davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
Quality of Cotton Is
LOWest IL, Many Years
Most of the Damage From Recent Bad Weather
Is to the Grade

MEMPHIS, Nov 1.--Dffficulty in
arriving at definite conclusions as
to the size Of the crop has supplied
cotton traders with divergent ideas
Of proper prices during the past few
days. The bad weather which fol-
lowed the frost in nearly all sections
during the first half Of last week had
tendency to complicate the situa-
ton. Most of the damage was to the
quality of the staple. though there Is
no getting around the fact that the
number of bales was reduced consld-
erably.
The average grade Of the crop is
perhaps the lowest in a number Of
years, which means the returns to the
producer win be less than II the fall
had been normal. Further, there are
claims that a considerable portion Of
the crop in some sections has been
so badly injured that 1t will be At
only for funk, not being good enough
to spin. This will reduce the amount
from which the consumers will get
their supplies, and lack of definite IN
formation along this line has con-
tributed to the price fluctuations
The rains following the cold spell
prevented picking over q large part
of the belt practically all of last week
and part of this, thus adding to the
damage, as the fields were generally
white and many had not been
touched. In the Delta section Of this
territory practically no picking has
been done for two weeks. The move
ment already has shown some effects
Of this
There have been a number Of crop
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
Big Variety Shown
In Yelling Trade
Lace Effect and Beauty Spot Meshes
Popuiar-Self-Colo Grounds
Moving Well.

Atlanta dealers report that lace
veilings and beauty spot meshes are
generally regarded as the strongest
items In the yelling field this season.
Black wells are particularly active, all
though purple, taupe and copenhagen
on black and self-colored grounds are
moving well. Brown is also in de-
mand.
The demand for lace wells is prin-
cipally for black, with some call for
brown, navy, purple and taupe. More
Colored meshes have been sold this
fall than for several seasons, and al
increased demand for purple varieties
is now noted. Such staples as browns
and black are also active,
A demand has suddenly sprung up
for vine figures on craquells mesh.
black, white, brown, navy, flesh and
taupe being the most active shades.
Small plain heXagon and octagon
meshes, with Shetland finish, con-
tinue to hold their places among sta
pie stocks. Frame wells are on rha
wans.
The demand did not last more than
two months, although they were espe-
cially active during the early part Of
the season. There is a steady call for
automobile wells. and in these goods
the tendency now is rather toward
woven borders, instead of the home
stitched. so they can be used either
as scarfs or wells.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
Coal Operators in
South Encouraged
Demand and Price Good While Cot.
ton Crop Is Expected to Help
Georgia Collections.

KNOXVILLE, Nov. Operators
in the Kentucky Tennessee coal fields
are wearing a broad smile, for the
recent cool weather has speeded up
the activity Of an already active de-
mand for domestic coal, while steam
coal continues to improve. AS steam
coal from this field has been less ac-
tive than in any other field, with
price correspondence lower, a decided
improvement in both demand and
price is expected within the next 80
days. Both are beginning to mate
rialize.
! The October output was readily dis
posed OF at satisfactory prices, and
the November output is being as
quickly placed with a decided adj
vance in price. II the weather man
serves out normal weather during
the next 60 days domestic prices may
border on the fancy line before the
season is over. AS retail dealers US
ually buy enough coal during the
summer to run them about the mid
die OF November, prices after that
time depend almost wholly upon the
weather
The car supply is a matter of con-
siderable interest to operators and to
buyers. Mines on the Southern Rail-
way report that they are getting only
a so per cent supply of cars at the
present time, just the beginning of
their season. while L. & n operators
report a decidedly better supply, but
about 20 per cent shortage. AS prac-
tically all Of the product OF the mines
on the Southern Railway moves into
Georgia and other Southern States,
the car supply situation affects the
market especially
A recent canvass OF 80 representa-
tive retailers of the South showed
that retailers consider prospects for
the coming season very good AS the
cotton crop of Georgia is proving
such a boon to that State, 1t will un-
doubtedly make business good for
coal retailers, especially helping COL
lections.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
LAYS WASTE To
HANDICAPS Of
SHERMAN LAW
Or. VanHise Tells Mining Con-
gress Antitrust Statute Is
Foe OF Conservation.

PHILADELPHIA, Nov. AT the
American Mining Congress Or.
Charles r, VanHise. president of the
University of Wisconsin, arraigned
the Sherman anti trust law as the
one agency more responsible than any
other for appalling waste in mining
and the obstruction OF the natural
resources of the country.
DR.. VanHise said
The wastefulness OF the competi-
tive system may be proved with re-
gard to every product which Is taken
from the earth. But the most disas-
trous losses in mining as far as the
future of the human race Is con-
cerned are in connection with coal
Under the Sherman act there is
no opportunity to limit output, di-
vide territory, or regulate prices. Five
thousand bituminous operators could
produce zoo, 100000 tons of coal per
annum beyond present demands. I'm
der the competitive system we are
recklessly skimming the cream of the
natural resources of a virgin CONT
nent with no regard for the rights
Of our children and our children's
children"
An attack on Federal control over
coal lands and water rights was made
by Senator John F. Sharroth. of Col
orado, in an address before the con-
vention His remarks were directed
particularly against Government
ownership Of 9,425, 600 acres Of coal
lands IN Colorado, valued, he said, at
$500, 900, 900 to $1,000, 100000. He
urged the sale Of these lands to citi-
zens or to corporations.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
New York Puts O. K.
On Louisiana Bonds
Famous BABY" Issue Held No Bar
to Savings Banks Purchase of
New Securities.

ALBANY, Nov. 1.-Louislana State
bonds which it is proposed to issue
will be legal investments for trustees
Of savings banks in New York State,
Attorney General Thomas Carmody
holds in an opinion given by him to-
day to Superintendent George c.
VanTuyl, Jr., of the State Banking
Department. This opinion reverses
propositions embodied in opinions
given August II, 1909, and July 8,
1919
An application for a reconsideration
OF the question was made by Gov
ernor l.. Il. Hall Of Louisiana and f.
II. Farrar, former president of the
American Bar Association, the latter
acting as counsel for the Governor
in person before Mr.. Carmody.
THE facts" said Mr.. Carmody,
differ materially from the informa-
ton before this department when the
earlier opinion was written. 1t was
assumed in that opinion that the
Baby bonds of the State of Louis
lana were legal obligations of the
State upon which the State had de-
faulted
1T now appears that those Baby
bonds were not bonds of the State for
the payment Of which the credit OF
the State was pledged, but We're is
sued against certain revenues Of the
State, namely, unpaid taxes, and were
payable out Of these revenues only"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02

estimates, most Of them running be-
low $4,000, 900 bales, but the conser-
vative portion of the trade is wary
about accepting them as yet. 1t IS
realized by everybody, however, that
chances are good for the total yield
to be below that amount, depending
to some extent on the weather during
the period of saving the portion yet
unpicked. Talk of above 14,50O.000
bales is generally derided.
Spinners continue buying conserva-
lively. The prospect for trade IS
either not so good as has been
thought, or the mill people have not
come to the conclusion that the crop
will be as small as Is believed in the
belt.
Business in the actual has been
moderate during the week, with prices
disposed to sag just little in SYM
pathy with the reactionary trend Of
futures. There has been little dispo-
sition on the part of producers to
hold, yet concessions have been
granted with some degree Of hesita-
ton Some of the local buyers have
said during the past few days that
the eastern belt had been more will
ing to sell at a lower level than those
in other sections, due to the larger
yield in the east.
Passing of the worst stage Of
weather damage complaints and the
fact that the bull news had been
largely discounted has given bears q
chance for some aggressive efforts,
and they have made some use of It.
Sentiment, however, continues to be
favorable to prices being sustained
well above the 13-cent level.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
WILSON DROPS
FIGHT AGAINST
U.S.SH|P REBATE
Adjournment Of Ways and Means
Committee Indication Of Victory
for Leader Underwood.

WASHINGTON, Nov. President
Wilson will not ask Congress to re-
peal the per cent tariff differentia!
in favor OF American ships.
Leader Underwood has adjourned
Indefinitely the Ways and Means
Committee. This committee has
charge OF any changes in the tariff
law, and its adjournment by Mr.. I'm
derwood, the chairman, indicates that
no changes are to be made in the
tariff law or in any revenue measures
now on the statute books
Underwood wrote into the tariff law
the per cent differential to aid in
the upbullding of the American mer-
chant marine.
Committee Behind Underwood.
The Ways and Means Committee
has been held by him for some weeks
so that 1t could take up such changes
IN the administrative features of the
new law as should be found neces-
sary.
Underwood is opposed to a repeal
Of the per cent defferential. His
committee IS behind him to man.
The State Department officials I'M
der President Taft decided that such
a discrimination would not violate
any existing commercial treaty. I'm
derwood had the help Of this special
State Department commission in
drafting the section OF the law
Secretary McAdoo, of the Treasury
who suspended the operation of the
discriminating duty, is now working
out plan for enforcement of the
law. Mr.. Underwood says he can
see no reason why such a provision
in the law can not be enforced.
Can Make New Treaties.
Attorney General McReynolds, to
whom this s per cent provision of
the tariff law has been referred by
Secretary of the Treasury McAdoo,
will hold that 1t conflicts with some
OF the commercial foreign treaties,
but Underwood will Insist that the
law be applied.
New treaties may be made neces-
sary, but they can be negotiated by
the State Department, in the opinion
OF House leaders without special
act of Congress. and without change
in the tariff law.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
S2,2OO,000 Dividends
Lost to Stockholders
lola Cement President Affirms
Equitable Trusts Charges of
Irregular Acts.

ST. LOUIS, Nov. George E.
Nicholson. OF Kansas City, president
Of the Io!a Portland Cement Company
Of West Virginia and Kansas, testi-
fed to-day in the Federal District
Court here that the two large divi-
bends which officials OF the Equi-
table Trust Company. OF New York.
assert we're concealed, were not paid
to the stockholders.
The dividends we're declared in
1908, he said, to reduce interest
charges on outstanding loans. One of
these dividends, at % per cent,
amounted to 100000, he said. and the
other amounted to s1.500,000.
Nicholson was testlfying to the suit
Of the Equitable Trust Company
against the Natiorel Bank OF Com
MERGE for s150,OOO alleged to be due
on a loan of s250,O00 made by the
Bowling Green Trust Company (since
then absorbed by the Equitable) to
the cement company.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
Banker Urges Export
Tax to Keep Gold Here
J. e. Gsrdin Says President Should
Have Power to Stop Recur-
rent Foreign Raids.

NEW YORK, Nov. Ito protect
Americas stock OF gold against for
eign banking raids. an export tax
should be leviable by the President.
This was advocated by Vice Presi
dent John f. Gardin, OF the National
city Bank, before the Academy Of
Political Science.
He said: The United States is the
only absolutely free market for gold in
the world and we have TO suffer for
our liberality.
II conditions are normal and ex-
changes are against us. It would
neither be wise nor good business
policy to place any restrictions upon
tho export OF gold at all.
IF the demand. however, is arhi-
trary, such as recently took place in
connection with gold shipments to
Paris, the President of the United
States should be empowered to place
an export duty on all gold exports.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
Harriman's Son in
|. G. R. R. Directorate
Board In Line With Ne~ Policy Gre.
ates RefundIna Mort
gage Of s12o, 100000.

CHICAGO, Nov. IA Haxrfms n
Railroad board when w. Ayerill Har-
rimAn, son OF tho late e. n. Hartman.
was added to tho directorate A. the
annual meeting.
Illinois Central has fallen Ia Nns
with the policy adopted by large rail-
road systems OF creating very large
mortgages November IA 1t will asa
shareholders to authorize a retundinx
mortgage of $4,000, 900. OF this $50. =
100000 will be for taking care OF
outstanding bonds, 342. 900, 900 for pur-
chase Of lines south of the Ohio Riv-
er. and sz7000,o0o for future improve
ments.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
Bankers Aid State,
Then Are Accused
New York Syndicate Surprised by
Charges of Fraud In Buying
Tennessee Notes,

NEW YORK, Nov. BANKERS
composing the syndicate which pur-
chased considerable amount OF the
State Of Tennessee short term notes
not long ago expressed surprise at the
story charging them with buying tho
notes for 1881, selling them for 1895,
and dividing the difference with the
members of the Funding Board OF the
State.
The members OF tho syndicate were
Inclined to look upon the report as the
result OF a political squabhle between
the Democratic and Republican par
ties in the Legislature.
1t was said that the syndicate in
stead of making formal reply to the
charge. would wait until asked to do
so by the state, when they would
willingly divulge all details OF the
transaction and would permit any in
vestigatton Of its books.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
News and VeO by Experts of Finance, Industry Crops and Co
Cost of Living to
Increase in Europe
Prominent FInancler Expects Old
World to Reach Americas
High Level.

PARIS, Nov. George Blunen-
thai, tho banker to-day said
Il think there Ia a marked increase
in confidence and IN tho stability of
the future. The period OF uncertain
ty is about past. Nearly everything
depends upon the supply OF current
gold. II that il ample, stock prices
will be normal and we may look for
easy commercial conditions
Neither currency bill nor recent
tariff Legislation is likely to affect
business unfavorably except in a
most transitory sense"
will stabler conditions in trade
and finance the world over, together
with the tariff and currency legigla-
ton in America, tend to decrease the
price Of living7" Mr.. Blumenthal was
asked. No" he replied. My opin-
ion, strengthened by the observations
have made during my last st1
months IN Europe, Is that the cost Of
living, measured in financial terms,
will never again be brought down TO
its former level.
ION the contrary, 7 am certain 9TH
er countries Will gradually approach
the American standard OF living"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
Russia Will Study
U. s. Tariff Effect
Commission Named TO Advise Gov
eminent How to Get
Advantages.

Special Cabls 20 The American.
ST PETERSBURG, Nov. 1.-The
appointment was announced to-day
of a Government commission to study
the effect of the American tariff on
Russian exports, which in 1912
amounted to more than forty mil
lirH rubles $50, 900 O0O) TO the United
States.
Data before the commission shows
advantageous opportunities for Rus
sian hides, wool and flannel These,
however are largely destroyed by du-
ties against countries outside OF the
most favored" nation treatment,
among which Russia has been since
the abrogation OF the treaty. The
commission has been directed to ad-
wise Government action.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
Space Is Allotted
In Firms Building
Dougherty-Little- Redwine Company
Move Nov. to 9o-92 South
Pryor Street.

Interesting announcement has been
made OF the distribution OF goods
through the new building which the
Dougherty- Little Redwne Company will
occupy after November l at Nos. 30 and
90 South Pryor street. On the first floor
will be the offices of the concern and
a complete line of staple dry goods, per-
Gales and domestic goods. The imported
woOlens, linens and dress goods will
be on the second floor. Yankee" no.
tions will be on the third, and gents
furnishings, overalls, pants, etcs on the
fourth and top floor. The basement will
be devoted to sample rooms and billing
department. The dimensions of the
building are 461a by las feet giving 49,
600 square feet OF floor space.
J. r. Little, buyer for this concern,
has returned from New York and re-
ports a complete new line of spring
goods
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
Wisconsin Gives First
State Life Insurance
Former Speaker, Author Of Bill. Gets
Initial Policy Under Precedent.
Making Law.

MADISON, WIS, Nov. The first
policies in a state life insurance fund
in America were issued to-day by the
Insurance Department OF Wisconsin
Former Speaker Charles A. Ingram
OF Durand, who introduced the meas
ure in 1911, received the first policy
Applications came from several
States but under the law policies may
be issued only TO residents OF Wis
consin
No policy Is Issued Tor larger
amount than $1,000. When the mum o.
Der Of poliCyholders reaches 900 the
maximum policy issued will be for
s. 200. and when the number reaches
1900 the maximum policy will be tor
SO 0oo. the highest amount authorized
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
U. s. Now a Large
Importer Of Beef
Figures Show We Have Changed
From an Exporting to an I'm
porting Nation.

United States has changed with star
thing suddenness from a small beef eX-
porting country TO very large beef I'M
porting country, is shown by a report
issued by the Department OF Com
merCe
This report shows that the exports
OF beef and beef cattle have fallen from
81, 500, 900 value I'm the eight months
ended with August. 1904, to practically
81 900. 900 ia the corresponding months
of 1913. and that the imports Of cattle
meantime Increased from 9,301 in the
eight months OF 1904 10 $40. l05 in the
same period OF 1913. and their value
from SlS1,lA5 ia 1904 10 S5,0Sl ,S42 in
1913
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
Wylie West Leaves
For Trip to Havana
Third Journey In Year Takes Fire
stone Official Away-Returns
for Auto Show.

wyiie West, manager of the local
branch of the Firestone Tire and Rub
Der Co, has left on a s0-day business
trip to Havana, this being the third
trip to Havana this year. He expects
to return about November 5 or 8, in
time for the Automobile Show.
Mr. West will stop at Jacksonville,
Orlando and Tampa on the way down
and returning will land at Key West
and travel up the east coast by way
of the Florida East Coast Railway.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
Business Brevities

Du Pont de Nemours Powder Com
pany for nine months ended Septem-
Der 30 last. reports surplus OF S2S14,-
o44, equal to az per cent on S2e, 42s, 70s
common stock and equivalent to an an
nual rate of "a per cent
Georgia Southern and Florida Rail-
road for the year ended June 30 last
increased gross S11s,361 and net de-
creased $685. The balance was equal
to 6 1-3 per cent on $4,000 900 common
stock against la last year.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
TARIFF AND pIpE.MAkERs

In view of the increasing popularity
OF English-made pipes, even under the
old tariff. domestic manufacturers are
apprehensive concerning the result OF
the reduction in duty on pipes from go
to 30 per cent In addition, there is
now tax of 81 pound on raw am
Der and amberoid, which under the for
mer tariff was duty free, and another
tax of 20 per cent on meerschaum.
which was also on the free list. II is
thought likely. however. that the tax on
amber viii act as n spur 10 the produc-
ton and use OF amber substitutes
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
MANAGER GETS PRESENT

IlINN NN, NOV. ~ z MCGIl.
owner OF the Denver ieam, last night
presented Manager Jack Hendricks
with 81 900 in appreciation Of his having
won three Western League pennants
SUCCESSFULLY II was stated that in
event the proposed purchase Of the
Indiana polls team by Mr.. McGm is
contaminated Hendricks Will lead that
team next year. Shortstop Jack COT
fey Will then probably succeed Hen
bricks as manager of the Denver team
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
NOVEL SOFT Hal

\ novel soft hat for men has a half
inch ribbon, which makes the crown
look higher than il really is, and at the
same time gives an appearance Of great
er height TO the wearer For autumn
sports, the helmet shaped English cloth
hat is an oddfty.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
MONEY POWERS OLD MACHINE
GOING TO PIECES, FORBES SAYS;
PUBLIC GETTING INTO CONTROL
Morgan House Changes Policy to One
of Extreme Conservatism, With No
Expansion---Overthrow of Rock
Island Adventures Is Significant.
By B. G. FORBES.

NEW YORK, Nov 1.-The Money Powers INGENIOUS machine
constructed of voting trusts nerocng direcorates
eommittees and the like, has begun to to pieces.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
$1,000, 900 Bonds To
Be Issued by Morgan
Firm Takes Up 100000 In Ottawa
for New Railway from Edmon-
ton to Murray.

OTTAWA, ONT, Nov. LII Is an
nounced here that the banking firm
II J. P. Morgan & Sons has taken up
he Great Waterways Company bonds.
valued at more than 100000.
They will be honored by the Alberta
Government The railway win be
built from Edmonton 70 Murray by
j. II Macarthur Winnipeg contrac-
or
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
cLAaaY no hoN cLAhk

NIIWAT hEI. WIS, Nov l. Fddla
Pal Clark. a local boy. iu the semi.
0nal to the Dillon Christie match ~ the
Auditorium Mondsy night
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-02
ZOE AALF.mlLLloN CITY

" ~ ~ w 7 L-TVTN U 7"
We helu 20 make tho half-mUilur
eltv." This Is the motto OF the Atlanta
-oiree MINIS Company which ie advising
.F .ccai friends fp buy AFunf1. made
goods Wherever possible Coffee direct
rom the mills IS enc pf trls concerns
srecisltlea