The Birmingham age-herald., 1913-08-29
OFFER MANY PRIZES
At EUF FAULA FAIR
Various Attractions Also
Being Contracted For
SCHOOLS OPEN SEPT. II
Moulthrop to Present Definite Plan of
Action for Adjustment of Con-
yict Lease System at Meet
ing of Association
SCHOOLS OPEN SEPT. II

ing of Association
dreds Of dollars in money and merchandise
premiums will be offered at the county
fair to be held here in November. SUBJ
scrption and donations being circulated
by the fair committee of the commercial
club are being readily signed on all sides
and the premiums will run into big fig
ure. A large number of street fair at
fractions are also being contracted for and
1t is thought that the fair will eclipse any
ever held in the city.
Col. Robert Moulthrop of this CITY.
chairman of the executive committee Of
the Alabama Convict Improvement asso-
citation, will present definite plan of ac-
tion for the campaign for the abolishment
of the convict lease system in this state
at the meeting of the association, which
viii be held at Montgomery, September g.
At this time he will submit data gathered
In Georgia and other states and make rec
concentrations on the fight to be made in
Alabama.
A meeting of the newly organized Rural
Letter Carriers association will be held
next Monday at Louisville, this county.
to perfect plans for the associations work
in Barbour county
Edward Ross son of Mr.. and Mrs. E. II
Ross of this city, who was bitten by a
mad dog during the recent epidemic here,
has returned from Montgomery, where he
took the Pasteur treatment, and is now
completely recovered.
The public schools will not open this
year until Wednesday, September II, this
being several weeks later than usual.
oscar Kaigler, prominent citizen of
Georgetown, across the river. was taken
to Montgomery this morning to undergo
an operation upon foot that was injured
in railroad accident several years ago
and has been giving him trouble ever
since.
tions to the banks of the south will prob
ably never be discovered. 1t is CERTAIN
however, that the report did not originate
Win tHt DdHhtTS Oh the south or of the
west. There does exist a suspicion that il
originated in the minds of some who are
of demagogic political career 1t is of the
same character as were the reports which
were In circulation in 1907 that the reason
banks in other parts of the country were
not able TO accommodate their regular
customers was to be found in the fact that
the banks of New York, and to some ex-
tent those of Chicago and st. Louis, were
VAft fr1er H.
southern banks. Yet the banks of New
York were shown to have depleted their
reserves at that time nearly $4,000 600 be-
low the legal requirements and had sent
approximately 100000, 900 of gold to other
parts of the country These reports did
not originate with banks or bankers, but
seemed to have been the spontaneous con-
tribution to the politics of that time Of
certain demagogues. They were like the
report which was in wide circulation at
one time that the United States Steel
corporation paid j. P. Morgan & Co. $780,
COZ, 600 for organizing the corporation.
Judge Gary paid no heed to these re-
ports until they were referred to by Col
onel Bryan In one of his addresses. His
personal relations with Colonel Bryan are
extremely pleasant. They are good friends
and no one has spoken in fuller recogni-
tion of the great personal influence which
Therefore phen opportunity came he men,
toned to Colonel Bryan that the report
that the Steel corporation had given $780,
100000 to j. p. Morgan & Co. was abso-
lutely false. Nothing like that sum was
paid, no more. in fact than the customary
commission and he asked Colonel Bryan
where he got his information. The reply
was that the report had been floating
around for a long time and it was ac-
certed by Bryan as accurate.
This anecdote illustrates the manner in
which reports of that kind start and are
circulated The fact is that probably the
larger part of the very large loans which
the New York banks have made to out-of-
town banks within the past two months
have been accommodations furnished to
banks of the south and the west It is
impossible, of course, to obtain figures of
the accuracy which is implied in reports
to the comptroller of the currency, but the
general understanding is that the banks
of New York city are now carrying loans
10 banks in other parts of the country.
especially in the south and the west, of
approximately s100,00O,000 and this sum is
at least so per cent of the aggregate loans
made by New York banks to various ma
tional state banks.