Newspaper Page Text
VOL. VII.
MONEY AND CREDITS.
GEN. WARNER EXTINGUISHES
BANKERS’ HERESIES.
It Xlnoty-XIae Per Cent of the UustoeRa
of the Country Is Done with Cboeka
Then It Must lie. All in the llauds of
Due Per Cent of the People.
It Is doubtful if there is any error
pertaining to monetary science that is
at ouce so common and so misleading
as that 90 or 95 per cent of the busi¬
ness of this country, or of any coun¬
try, is done without the use of money
ut all. This error has gained wide
acceptance because it has been pro¬
mulgated by writers of eminence, both
in this and other countries. For in¬
stance, Prof. Taussig of Harvard Col
stance. Prof. Taussig or Harvard
College has said that the business
done by credit devices was probably
thirty times that done by money, and
so eminent an authority as McLeod
has said that 99 per cent of the busi¬
ness of England is done without
money. The impression apparently in¬
tended to be conveyed by such state¬
ments is that as so large a part of all
the business is done with credit de¬
vices and without money, money,
after all, is of little importance in the
trade of the world. And it may be
asked if 95 or SD per cent of the busi¬
ness of the world can be done without
money, why the other 5 or 1 per cent
cannot be done without money also,
and thus do away with tlie use of
money altogether? In the first place
such statements are without any foun¬
dation in fact, and it is astonishing
that they should be made by such
writers as Taussig and McLeod. For¬
tunately. however, we have approxi¬
mately exact data for determining,
within close limits, the true propor¬
tion of all transactions done in this
country with credit and with money,
and also the close and necessary rela¬
tion between money and that form of
credit by which trade is carried on
and transactions closed. The total
volume of money in circulation in the
United States Oct. 1, 1898, as stated In
the treasurer’s report for that date,
was $1,585,593,509. While the writer
believes this to be an over-estimate,
especially as to gold, it may be ac¬
cepted for the purpose of this paper
as substantially correct; or, for con¬
venience of round numbers, let it be
taken as $1,550,000,000. The total de¬
posits in 9,815 banks of all kinds in
the United States June 30, 1895, was
$4,900,440,670; of these deposits, $552
£63,398 was money, the rest being bank
credits. That is, the $552,363,398 of
actual money was expanded by the
addition of bank credits, done by
writing credits in the books of cus¬
tomers cf the banks, to $1,900,440,670.
Again, for convenience of round num¬
bers, we will make the deposits $4,
900,000,000 and the cash reserve $550,
000,000. But as we have counted the
$550,000,000 once, as part of the money
volume of $1,550,000,000, and again as
deposits, we must deduct it from the
deposits, in order to get at the true
proportion of work done by money
and bank credits. Let it be under¬
stood at this point - that by one of
these two agencies, actual money and
bank credits in the form of deposits
subject to check, all transactions of
every nature and kind involving pay¬
ment in money are liquidated. There
Is nothing outside. Checks and drafts
are net money, but they are orders to
pay money, or to transfer deposits
and thereby to close transactions.
Checks and drafts make possible our
modern system of bank credits, which
so largely take the place of the old
bank note. We have, then, as the
true volume of money and credit, by
means of which all commercial trans¬
actions are carried on, and all money
obligations of every description, liqui¬
dated—actual money, $1,550,000,000;
bank credits, $4,350,000,000; or a total
of $5,900,000,000. The per cent of each
being—actual money, 28 per cent;
bank credits, 72 per cent. If bank
credits and money each perform the
same amount of work, dollar for dol¬
lar, we would have in these percent¬
ages the true proportion of work done
by each, and In that event, instead of
the proportion done by credit in this
country being 95 or 99 per cent of
the whole, it would be only 72 !-er
cent. But It cannot be claimed—or, If
claimed, cannot be maintained for a
moment—that bank credits are as effi¬
cient or do the same work, dollar for
dollar, as actual money. The money
part of the entire volume of credit
and money is never extinguished, and
that part of it outside of the banks
and in the hands of the people Is
passing constantly up and down the
country, doing the every-day w’erk of
trade. It pays the wages of labor,
and, In a large measure, for the trans¬
portation of passengers and freight on
railways and steamboats; does most
of the retail trade and works con¬
stantly; while bank credits are extin¬
guished with every transaction and
must be recreated by new deposits.
Moreover, a considerable part of the
deposits included In the above are not
subject to check without notice, and
consequently are rather Investments
THE RECORD.
DEVOTED TO THE INTEREST OF JOHNSON COUNTY AND MIDDLE GEORGIA.
WRIGHTSVI LLE.’GA., THURSDAY, MAY 4, 181)9.
than money of any kind. When,
therefore, the relative efficiency of
money and bank credits are taken into
account, as they must be, it is doubt¬
ful if even 50 per cent of the transac¬
tions is done by means of bank Cred¬
its than in any other country. But
if 50 per cent, or even more than that,
of the business of this Country is done
by means of bank credits, it does not
follow that there is not a close and
necessary relation between the volume
of bank credits and the reserve of
cash upon which it rests. The total
cash reserve on which the $4,900,000,
000 of deposits is based is $550,000,000.
In other words, this is all the cash tho
banks had on ttie date named, with
which to pay the $4,900,000,000 en¬
tered ou the books of depositors. It
is plain that if at any time the whole
$550,000,000 should be drawn out, the
entire fabric of bank credits would,
for the time being, be extinguished;
for there would he* nothing to pay
checks with. Indeed, in the panic of
1S93 the lawful money reserves of the
banks went down to $289,244,850, and
none of the great metropolitan banks
would or could pay on anybody’s
checks any considerable sums in cash.
To have kept the proper proportion
between' cash reserves and deposits,
the deposits ought to have been cut
down to $2,500,000,000, which was im¬
possible by any process. To have sud¬
denly called on depositors indebted to
the banks for 10 per cent of the
amount required to restore this pro¬
portion would have produced bank¬
rupts by the thousand. It is right
here, in this relation to bank credits
to actual money, that the instability
of the credit system lies. It is here
that ail panics begin. France never
has such panics, because the propor¬
tion of money to hank credits is so
large that there is never any danger of
a collapse of credit. Who can doubt,
if in our system hank credits were
reduced by, say $500,000,000, and the
money part of the entire volume of
money and credit increased by $500,
000,000, but that the system would be
far safer. Indeed, we never will have
a stable money system until some
method is devised for enlarging, on
the one hand, the proportion of actual
money, and on the other restricting
the proportion of pure credit. Cer¬
tainly, it would not be deemed safe
for a moment to Increase the propor¬
tion of credit without regard to lawful
money reserves, and hence a certain
definite relation must be preserved be¬
tween money and credit devices which
take the place of or supplement money.
There must, then, he some recognized
proportion between primary money, or
money of ultimate redemption, and
forms of money made dependent for
redemption on the volume of primary
money, and some safe proportion be¬
tween lawful money of all kinds and
bank credits. When, therefore, the
primary money, the foundation of all,
is contracted, safety requires that the
entire superstructure of money and
bank credits based upon it should be
reduced in the proportion necessary to
maintain the previous relation of one
to the other. That is, if with $500,
000,000 of primary money, $1,000,000,
000 of other money and $4,000,000,000
of bank credits, be deemed a safe pro¬
portion; then, if for the same popu¬
lation the primary money he con¬
tracted to $400,000,000, in order to
maintain the same safe relation, the
other money should be reduced to
$800,000,000 and bank credits to $3,-
200,000,000, which would be an enor¬
mous contraction and would send
prices rapidly down. Contractions of
this kind, and even much greater,
have taken place in this century at
different periods, involving the loss of
millions and the ruin of thousands.
If the entire volume of currency con¬
sisted of primary money, then, if there
was a shrinkage of $100,000,000 by ex¬
portation, the effect on prices would
be very slight, and, hence the larger
the proportions of primary and full
legal tender money, the greater the
stability of the whole structure. It
ought, at any rate, to be clear to every
one who looks Into the question that
the notion that prices can be main¬
tained and business done by credit
alone, without money, are mere delu¬
sions. The volume of money deter¬
mines at last the volume of bank
credits that can be safely maintained
upon it, and the whole, the efficiency
of each being duly equaled, determines
prices.
A. J. WARNER.
Dogg Better Than Humanity.
When I see love lavished upon dogs,
dogs pampered by mothers and sis¬
ters, while nurses take care of the ba¬
bies; dogs riding through our parks in
royal state, while in our tenements
children by the hundreds die In un¬
speakable agony or grow up starved
into crime or neglected into sin; when
I see the aristocratic spirit of many of
our churches, a spirit that cannot
touch the poor with gloves, I feel the
need of that prayer, "Thy kingdom
come.”—Rev. Madison C. Peters.
Hatch Inc: Candidates In Ohio.
Washington Post: The Ohio guber.
natorial Incubator Is kept at the prop¬
er temperature and hardly a day passes
but a new batch of chicks Is turned
out.
SOUND MONEY LUNACY
NOTHING IMPOSSIBLE TO GOLD
BUG LOGIC.
Our Present Absurd Situation—A* It In
Manufacturing We Had au Infinite
Supply of Power but Confined Our
•elvee to a Source Gas.
What Is a plow? It is the one sole
fundamental instrument of agiculture
(for breaking and turning up the
ground). True, the spade may be
used, but Its employment would be
more costly and limited. Suppose the
law, among Its ten thousand absurd¬
ities, should declare that only the
spade of special kind of plow would
become something more than the in¬
strument of agriculture? It would be
come a tremendous power over all the
business of the world, says Hart. Do
not wonder and laugh at the sugges¬
tion of such a law. Things much more
ridiculous and awfully wrong have
been created by law. Ten thousand
tyrannies, wrongs, outrages, and ab¬
surdities have been created by law
and upheld by mankind. So do not be
surpised at this suggestion.
What Is a deed? It Is the Instru¬
ment for conveying titles to lands.
But If the law declares that no con¬
veyance shall be legal except it be
made upon some peculiar vellum or
parchment, very rare and costly, and
procurable only from certain few p®r
sons. do you not see that your deed
has been made much more than a
mere instrument as above defined? it
has become a most formidable power,
and the few men who control it are
world-wide rulers—"monarchs of .ill
they survey.” You, Oh people!
“would not submit to such tyranny.”
So you say and think. But you do sub¬
mit to things fully as bad, or worse.
You do so because you are used to It
and refuse to employ the reason that
God Almighty has given to you. And
what Is worse, the best among you, as
you call yourselves, all the proud,
rich, powerful and educated ones; all
“society,” as It terms Itself; all direc¬
tors of great institutions crouch down
and submit boasting; and your cowed
souls, who tremble le6t you be In¬
cluded with the low herd of “calamity
howlers.” submit to what Is, even to
the greatest business men among you,
a terrible oppression.
For example: What is money? All
science, every authority on the subject,
all persons everywhere define It as
"merely the instrument to facilitate
exchanges.” But can you not see that
the moment the law declares that gold
or gold and silver shall be the sole
legal tender—that Is, the sole lawful
money—It has become more than an
Instrument for exchanging? For those
metals -are so rare and costly that It
requires all their value to' produce
them in a state fit for coining. The
instrument has become the most pre¬
cious of all commodities and most de¬
sirable for hoarding up Instead of tor
use.
All exchanging Is embarrassed by
this law. People starve amid plenty.
Labor dies for lack of employment in
sight of Infinite demands for Us em¬
ployment. You had two strong hands
and arms wherewith to live, and you
have lopped off one and palsied the
other! It Is as if in manufacturing
you had Infinite store of power, but de¬
liberately confined yourself to some
scarce natural gas costing more than
it Is worth.
“But we have paper substitutes,”
you say, “and they do the real work of
exchanging.” Yes, and very goon dis¬
trust comes In the very height of your
business, when all your paper must
be paid In gold, and then your prop¬
erty Is at the gold owners’ mercy. And
do you know that one house owns all
the gold In the world, bullion and coin,
through Its hold on the bonded debt
of Great Britain? Don’t you know that
debt equals all the gold, i a a ll of It
payable 'n gold, and being the oldest
of all debts, holds the gold like a
first mortgage. What doe3 that
mean? It means that all of
the other bonds, shares, stocks
and bills payable In gold are really
bankrupt, because there Is no gold to
pay them. It means that you can nev¬
er get even a few millions of gold
save by permission of the one house
that owns the bonds of the British
debt. Monometallism means that all
said debts are bankrupt. What are
these bonds and shares good for, then?
Good only to collect the interest and
profits, but as to principal not worth,
under the legal tender gold law, one
cent. All the gold now in the world
will not pay two per cent on the debts
of the world. And yet the simpletons
whose sole wealth consists of such pa¬
per bonds and shares boast that they
are for the gold standard. Such paper
can never be legally made payable in
anything else but gold, for that would
be to alter the obligation of the
contract.
Ylie Moner-t.innerV Interest.
The editor of the Tribune does not
wish to appear visionary, but. to him,
no government seems perfect while
man toils yet suffers from hunser;
where years of honest labor will leave
him nothing but the workhouse in his
old age, and compel him to rear his
children in degradation anil ignorance.
To us every report of privation and
every crime is a proof of imperfection
in our social system. It is the level
of the masses by which we should
measure our greatness. It is the ele¬
vation of the mass»3 that will insure
the perpetuity of our institutions.
For these reasons we would guard
their interests well. While we have
no quarrel with the wealth of the
country, and especially the great bank¬
ing Institutions about which our critic
seems to feel so badly, yet we do not
feel that they need much of our watch¬
ful care, for they have demonstrated
the fact that they are fully able to
take care of themselves.
We believe the one thing that the
lover of America and its institutions
needs to fear is organized wealth. Espe¬
cially when concentrated in the hands
of a few men, who through purely
selfish motives would use the power
that their wealth gives them to rob
their fellow-men. It is natural that
they should. In their transactions
where millions are involved the rights
of individuals become insignificant.
To-day there are but few of the neces¬
sities of life that are not controlled
by some trust, and the small number
yet remaining will soon be under their
control.
Among these necessities Is money.
The great organization which makes its
living and amasses wealth as money
loaners wishes to obtain control of our
money. It is to their interest to do
so. They have millions out at inter¬
est. and the scarcer it Is the more val¬
uable It becomes and the more certain
they are to find a demand for that
they possess. For this they favored
the demonetization of silver. For the
same reason they are seeking to have
a law passed that will cause all of
our greenbacks to be destroyed and
give the money loaners authority to
issue their notes in their place.
The editor of the Tribune believes
in free speech and a free press, where
every man shall he given an oppor¬
tunity to he heard. We would* give
all an equal chance to give full and
free expression to their opinions. Gov¬
ernment is still in the experimental
stage, and we the students, seeking to
learn. No man can say that he has
graduated, without making It appar¬
ent that he is barely fit to enter the
primary department, Our children
will look back at the social system of
today and remark the crudeness of our
Ideal of what a perfect government
should be.—Farmer’s Tribune.
liberty.
We honor Liberty in name and in
form, sound her
We set up her statues and
praises;
But we have not fully trusted her.
And with our growth so grow her de¬
mands.
She will have no half-service.
Liberty: It is a word to conjure with,
Not to vex the car In empty boast¬
ings, Justice
For Liberty means Justice, and
is the natural law—
The law of health and symmetry and
strength and fraternity.
As the sun Is the lord of life, as well
as of light;
As his beams support all growth, sup¬
ply all motion
And call forth all the infinite diversi¬
ties of being and beauty.
So Is Liberty to mankind.
Liberty Is the source, the mother, the
necessary condition.
She Is to virtue what light Is to color,
To wealth what sunshine Is to grain.
To knowledge what eyes are to sight.
She Is the genius of invention, the
brawn of national strength.
Where Liberty rises, there virtue
grows, wealth increases, knowl¬
edge expands.
And the freer nation rises among her
neighbors—taller and fairer.
Where liberty sinks, there virtue
fades, wealth diminishes, knowl¬
edge is forgotten.
And empires once mighty become a
helpless prey to freer barbarians.
—Henry George.
Apathy of the Church.
The growth of wealth and of lux¬
ury, wicked, wasteful and wanton, as
before God I declare that luxury to
be, has been matched step by step by
a deepening and deadening poverty
which has left many whole neighbor¬
hoods of people practically without
hope and without aspiration. At such
a time for the church of God to sit
still and be content with theories ot
Its duty outlawed by time and long
ago demonstrated to be grotesquely
inadequate to the demands of a living
situation, this is to deserve the scorn
of men and the curse of God.—Bishop
Potter of New York.
Then and Now.
When wheat touched its present
price for the first time a few years
ago, the country was in the dumps;
but now that price makes the country
rejoice!—Farm, Stock an<] Home.
^.
REGULATE THE
STOMACH, LIVER AND BOWELS, »
AND
PURIFY THE BLOOD.
A RELIABLE REMEDY FOR
IndlceeUon. liUtouincM, Headache, Con.tl
potion* l>yapcpMln, Ohronlo Liver Troubled,
IMssIncsa* Bad Complexion* Dysentery*
Offensive Brcat*, au4 nil disorders of the
Stomach* Live.* and Bowels.
tSss
iVo«ia •ate effectual Q»e Immediate relief.
A r« tle wat * jau
THE RIPAN6 CHEMICAL CO.
10 SPRUCE STREET, MEW YORK C1TT.
ANIMALS’ ATTACHMENTS.
Devoted Monkeys Attempt to Recapture One
of Their Number.
Edgar Quintet in his journal tells
how one day he went with the natural¬
ist, M. Geoffroi de St. Hilaire, to the
Jaydin des l’lantes: “In one of the
cages were a lion and a lioness to¬
gether. They were stunduig up, quite
motionless, and seemed not even to
see us. Presently the lion, lifting up
his great paw, placed it slowly and
softly on the forehead of the lioness,
and botli continued in the same atti¬
tude ns long as we remained before
them. What was intended by the ges¬
ture? A painter who should have de¬
sired to represent calm grief and the
deepest compassion could not have in¬
vented anything more striking. “What
does it mean?’ said 1 to Geoffroi. ‘Their
lion whelp died this morning,’ replied
he. Then I understood what I saw
pity, good-will, sympathy—all these
sentiments might be read in those
tierce countenances.”
The following interesting account is
extracted from James Forbes’ “Ori¬
ental Memories:” "One of a shooting
party, under a banyan tree, killed a fe¬
male monkey and carried it to bis tent,
which was soon surrounded by forty
or fifty of the tribe, who made a great
noise, and seemed disposed to attack
their aggressor. They retreated when
lie presented ids fowling-piece, the
dreadful effect of which they had wit¬
nessed and appeared perfectly to un¬
derstand. The head of the troop, how¬
ever, stood his ground, chattering fur
lously. The sportsman, who, perhaps,
felt some little degree of compunction
for having killed one of the family, did
not like to fire at the creature, and
nothing short of firing would suffice to
drive him off. At length he came to
the door of the tent, and finding threats
of no avail, began a lamentable moan¬
ing, and by the most expressive ges¬
ture seemed to beg for the dead body.
It was given to him; he took it sorrow¬
fully in his arms, and bore it away to
his expecting companions. They who
were witnesses of this sc-cue resolved
never again to tire at one of the mon¬
But perhaps the most impressive and
extraordinary case that lias yet come
before us is that of poor Norman's dog
the Isle of Skye. Here it is, as told
a year or two ago in the Inverness
Courier, one of the most reliable pa¬
pers in Scotland:
“A circumstance has just occurred
at Portree, Isle of Skye, which may be
added to the many chapters recording
the fidelity and attachment of dogs to
their masters. A rumor spread
.through the town one morning that on
the previous night the dogs had torn
open the grave of a young man who
died of fever and was interred
Svceks previously. It transpired,
ever, that the case was not so
ing. When tlie young man was
tliis dog followed the funeral to
churchyard, and was with difficulty
moved. It returned again and
to the spot, and, unobserved, had
'into the grave until it reached the
ilin. The dog had gnawed through
coffin when the fact was
but the body of bis dead master
untouched; and there the faithful
mal was found, eagerly looking
'the grave. ‘I doubt,’ says the
spondent, ‘if there be on record a
(striking instance of canine
for you must bear in mind that
or five weeks had elapsed since the
terment, (miles from and the tlie house churchyard where is
poor
man’s father lives.’ ”
Fatalities on the street 'railroads
Chicago have decreased nearly
live per cent since tlie surface
have equipped their cable and
cars with fenders, in accordance
an ordinance. In tlie last two
only three persons were killed on
street railways of Chicago, whereas
tlie same period of 1808 there
eight victims, and the average for
of last year was nine deaths
month. All the surface roads have
as yet fulfilled the requirements of
ordinance, and it is probable that
number of fatal accidents will he
smaller when every car is
with a fender.
Massachusetts ' has ' found its
against spitting in street cars so
fective that it has just extended
prohibition to other public
and places.
Nine-tenths of the finest tea
in China is sold and consumed in
sia. Most of tlie next best grades
9 market in Great Britain.
NO. 8 .
SOUTHERN RAILWAY
Bchedule In Effect June 0, ISOS,
North bonnd. No. Hoi So. So.
St. 15. S3. IS.
tv. Brunswick etea 5 raS TBS c 40p "a up
Ar. Lv. Jesup............. Everett.......... ......U9t......1014p iOlJs 6 40p 8103
“ Surrency......... 1 .. noop
statist Helens....... Bastmaa...... Baxley.............. Mlsrisr....... Empire...... umber B7.1ehur«t......... City...... • ::::: •(, »• !§:::::: 8 209p 1 2Sp Mp ' .. .. .. liasp 1200a 18 i* 818» 20a 1M
......
*” fiawkjnavtfle
Cochran...... Bacon........ TW5 TiOp — 415a
“ “ Flovifia...... 03a * 00p 45p - 8 08i» ■ 8 27a
9 6
(4 eDonongh.. ... 9 42a 6 40p 8 45p 610s
Ar. Atlanta...... ... 104pa 7 #p 8 4Bp 716a
tv. Atlanta...... “ 400p 7 60a
Chattanooga. s lOOp
Ar. Ar. Memph ... BSClp 4(5
U . . ... 7 lOp 7 40a
Ar. Louievilie . . ... rst5 T60p 750p 7£0a
Ar. &t. (SnoinnSirQ. Louip.A Cr®"CTT If Line. 'SlSp ~T5 Hop Tl2a T86a Ol»ij
Ar. YSS 7 Sop
Lv. Atlanta..... ... 4 ISp TSS
Ar. Memphis........ Birmingham.... 10«»p .. 11 45a
11 7 40a 9 308
..
* Kanes* City.,, 6 851
LV. Atlanta \ 7 , n Is
Ar, Asheville .....
Ar/'Waflhfbpon. “ New York...... ... 124iip
... .
Southbound- Nil. So. So.
lo le: 8. id.
Lv. New York.... 4 %> 48i>U 12 16a...... ......
Lv. " Wnshlngtoa,. Asheville 10 15a.......
T55p 908p 1
A r. Atlanta...... TlOa
Lv. Kansas City 9 e<»£...... 30p “ 10 tea
“ Memphis... 6 80a
Ar. “ Birimaj Atlanta am....... ........11 6 09a .. .. 10 415p
30a ..... ..... 45p
Lv. Cincinnati, Q. & C 8 00p 8IPa _8_30a _8 00j
Lg. St. Louis, Air Line TK5L 0 iSp 9 16p 7 52s
Lv. “_Louisville. Memphis. mu 7 40a 7 40a 7 45p
Lv. . 9 15a 0 15a 8'.10p
Atlanta...... Chattanooga lOOOp 5 O.ia KlOOu 5 8 li-il
Ar. 00a 8 05p
Lv. Atlanta 4 2Qp 5 20a 8 10a 823p
“ McDonough 5 2(tp (110a 916a 920.1
■■ Flovllla OCOp 0 58a 0 65a 9 55p
Lv. Ar. Macon.. 7 lOp 8 20a 10 65a 10 65p
Cochran 10 03a ...... 12 30a
A r. Hawltlnaville...... ..10 43a............
"** Umpire............ 10 20a.....7 12 44a
Eastman........... .....
r 10 90a 115s
Missier............. .....
: 11 17a 147 a
Helena,.. .....
s 1130a !fi
Lumber ......... . .. ::::::
s City...... 12 85p
.....
a HazJehurst........ 12 55p 8 00a
Baxley............. .....
a 1 Sip 3 34a
Surrency........... .....
: 192p 8 55a
Jesup.............. .....
t v. r. Everett............ 710a ..... 3 23Sp...... 30p Gfifip 4 6 40a 80a
Ar. Brunswick......... 810a 4B0p 7 60ft 0 60a
Nos. 13 and 14.—Pullman Sleeping Oars be
tween Brunswick and Atlanta, and between _______
Jacksonville, ret*. Fla., and Chattanooga, via Eve<
Nos. 0 and 10.—Pullman Sleeping Cara bw
tween Atlanta and Cincinnati, via Chatttv
nooga; also between Chattanooga and Mem¬
phis. Nos. 7 and 8—Pullman
tween Atlanta and Chattanooga Sleeping and Cars Chatta be¬
nooga and Memphis.
Nos. 7 and 16—Pullman Drawing Room Bub
fet Sleeping Cars between MaoOn and Ashe¬
ville.
Nos. 9 and 10—Observation Chair Cars be¬
tween Macon and Atlanta.
Connection at Union Depot, Atlanta, tor all
points FRANK north, S. east and west.
Third V-P, GANNON, ,T. M. CULP,
Washington, & Gen. D. C. Mgr., Traffic Washington,11. Manager, 01
W. A. TURK, S. H. HARDWICK,
Gen’l Pass. Apt. Asst. Gen’l Pass. Agt>
Washingtgr-, R Q. ________Atlanta. lift.
4? GEORGIA OF
RYCO.
Excursion tickets at reduced rates
between local points are on sale after
12 noon Saturdays, and until 6 p. m.
Sundays, good returning until Monday
noon following date ot sale.
Persons contemplating either a busi¬
ness or pleasure trip to the East should
investigate and consider the advantages
offered via Savannah and Steamer lines.
The rates generally are considerably
cheaper by this route, and, lu addition
to this, passengers save sleeping car
fare,and the expense of meals en route.
>Vc take pleasure in commending to
the traveling public the route referred
to, namely, via Central of Georgia
Railway to Savannah, thence via the
elegant Steamers of the Ocean Steam¬
ship Company to New York and Boston,
and the Merchants and Miners line
to Baltimore.
The comfort of the traveling pnblio
is looked after in a manner that defies
criticism.
Electric lights and electric bells;
handsomely furnished staterooms,
modern sanitary arrangements. The
tables are supplied with all the delica¬
cies of the Eastern and Southern mar¬
kets. All the luxury and comforts of
a modern hotel while on board ship,
affording every opportunity for rest,
recreation or pleasure.
Each steamer has a stewardess to
look especially after ladies and chil¬
dren traveling alone.
Steamers sail from Savannah for
New York daily except Thursdays and
Sundays, and for Boston twice a week.
For information as to rates and sail¬
ing dates of steamers and for berth
reservations, apply to nearest ticket
agent of this company, or to
J. C. HAILE, Gen. Passenger Agt.,
E. H. HINTON, Traffic Manager,
Savaunali, Ga.
mi
WE ARE READY TO ENTER YOUR
NAME ON OUR SUBSCRIPTION
BOOKS. YOU WILL NOT MISS THE
SMALL SUM NECESSARY TO BEOOMR
OUR CUSTOMER.