The Birmingham age-herald., 1907-12-18
OPTIMISTIC VIEW
 OF TIE SITUATION Montgomery Clearing House Clerk Discusses the Outlook PARDON CASES ARE HEARD The Board Passes on 17 Cases and Adjourns Until After the Holidays.
 Pension Warrants Are
 Being Prepared.
PARDON CASES ARE HEARD

I f-- la4)--C. c. zirkle, one of tn e, clerks of tho local clearing house takes an onti- mistic view of the financial outlook. He aiso says that there is much more money in circulation than many think. Asked when he thought the city would get back on cash basis he replied: | mat in my private judgment, will be as New York says. Of course do not know what our bankers think bout that but it seems to me from the money paid over the counter in the business of our firm that there is a quiet process of retirement going on now. Ihe proportion of scrip to fed eral currency We receive now is really small; and I think that other business men will say the same thing. I have no idea that there is more than s25 ooo In scrip now in circulation in the city. don't think that the banks would feel warranted in formally setting A day Tor the retirement of this medium untll New York authorized it, even though 1t had been practically retired. 1t might be considered safe policy 10 hold to it as precaution against an exigency."
 But, said he, "the scrip is as good as gold. With s2 of securities locked In the vaults to $1 of the issue no one need fear It's impairment of value.'' Court Is Good.
 The supreme court has held that the act authorizing the holding of the circuit court of Coosa county at Good water is good It had been attacked on the ground of unconstitutionalit many weaknesses being alleged. This court was established by the recent sessions of the legislature and other parts of the county were opposed to it. | It has also been held that a stipu- lated contract in an insurance policy cannot be violated even by an agent of | the county. The Prudential company | was sued by J. T. Powell of Wilcox | county. It was shown that inc nolicv was written to be delivered when the man on whose life it was written was well. While he was yet ill-from which he died-the agent delivered the policy. His heirs then brought suit The court holds that the agent had no right to deliver the policy in the face of con tract of a different import.
 A petition of Sarah Barnett, who is under conviction of murder denying the legality of the Lee county court was dismissed, the papers not being in proper form
 Pardon Cases Heard. The pardon board. at it's regular | Tuesday meeting. passed on IT cases. | after examining 2S. There will not be another meeting of the board this year. l It is understood that w. T. Sheets, sent up for eight years for killing his own son, will be pardoned Sheets | Killed the boy because he was trying to get into the house with gun and he feared he would kill his mother and | other members of the family.
 Pension Warrants. Auditor Brandon and his force are | getting out the warrants for old sold | fer pensions for the first qua rter of Of 1908. There will be a little over $225,000 distributed in this way just after New Year. A new law puts all pensioners over so on the first-class 1 list. This will increase the number getting the largest amounts. The war rants for every county will be in the hands of the officers by the first day of the new year.
 Hobson Is Willing. | Congressman Hobson, who is trying to get bill through to have the gov ernment pension old Confederates is ready to fall in with the idea that | they be given the cotton tax money in stead of money direct. He writes T. J. 1 Hall of this city that he Is ready to pull along that line.
 New Corporations. | The following corporations were to- day filed in the office of Secretary of States Frank Julian,
 Hodges Home Mixture Guano com pany of Opelika; capital stock, S25. 900; purposes of interpretations general guano and fertilizer manufacture; in- corporators. A. F. and G. N. Hodges Arthur. F. c. and H., Bussey. o. C. Bullock, T. W. Bates. Hodges Bros. and Home Mixture and Guano company. Fairfield Gin and Milling company of Cochrane, Pickens county. capital stock. s6o00 ncorporators, J. B. Sum merville. T. II. c. Cook and ". D. Windham. Jr.
 Notice of the purpose of the Davis Hosiery mills of Chattanooga, Tenn, , to do business in this state, at Fort Payne. was also received in the sec retary's office. The capital stock of the company Is stated at S100. 900. C. M T. Sawyer is authorized as the com pany's agent, and- the purpose of the company, as stated, is to do general cotton, wooden, silk and paper business.