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PAGE TWELVE
THE ATLANTA DAILIES.
(Continued from Page Nine.)
bilities, but Seely has shown us that they are
not. No broken eggs appear, and yet the
Georgian serves up omelettes.
What the Georgian knows or believes on
the vital issues affecting the Government and
the people, is a profound secret locked within
the peaceable breast of the office cat. Great
economic questions, great industrial problems,
great financial puzzles, may present them
selves, and may ask the Georgian which road
to take; but the Georgian’s reply is the elo
quent silence of the Sphinx.
At present, our Georgian is virtually say
ing to the heated Constitution and the angry
Journal, ‘*Keep cool, Brethren, keep cool!”
With a tract in one hand and the olive branch
in the other, Seely is bent on peace at any
price, and repeats the bland, soothing admon
ition, »
“Keep cool, Brethren—keep cool.”
If the Jeffersonian’s memory is to be relied
on, the Georgian itself kept mighty cool dur
ing the campaign last year, when the issue
was, “Shall the State of Georgia enjoy Home
Rule or shall it continue to be one of the prov
inces which Wall Street Republicans pillage
through the machinery of the Democratic
Party?”
But the Jeffersonian cannot help admiring
the skill with which the Georgian keeps its
careful feet off the eggs.
* M *
Felonious Banking.
Most lawyers would tell' you that the rela
tion between Banker and Depositor is that of
Debtor and Creditor. But really the Deposit
is a Trust Fund which must not be used for
any other purpose than that contemplated
when the deposit is made.
It is understood, of course, that the bank
may use a certain percentage of deposits in
making legitimate loans. But the implied
conditions of the contract are that the bank
shall be ready at all times to return the mon
ey to the depositor, when he needs it.
The bank which cannot do this, is “a busted
bank,” and must go into liquidation.
If the failure is an honest failure, no crime
has been committed.
The Trustee who loses the estate is not
criminally responsible for trust funds lost
through providential cause, or lost from any
cause in which no moral turpitude is involved.
But suppose a Trustee, in possession ot
trust funds, refuses to surrender them when
legal demand is made, and when in law he
should surrender possession. Suppose the
Trustee converts the funds to his own use, or
permits some one else to do it—he is then
guilty of Larceny after Trust.
Now the position of the Jeffersonian is this:
A banker who does not go into liquidation,
AN OLD POP’S SPEECH.
Tn 1904 a substantial farmer of
Indiana printed and distributed 5.000
copies of a little speech which is so
full of good, plain common sense and
valuable truth, that The Jeffersonian
republishes it for the benefit of its
readers.
Mr. A. W. Ross, the author, handed
out the 5,000 copies himself. Indi
ana paid no heed to the speech then.
Read in the light of present events,
new bond issue, nasty little clearing
house certificates, law-defying bank
practices, and universal fear which
soon gave birth to universal panic.
The people of Indiana, and of every
other State, may pay rather more at
tention to what we have been trying
to tell them than they have heretofore
been willing to do,
but who continues to do business, receiving de
posits, making discounts, etc., and who refuses
to pay the Depositor his money, on demand', is
a criminal.
He has converted the money of the depositor
to some other use than that contemplated by
the implied contract.
His refusal to honor the check of the depos
itor, while still running his bank, as a solvent
bank, IS A CONVERSION, which amounts
to Larceny after Trust.
M «
Honor 'Roll.
J. Sam Chapman, Crawfordville, Ga.
J. R. Pounds, Ocoee, Fla.
Jesse Beall, Buchanan, Ga.
A. H. Riley, Carsonville, Ga.
A. M. Ballew, Hale, Mo.
Miss Susie M. Yarborough, Spring Vale, Ga.
R. M. Harrison, Lockesburg, Ark.
W. P. White, Meigs, Ga.
J. S. Mason, Milford, Ga.
(To Be Continued.)
* «
Editorial Notes.
Sy J. D. Watson.
Now that there is little chance of the New
York Republicans endorsing Secretary Taft’s
candidacy, those who favor a third term for
President Roosevelt are beginning to get
busy.
As unsettled as things are at this time, there
is no telling what changes may take place in
a few’ weeks.
The President’s message to a new Congress
will soon be known and upon the contents of
that message and the actions of Congress
much will depend.
The Republicans may enact reform laws that
the people are now demanding, thus knocking
the props from under the Democrats; but if
they fail to do so, the Democratic party can
win in 1908, unless the party is controlled by
the Eastern conservatives who ought to be in
the Republican party where they belong.
* t
Another coal famine is threatened >in the
Northwest, which means that the price of coal
will be increased.
Within one week Pittsburg concerns alone,
have turned down orders for more than 500,000
tons, in spite of the fact that premiums were
offered for prompt delivery.
It is the usual lack of railroad facilities that
is the cause, and, as the season when shipping
can be done, by water byway of the Great
Lakes is about ended, the people of the North
west are at the mercy of the railroads to keep
from freezing to death.
To the people of the West and Northwest
the railroads say we can not move your gram
or deliver your coal to prevent your freezing
Quitman, Ga., Nov. 19, 1907.
At a regular meeting of our county
Union, we, the members, resolved that
we recommend to our national execu
tive committee that our constitution
be amended so as to admit old sol
diers as honorary members of the
Farmers’ Educational and Co-Oper
ative Union of America, and to have
these published in the Jeffersonian
and Union News.
WILLEY LEWIS, Chairman;
J. H. WILLAFORD,
E. F. PURVIS,
A. J. JOHNSON,
G. B. Oliff. Committee.
FOR SALE
Fine registered Bull, three years
old. Also some heifer yearlings and
salves. J. G. B. ERWIN, SR.,
Fairmount, Ga.
WATSON’S WEEKLY JEFFERSONIAN.
Watson’s
Jeffersonian Magazine
Edited by TH OS. E. WATSON
Published Monthly. Price
$1.50 Per Year.
Thia h a high-class monthly, beau
tifully illustrated and printed, car
rying Mr. Watson’B “The Lite and
Times of Andrew Jackson.” It la
filled with the most excellent literary
and historical contributions.
The press of the nation pronounces
it "one of the best” of the monthlies.
You should read it Address
JEFERSONIAN, Thomson, Ga.
One should never trust a woman
who tells one her real age. A woman
who would tell that would tell, any-'
thing.
because of the heavy demands by the South
for cotton movings. To the people of the
South they say, we can not move your cotton
because of the heavy demands of the .West for
grain movings. So it goes.
But before the people are made to suffer
as they did during the last coal famine, let’s
persuade Mr. Roosevelt to run a few trains
guarded by United States troops.
R
What is the use of kicking up so much
racket because the words “In God We Trust”
have been omitted on the new “Gold Eagle”?
To those who take this omission seriously,
President Roosevelt’s explanation ought ,to
be satisfying.
But the average person cares nothing about
what is on the coin so long as it has the:
government’s stamp. He wants it for what it
will buy for him and nothing else.
Hundreds of thousands do not know that the
omitted words were ever on a coin.
Give them the coin, with or without the
words, and they are satisfied.
It is the coin they want and need.
It is reported that President Roosevelt will
recommend to Congress a law establishing
Postal Savings Banks. If Congress puts this
recommendation into law we will have banks
in which the depositor can deposit his money
and get his money back when he wants it in
stead of a shabby slip of paper that may be
worthless.
*
The New Jersey Supreme Court has sus
tained the Jersey City “no seat, no fare” ordi
nance. •
This means that when a passenger pays his
fare to ride on a car he is entitled to a seat,
and if he can not be furnished a seat the road
has no right to collect a fare from the pas
senger.
Following closely the New Jersey decision,
the Georgia Court of Appeals has handed down
a somewhat similar decision, but not so broad
as that rendered by the Jersey Court.
When a railway company takes a fare, it
contracts to furnish the person who pays the
fare a seat and the contract should be ful
filled or a part of the passenger’s money re
funded for he is not getting what he has paid
for. •
n
Suit against 69 railroads and shipping com
panies is to be brought at Cleveland, Ohio,
and it will affect most of the railroads and
shipping companies in the eastern part of the
country. It is claimed that this suit will
prove a collusion in violation of the Sherman
law that will involve many roads. The Sher
man law is so deficient that it is not likely the
railroads will suffer to any great extent.
REAL ESTATE
Frank C. Davis Company, 825 Empire
Building, Atlanta, Ga.
We sell farms all over Georgia. If
you are in the market, it will be to
your interest to see us. Our long ex
perience in the business, puts us in
touch with a great many people in
search of homes. If you have a place
for sale, we can find a buyer, If the
price is reasonable.
6 miles from good railroad town,
fine neighborhood, 170 acres good land,
good Improvements, 60 acres bottoms,
don’t overflow. Now rented for >450;
S2O per acre.
1-2 mile from Decatur, Ga., on one
of the best streets, 9-room house and
10 acres of fine land, front beautifully
shaded with large oaks, good out build
ings, fruit, garden and pasture; $6,000
will buy this and It is a great bargain.
If you want it see us at once.
"We sell farms.” Let us know your
wants.