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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.