davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1913-07-02

feature which has been criticised by some
bankers. 1t is the provision which re-
quires national banks of character des-
ignated In the measure, to furnish the
total capital of wnat presumably will be
in effect, if not in name. the central
banking institution. the real core of the
new system.
Whoever Is familiar with the romantic
and really fascinating history of the evo-
luton of American banking will not fail
to remember that it was Boston and New
England banking which really created
cooperative banking of this kind. In fact,
the whole well directed cooperation of
the state banks of New England for some
20 years prior to the passage of the ma
tional bank law is really written in some
measure in the bill now before Congress.
For this bill contains some of the features
modified or amplified and yet fundamen-
tally the same, which made state bank
ing so successful in New England for
two-thirds of a generation. 1t was the
Boston and New England method which
carried the New England states through
the panic of 1851 with less suffering than
was experiences in other parts of the
country.
For some years the banks of New Eng
land. or the majority of them, kept upoa
deposit with the cuffolk bank of Boston,
$4,000 in specie each. This hard cash
served as redemption fund. 1t at
tracted instantly to the Suffolk bank the
notes issued by the New England banks
The average life Of a note was not much
over week. The life of notes issued near
The Birmingham age-herald., 1913-07-02
TEACHERS NAMED FOR
TALLAPOOSA SCHOOL

Dadeville, July 1.-(Special.)-Pr
c. C. Moseley of Camp Hill has been
elected principal of the Tallapoosa
county high school by the county board
of education. Mr.. Moseley succeeds
Prof. j. e. Hendley, who goes to Pick
ems county high school after a sue
cessful administration of three years of
the Tal1apoosa school. Prof H. r.
Miner of the University of Alabama
was elected first assistant and Miss
Nora Greene second assistant
The Cherokee Indian ball team of
Oklahoma are in Dadeville for a series
of baseball games The first game
played this afternoon was won by the
local team by a score of to L
The Birmingham age-herald., 1913-07-02
STUDENT BROWNS IN
TENNESSEE RIVER
Bunyan Hodges, Pupil of
Florence Normal, Meets
Tragic Death

Florence, July 1.-(Special) )-While
in swimming this afternoon with a
party of friends Bunyan Hodges,
pupil of the State Normal school, was
drowned. a telephone message re-
ceived tonight stated that the body had
been recovered after being In the water
bver an hour but details OF the trag-
edy are lacking.
Mr.. Hodges was % years old and one
of the brightest men of the school here.
He had remained in Florence after the
closing of the regular term to take ad-
vantage of the summer course The
body Will be shipped to the home of his
parents at Woodville for burial
The Birmingham age-herald., 1913-07-02
NEW PAPER ENTERS
FIELD IN FRANKLIN

Russellviile, July 1.-(Special.) 1.-The Red
Bay Headlight, for over year a weekly
paper published at Red Bay, western part
Of Franklin county, suspended publication
last week, and in it's stead the Franklin
Democrat appeared The newspaper will
be edited by c. G. Rlcheson, representa-
tive from this county to the legislature.
1t is neat in appearance, seven column,
four page, all printed at that office. 1t
will always be for the democratic party
and for the advancement of conditions
over the county and Red Bay
The Birmingham age-herald., 1913-07-02

the Mutual Bank OF Redemption of Bos-
ton was highly satisfactory and the legit-
innate commercial needs of the Industries
and commerce of New England were al
ways adequately met.
There are hints of this method in the
bill now before the Congress. This New
England banking system, however, came
to an end when the national banking law
was passed. For that law contained a
provision taxing notes issued by state
banks at 10 per cent and this tax was in
stantly prohibitive, as it was intended to
be. OF course, when the New England
banks no longer issued notes the occa-
sion for maintaining the Mutual Bank
of Boston was ended.
The Birmingham age-herald., 1913-07-02
BREWER PARDONS
OLDEST CONVICT

Jackson. Miss. July Especial 1.-The
oldest convict in the Mississippi peniten-
tiary, George Smith. was today pardoned
by the governor. He was sentenced to
serve a life term for murder in Union
county in August. 1885, being at that time
25 years of age. He has therefore served
2S years or therea bouts, which is longer
than any other convict has been making
cotton and corn for the state.
The Birmingham age-herald., 1913-07-02
$1,000 REWARD

A REWARD OF $1,000 WILL BIZ
PAID FOR INFORMATION RESULT
ING IN THE ARREST AND CONyIC-
TION OF ANY PERSON OK PERSONS
FELONIOUSLY PLACING DYNAMITE,
NITRO GLNCERIN OR OTHER EN-
POSIEE ON ANY STREET CAR
TRACK IN THE CITY OF BIRMING-
HAM. CITY OF BIRMINGHAM.
ny G. EyUM, As PRESIDENT DF
THE BOARD OF COMMISSION ERs.
The Birmingham age-herald., 1913-07-02
THE HOLY NAME SOCIETY

President e. Il. Dupray requests the
members of the Holy Name society to
attend the funeral services over The
late Thomas w. OByrne at st. PauPs
church this "wednesday morning at
10 o'clock. He urges full attendance>
The Birmingham age-herald., 1913-07-02
Was Remarkably Successful
Prior to Passage of the
National Bank Law
SAVED SUFFERING
IN PANIC OF 1857
Assertion Has Been Made That No
Banking System Can be Devised
Which Will Absolutely Pre-
vent Speculation
az HOLLAND

New York, July 1.-(Specia1.)-Oneo of the
features of the bill now before Congress
TO amend or greatly alter the national
banking and currency laws contains a
The Birmingham age-herald., 1913-07-02
ADJUSTMENTS
Vaudeville at Orpheum

Ten of the great stars of the stage pass
in review at the Orpheum this week, i'm
personated by Juvenile actors in an act
called 1.-The Lawn Party" 1t Is a clever
musical comedy offering, and headlines a
bill of five numbers, three Of which are OF
unusual merit.
The Birmingham age-herald., 1913-07-02
HUNTSVILLE HOTEL
IS NOW ASSURED
HosteIry Costing 100000 to
Be Erected Shortly
ON SITE OF CITY HALL
Considerable Building Boom Antici-
pated Following Decision to Erect
Hotel-Union Services Dur
ing the Summer
ON SITE OF CITY HALL

Huntsville, July Especial THE
Chamber of Commerce hotel committee
is winding up the subscriptions to the
hotel proposition and contract Will
probably be signed up with the pro-
moters during the present week. The
hotel, which will cost 100000. will be
signed up with the promoters during
the present week. The hotel, which Will
cost 800, 900, will be located on the
site of the present city hall which will
be sold by. the city for this purpose for
the sum of $4,000.
A considerable building boom is an
ticipated in Huntsville with the build
ing of the hotel, the new court house
and several other business houses In
the central portion of Huntsville.
The Birmingham age-herald., 1913-07-02
Another Method

Sometimes it happens that New Eng
land lumber merchant or a manufacturer
who sought a discount and obtained it
promised that the hank notes he received
would not be returned for long time
He knew how to make good his promise
He owed money, say, in western Pennsyl-
vania or in the west somewhere So high
was the credit of New England state bank
notes that funds Of this kind were gladly
received in rayment of obligations and
the charge for collecting these notes on
the exchange was comparatively slight
So it Often happened that these bank
notes would not get back to the Boston
bank for redemption until several weeks
had passed. Sometimes they passed
through two or three banks before they
reached the Boston banks
On the whole, however the cooperative
method illustrated by the organization by
The Birmingham age-herald., 1913-07-02
"Quo vadis" at Biiou

There is a matinee every afternoon this
week at the Bijou theatre of "Quo Vadis'
and an exhibition at night.
The Birmingham age-herald., 1913-07-02
Record as Protectionist

His record as a protectionist cannot
be assailed, for he has fought in ses-
sion and out for the republican stand
pat tariff policy.
However, in passing 1t may be stated
that while he is making his appeal
to the people, Senator Penrose is not
overlooking any bets In the way of
opportunities to play his old game of
politics. The Pennsylvania Legislature
Is now in session and is framing n pri-
mary law and other legislation neces-
sary to carry into effect the consti-
tutiona1 provision for the direct elec-
tion of senators. When the legislature
was elected no party had control, neith
er the democrats, republicans nor pro-
gressives having enough members to
dominate.
When it came to organizing the Leg
islature Senator Penroses genius for
that sort of thing made itself felt, and
his forces are now in control. This
gives him a decided advantage for 1t
means that the machinery for holding
the primaries will be made according
to his liking.
"Bill" Flynn is one of the principal
candidates against him and there is
some talk of A. Mitchell Palmer be-
coming the democratic candidate, max
Ing it a three coronered fight. There is
little hope In Pennsylvania for a DEM
ocrat, however, 1t is conceded, so that
the people of that state will have to
choose between two bosses of the old
school of ring politics-it will be eth
er Penrose or } Flynn-and may the
devil take the hindmost, and the Lord
have mercy on Pennsylvania.
The Birmingham age-herald., 1913-07-02

The past few days have been the
warmest experienced here in a number
of years past. The thermometer has
been lowering around 100 in the shade.
People have been suffering tntensly
with the heat.
A white farmer, whose name could
not be learned. was overcome while
working on a farm in Lanes beat He
was unconscious for several hours. A
number of horses have been overcome
with the heat.
The Birmingham age-herald., 1913-07-02
Tabloid at Majestic

The tabloid at the Majestic theatre
this week is THE Merry Whirl." Miss
Marjorie Lake is the star of the COM
pany. -
The Birmingham age-herald., 1913-07-02
SHOPMAN SUFFERS
PARALYTIC STROKE
E. Walker Found Unconscious in New
Decatur on Eve of Visit to
Birmingham

Decatur, July (Special)-E
Walker, one of the oldest employees of
the Louisville and Nashville shops in
New Decatur, was found this morning
in his room in a helpless condition, he
having suffered a stroke of paralysis
during the night.
He was making arrangements to visit
a married daughter in Birmingham and
another daughter, Mrs. Perkins, went
into his room to. awake him when she
found him unconscious.
The Birmingham age-herald., 1913-07-02
Some Interesting By-play


The remark has been made by some OF
those whose life work is speculation in the
securities market that there is no possi-
bic plan or scope for a national banking
system which can beat in the long run the
spectators or, in other words, prevent
speculation. All that these so-ca lied gam
piers would have TO do would be to under
stand the new rules of the game
The experience of the New England
banks after the highly satisfactory sys-
tenn of redemption at Boston was estab-
ished tends to confirm the statement
mace by experienced spectators.
Skillful and adroit men, sometimes with
the connivdnce of the banks themselves,
perfected methods by which long delays
IN the presentation of bank notes for re-
oemption at Boston were made possible.
The state of Maine was the favorite field
for perfectly legal and yet decidedly adroit
methods of this kind. A business man
who desired a note discounted would
make application at some ore of the
Maine banks and would strengthen his
application by stating that if he got the
discount he would take the currency out
of the bank and keep 1t out for 30 days
or sometimes so days or even longer.
The method adopted for doing this was
extremely simple. Having secured the
discount of the note, say, for $4,000 and
having received bank currency, the bust
ness man would go to note broker in
Boston. He would ask for loan OF
5000. He would offer as security the 5000
of bank currency which he had received
after the discounting OF his note. Sc
curity of that kind was of the best The
man borrowed the money and got the
cash from the Boston note broker who.
in his turn. kept rs security the notes of
the Maine bank. When the loan made by
the bill broker became due 1t was in
stantly liquidated by this currency, but
the Maine bank in that way had not been
called upon to redeem this note for two
months, possibly three or four.
The Birmingham age-herald., 1913-07-02

A programme for union services to be
held in the centrally located churches
of Huntsville every Sunday night dur
Ing July and August has been prepared
by the city Pastors union. The preach
ers will nearly all be away on their
vacations during the approaching
months and services will be limited to
Sunday nights.
The Birmingham age-herald., 1913-07-02
Cooperative Banking

So far as is now known, this Boston
plan was the first to put in operation the
principle of cooperation banking adapted
exclusively to the redemption of state
bank notes.
The brilliant success of the methods
which concentrated state bank note re-
demption at Boston in part explains the
great commercial and industrial activity
which were characteristic of New England
and were represented by the growth of
great many manufacturing establishments
for 20 years before the outbreak of the
civil war.
Experience taught the high value of
system of this kind. Much the greater
part of the state hank note issue by New
England banks was speedily and surely ve-
deemed at Boston. After redemption the
state bank was called upon to make its
redemption fund good and, having done
that upon notification, 1t was practicable
to issue new notes.
The Birmingham age-herald., 1913-07-02

report has reached here from the
Crowton neighborhood in Lawrence
county, saying that a heavy hail, rain
and windstorm swept over that section
Sunday night and did considerable dam
age to the growing crops of cotton and
corn.
The Birmingham age-herald., 1913-07-02

Henry b. Chase, former president of
the Southern Nurserymen's association,
one of the best known nurserymen In
the country, has been elected vice
president of the American Association
of Nurserymen at the annual conven
ton at Portland.
The Birmingham age-herald., 1913-07-02

old Cy Leland of Topeka puts (which
is a very annoying habit to form-so
that che controlling of the organiza-
ton does not necessarily mean having
ma ajority of the votes in the ballot
boxes as formerly.
Senator Penrose Is waging his cam
paign primarily on his record on the
tariff He believes, or processes to be-
lieve, that a trial of the Underwood
bill will convince the people of Penn
sylvania that they had better return
to the republican doctrine of protec-
tion. He insists that there will be a
republican landslide In the event of
the failure of the Underwood bill to
become popular and he hopes to ben
eft by such a landslide.
The Birmingham age-herald., 1913-07-02

or three days. This certainty of imme
diate redemption of specie infused the
quality of very high ci edit In the notes
issued by the majority of New England
banks.
There came a time, however. when the
managers If some of the New England
banks complained Of what they called 81 :
bitraR methods adopted by the man
agement of the Suffolk bank. Many dis
cussions and conferences resulted from
these complaints. At last, there was
agreement that a new bank should be or
ganized at Boston TO be called the Mu-
tual Bank Of Redemption. 1t was to he
absolutely cooperative banking insti-
tuition. It's capital stock was to be held
BY other New England banks. Its chief,
but not It's only, function was to be the
redemption of New England band notes.
The management decided that $4,000 was
larger amount of specie than was neces-
sary for redemption purposes. Therefore
the Mutual EanE CT Redemption agreed
to accept $1,000 deposits in specie from
each bank which desired TO make use OF
the facilities for redemption offered by this
redemption bank. that amount to be
kent good
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-11

OWNER leaving city viii make Special
offer to parties desiring North Side
two-story home or Inman Park bunga-
low. Both brand new and modern.
Phone or write Berriman. Ivy l42l:
SIS Third National Bank Bldg. 79-5
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-11
Real Estate Is Certain to Increase IN "
Poultry, Pet and Live Stock

price it is worth, then go to work
feeding it,
Farmers are beginning to appre-
ciate the worth of the really laying
hen. They are beginning to find out
that it does not pay to even harbor
one that is too old to lay well or that
never did lay much All such should
be cut right out of the game. And
there is no way so good to determine
that fact as by the trap-nest and the
little record book.
With the ever and rapidly increas-
ing values of farm lands it is but
natural that the farmer should look
about him for some plan by which he
can increase his income without
greatly increasing his farm expenses,
or investing in more land to do it
with. The farmer has this very fac
tor in the hen. If she is a good one.
And there are good ones if we will
but take the trouble to get acquainted
with her There are but few farms
in the country but what have from
one to three acres of land going
to waste, or rather that are not being
utilized. This is about the house and
outbuildings. If this could be fenced
and subdivided and a lot of good
hens located therein il would soon be-
gin to give revenue rather than be
an expense to keep free from weeds
and trash. ! do not think il ad-
visable for the farmer to try to run
all to poultry, but just Il hint to them
that may help them to raise money
for the taxes and various odds and
ends that take the cash. leaving the
regular farm crops in tact for other
purposes. Tests show us that hens
have made record OF 200 eggs per
year; some have done even better
than that. but a good many have done
that well. Now it IS an old saying
that what has been done can be
done again, so let US not fool away
our time keeping hens that will only
give us the old farm average of rs
eggs per year. That kind lust about
pays for its keep so that if we get
rid of them and keep the $50 to 300
egg kind then we get the profit that
is due us. A flock of good thorough
bred hens, say 300, should give us a
profit of $500 to $500. OF course.
you read of people making $500 from
ten hens and a rooster, but that is
from real fancy stock in which there
is all kinds of possibilities, but on
the other hand there is the chance
that you will not make anything from
them. We have reference to the COM
mercial kind, we'll managed: but it
can not be done with the hit -or-miss
scrub kind. They are too much like
the Irishman's flea. you get your fin
ger on them and they are not there.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-11
Wide Range Is Shown
In Realty Transfers
Announcements Include ss5,75o Elk
change, Sales of Land Lots in Full
ton and DeKaIb, Peaehtree Buys.

An exchange involving AZ North
Side city lots. a 1,750-acre farm in
South Georgia and SIS. $50 in money,
he purchase of zoo IA acres in North
Fulton County and POS acres in De-
kalb, transfer of business property
at Buckhead and announcement Of a
$4,000 building on South Forsyth
Street featured Fridays real estate
news.
John H. Maddox. of the Smith &
Ewing real estate agency. effected an
exchange of properties between DR..
Joel 1. Dawes. of that agency, and
George L. Patterson. of Valdosta.
whereby the former gave AZ residence
lots. beginning at the southeast cor
ner of State and West Tenth Streets.
and valued at SAP 900, for 1.75O-
acre farm in Lowndes County. valued
al S4S, 200, or go an acre, and paid the
differences, Sl,750, in cash.
The North Side lots comprise about
four blocks and front on Tenth.
Eighth and State Streets, Peachtree
Place and Ridge Avenue. Mr.. Pat
terson has placed them with Mr.. Mad
doX for resale. and DR. Dawes will cut
his South Georgia farm into 1OO-acre
tracts and offer them to immigrants
The sale indicates that South Geor-
gians are willing to trust Atlanta real
estate investments, and that, on the
other hand, Atlantans recognize the
opportunity in South Georgia colon
ization.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-11

CONTINUED IN NEXT COLUMN.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-11
Study to Know the
Profitable From the
Improbable Hen
Follow Advice and Eliminate the
Orones From Your
Flock.

II seems to me we can not over
estimate the importance Of finding
out whether our hens are paying a
good profit or not; and which ones
are the drones and cutting down the
profit. The only way to do this is
to keep a record. Under present con-
dltlons, when almost everything that
goes to help produce a dozen eggs,
comes the necessity for stricter econ
omy and the knowing of what it takes
to produce the eggs. We must turn
over new leaf and open an account
with the hens. We must charge them
with what they consume, and at the
same time give them credit for all
eggs laid at the market price, whether
they are sold or consumed by the
family. It is not much work, if you
but have a little account book in
which to keep IT. Five minutes a day
VIII do 1t. II may pay you to go to
the little extra trouble in ascertain
ing just where you stand.
The owner who has, by the use of
the trap-nest, found out the egg pro-
duClng abilities of his flock. has taken
the first step toward separating the
Improbable hen from the profitable
one, thing that every one who keeps
hens should be able to tell or know.
We are often asked the question
as to what constitutes a profitable
hen? 1t is one that win pay for
her feed, interest on the investment
of roosting house, labor taken to care
for her, and a profit besides OF
course, the cost of feeding a hen
will vary quite a little, owing to the
different sections of the country in
which il is kept Feed is quite a
little cheaper in some places than
others. 1t is but little trouble to count
the cost of feeding ten or twenty
hens. If you buy the feed, 1t is easily
put down. II you are raising your
own feed, simply measure out a bar
rel or two of it, putting down the
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-11
Ruekhead Transfer.

John G. Burckhardt has conveyed
to B. F. and A. G. Burdett the tri-
angle at the intersection of the
Peachtree and Roswell Roads. for
$4,000, The transaction was handled
by George P. Moore and is under
stood to have been in the nature of a
swap.
The frontage on Peachtree is 1852
feet. on Roswell Road $50 and the
base line is 70. MIR. Burckhardt
bought this some months ago from
Mrs. Lena Swift Huntley for about
$4,000.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-11
Dekalb Acreage Transfer.

Another large acreage deal has
been contaminated. Mrs. S. f. L.
lvey of DeKalb has sold to NJ. w
Reld and others, executors of the
estate Of the late J. d. Fitzpatrick, 40
acres on the east side of land lot IS
Seventeenth District, and also IA
acres in DeKalb County: and w. r
Ivey, of DeKalb. has sold to same %
acres in land lot Is, on the north line
of said land lot 1893 feet west of the
east line thereof, and "a acres in the
southeast corner of land lot 16, and
as acres i'm DeKalb County.
The tdSal is 203 acres. That con.
veyed by Mrs. Ivey was sold for SO,
500, and that by Mr.. Ivey, $500.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-11
REAL ESTATE FOR SALE

STREET HOME, near
Georgia Avenue; all ConvenienceS ana
latest improvements: best section Of
Washington Street: lot so by 100 to a
ten-foot public alley. Big garden and
plenty of fruit trees. Has got to be sold
at once on account of owner leaving the
city. For further information address
A. B. c., Box s37, care Georgian. 7-1O-5
A LOVELY nine-room house on
North Side, all conveniences,
large lot and good section. Place
worth at least $500. Price
$3.50, on terms. Mr.. Nell, care
Adair & Holt, 81 II Peachtree
Street. Bell Phone Ivy 10.
lila