The Birmingham age-herald., 1913-11-28
M|STR|AL ENTERED
IN OVERTON CASE
Madison County Official
Was Charged With Bribery
SMITH TRIAL ON DEC. Is
Young Girl Missing, Believed to Be
Lost in MOuntains-Thanksgiv
ing Quietly Observed in
Huntsville

Huntsville, November 27.-tSpecial)
A mistrial has been entered in the case
of David D. Overton, clerk of the cir
cult court, who was on trial before
Judge Speake here on charge OF
bribing voter The jury had the case
nearly "a hours and took many pal
lots. The majority was always for ae-
quittal and once all butlone juror voted
for acquittal.. The case has been set
for retrial on December 10.
Judge Speake has called special
term of the circuit court for Decem-
Der Is, at which time the vote bribery
cases of ex-Mayor Smith and Ed spelce
will be called.
c. w. Hill, we'll known citizen of
New Hope, is advertising here with
the hope of learning something OF the
whereabouts of his daughter, Queenie
Hill, 20 years old Miss Hill Is believed
to have wandered away from home and
probably lost in the mountains.
Huntsville people celebrated Thanks
giving Day quietly. Union ThanksgiV-
ing services were held in the Central
Presbyterian church where the Rev.
Francis Tappey delivered sermon.
Bishop Tyler preached in the Episcopal
lieved, not an ephemeral or exceptional
movement, but does to some extent rene't
the enormous increase in commercial re-
lations between the United states. ara
Canada. AS Canada buys more. q the
10 this blINS OF
the dominion, it would at first thought be
presumed that If there were any ship
ments of gold representing trade trans
actions the movement would be from Can
ada this way. But great deal OF Can
adian wheat has been shipped to Ameri-
can ports. Certain other important trade
relations lead our bankers to the opinion
that we shall hereafter see occasional ana
relatively large movements of gold be-
tween the United States and Canada
Whatever these movements may be, they
will unauestionably represent very health
full trade relations.
Some of the NOV ements of gold in inter-
national transa ctions seem at first sight
to represent extravaganza or waste, OF
needless expenditure. For instance, re-
Gently one of the great American indus
tries had occasion in the course of its
business to export approximately 100000
in gold to Argentina. At the same time
the normal course of business led to the
Importation OF nearly 100000 in gold from
Ecuador Now it would seem to those
who do not know all the facts as though
this importation from Ecuador might have
been so utilized as to decrease the amount
of gold sent to Argentina. or, In other
other words. Ecuador might have been
instructed to send 100000 in gold to Ar
gentina, to be applied to the credit of the
American business houses.
. But the fact is that it was cheaper to
bring the gold from Ecuador direct to
New York than would have been the
ca Sc had the gold been sent direct to Ar
gentina.
Some months ago it was reported on
good authority that the United States had
exported TO Europe approximately sl,0ce.-
0OO in gold and had at the same time i'm
ported from Europe. practically like
amount of metal.
Furthermore, 1t was stated that the ves-
sells which carried this gold crossed each
other somewhere in mid-ocean. A trans
action of this kind seemed like real ex-
II avagance. To one not familiar with the
facts, it would have occurred that II We
We're to import $loO0.o00 in gold from Eu-
rope and at the same time were to export
a like amount. for special reasons, the
simple use of the cable and of boOkkeep-
ing would have made the actual transfer
Unnecessary. The facts were, however,
that the transaction, which entailed our
sending of gold to Europe made 1t possible
to export bar gold. On the other hand
the transaction which made 1t necessary
for us to import gold represented de-
mand which came from Havana. In
Cuba those engaged in large business pre-
fer the French franc pieces and, in fact.
insist upon them. Therefore our bankers
who were importing on account Of Havana
merchants found 1t necessary to buy and
import French French franc gold pieces.
BY and by when exchange Is highly per-
fected the. cost entailed in shipping gold
across the ocean may be considerably re-
duced. We. can now transfer large
amounts of gold from New York to1San
Francisco at no greater cost than tele-
graph tolls and no greater labor than is
involved in the proper bookkeeping when
will set forth the credit and debit relations
in a transaction of this kind.