nounced by Governor Brown. Other appointments will be made in the course of the next few days. STRUEMPELL "sAYS HARRIMAN HAD CANCER VlENNAr—Professor Adolf Struem pell, the Viennese specialist whom the late E. H. Harrlman came to Europe to consult, now admits that when he Baw Harrlman In July he diagnosed his complaint as cancer. ♦♦♦♦♦44444444444 ♦ WEATHER FORECAST. 4 ♦ ♦ ♦ Fair weather In this section to- 4 4 night and Saturday. 4 ♦♦♦♦♦♦♦♦♦♦♦44444 CAROLINA LIQUOR MEN MUSI FACE CHARGES OF DEFRAUDING THESTATE Circuit Court Handed Bills of Indictments To Grand Jury Charging Fraud, Bribing, Accept ing Bribes and Rebates. OTHERS CHARGED WITH PERJURY Bills of Indictments Will Be Handed in Saturday Against More Defendants —All Prominent Men. Special to The Herald. COLUMBIA, S. C. —The dispensary graft prosecution begun in the circuil court Friday with the handing to the grand jury of six bills of indictment,, charging conspiracy to defraud the state out of amounts ranging from eleven hundred to one hundred and thirty thousand, bribing, accepting bribes and rebates. The attorney general announced that other indictments against other defendants would be handed out Sat urday charging perjury. The defendants named are: Dis pensary directors Jos. B. Wylie, John ; Black, L. Whit Boykin, John Bellto-1 will, Jodie Rawlinson, dispensary com- ! missioner W. O. Tatum and liquor salesman James S. Farnum, Morton A. Goodman, John T. Early and H. Lee Solomons. RARRIMAN STOCKS OP ITJPEK Southern Pacific Ad vanced Two and a Half Market Was Strong and Active. NEW YORK —The stock market opened active and strong with prices generally higher. Southern Pacific was up 2 1-2, Union Pacific 1 3-4 and Reading 1 3-8. Anticipated in England. LONDON—The death of E. H. Har lrman was anticipated by the stock exchange and after the long period of uncertainty the effect of the passing away of railroad magnate was not as pronounced as had been anticipated. FYoces were marked down at the opening, but the market was quite unconcerned and it recovered quickly and well buyers came forward. COTTON MEN MEET TO DISCUSS TARE Meeting of Factors Called This Afternoon To Pnt Stop To Cotton Being Baled With Excess Bag ging. A meeting of the cotton factors in Augusta Is called this afternoon by Mr. A. J. Salinas, the president of the cotton exchange, to discuss the ques tion of tare on cotton. The question of excess bagging on cotton has been causing the buyers of cotton In Au gusta very much trouble and the meet ing is called this afternoon to take active steps to put a stop to the farm ers shipping cotton In Augusta with more bagging than is required. In recent years the glnners of cot ton In the South have been In the habit of placing more bagging on a bale of cotton than was necessary, giving local cotton men much trouble in handling the cotton. When cotton is shipped into Augusta it is weighed and the buyer has to pay for the weight of the cotton and of the extra bagging. The weight of the extra bag ging that Ahe factor has to pay for has cost Augusta cotton men much money in the past, and last year one house alone lost $15,000 from this cause. Just along what lines the local cot ton men will begin to work to put a stop to the practice Is not as yet known. At a previous meeting of the factors It was decided to deduct 50 cents from each bale that has excess bagging, but this methtfd has proved inexpedient. HORTON OARAGE WILL OPEN ON McKINNE ST. The Horton Wagon Mfg. Co. will begin the work In a few days of adding an up to date garage and automobile repair shop at their works at No. 513 McKinne St. The company I has secured the local agemoy for a couple of automobile* and they will | do a general repair and garage busi ness. At a meeting of the directors held a few days ago,Mr. L. J. Williams I president of the company, wag In structed to begin buying the machine-, iry at mce. | AUGUSTA, GEORGIA, FRIDAY AFTERNOON, SEPTEMBER 10, 1909. COTHAMMOURNS THE DEATH OF E. U. HAHRIMAN Signs of Sorrow Numerous in Financial District. Exchange Flag At Half Mast. ALL HARRIMAN OFFICES CLOSED Only Treasure r’s and Transfer Offices Open. Will Be Buried in Grave Blasted From Rock. NEW YORK —Signs of sorrow at the death of Harriman were numer ous In the financial districts Friday. The flag of the stock exchange was at half mast and a similar tribute was paid by other institutions and baifking houses. Ail Harriman offices in New York will be closed until Monday, with the exception of the treasurer's and transfer offices of the compa nies. Grave In Rock. ARDEN, N. Y.—The list of honor ary pall bearers has not yet been an nounced. The millionaire’s body will rest in a hlllisde. This method of burial was adopted when his oldest son, Edward H. Harriman, Jr. was burled two years ago. JUNK DEALER'S LICENSEREVOKED M. Steinberg Convicted of Having Railroad Prop erty in His Possession. For the purpose of stopping junk dealers .roni buying railroad material stolen from the Georgia railroad, that corporation appeared In the recorder's court Friday against M. Steinberg, of Augusta, and as a result of his trial before Recorder Picquet, Steinberg had his lisence revoked. It was al leged by the railroad that Steinberg had bought railroad material in Thomson > Ga., and Friday Railroad Attorney James M. Hull appeared be fore the recorder with a large num ber of witnesses and convincing tes timony was given the court. It appears, according to the testi mony, that Steinberg shipped during the latter part of August l a car of scrap iron consigned to himself In Augusta, Ga., from Thomson, and when the car was being unloaded In the local yards It was discovered by employes of the Georgia railroad that there was a journal brass and a draw bar mong Its contents. Agents of the road visited Steinberg’s yard and was found much material which was pronounced to be railroad equipment The find was reported to the police department and good work on the part of City Detective Bartley result ed In the arrest of Steinberg for the violation of the license regulations of Augusta, Inasmuch as he had rail read property In his possession. The railroad witnesses stated that they had warned Steinberg against receiv ing Georgia railroad property, and Bteinberg In his defense declared that he was not guilty of such acts. Steinberg declared that the railroad material was a part of a lot of 12,- 000 pounds that he had bought from a street railway company, but this was denied by the Georgia railroad wit- I nesses who testified that they had [ seen much steam railroad equipment at Btelnberg’s yards. After hearing both sides thorough ly Judge Picquet passed a sentence of revocation of Steinberg’s license. ALLEN & BAXLEY SUE C. & W. C. ROAD Under the provisions of the Hep bum act, Allen & Baxley a local firm filed a suit Friday against the Charleston and Western Carolina railway, a corporation existing under the laws of South Carolina, In the office of Deputy Clerk Godwin, of the United States court, for damages sus tained by reason of the failure of the road to deliver freight consigned to the former. Damages are asked for to the amount of $97.50 and attorney's fees of S6O, and the case will be tried at the next term of the U. 8. court. The local firm Is represented by At torneys R. J. Southall aud P. C. O'Gorin an. JONES RULES OUT HELM; CHATTANOOGA QUITS EDWARD H. HARRIMAN “Harriman worked in the today of tilings. He thought in present profit and crashed through opposition with the weight of his financial, sup port. His was the success of money and organi zation.” —George H. Cushing, in the American Magazine HARRIMAN’S REMARKABLE CAREER TOLD IN BRIEF HARRIMAN’S LIFE AT A GLANCE. Born February 25, 1848. One of six children of a country clergyman, whose salary was S2OO a year. After two years sftent in a church school poverty cut short his education. At inr of fourteen he became an errand boy in a Wall Street broker's office. Four years later he was appolr ted clerk, sharing in the firm’s profits. At twenty-two he bought a seat on the New York Stock Ex change with money he made in speculation. At forty he became vice-president of the Illinois Central. At fifty he undertook the reorganization of the Union Pacific. Now he has realized his dream of an ocean-to-ocean railroad system under his absolute control. Edward Henry Harrlman, perhaps the greatest figure In American rail roading and finance since the days of Jay Gould, was born February 25, 1848, In Hempstead, L. I. He was one of six children and his father wag a country clergyman, with a salary of S2OO a year. The poverty of his father cut short his school days and at the age of fourteen, after some home teaching and two years In a church school, he became an errand boy in a Wall street office. That was the business beginning of the man who died at the age of sixty-one, master of nearly 70,000 miles of American railroads. The boy’s rise was rapid. He watched the play of the stock market and the reeling ticker tape with those big, all seeing eyes, and never an op portunity got past him. At the age of eighteen he was a clerk in the broker's office, with a share In the profits. He speculated boldiy with his savings, and when he was twent.y two years old he bought a seat on the New York Stock Exchange, and became one of Its youngest, If not the youngest, member. His spirit was ever militant, his plans expansive, his optimism unshak able. Combined with absolute con fidence in himself he held to the con viction of the great industrial future of the United States, and he trained his growth along this line. He de termined that what, was good for the United States should be good for Harrlman. AID FROM HIS UNCLE. He was a wiry young man, with small body, big head, eyes that caught and held an adversary, never waver ing a genius at figures, with a mind that grasped and sorted facts so quickly that It seemed almost wiz ardry. Even as a youngster on the Stock Exchange there was never a moment when he could be regarded as a cipher. Boldness was the key note of his attacks, but never reck lessness. He was quiet, unobtrusive. Where thought or action sufficed he used no words. His undertone of brevity was concise, emphatic, com pelling. When a schoolboy, accord ing to report, young Harrlman could fight with bis fists as wel) as with bis head, and bis generalship made him the leader. The cruder method of fighting he threw aside when the gage of battle was the world’s mil lions, and he used his brains. He bad one wealthy relative, an uncla, Oliver H. Harrlman. His uncle, after the bent of the boy’s genius had been clearly established, gave him help. Young Harrlman had a way of ingratiating himself with the old Knickerbocker families, and he soon had many of them among his cus tomers. It was not all work and no play In those days, however, and Har riman’s pastime was driving fast horses At that time old Commodore Van derbilt, the greatest railroad genius of his time, was livlrjg and driving his own fast teams along the Boston road and other thoroughfares. The youngester who, one day, was to own control of the old Commodore’s New York Central, and many another road beside, had many a brush with him and took delight, in leaving his team behind. When he was thirty-six years old Harrlman got his first, chance at rail roading. He was made a director In trie Illinois Central and became owner of a little railroad on Lake Ontario, called the Sodus Bay. It was barely an appendix of a railroad and made no money. Harrlman whettod his genius on this ilne. He reorganized H and ran it so well that the Penn sylvania railroad found it more use ful than Its rivals and in a. short, time it. had become a factor In Western transportation and was paying divi dends. By the time he had been a director In the Illinois Central for four years Harrlman owned sufficient stock to bring about the election of Stuyves ant. Fish as president and himself as vice president. Twenty years later he was to tear from that, same office of president the man whom his power had placed there, hut at that, time he and Fish were friends and allies. He sold out his brokerage business and began to talk of Intellectual pleasures. This consisted, "however, of developing the railroads of the United States, and he kept up this Intellectual pleasure unfiagglngly for twenty years, starving his body, feed ing his wonderful mind and changing the railroad map of America with each recurring year. FIRST CHANCES IN RAILROADING. Stuyvesant Fish went abroad soon after Harrlman brought about his election, and the little vice president took the reins in his hands. Here was opportunity knocking at his door and he threw It. open wide and welcomed the visitor. Here was a Continued on Page 2. DAILY AND SUNDAY, $6.00 PER YEAR. DOBBS SAYS HE'LL USE DEMAREE IF HE PLAYUHIS AFTERNOON Dispatches to The Herald from Chattanooga received at 3 p. m. indicate that Augusta will win the pennant by forfeit, Chattanooga at that hour refusing to continue the series because President Jones has ruled that Helm and Demaree are Ineligible to pitch. Should Chatta nooga not change its decision no game will be played today. The dispatches received by The Herald follow: (By J. S. FARR.) * \ Special to The Herald. 4 CHATTANOOGA.—Jones has officially ruled (hat, Demaree and Helm are ineligible to pitch and threw out yesterday’s game. This is accord ing to the rules of the National Association. The Chattanooga crowd has quit cold, and It Is rumored that they will forfeit today’s game and the pennant to Augusta. Our club is in fine shape. 'Sr*' (BY JOE CURTIS.) Special to The Herald. CHATTANOOGA, Term. Yesterday's game has been thrown out by President W. A. Jones, in support of Augusta’s protest (hat Obatta nooga should not use pitcher Helm. President Jones has Instructed to protest any games In which Helm or Demaree are used. Manager Dobbs announces that pitcher Demaree will be used today. If there is any game, ft, is not known what the final outcome will bo. GAME FORFEITED TO AUGUSTA i BALL PARK, CHATTANOOGA. —Umpire Collins announces batteries for Augusta, Griffin and Car son; for Chattanooga, Do maree and Meek. First Inning Bierkotte up; fonl over grandstand. Collins announces game forfeited to Angnsta 9 to O By order of Pres. Jones, Demaree, Umpire Wes terveldt says he forfeits game to Augusta 9 to r O. Demaree should not have pitched. Meeting held in Patten Hotel yesterday morning was in error. President Andrews of Chattanooga- tells grand stand to get money hack at box office, game all off. Says Wagner has no right to pitch for Angnsta. "Printer’s Ink," In Its Issue of February 8, 1893, printed an In terview with Dr. ..] W. Lyon, which Is Just as good today as It was then, because it tells what a great power newspapers are in selling a good article —what a force they are In making adver tisers successful —rich! The doctor said: "Like all beginners, my meth ods at first, were decidedly crude, I thought, that I had such a good tooth powder that people would find it out, and It would not be necessary for me to advertise. In fact, at that time I looked upon advertising as an offensive sort of horn-blowing, used only by quack nostrums and country circuses, and altogether beneath my profes sional dignity.” “I began to study the various methods of advertising. I tried all aorta of dodges except legitimate newspaper advertising. 1 profited by the experience of others, and firiallv went Into the daily news pap.rs. I saw that I was getting results by the increasing demand for the goods; but it was hard, up-hill work, and all a steady outgo. . never used extravagant lan guage, but told the truth and kept repeating It. Now I consider ad vertising the life of the business, and would not stop It on any ac count ”1 believe thoroughly In steady, persistent, advertising, and con sider it as essential to my busi ness as fuel to the steam boiler. "The package unquestionably helps the sales. At first I put up my powdor In the form of com pressed tablets, done up In paper packages. After that I packed the powder In glass bottles, but found in some of them little flakes of glass, which made them very dan gerous to use. I then adopted my present package, the enamelled metal box, with a nickel-plated measuring tube—my own Inven tion and patent. Imitators? Yes, scores of them; people who fancy that If they can only get up a package lixo Lyon's their busi ness is made. But they are short lived; they bloom for a time on chimneys, rocks and blank walls, hut when once well washed by the rain they disappear and are heard of no more. "In this business are three factors—First, and a very long way first, Is the advertising. Then comes the preparation Itself, and with It counts about equal the third factor —an acceptable package.” If there is not encouragement In this story to business men who are hesltnting about, advertising, then nothing can be said to move them. There Is encouragement also to the men who have commenced to advertise. By keeping at It. having a care for aecuracy of statement, Insist ing that the article advertised shall always be up to-the standard —how can such advertising possi bly fall? Lyon’s Tooth Powder is a house hold word and Is welcomed Into hundreds of thousands of Amer lean homes because people havo faith In it. And because It la well advertised. ...
