davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12

mon ronters. Each club will be urged
to specialize on one breed and get a
pure bred boar as a foundation fol-
improvement. In a few years there
viii be wonders wrought as a result
Having brought his pig to prime
condition for the show ring, the pig
club member must first enter the
county contest, where It is expected
suitable prizes and inducements will
be offered. The county fair winner
will then go up to the State fair for
bigger prize.
Feed May Be Varied.
In planning the ration to be used
In fatteninR the pigs. the expert from
the Bureau of Animal Industry. will
take care to note what crop each sec
ton grows to advantage, that when
fed VIII produce economical pork. 1t
may be corn in one section that will
be relied upon most. In another it
may be peanuts fed in the ground
In another il may be some root crop
Whichever food ~ looked to most
to put on the fat and finish in each
community. II is the purpose to ar
range a crop rotation looking to suit =
abe pasture for the longest possible
season in the year, for 1t is the in
tention TO stress pasture. In no sec
ton of the country are there better
opportunities afforded for a diversity
of excellent pasture than in the South.
Great Exhibits Expected.
With all the work of determi-f ing
for each division of Georgia what
program of feeding shall be followed
the organizer Will have plenty of pre-
lin nary work TO do The first eX
hihits in Georgia win, therefore, not
be haGe until next fall
II the pig clubs take like the corn
club has taken among the boys, and
there Is plenty of reason why it will
then there may be expected to be
displayed at the county and State
fairs of 1914 some of the finest pork
ers that Georgia has ever produced
and the farm boys will be the proud
possessors OF these prize winners.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
Georgia Leads in
Asbestos Production
United States Supply Of Fire
proofinq Material.

WASHINGTON. oct. 11.-Produc-
tion of asbestos in the United States
for 1927 was considerably less than
that Of the previous year. but the
production for 1912 was the second
largest In the history of the industry
The production in 1912 was 4 403 shor:
tons. valued at $S7.959, against 1904
short tons, valued at S119,935. in 1911.
Nearly all the asbestos mined in the
United States came from Vermont
and Georgia. although a little came
from Wyoming. The finest asbestos
Vet found in the United States is in
the Grand Canyon Of the Colorado
Arizona, " is not, however, easily aC-
cessible
Asbestos is the most important fire =
proofng material known. Its tibrous
structure adapts ii to a wide range OF
applications, from woven fabrics such
as theater curtains and articles OF
clothing to various forms of asbestos
shingles, stuCCo, plaster lumber. %
and other building materials that rem
der structures thoroughly tireproof.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12

other week. Money, like the
birds, flies North at the approach
Of winter, and the first flight is
almost due.
Two causes are ascribed for the
decline in cotton. First, good weather
has made receipts larger than the
trade can consume at this time. Sec
ond ideas of the final yield have been
enlarged greatly.
Will there be asrebound?
Anyone who wants to argue that
way finds plenty of support. 1t Is
history that October is bear month
The movement of the crop is at its
height in October Bulls must carry
the load of huge receipts. often an
insurmountable handicap, other things
being even.
Habersham Kings Estimate.
The leader of the big crop cult is
Habersham King. with his recent es-
innate of 15,750,000 bales as a mini
mum out-turn. This is totally at
variance with all previous estimates,
since bad weather first appeared in
Texas and Oklahoma. 1t is million
bales and more above the general run
of guesses. Mr.. King makes it strong
er Dy saying late frost VIII make
the crop 16.250,000 or more.
Habersham King stands high as an
authority, and his bald assertion has
been powerful enough to check the
markets upward glide Even the
vast majority who think Mr.. Kings
notions extTavagant have paused to
see if they have not erred somewhat
on the other side.
The next ginning report, more
rains in the Western or Central belt,
or anything which checks the move
ment temporarily, will turn the tide
of the market.
An early frost, or even one of aver
age date, will give the bulls strong
argument. Unless everything is ia
vOrable from now on, an upturn is
easily possible.
While there has been great deal
of complaint from the Central and
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
RISING
IN COST, WITH
No HELP AHEAD
Whitcomb Co. Says Shrewd Gro.
Gerry JObbers Are Buying Now
in Considerable Volume.

Prices of such staples as 1our -.
and coffee will advance for sor,a a..
to come. The tariff bin will have II,
tie effect on these necessaries of ne,
according to w. NJ. Burke. name,
of H. H. Whitcomb G. Burke Co o.
Gerry brokers, No. 149 Madison ave-.
nue..
Flour already is cheap" saws NJ
Burke. There was considerable 70
duction in its price when the Irnits5
States made its bumper crop Of wbao.
If anything, flour should 90 IN he
cause it now seems that the world
supply is not as great as forecast
ut does not seem that putting fan,
on the free list will have much a.
feet. The bill provides that flour shan
be admitted free only from countrias
which admit American flour free. So
Argentina and Canada, under tbeir
present laws, still have to pay duty
No other countries are likely IN oy
port wheat this year.
Rice still is protected by Sc cents
bushel duty, and the crop has how
cut very short by floods In Louisiana
and East Texas, which sections grow
most of the rice the United STATES
produces.
I'VE look for a sharp advance n
rice, and shrewd jobbers are making
their purchases now.
--latest advices from Brazil mint
to short crop of coffee, and the mar.
ket 1t seems probable, will continus
TO rise. Our correspondents in New
Orleans advise early purchases nc
likely to result in economy.
1T is bull year all around For.
tunately, Georgia is in excellent posi-
ton. The 'bulr market in cotton IL
providing the State with the wher.-
withal to pay for other expensive
commodities, and a great deal 20
spare. Georgia is lucky in having
grown a big crop Of corn. which is
extremely expensive this season
Money which in past seasons has gone
out of the State for horse and mule
feed this season will stay at home
Trade is decidedly brisk. The de-
mand from the country has exceeded
all expectations. This undoubtedly a
because retailers were caught with
bare shelves, and, to tell the truth
wholesalers are much in the SAM
plight. This is another reason for ad.
vancing prices. Premiums are paid
FOR immediate delivery"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
Slow Demand Due to Expected
Action by Congress and Re-
adjustment in Europe,
SHORT TERM NOTES STRONG
Cash Calls for These Are Heavy.
BiIIion-DoIIar Financing in
Foreign Situation.
BY CHARLES w. STORM.

In theory the demand for long term
bonds Is good, but in practice il is
bad. This, according to an important
banker. is "a summary Of the present
demand for bonds.
Falling off In the purchases OF long
term securities Is due to the eXpeCta-
ton Of unfavorable legislation by
Congress during the next three or
five months and a disposition to await
further clearing up Of ahe Europe
banking situation.
The investment market, however,
IS not dull by any means. Persons
with ready cash are buying short term
notes and high grade equipment trust
certificates running from three to five
years. The demand Is greatest for
the very short maturities.
Note Prices Move Up.
Prices of notes have moved up as
result of the buying movement
which IL coming from individuals,
banks. institutions and trust COM
pennies. who. while anxious to have
their funds earning more than per
cent. are not disposed to allow them
10 rest in long term bonds. as ex-
perience has shown that first ella ~
notes always have ready market
here and In Europe at times when
concessions in price
Leading bankers do not look for
Improvement In the bond market
until early next yeai and the better
ment then is not expected to be re-
ilected I'm Il very strong market, be-
cause Europe, II IS estimated. VIII
have to do new financing to the ex-
tent Of abput 81 200, 900, 600
Need Lnds Abroad.
This financing will have to he done
on an attractive basis and naturally
will divert surplus foreign offerings.
Until Europe floats its new offerings
and there is "a readjustment between
the borrower and the lender OF money
no unusual strength Is expected foI
long term bonds
The absorption of short term notes
has reduced the yield on high class
Investments Of that character "a
about is and Ia per cent, com
pared with about IL per cent a few
weeks ago. The shelves OF tho hank
ers and dealers are rapidly beins
depleted of notes and equipment
trusts and no new large issues are
expected in the immediate future.
Although the Chicago. Milwaukee
and st. Paul will create cefunding
mortgage OF between $500, eco. 900 and
500, 900, 900. bankers DE- pot expect the
road to be In the market with any
new offerings this year
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
ROCK ISLANDS
SLUMP DUE To
VALID REASONS
Earnings of, Fares Cut, Rates
Lowered, Crops Smaller, New
Equipment Is Demanded. i.

CHICAGO, Oct. 11.-Troubles O.
Rock Island, which stock now ;!
kicking around" the bottom may %
summarized as follows:
l. President Mudge's estimate
that earnings this year Will be )
to s per cent less than last year.
?. Decrease in passenger mile
rate through reduction in passen-
ger fares from 3 cents to cents
mile in Minnesota, Missouri,
Oklahoma ard Arkansas
3. Decrease in ton mile rate
through rate reductions forced by
decision of the Supreme Court
and In minor ways by commerce
commissions decisions.
4. Slight reductions in traffic
on account of effects of the drouth
of the past season, not only in
smaller corn crop but in raising
OF livestock.
5. Increased expenses through
raising of standard of equipment
TO comply with the boiler inspec-
ton law and through expense of
equipping every locomotive in
Iowa with electric headlights.
6. Prospective financing.
Rock Island will do no financing be-
fore January 1, 1914, making such ar
agreement. in January, 1912, when Il
sold $20,000.000 debentures. In con-
sequence of sale of debentures and
this promise there has been stored
in the Rock Island treasury about
S10,O00.O0O first and refunding As
Soon after January l these bonds anC
perhaps more will be for sale.
Chicago, Rock Island and PncifiC
Railway Company, the operating
company, earned only about SO pei
cent on the stock of 1918. 1t paid al
but OF OF / per cent in dividends
Such dividends amounting TO pei
cent provided for the expenses anC
taxes of the holding company and al
interest on the bonds of the holding
company. with a surplus balance oil
about 100000.
Earnings of the operating COM
pany OF 4 "a per cent would barely
provide for interest, expenses and
taxes of the holding company. There
is no reason to anticipate that 4 "a
per cent at least will not be earned
during the current year.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
MOP's GrOWth
Bush s Victory
By BoERsIANER.

yHEN B. F. Bush was asked
w why he had accepted the
presidency of the Missou-
ri Pacific. with enthusiasm he re-
Piled My past jobs have not
been mental enough"
A mjsanthrope on hearing of
this muttered: He now has a
Job that will wreck his mental
ity."
The misanthropy has been re-
futed. Under the two years
stewardship of Bush, both Bush
and the Missouri Pacific emerge
triumphant DisconCerting def
cts have been turned into safe
SURPRISES. The $14,000,000 obli-
cation to the Gould family has
been paid. Freight is expedited
promptly. Passenger trains are
no longer derisively dubbed "Ho-
boes' specials"
Achievement Remarkable.
The achievement is remarkable
even for Bush, for whom Difficult
ties are inspiration.
Before Bushs advent the roads
heels. financially and physically,
shOne glaringly through the leath-
er. Those Who were ignorant of
the Gould tradition in regard to
Mop confidently announced a
nearby receiversh,p The equip
ment was so worn and the serv-
ice so uncertain that on 200 miles
of the system the Federal au-
thOrities forbade a run of more
than twenty miles an hour.
Rush Infusion NhaOpnI a
that. From earnings in 1911 of
$5,25O,O0 under fixed charges to
$E500,000 above liability obliga-
tions-not counting the Gould
debt cancellations-is the Bush
record, as disclosed in the annual
statement for the year ended June
80.
Efficiency has been raised to a
point where gross receipts per
mile of road Increased 10 1-2 per
cent and the net 81 12 per cent.
Has Proved Profitable.
Railroad routiniSis who have no
understanding of personality and
talent give credit of the better
ment 10 improved general con-
ditions" and to the semi boom in
the Iron Mountains territory"
The improved general conditions
did not prevent two other Gould
systems from going receiverward
and the semi boom in the Iron
Mountains territory-a subsidiary
of the Missouri Pacific-was one
of Mr.. Bush's several important
promotions.
Busn's promotion department
has proved profitably convincing
in the contention that it is not
necessary to go to over doomed
Canada, or to revolution ridden
Mexico for good virgin soil or for
very fair business chances. These
may be had In Arkansas.
Neverth eless. the bankruptcy
courts never threatened the Mis-
souri, Pacific. So long as there
was any money in the Gould fam
lily eXCheQuer the deficits of the
road were sure to be met. Jay
Gould set the example before and
shortly after the panic of 1898.
He paid unearned bond inter
est out of his private purse and
took the company'S notes for the
unusual advances He always had
inv ncible confidence in the pop
erty and transmitted the faith to
his eldest son, who twice kept the
line out of insolvency by doing
as his father had done.
Mop" : the one road that the
Goulds have always protected to
the degree of personal sacrifice,
and the latest yearly report JUS
tities the protection.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
st, Paul's Earnings
Reflect Good Crops
Best Showing Since 1910 Made With
Balance Equivalent to 1862
Per Cent on Common.

CHICAGO. Oct. 1.-THE splendid re-
covery in st. Paul's earnings in lis
last fiscal year bears ample testimony
to the traffic producing potency Of
the 1912 crops. Balance earned for
the SIG, 34S,200 outstanding common
stock was equivalent to S.62 per cent
against lean total of 1.56 per cen.
in the previous year. 1t constituted
the best showing since 1910, when
s.OS per cent was earned for the
stock.
Both gross and net established new
high records. Total operating reve-
rues were S94,084,054, compared with
SIS, 255. 355 for the whole system the
previous year an increase Of 1871 per
cent. Net was $31, 200,OS7, compared
with $22.00O171 in 1912, an increase
of Ais per cent.
The large increase in traffic OF the
st. Paul system compared with the
previous year is shown by the tacl
that total revenue freight carried one
mile was S.570,061, 900 tons, compared
with 6,576,226,000 tons the previous
year.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
1t is sometimes well to have a strong
man at the helm.
STANDARD STOCKS ARE
MORE WIDELY SCATTERED

NEW YORK. oct. l1.-An interest
ing phase of the market which Is the
subject OF inquiry in some financial
circles is the distribution Of stand
ard stocks Standard issues are more
widely scattered han ever before.
The ratio of Shareholders To volume
Of stocks OF such corporations as
the Pennsylvenii n4ilroad. New York
Central and American Telephone anu
Telegraph i known 20 rising. In the
case Of some OF the companies named.
il not all. there are more stockholders
names on the books now than ever
before.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
Brown Remains Head
Of Mexican Railways
Given Free Hand-Government Pays
in Gold $500 900 Interest
on Bonds.

MEXICO CITY. Oct LIE n
Brown will continue as president of
the National Railways
The withdrawal of his resignation is
taken to indicate that he will have a
free hand.
II was announced after the stock.
holders meeting that the payment of
interest on the general mortgage and
consolidated bonds. totaling 81 500 600
in gold, had been paid by the nation
al Government
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
MILLl0NAIRES KEEN TO
GET DIRECTORS FEES

NEW YORK. Oct. 1.-There are
many stories current in the financial
district which show the eagerness with
which men who have millions of dol
lars go after their fees for attending
directors meetings
For some reason these invariably are
paid in gold pieces There was a
meeting Of the Steel Corporation not
long ago which had just broken up
when one of the three wealthiest men
in New York ran into the room. call
ing TO the secretary as he headed for
the open board room: Don't forget
that / got here before YOU handed
around the envelopes.
one prominent barker receives on an
average 500 every Tuesday and We'd
nesCay from the various board and
committee meetings which he atterds
and his pockets on those nays bulge
with gold coins.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
CARNEGIE. ALERT AT IT,
LANDS 30-P0UND SALMON

EDINBURGH oct. 1l.-Audrsw
Carnegie. desoite his - years. is still
a keen fisherman. He was the prou6-
est man in all Scotland after landing
the finest salmon caught this seas ~
in the River Ship in Sutherland. 1t
weighed so pounds.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
SEEK FOREIGN STEEL

The Iron Age says: Apart from
Inquiries for foreign iron and steel
prices and the efforts of dealers on
this side to interest European pro-
ducers in American representation
there are no real tariff developments
in~he steel trade as yet"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
COTTON CHEAPER,
BUTMAY RECOVER
Much of Georgia Crop Sold and 1t Is Grading
Higher Than Western Product.
Bv NJ. A. ROSE.

Cotton the Oboggan- something like 81 bale from
the seasons high point
the Georgia crop however, has been sod and money
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
Occasional
Observations

Young George F. Baker is finding his
financial feet. His father, now
the most powerful man in Wall
street, is anxious to retire bit by
bit but is finding It hard to break
away The son has inherited all
his fathers fondness for specula-
ton, but whether he has also fall
en- heir to his dads genius has yet
to be demonstrated 'Tis said he
has been experimenting In the
stock market of late.
Hartman is being sadly missed The
vast Hartman properties are now
without a strong, resplute, respon-
sble head There IS to-day d.
vided authority-and divided
opinions one coteri,' wants a fat
melon" Another wants TO keep
every dollar intact. Poor Judge
Lovett is having trying time.
II Hartman had been alive. HE
would have promptly decided
whether stockholders would get
anything or go with empty pock-
cts.
Directors meetings were something ot
a farce when Hartman attended
which he usually did. other
members would sit around. twirl
their thumbs until Ed" appeared.
Without fuss he would walk
briskly up to his seat at the head
Of the table, patiently wait for
the preliminaries to be gone
through. then CURLY move that
so-and so he done. And II al
ways was done. He believed in
having his Co-directors vote FIRST
and talk after-ii they had a mind
to- as he was under no obligation
to stay and listen.
II is sometimes well to have strong
man al the helm.
An officer of a large Hartman rail-
road declares that owing to differ
ent State laws particularly I'm
Mississippi and Minnesota, the
company loses about 3l-2 per
cent of its gross earnings a year
in trivial damage suits
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12
THE PARCEL POST

practically takes our immense
building with its $4,000 square
feet Of wall-filled space and sets
it an / its splendid stocks rights
down in your front yard.
Alma record. (Alma, Mich.) 1878-1928, 1913-02-06

Dill, which he introduced, providing
for the creation OF a bureau of farm
loans by the United States government
to loan money to bona fde tillers OF
the soil, taking as security for said
loans farm mortgages"
Under the Bathrick bill the secretary
of the treasury would be authorized
and directed to prescribe forms. pro-
cedure and regulations for the conduct
of the business OF the bureau of farm
loans, to borrow money from time 10
time on the credit Of the United States
In whatever sums are required to make
the said loans and to prepare and issue
coupon or registered bonds Of the Unit
ed States. bearing not in excess OF !
per cent interest. payable annually and
redeemaDle as he may prescribe. pro
vided that the total sum due upon said
farm loans annually shall bear as close
relation as possible to the total sum Of
the redeemable bonds and interest pay
able thereon and that no loans shall
be made except to those actually en-
gagged in farming nor upon farm lands
which have not at least one-half of the
acreage under cultivation
1t is further provided by the Bath
rick bill that whenever the "comms
sioner Of the bureau Of loans shall have
ascertained that the value Of the farm
land offered as security is sufficient
and that the applicant or applicants
are possessed OF a good and sufficient
title to said property and are otherwise
legally competent to execute mort
gage thereon he shall, in written form
recommend to the treasurer Of the
United States that the loan be mad"
to said applicant or applicants. ant
the treasurer shall. upon receipt of tn"
mortgage, properly drawn in favor Of
the treasurer Of the United States, out
of the funds provided by this act pay
over to the mortgager the sum speci-
fed In the mortgage, but no loan shall
be made in excess Of 60 per cent of the
value OF the property, and the rate ot
interest on said loans shall not exceed
AZ per cent. The said bonds and
mortgages and the interest thereon
shall be exempt from all taxes and
duties of the United States as well as
from taxation in any form or under
state. municipal or local authority"
Alma record. (Alma, Mich.) 1878-1928, 1913-02-06
APPEAL FOR INDIANS
MADE BY valentine
Urges New Laws to Protect
Rights and Health.

Washington.-A strong argument for
the improvement and relief of the In
dian charges OF the government is
| made in the annual report OF the com
missioner Of Indian affairs to the sec
rotary of the interior for the year 1912
Just made public
The report is made by Robert q. Val
entine, who recently resigned the office
Of commissioner IA it plea Is made
for legislation along the lines selected
by President Taft, especially for larger
appropriations with which TO improve
the health Of and reduce the almost ap
palling death rate among the Indians
A feature Of the report is descrip
ton of the extensive property of the
Indians, which constitutes one of the
greatest estates ever held in trust by
any organization or government In
Guiding the land. forests, water power.
minerals and funds held in tribal or in
dividual ownership, the principal OF
the Indians amounts to approximately
three-quarters of Il billion dollars, the
interest and rentals on which amount
to approximately $12,0O0.O0O.
The commissioner declares that edu
cational opportunities must be taken
to Indian children who are not yet in
school. Industrial impulse and OPP
portunity must be given TO those who
do not now value their possessions.
They must have effective protection in
their property and personal rights.
medical attention and hygienic instruc-
ton. Thousands Of Indian families
must be provided with sanitary homes.
He urges an appropriation Of $780,
900, as advocated by the president in
his special message, for the Indian
medical service He reiterates state
ments presented to congress by the
president that the death rate among
the Indians is 100 per cent Of that
among all other classes and that the
mortality from tuberculosis Is three
and one-half times as great