The Birmingham age-herald., 1908-03-09
SOUTH'S AVAILABLE MEN FOR PRESIDENT President Wilson of Princeton Said to Be the Strongest CARNEGIE'S GIF FTS FOR YEAR Gave Libraries and Colleges More Than $1,ooo, ,ooo--How Germany Regulates
 Stock ambIine-Mince
 Pie and Crime.
cARNEGIE'S GIFT IS FOR YEAR
BY sEWELL HAGoARD.

it finished it's task having printed the views and records of each of these men:
 Governor Johnson of Minnesota; Presi- dent Woodrow Wilson of Princeton Uni- versity; Judge Gray of Delaware; former Governor Douglas of Massachusetts; Sen ator Culberson of Texas; Governor Folk of Missouri; Senator Bacon of Georgia; Chief Judge Cullen of New York; John Sharp Williams of Mississippi; Judson Harmon of Ohio; Chief Justice Fuller Justice Peckham and Justice White of the United States supreme court; Sena- tor Daniel of Virginia; Mayor Tom L. Johnson of Cleveland and Governor Hoke Smith of Georgia.
 The list contains the names of several southern men, but none among them perhaps, comes as near commanding the universal respect of the country at large as President Woodrow Wilson of Prince ton university. President Wilson is na- tive of Virginia and for several years practiced law in Georgia. Besides being able to carry the southern states, his friends say in support of his political availability that he would certainly car ry New Jersey, something that scarcely any other democratic candidate could hope 1 to do.
 New Jersey went republican last time by a very narrow margin and with a democratic presidential candidate in the field the state undoubtedly would swing to the democratic column. In addition to this, President Wilson would have splendid chance of carrying New York and Connecticut. Of some of the other southern candidates named by the World, Harpers Weekly says:
 1 "Gov. Hoke Smith of Georgia is a leader of the radical rather than of the con servative section of the democratic party. Touching his availability, 1t at least can be said for him that he can carry his own state, for he has just been chosen governor in the teeth of formid- able opposition within the ranks of his own party. We have now named four radicals with every one of whom the country would feel safer than it would with MT. Bryan
 room for any objection to Senator Gull person of Texas, who is the present | leader of the democratic minority in the | Senate; or to John Sharp Williams or | Mississippi, who has long been the leao- CT of the democratic minority In the House of Representatives., ana who iaoeiy has been chosen a spokesman of his state l in the upper chamber; or to senator | Daniel of Virginia and Senator Bacon or | Georgia both of whom have long peeh recognized as among the ablest depaters and constitutional lawyers in congress. l Any or the lOuI Wodio iAA~N~ - admirable President; but not one or them is available, because he could not 1 be counted on to carry any or tue | doubtful northern states.
 Tn the discussion of ways to stop stock rambling Gerhaany's regulation or the l traffic has been referred to frequehliy' 1 The government has direct supervision | over the 15 houses in that country All | stocxa and bonds before being admitted to the bourse must be examined py government committee. A prospeclus l must be presented. For any falslty oi | statement the promoters or sponsors are l or,ninallv liable. Applications for ad- ,nission are published. Stocks of new cor | ,,ora lions are admitted only after pal anca sheet has been published at the | avniration of one year. Imperial ana l atste loans are exempt from these pio visions and admitted at once on tneir is 1 sue For any false sta'eiheh' i' | ists for five years. +ho | No transa ction may take place on the ,,,,.sa axoent in bonds or stocks thdl have been regularly admitted. Ana siiSe | all transactions are resIlcteo 'o , bourse the whole scope of German Oy. slooh speculation Is brought
 mental control. y-..;r+,,,
 provision is made for bourse registry ;n which the brokers shall enroll ana nay a small annual fee TOT the piNi lege. There is no purchase ana saie VI seats as on the New York ntoch DA change and the privilege or traolns o'' the bourse which must De rene"oo aii nuallv has no salable value
 Tf any one who has not registered spec- u1otes tho party with whom he specu- lates takes the risk. of repudlatlon, DO | cause no stock speculations except p1 tween registered brokers are eiilot t o0ruse nree at law. The German policy was to pre 1 vent merchants business men ana others fro,,o snec,llating by requiring them to register as stock dealers or 10 fnahe .no,. ., l transact ctions unenforceable. mus d seoon broker having a claim on account ol bourse transaction aeainse uoot ahs nothine had not registered could collect i~lo.nins nouns hv srit in court No legal obligations arise and all secret agreement depts are ! void except in the case or lests parties This Is somewhat simiar eo as . New York law against gampnns te',s. keepers Neither may registered plohe,. t,,a., h,v and sell for themselves except they announce the fact - stool,
 Anv private investor may buy stock of A registered broker, pay TOT Ie .i. an.. take it away. But if the proker iess s,,a.s ir,,, deal margin 1t IS at ehe
 risk. 4,.s ,,o,arn;ne oon,mittee through official "quotation brokers" who must not have any o.nel business It is the duty ol ehoso -. ] to nravent price fluctuations py meaus ] of wash sales or balance sales or othei devices to prevent a faithful statemeh. 1 of market values. The prices as nxeo bv the committee through the quotatoh bro,sers are official prices Every quota, tion broker must keep daily Jouii,al l of all his transactions, which IS 10 De insnected by the governing committee.
 Tor any broker to give false advice is a crime. The stock ticker IS pronlpited. No prices are given out except such as tha governing committee announce, ana the publication of prices. quotations ana sales is controlled by them Thls IS d blow at what in the United states are known as the market letters Of brokers and their solicitations to customers
 There were manufactured in this coun- try last year 43.702 pleasure gasoline au- tomobiles, the aggregate value of which was S96. .169, ,572 During this same period there were 5000 steam and electric pleas ure vehicles built and sold in this country with total value of $7,5O0,000, this giv- ing a total of 52,302 pleasure automobiles sold in the past 12 months with total value of s105609,572.
 The percentage of increase each year has been consistent, according to statis- tics gathered in 1904, which show the value of the total output, s26645,O64 as against $1O5 669, ,572 for the present year. Based upon accurate knowledge of the number of employees and the production of