davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
MEATS COSTLY
ELSEWHERE AS
WELL AS HERE
Whitcomb Company Tells How the
Packers Are Importing Beef
From Across Equator.

Part, at least, of the high cost 4
living is not due to causes in any way
peculiar to Atlanta, but to conditions
which are of national and even IN
ternatioual scope. remarked W. NJ.
Burke, Of the II. II. Whitcomb K
Burke Co, grocery brokers, No. 149
Madison avenue.
1T may be true that meat prices
in Atlanta are higher than in any
other city except Boston. as the Gov
eminent report indicates. I do not
know the answer TO that. But meat
prices, all the way from Bangor -
Seattle and between, are too high. The
reason Is scarcity of cattle.
Take Libby, Mcneil & Libby ss
examples. Tne Arm is unable 20
make full deliveries Of its canned
products just now. simply because 1t
can not get the raw materials in suf-
hcient volume. Other ackers are in
the same plight.
The Shortage is so acute that It
now is profitable to IpOrt fresh beef
from Argentina and Australia Lib
by's now are bringing large quanti-
ties from South America
Between 100000 and 5000, 900
pounds of fresh beef, practically Ill
from Australia and Argentina, en-
tered the United States in the last
three months, indicating that he To-
tai for this fiscal year viii exceed
100000 pounds
Prior to 1912 the importations of
fresh beef averaged about one third
of million hounds per aDDum
The import prices range from ap-
proXimately z cents to 10 cents per
pound, the average having been from
Australia 60 cents per pound from
England SO cents per pound. These
are the figures OF value in the coun-
try from which the Juef Is sent to the
United States, and do not include the
cost of transportation or the tariff Of
- cents per pound
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Government Provided With Ample
Safeguards Against Loss by the
Failure of Borrowers or Banks.
Market for Short-Term Notes.
By ROBERT Z. OWEN.
fSerator From Ok!ahoma.)

The Federal reserve banks
lSec. 10 are given the power
to deal in gold coin and bullion.
both at home and abroad, to
make loans thereon, and to con
tract for loans Of gold coin and
bullion, giving therefore when
necessary acceptable security, in
Guiding the hypothecation Of
United States bonds. "
The obvious purpose Of this is 10
enable these banks 10 protect the gold
reserve oC the country. But they have
the further power
TO invest in United States bonds
and bonds issued by any state,
county, district or municipality"
and obviously with these securities
they could also obtain gold 10 pro-
tect the gold reserve of the nation
and Of their own banks.
But they are further given power
Ito purchase from member banks
and to sell. with or without its
endorsements bills of exchange
arising out Of commercial trans
actions, as hereinbefore defined,
payable in foreign countries" (this
ought TO include domestic eN-
changes alsoJ. but such bills Of
exchange must have not exceed
ing 90 days to run and must bear
the signature of two or more re-
sponsible parties. OF which the
last shall be that of a member
bank"
Il is obvious from this power that q
market is Immediately created for
foreign bills Of exchange (and it ought
to include domestic bills as welD.
And it has further power
ito open and maintain banking
accounts in foreign countries and
establish agencies in such coun-
tries wheresoever it may deem
best for the purpose of purchas-
ing. selling and collecting for
oign" Gt should be or donsstic)
bills Of exchange and 70 buy and
sell through such correspondents
or agencies prime foreign bills of
exchange arising out If CONNER
cial transactions which have not
exceeding 80 DAYS to run and
which bear the signatures Of two
or more RESPONSIBLE parties
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
PearsOns Invade
Colombian Republic
Forty-Year Concession Granted Brit
sh Bankers Who Are to
Exploit OH Fields.
Special Gable TO The American.

LONDON. Sept. 20.-The banking
firm of s. Pearson & Sons has just
secured through Lord Moray, val
liable concession from Colombii
whereby the Pearsous secure the righ;
to explore virgin territory known Il
contain valua BILE petroleum and min
eraI deposits The Pearsons must
spend 100000 a year for the mex.
five years in exploration. A valuable
concession Just has been secured from
Ecuador by the Pearsans.
The Colombian concession permits
the Pearsous to establish Tetinerlas.
build railroads and docks. The CON
Ccssion is for 80 years. II was Sc
cured after keen competition agaius-
firms in the Unjted States ana Con
tineutal Europe.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Cotton Prices Firm,
News FaVorS Bulls
Rumors of Gulf Storm and Of Texas
Exporters Troubles Serve to
Sustain Market

NEW YORK. Sept 20 The cotton
market showed decided sttadiness to-
day, opening . To points higher than
the previous CLOSE There was some
slight recession on prufit-tak.ng, but ru-
mors of Al Gult storm and trouble
among Texas exporters IN getting cotton
fast enough sustained prices The
weather map is practically free from
heavy rain both East and West and the
forecast calls for clear weather for the
western belt. with only light showers
for tomorrow ana Monday eastward.
These conditions should ena bile farmers
70 pick and market the crop
Spnners' tallings for the week were
greater than last year This Is Of i'm
portanee, particularly as the crop doe
not promise to equa' last years The
world $ stocks, according TO the Finau-
cial Chronicle now are about $50 90.
bales less for American cotton than for
the corresponding period last year
Specula ton has been conservative and
Il was only during the latter part OF
the week that spinners appeared L.
have taken hold Of the situation Large
sales have taken place in Liverpuul
running al times from ~ 600 to 5000
bales day The fact that the adj
vance from prices ruling about fifteen
days ago has been nearly SIS a bale
does not appear 10 deter them
Estimated cotton receipts.
Monday 1919
Galveston .s..... 30 600 10 $4,000 80 $50
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Senator Owen Explains Currency
49, +o* +.+
How Banks VIII Handle Paper
+.+ +s+
Federal Reserve Assures Safety
Author of the Measure
Clears Obscure Points.

Just how banks will go about
their des lings with the new Fed
eral reserve banks is question
of keen interest to bankers and
also to the mercantile commu-
nifty.
The handling of commercial pa
per under the Oven Glass cur
rency bill is a point on which en-
lightenment has been sought re-
peatedIy.
Senator Owen, who was a bank.
err, and VINO is Chairman of the
Senate Committee on Banking ard
Currency, has, on the Invitation of
The Sunday American, prepared
a careful explanation.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Wisconsin Attacks
Northern Pacific
Railroad Accused of Failing to Pay
Fee on New Stock-Charter
Forfeiture Demanded.

MADISON. WIS. Sept. 1s-Attor-
ney General Walter c. Owen ap-
peared in the Supreme Court to-day
and asked for permission to file an
information in the form of a quo
warranto proceeding to determine
why the charter Of the Northern Pa
cifc Railroad should not be forfeited.
He claimed the company did not
pay the fee required by the Wiscon-
sin laws for increa sing its capital
stock. on an increase of S250,000, 900
of stock, he says the amount due is
S250.000 The question will not be
argued until some time in October
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21

eral security for loans extended to the
member bank They would be put in
the collection portfolio of the reserve
bank. If the reserve bank wanted to
get Treasury notes on these bills of
exchange and aCceptances, it would
place them in the custody, or under
the control, of the Federal reserve
agent located in the Office of the re-
serve bank, and he would pay the re-
serve bank Treasury notes in ex-
change for like volume Of these
commercial bills of exchange and ac-
ceptances which he, of course, would
pass on
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
How Note Retirement
Is Expected to Work.

When these notes are paid they
Will be paid at the counter of the
member bank and will be sent there
for collection, and when the returns
are RENTED and the reserve bank
paid, the member bank win he
credited with the returns on the loan
previously made the member bank
and the reserve bank will renav
TO the Federal reserve agent the
Treasury notes previously borrowed
on such paper. The Treasury notes
thus retire from circulation.
Doubtless in ordinary practice. as
the member bank would draw down
certain notes for collection and nav
nent 1t would substitute other notes
of like charcter in lieu Of the notes
maturing, and in this way always
keep an adequate margin and accent
ances of a qualified class as security
in the hanas Of the reserve bank, and
the reserve bank in like manner
would keep like adequate security
in the hands of the Federal reserve
agent just as is now done in the com
mon banking practice wher a note
about TO be paid is replaced by an
other note Of like or greater value.
If the Federal reserve bank de-
sired, ii could sell these notes with
out Endorsement to banks having
idle money and in this way market
would be built up for commercial
paper which would be of the great
est value in enabling the manufac-
turers. merchants and business men
Of the country to market their
credits upon the Endorsement OF
their home bank. In this way ac-
commodation could be furnished to
farmers against agricultural prod
ucts. to manufacturers against manu-
featured products, to wholesalers and
brokers against merchandise in tran
sit and the rate of discount in all
Of these cases would be fixed by the
Federal Reserve Roa rd
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21

gladly VIII bring forward long-delayed ISSUES
And ! am told that two or three huge blocks
Of stock in other roads carried by important
railroads will be turned into cash whenever at
tractive opportunity offers. Baltimore and
Ohio, Southern Pacific and New Haven are
named.
On the other hand / hear that Reading stock
holders will fare sumptuously in the near fu-
ture. Concealed assets are not now kindly
regarded by the government, hence a dstribu-
ton would be in order
Too much has been made Of the prospective
Union Pacific melon y Any huge gift to
stockholders would leave the company less able
ldend, for hen lays no extra eggs after being
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
RAR SIINER

NEW YORK, Sept 2O.-Bar silver in
London to-day was lie penny lower
at IS sled per ounce To-day's New
York price was isc lower at 6I2sc.
Mexican dollars. 461a q so
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21

NEW YORK. Sept. 2o-Turpentins
steady, AZ: at Savannah 3an39&: c to
6 ros'n strained, 4.05n410, tar in bar
rels, > so
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
RICE

NEW ORLEANS. Sept 20 The mar
kgt for clean rice continues to rule
active ON Honduras and steady on
Japan
Quotations on the leading grades fol-
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
STOCKS MAY HOLD UP,
BUT Nd BOOM IS To De
DESIRED, FORBES SAYS
Reading Stockholders Likely to Fare Well, but
New York Central New Haven, Rock Island
and Copper Shares Are TO BE Avoided, De
clares Expert Observer
By B. C. FORBES.
NEW YORK,

NEW YORK, Sept. 2OIt may be tlat STOCK m8rIcs will
But boom neither desirable profitable
The the public begins camor for securities underwriters
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21

maintain s dividend for hen lays eggs being
killed 10 cent Reading and per Union Pacific may
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
.EnAnS

MEM YORK. Sept 20 Government
hnras unchanged Railroad bonds ir
regular
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21

CJEARINGS.
NEW YORK Sept 20 Bank clear
iugs to-day. $S05, 5G2, 066 Holiday q
year ago
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21

PORT RECEIPTS.

The following table shows receipts a;
the ports to-day compared with the
same day last year.
Norwich bulletin., 1913-08-18

74-292 State St. New Haven, Conn
Norwich bulletin., 1913-08-18
ExcURsIoNIsTs CAME
 HEAR BY BOAT.
Montreal Party Made Side Trip to
 Norwich Saturday.

Seventy three excurSiOniStS form Montreal, many of whom were mem bers of the Builders exchange of that city and their families passed through here on the Seashore Limited express of the Central Vermont railway Satur- day morning for the annual outing of that organization. Secretary R. L. Merry of the exchange and Travelling Passenger Agent s. M.i Driscoll of the Central Vermont met the excursion ists here and accompanied them south to arrange for the care of their bag gage and other details for their com fort.
 Secretary John Humphrey of the New London Business Mems asSocia- tien, met the visitors at the Union station on the arrival of the train and escorted them to the Mohican hotel, where nearly all will make their head quarters until Monday evening. Short ly after Il o'clock a special car se- cured by SecretaryHumphrey conveyed the party to Ocean beach, where at 12.30 a shore dinner was enjoyed at the pavilion
 At o'clock Saturday afternoon most of the excursionists took the boat for this city giving them an opportunity to view the beautiful scenery along the Thames. The return trip was made in season for dinner and the evening will be spent informally. There is a programme for them to follow during their stay at New London.
Norwich bulletin., 1913-08-18
STRENUOUS LIFE WEAKENS VITALITY Mi-o-na Builds and Strength.
 ems the Stomach

The stress and strain of the stren- uous life in both city and country tend toward stomach trouble. The frantic rush for pleasure, money and excite- ment is bringing serious results. Elab- crate food, late suppers and over eating are some of the causes of stomach weakness.
 If you are one of the sufferers, do not despair. Immediate relief is at hand. Mi-o-na Stomach Tablets, sold in all drug stores, are a specific for out-of-ord stOmachS.
 Mi-o-na is net only digestive, but a stinaulant and strengthener of the stomach walls, 1t increases the flow of digestive fluids, soothes the frritated membrane, and puts the stomach in shape to do the work nature intended so that all the nourishment. is taken from the food and the system is sup piled with rich red blood. meaning perfect health.
 If suffering with indiges lion, dys- pepsia, gastritis, or any of the various forms of stomach misery, usually indi- cated by distress after eating, head ache, dizziness, CT sour stomach, do not wait-take Mi-o-na today-delays are dangerous.
 Mf-o-na is always sold on money back if not satisfied plan. Lee and Osgood Co, and druggists everywhere. soc large box.
Norwich bulletin., 1913-08-18
AT THE FIRST CHURCH. Rev. E. s. Bannford of PIainfieId Preached Helpful Sermon.

Rev F. s. Bamford. pastor of the Plainf1eld Congregational church. preached at the First Congregational church Sunday morning from the text If any man will come after Me- let him deny himself and take up his cross and follow Me. To get recruits for the church in this twentieth century, he said, men are being sought for the sake of the church instead for the sake of the man. God requires of every man a spirit of sacrifice, a, whole surrender, in order to fit into His plan. The con- dition for service is whole, free, glad surrender. We must have vision of Christ in our hearts before we. dare to say: T can do this thing or that" T bear in my body the marks, all this that l have undergone is as nothing" said Paul, for the exceliency of Christi
 In every Christian life there must be a cross, a Gethsemane. The great characters are those that are going through deep waters, that are drinking the cup of bitterness, that are carrying the cross every day. The moment we realize the spirit of sacrifice God is ready to use us for Him. Life is not in the abundance of things we have but in the giving of ourselves for oth CTS. He who gives up. gains, and gets the best that God has. As the reward for service here, Christ gains for us the victory, and brings us all, an un- broken band, home to the Father, God.
Norwich bulletin., 1913-08-18
Robbed on Way to New York.

Charles H. Rogvin of 197 Main street was robbed by a young man while enroute from this city to New York on the steamer Chelsea last Tuesday evening. The thief occupied the same room with MT. Rogvin, having the berth above him. About 10 o'clock Mir Rogvin went to his room to lie down for a short time and did not re- move his clothes. After an hours sleep he awol1e and missed his pocketbook which was in his trousers pocket. Mir. Rogvin accused the young man who was occupying the berth above him at the time, but he denied having taken the pockethook, which contained $76.S0. The man said that he also had been robbed as his watch was missing. MT. Rogvin did not believe the story and reported the case to the captain of the boat. The accused man was immediately taken to the captains room and searched and the stolen money was found in two bundles tight -ly fastened in the sleeves of his coat. The thief was put under guard and ar rested when the boat tied up at New York. The money was given back to MT. RogVin and the case will be tried in the New York courts
Norwich bulletin., 1913-08-18
BOOST BABY SHOW.
Experienced Organizer Coming to Give
 Points to County Fair Officials.


 The chief organizer of the better baby bureau of the Women'S Home Companion Mrs. E. g. Richardson will send an orga nizer to Norwich in the course of few days to give the baby show committee of the New London county. fair some valuable pointers about making the thing a success. She has had much experience in this sort of work all over the United States. With her help, the promoters of the baby show expect to have a big and bouncing exhibition at next months fair. They look for a hundred babies
 Formal entries are to be sent to the society's advertising and press agent, but R. c. Plaut, the father of the baby show, will answer all questions.
 The officers of the society are still on the lookout for good things for all three days. They don't expect Ed Martin and his biplane to do the whole of it. Entries for the hall as well as for the cattle. sheep, poultry and pigs are coming in. The racing com mittee. Messrs. Lathrop, Ring and Greenman, report that there is more interest in the trotting than there has been in many years The entry list
 Contrary to report, there will be no trotting by electric light. All the races will be in the afternoon.
 In the evening everything will be open for the crowd. and the hall and the stalls and the pens and the midway will take up the time until g or 9.30 when the fireworks will get busy Af- ter that there'n be a break for home.
 The wire fence on the Salem turn pike side of the fair grounds is up The electric wiring will commence this week. Supt. Kehoe will put a big force on and have the job out of the way some day before the opening of the fair. The belief of the society's off cers is that the night fair will get out oyer 1000 people every night.
Norwich bulletin., 1913-08-18
Ciaar Band Table Ton.

A decorative cigar band table has just been completed by Steward Charles H. Ames of the Arcanum club. The bands used in the construction of the table are from cigars smoked by the members. and there are over 1000 bands used in the design. The table is of quartered oak with plate glass top, on the bottom of which are pasted iHnumerable cigar bands, all ar ranged in color harmony and tasteful design. The center of the table is de- signed as a rose to represent the Rose of New England. There is a min iature picture of the White House, with portraits of the presidents of the coun- try arranged in semi circle, on one side and another side is devoted to a Robert Burns picture gallery The outside border is of gold paper, then comes a narrow border of cigar bands and 8 border of green paper within which is the solid mass of bands. The construction of the table took a long while even after the necessary mum Der of cigar bands had been secured.
Norwich bulletin., 1913-08-18
CHANGES MADE IN
 PERSONAL TAX LAWS
The Enumeration of Voters Is to Be
 Left with Registrars.

Several changes in the laws relating to the personal tax were made by the last legislature. among them being the Edate on which the assessment is due. All over the state for the past two years the personal tax was due on March 1 of each year, but according to the amendment the time for payment has been set ahead 8 month, the tax now becoming due on Feb. 1 of each year. The time for taking the enroll ment of tax subjects has also been changed, it being made to conform to the other change, and instead of the enumeration being taken up in No vember of each year the work will be done in October.
 The taking up of the enrolment does not necessarily mean that the work should be accomplished during that month Previously the law pro- vided for it's being taken during the month of November, but this worked hardship in some of the larger cities owing to the big district and the thou sands of names that had to be covered. The amendment instruets the regis trars of voters to make the list of all male persons between the ages of 21 and SO years residing in the respective towns on Oct. 1 and said list is to be fled with the town clerk on or before the last day of December.
 The work of taking up the enumer- at1on is left with the registrars of vot- CTS as well as it's compilation. Pro- vision is made whereby the mayor is allowed to employ one or more persons for the purpose of making up list but every such person thus employed shall act as an assistant to the registrars and are under their supervision. This part of the work assigned to the reg istrars will doubtless result in bringing about some improvement.
 Trouble is experienced each year in the number of names that are placed on the book An amendment which will also work to the advantage of the various towns and cities in that allow ing the rate maker to add tax of $2 to every person whose name appears on the list and empowering him at any time thereafter to correct said rate bill by adding thereto the names of any persons omitted, or to erase there from the names of any persons er roneously added or included therein.
 The various changes that have been brought about by the last legislature are expected to work to the advantage not alone to all of the towns in the state, but to all the collectors, the sections which heretofore were not clear being so amended that the duties regarding both the enumeration and the collection of the assessment is made plain. In these changes the rec ommendation of collectors was sought, and so well have the laws been drawn that but little difficulty is expected to be met with in gathering the taxes in.