The Birmingham age-herald., 1913-09-11
MAY
CONVENE IN SELMA
Business Men Working to
Secure Next Meeting of
State Association

Selma, September 10.-fSpecial) )-Selma
business men are after the next annual
convention of the Alabama Educational
association, which will be held next
spring. The place for the holding of the
next meeting will be determined at a
meeting of the executive committee, which
will be held in Birmingham shortly
AT the meeting of the Chamber of Com
merce held Tuesday night the PROPOSE
tion to secure this convention for Selma
was again brought up.
Selma, is perhaps the strongest con-
tender for the mex convention of the as
sociation, AMI many of the business men
of the city believe it will be secured.
Steps looking to the continuing of the
work of paving the streets of Selma were
taken at the semi-monthly meeting of
the city council held Monday night. Dur
ing the meeting there were adopted ordi-
nanees calling for the paving of both Hin
ton and Hogan alley in the business sec
ton of the city. One of the alleys is to
be paved with Hassam material while
the other is to be paved with vitrified
brick. The contract for this work will
probably be awarded at the next meet
ing OF the council. During the session
Monday night there was also read an or
dfnance calling for the paving of Lauder
dale street from the north margin Of
Water street to the tracks of the South
ern railway at the union passenger sta
ton
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nieal and practical knowledge of The
science cf foreign exchange.
Not Alone C,xoo 7 ;.,oo
IL Stems to be common opinion he'd
ny those who are competent % give this
"pinicn that there is TO be 10 success or
to tie late J. p. Morgan as that tern. Is
cohnicrly understood, for the reaso .nat
10 one Of the great forces that worked
triumphantly along original lines, espc-
cia:ly in the field of banking and finance
or III the securities market either upon
the spe ci'ative or investment. side, as
ever succeeded by another who took ~
teh Norls and carried it on with pre-
eminent success salong the lines which dis
tia.d sled the great leaders
The late j. p. Nor gan's grealesr achieve
n,cnts we're in fields where it was nee, =
say to labor along origin II ines, the
feics where reorganization was the vooa-
tion. where the lighting of scSly or almost
nsff iplnd properties out of their low con-
d.tioas into convaiescence, ana then per
ment. In addition to that, Mr.. Morgan
was the leading, although by no means
the only original champion of the eco
nomic principle which he, with others, be-
lieved lie at the foundation of the mod
ern combination or what is sometimes
called big business"
Needed Abundant Means
His success in the field was not en-
tirely due to nj; command of great re-
sources, although he could not have
achieved as he did unless he had at call
abundant means. 1t was chiefly due to a
quality which rarnot be interpreted IN
language. 1t was the man himself. lie
had in finance and In the field of organi-
zation and reorsaniza ton the temper
amental qualities which in political life
characterized Henry Clay and, in some
degree, James q. Blaine. When Presi-
cent Cleveland asked Mr.. Morgan how
he was able to persuade Europe ard the
United States to Join with him in financ-
ing the federal treasury out of its diff
eulties by peldging himself and those with
whom he acted to prevent the expectation
CT gold for six months through their com