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7| d < JEFFERSONIAN *—/ ' b|K’ ' EDITED BY f THOS. Et WATSON • Y Vol. 11. No. 40. ■ 1 JSi i I, a pl M pOOStVEL7 . LX. nffOMWl mrH i-I. nll r nAfflvs?’ 11l »/ 7 w|kß* I ■"^., A »wWwWil;r I/ < ' V'xV "'WPr / "//^ — W H i The Atlanta Conatitutioa. He Got What He Went After. SOUTHERN BANKS ARE NOT TOUCHED. The Constitution presents below a series of dispatches from Southern cities which indicate that this section has been in no wise affected by the financial stress through which New York has been passing. The unanimity with which South ern bankers state that Wall street’s troubles have had on effect on the South is cheering, for it indicates that this section, as has the West, has become independent of Wall street and that Southern prosperity which is buttressed on cotton and tbs products of the mines and ths Atlanta, Ga., Thursday, October 31, 1907. factories, is of too stable a nature to be compromised by a speculative panic on the stock exchange. No Nervousness in Columbia. Columbia, S. C., October 27. While conditions in New York dur ing last week are greatly deplored and are considered without justifica tion, bankers in Columbia have not been even nervous and are per fectly confident that the mental ab erration which was manifested in financial circles in the great money center has already passed and that the coming week will witness a res toration of confidence in the New York banking situation. The financial position of the South in unusually strong. There is absolute confidence of continued prosperity this fall and winter. South Carolina farmers have made good crops this year, and there is every reason, for confidence in the future. Columbia bankers all regard the situation as bright and believe that the approaching week will witness a clearing of affairs in New York. Charleston Not Affected. Charleston, S. C., October 27. The fairly satisfactory conditions at Saturday’s closing scenes in Wall street were viewed with eatisfaction Price Five Cents. here, and local bankers expect a re turn to the normal in a very short time, although Monday, all think, will be a very busy day in financial circles everywhere. The quiet, even tenor of affairs in the South has not been disturbed, and local bankers predict a “purging of interests which are inimical to true banking, and, as a sequence, the country’s fi nancial condition safer and saner than before.” That the prosperous condition in the South will not be se riously affected by the “rich man’s panic. ’ ’ Jacksonville, Fla., October 27. Jacksonville banks have not been af fected by the financial flurry, and there has been no excitement or loss of confidence here. Outlook Good in Louisiana New Orleans, October 27. —New Orleans bankers begin this week - with an outlook for better conditions *< than for some time past. Aside fropa' the fact that they regard the York situation as better, a big sugar crop is just starting to move. As r this was financed months ago, its « movement means the return of cash to the banks. Similarly, but in less degree, the rice crop, which is excel lent this year, is expected to im prove. conditions. Rice i is already moving to the market.- Lake Charles, Ll, October 27. Local bankers' declare there is no troubX . 'this Section, nor is there likely to be. There is the utmost confidence that money conditions will remain normal. Baton Rouge, La., October 27. — With very little money from this section invested in interests outside of sugar, rice and cotton, and with the first two mentioned of those crops making a splendid harvest, the financial/situation here is regarded as secure. Conditions Good in Mobile. Mobile, Ala., October 27.—Mobile’s bankers are confident that recent Wall street disturbances will have no effect upon the local conditions. Ex cept for tjta usual demand for ready money to Wre for steady cotton ship ments and to handle the crop, local financial conditions have shown no general change from ordinary at this time of the year. One of the lead ing bankers summed up the situation, as viewed by Mobile, by saying the Wall street conditions are due mere ly to a rich men’s fight, and that the atmosphere there appears to have been decidedly clarified, thereby pre venting the probability of unhealthy effect upon local institutions. Montgomery Bankers Optimistic. Montgomery, Ala., October 27. The bankers of Montgomery appear very optimistic over the present fi nancial situation, and so far as the local banks are concerned, they were never in a more solid or prosperous (Coitinuad on Page Three,) .