davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16
England May Stop
Emigration Frauds
Austria's Action Against Canadian
Pacific Now Regarded as Step
Worth Following.
Special Gable to Tho American,

Special Gable to The American.
LONDON, Nov. 15.-The drastic ao-
ton of the Austrian Government
against the Canadian Pacific Railroad
Company, which at first aroused a
cry of indignation in this country, is
apt to lead to an official investigation
on very similar lines into the methods
OF emigration and passenger, agents
in England.
While Austria saw IN the methods
Of the Canadian Pacific a conspiracy
based on Russian gold to rob her of
young men who were to serve in her
army, and eventually perhaps fight
the armies of the Gar, the complaints
against emigration agents here Is that
they use tricks worthy of confidence
sharpers to lure poor and compare
lively poor people into buying tickets
for trans oceanic paradises which
have no existence but In their own
imagination.
John Burns for one is determined
to have the Government introduce a
bill for the purpose of preventing
emigration agents from making profit
out of the deception of the ignorant
poor by inducing them to buy pas
sages to countries where there Is no
need for workers.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16


AS America has the loosest and
therefore the worst currency methods
Of any 1rst-class power, 30 It has
the most disgraceful pledgeshop
system" in the world. In this coun-
try the temporarily and tho perrnn-
nently poverty-stricken are 1t the
mercy Of usury that is unparalleled In
history and that has no counterpart
anywhere on the globe.
There has come to hand tho annual
report for the 1878 period of the
Monte de Piete of Paris
II is strictly official document that
must be dry as dust to the average
reader since II is made up of dull
tables and cold statistics showing re-
ceipts and expenditures, the former
amounting to III, 697,392 francs, q
surprising revenue for a pawnshop In
one city Of thrifty France. But back
of the bare rows OF figures is a story
by which America should profit.
Government Owns pswnshop.
lie Monte de Piete Of Paris Is a
pawnshop owned, controlled and man
aged by the Federal Government of
France. The Government reserves to
Itself the pledge shop business in the
French capital The institution is
constituted of the chief heads, three
divisional quarters and 20 branches
The general, or active, manager Is ap-
pointed by the President of the Re
public. He in turn is supervised by
board governor made up OF the
Civil Governor of the Paris District.
tho Chief OF Police, three Aldermen
and four Representatives Of the
Chamber OF Deputies.
All employees. appraisers, clerks
and bookkeepers are selected by the
Civic Governor. The maximum rate
Of interest is per cent per annum
and the profits OF the establishment
are divided among the charitable in
stitutions of Paris. Everybody is a
welcome borrower, for the shop will
advance money on anything from
Government bonds to a pair of wooden
socks In every instance as much as
possible Ia lent on the article offered
for hypothecation.
Kinder Than Wise.
As rule, the Government Is a
kinder than wise aunt" (the French
equivalent for our "uncleD, hence the
net receipts for yearly distribution
among eleemosynary institutions are
not as large as they might be.
Paris authorities mix sentiment
with business in this matter They
know the poor and tho poors miser-
les; so they stretch several points to
be helpful in all dire cases OF which
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16
Lovett Finds West in
Estate of Hesitancy"
Despite Signs of Prosperity, He De.
clsres the Business Interests
Are Still waiting"

NEW YORK. Nov. 15.-R. S. Low
EFT, chairman of the Union Pacific
Railroad, declared upon his return
from a six weeks tour OF inspection
that despite the signs of prosperity
in the West, there is feeling OF
hesitancy entertained by business in
teTests.
This is very prominently indicated
in the decided falling off in lumber
traffic" said Judge Lovett. THE
sugar beet industry representatives
say they must wait to see what eff
feet the removal Of the tariff will
have. They do not believe the in
dustry will be crushed, but are very
sure the grower will have to accept
a lower price for his beets and It is
doubtful whether the consumer will
pay a much lower price for the sugar
The wool growers, another big factor
IN our traffic, are in Just the same
position They are going to wait"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16

tho Latin Quarter provides a fair
quota
One Is constrained to remark, pa
renthetically. that the so-called gave
ty and alleged brilliancy OF Bohemia n
life the youth Of day is led to
believe in should be corrected by a
picture, the colors Of which Monte de
Piete, the insane asylums. the hos
pitsls and the morgue can furnish.
In all the other cities and towns Of
France the municipalities control and
manage tho 2awnshops, which are
modelled In manner and method upon
that Of Paris. On the Continent Sta g
control of this industry is general.
In certain sections of Germany, Aus
tria and Italy the rate Is limited to
per cent year.
English Laws Strict.
Great Britain is the only European
territory where the pawnshop is not
directly In the hands of the State. bHt
while there the business liz privately
conducted, the laws governing 1t are
strict and the inspectional powers OF
the police prevent the cruel and ex-
tortionate explorations that prevail
In the United States. Should ever the
business OF lending to the poor In
England degenerate to the barbarity
of American conditions. there is a
swift and sure remedy-the Bank of
England could, and probably would,
open a huge pawnshop. which 1t may
do at any time, pursuant to it's char
ter.
And yet the ancients were more
considerate Of the lowly borrower
than are France, Germany and Italy.
The Ancient Laws.
Moses forbade the taking of interest
Among the Romans, Emperor Angus
tus converted the surplus issuing to
the State from the conflscated prop
erty Of criminals into fund from
which money was lent without inter
est. The early Popes sanctioned
pawnshops on the stipulation that
money be advanced to the poor with
out a premium, and the authority and
comparatively modern times
In China there have been pawn
shops for 5000 years, and to this day
the yearly interest is limited by the
State to 3 per cent, and pledged ar
ticles must be kept three years.
With such examples, pa st and pres
ent. before them, no American states
man has ever moved to legislate the
american pawnshop into q benefcent
institution.
Apparently the thing 10 too low,
too far down to be seen.
HE that humbleth himself for the
humble in the council chamber OF the
great shall be blessed of the people.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16
.U.S. CORN CROP!
.S1,741,353,019
ARECORD VALUE.
Falls 500,00O,00o Bushels Be-.
low 1912 ProductIon-Potatoes
Cost 24c More a ~Bushel.

WASHINGTON. Nov. t5.-Based On
the Department of Agriculture's est.
mate of 7o.7 cents a bushel, this years
corn crop, although some 500, 1000, 600
bushels below last years record OUT
put, will be the most valuable eres
produced. It will be worth s1.T4ls
S53 019, against $3.50, $4,000 In 1914
Crop progress reports issued to-day
by the Department show an increase
Of 100000 bushels Of corn over
prospects of October l. Further Ina
creases are expected in next months
final estimate. Drouth damage his
Kansas hardest, with a reduction Of
1913 bushels per acre, compared with
last year, while Missouri's yield per
acre shrank from 80 bushels, in 1914
to 17.5 bushels now.
Buckwheat totals 14,455,000 bushels
against 19,249,000 bushels last ysan,
but it will bring 75.5 cents per busheL
just 10 cents per bushel more than
1912.
Potatoes will cost "a cents g
bushel more, while the yield is sa,-
$4,000 bushels less than last yeart
but the quality may compensate
partly, with s9.3 per cent.
This year a measured bushel Of
wheat will be 5S.6 pounds, compared
with $50 pounds in 1912, while tho
price-one of the few which is less
than last year's-is II cents per
bushel, against 1873 cents the pre-.
vious year
Oats will bring 37.s cents a bushel,
against 1876 cents, while q bushei
will be lighter by nine tenths of a
pound. Barley has gone up, accord,,
Ing to estimates, cents per bushel,
while rye will cost cents less than
last year.
Hay, which yielded es,460, 900 tons.
compared with 1881, 600 tons lask
year, will command a price of s12.aS
per ton, against $11.80.
Even tobacco has dwindled to soSI.
$4,000 pounds from last years nees
ures of 962.S55,000 pounds, although
the yield per acre was 1898 pounda
against 1855 pounds last year and
S24 pounds as the ten-year average
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16
THE USE OF
CHRISTMAS CARDS

Never in the history of the develop
ment Of social customs have Christ
mas Cards been so much used as they
are to-day.
The custom is almost universal and
is extending each year; fact that Is
natural when It is remembered that
his is the least expensive and most
delicate means of conveying our
share in the sum total of Christmas
happiness.
While ready-made cards for this
occasion are offered for sale at many
places, these are not so much in
demand now as those which are
specially engraved Cards for Christ
mas Greeting should express ones
individual taste in as great a degrer
as a cordial personal greeting. and
this can only be accomplished
through the medium OF card en-
graved in accordance with your own
taste In arranramo~t and artistic eff
feet.
Tho most satisfactory results can
be obtained by consulting the ]. P.
Stevens Engraving Co. AZ Whitehall
street, Atlanta. who viii send sam
pies of the very latest styles-send
DAY so that the work can be made
I'D for you in ample ums.-AdT.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16
Georgia Farms Face
Shortage of Seed
All Varieties Finding Ready Buyers
and Demonstrators Dispose Of
Their Entire Supply.

ATHENS, Nov. 15.-Reports from
farm demonstration agents reveal that
there is widespread shortage in various
kinds of seeds which the farmer wants
to plant this fall. Good rust proof seed
oats are not 10 be had in soma places.
Many farmers have sown vetch this fall
and many more would have had they
been able to buy It. Burr clover, which
is not an uncommon crop. is not found
on the markets in Georgia and a great
number OF farmers who had counted on
sowing H., have had to wait until the
seed can s}t had
A fancy for crimson clover has been
strongly developed in sections of Geor-
ga this fall. but not all the farmers who
would have sown could find the seed
Good seeds OF every kind have found
ready buyers in Georgia this fall, indi-
eating that high priced cotton is not
weaving the farmers away from their
purpose 10 diversity their crops,
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16
FISHER TELLS
REASONS FOR
BOND DECLINE
Increasing Demand for New Cap.
itaI and Diminishing Supply
Causes Market to Sag.

NEW YORK, Nov, 15.-Deputy
Comptroller Edmund D. Fisher do
clares the most discouraging factor
In municipal financing, or in a., type
OF financing during the past few
years, has been the rather steady de-
cline in the price Of high-grade bonds
from causes entirely apart from con-
siderations involving the credit of in
dividual cities or individual corpora
tons Mr.. Fisher said this tendency
has been caused by the increasing
demand for new capital and its di-
minishiDg supply. 1T is expressed"
he asserted, by high interest rates,
high commodity prices, and lower Sc
curity values. Fundamentally. 1t has
been caused by lessening volume CT
production and a waste of surplus
capital. Rela lively, prices also have
been affected by the Conversion\ of
fixed forms of investment, through
banking loans, into check currency,
thus increasing the spending tenden-
cy, with its corresponding effect on
prices.
Legislation Will Aid.
COrFeCllOn OF these difficulties IN
the United States will come in part
from the passage of pending legis-
lation. The reserve plan of the pres
ent national bank act, although It has
developed the time and call money
market for the investment banker,
has also tended to bring frequent
periods Of restriction in his business.
The investment banker Is primarily
interested in the continuity of good
business, In the reasonable stability
of prices and in giving satisfaction
to his customers. Present practice
brings him none Of these desirable ell
ements.
The Glass Owen bin will not pre-
vent the investment banker from Dor
rowing money on securities during
the time they are in his hands for
placement with the ultimate investor,
but Will remove the tendency to slim
ulate prices through a 5plethoric
money market. Under the influence
of the new credit and currency law,
which gives fairer opportunities for
the development of business enter
prises throughout the country, there
will come increased wealth and rev
opportunities for the investment
banker, This win come through
broadening demand for investment
securities, and municipal bonds will
again take the place they once held
in the investment market"
Length of Issue of Securities.
Discussing the length of issue of
municipal securities, Mr.. Fisher said,
In part: There Is much to be said
in favor of financing loans required
for public improvements on a short
time basis in anticipa ton of future
hnnd So las ~ thncn IN
a period OF more than one year. This
principle was recently adopted by
Comptroller Pendergast of New
York. Short time notes OF this char
acter usually can be negotiated at low
rates of interest so that money for
public improvements can frequently
be obtained in advance Of a bond sale
at lower rates of interest than the
bonds themselves would carry
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16
eus by Experts of Finance Industry Crops and Commerce
Light Buying by Spinners
Tends to Aid Cotton Bears
Extensive Long Interests Can Not Withstand
Attacks and Margin Calls-"Spots' Firm.

MEMPHIS, Nov. 1b.-With wealth
er relegated to the background as an
influence affecting the price OF cot
ton and the traders unable to agree
as to the probable size OF the crop,
there has been a disposition during
tors. Much concern has been felt
in some quarters as to the outcome
OF the Mexican situation, although
many people think this has been
more an excuse than e. cause for the
bearishness among the speculative
element. While it is felt generally
that the situation is serious and
fraught with much trouble, few peo-
pie have believed that there was dan
ger of hostilities or that 1t was q
matter to give concern to business or
trade interests. The fact that the
spinners have been buying only mod
erately Of the actual has been more
help to the reactionists.
One big factor in the reaction Of
prices to a level about Sc bale from
the seasons highest was the tech
meal condition of the market. An
extensive long interest had accumu-
lated, much Of It held by people not
in position to withstand bearish at
tacks and large margin calls, The
wave of pessimism that spread
throughout a considerable part OF
the business world, centering large
ly in the big money centers, encour-
aged liquidation by these interests.
The issuance of some bearish crop
estimates and the coming of the CEN
sus figures on ginning larger than
expected. or indicated by the private
estimates, added to the reaction and
caused the spinners to adhere to their
waiting attitude. Having bought
freely since the season opened, they
were in position to bide their time
and give the market test, even
though the experiment prove a little
costly.
Spot Holders Not Scared.
The holders Of spots and the pro-
ducers, however, did not take fright
at the markets reactionary tendency
and the spot centers did not reflect
a willingness to quit the fight and
turn over their unsold crop at what
ever prices were offered. The heavy
movement and the attractive price
naturally induced much selling. but
one of the main factors in checking
the decline and causing some re-
bound from the lowest levels was the
independence shown by the pro-
ducers. Having sold SO freely al
ready, and at prices that turned loose
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16
Compensation Act
Is Expected to Pass
Justice TO the Workmen viii Be
Secured, Declares Senator
Sutherland, OF Utah.

WASHINGTON, Nov. l5.-The en-
actment by Congress OF a nationa
workmen's compensation act by De-
cember is the firm expectation OF
Senator sutherland. OF Utah, chair
man OF the Commission on Employ
ers' Liability and Workmen's Com
pensation Laws
Passage OF such a measure was
held up by the last Congress through
the adjournment of that body while
the Senate was dlckering over some
House amendments to the. bill. The
legislation had been previously
passed three 10 one.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16

vast sums for relieving financial OBJ
legations, something like 5000, 600
bales having been marketed at an
average price of about IS cents a
pound, or $65 q bale. the farmer was
not between the mill stones of ne
cessity. Moreover, he was not over
awed by the enlarged crop estimates.
which were accepted so readily by
the professional speculative element
Also he could not see why the spin
ming world should have been SO badly
fooled as to the probable supply and
needs as to hive bought so freely at
very high prices and then suddenly
quit buying when few crop guessers
announced .heir belief in a yield Of
100000 OF more bales. The facts
were largely against such q view.
Short Crop Expected.
The actual figures as to the move
ment Of the crop from field to mar
ket and from thence to the mills point
undeniably to belief on the nart Of
the spinners in the supply being well
below normal requirements. There
has been no year when spinners have
taken so rapidly of the crop, and the
strength shown to date indicates that
there Is room for doubling that the
price discounts the shortage, provided
there is not q mistaken basis IN con-
sidering supply and demand. The
next few weeks will perhaps see crop
ideas pretty well settled for the next
ginning report and the Governments
quantita tive estimate will tend to
clarity the situation. Then the course
Of prices will revolve largely around
the general state of trade over the
world and the policy Of spinners as to
buying their needs
About the middle OF the week there
seemed tendency to turn from tho
extreme estimates, encouraged by ad-
vices from many directions telling Of
rapid progress in picking and the
small amount left, and It had its ef-
feet on speculative sentiment
Another thing that contributed
somewhat to the covering by some Of
the traders who had sold short was
the intimation that the committee of
the New York Cotton Exchange, hav-
ing in charge the fixing Of grade
differences for contract deliveries,
would in its report, due November
10, increase penalties on the lower
grades, thus lessening the chance Of
using them as a hammer for depreSs-
ing contract prices. In view OF the
large proportion Of low grades in the
crop and the domination of the New
York contract market over sentiment,
the report Of the committee may
prove quite important.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16
frisco Stockholders
MakeNixonPresident
New Board Of Directors is Chosen
at Annual Meeting of tho
Railroad.

sT. LOUIS. Nov lS.--w. c. Nixon,
one of the receivers Of the St Louis
and San Francisco Railroad, was
elected president at the annual meet
ing of stockholders.
Among the 2S7, 900 shares repre-
scented three large blocks were: $, w.
Fordyce and A T. Perkins, commit
tee, 102, 600 shares; James Campbell.
81 900, and b. +. Yoakum, $4,000.
The directors chosen we're; Thomas
II. West, w. X. Bixby Albert T. Per
kins, S. W. Fordyce. w c. Nixon, w.
h. Biddle, James Campbell. Festus j.
Wade, Alexander Douglas, H IL.
Pierce, John 7. Harris b. f. Yoakum
and r. p. Cheney
The board chosen viii have no voice
m the conduct of the railroad unless
the receivership should be dissolved
within year.
Mr. Yoakum was reelected CHAIR
man of the board
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16
BUSINESS NOT
DEAD IN MEXICO
DESPITE WARS
Mining ParaIyzed, but Foreign
Trade Grows Under Extremely
Adverse Conditions.

To the many in the United States
who think OF Mexico as a land in
which all business Is paralyzed and
the home Of people who do little else
than fight among themselves, a re-
cent report from United States Con-
sui General Arnold Shanklin, stationed
at Mexico City, to the Department OF
Commerce at Washington, stating
that Mexico's foreign trade last year
was valued at $253,0O0,0 900, United
States currency, will come az a dis
tinct surprise.
Mr. Shanklin does not paint the sit
uation as bright or very hopeful, but
probably not nearly so gloomy as
many in this country have come to
think. OF course, conditions are
worse in the Southern Republic now
than when the year began. The pres
ent trouble, he points out. really be-
gan as early as February, 1912, and
continued to increase through the
year, causing business depression.
Many OF the large mines were forced
to close down for lack either of la
hor or of railroad transportation for
ore
Trade Shows Growth.
In view OF these conditions the sur
prise will be that anything like the
amount OF foreign business was done
in 1912, when 1t exceeded that of the
year before by nearly s10,000,000. The
1912 imports into Mexico were valued
at s93,0OOO00, and the exports at
$4,000 900.
Quite as interesting as the figures
themselves is the fact brought out by
Mr.. Shankln that the United States,
in spite of the suspected Ill feeling of
the Mexicans toward Americans,
bought more from Mexico and sold
more to Mexico than all the rest of
the world put together.
while the foregoing figures" OBJ
serves Mr.. Shanklin, SHOW decrease
of more than $6,000,00 in Mexico's
gold exports, the exports Of silver and
other products show a really remark
able Increase under the circums tances.
Henequen Price Rises
"The increase In the value of vege.
table products exports, in spite of dis
turbed conditions existing throughout
the richest agricultural regions, is &C
counted for by the greatly improved
price of henequen, which Is the prtn-
cipal export OF Yucatan. That sec
ton was not greatly affected by the
revolutionary disturbances.
1.-THE budget statement of the Min
lister of Finance for the fiscal year
1s1S-1914," Mr. Shanklin continues.
SHOWS that great progress has been
made in the cultivation and produc-
ton OF wheat in Mexico; 80 much so
that 1t Is estimated that the produc-
ton for the present year will equal
the demands of the homo market
Present conditions, however, do not
point to the fulfillment of this hope"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16
American Cotton Oil
Earnings Cut Down
Small Likelihood That Dividends on
the Common Stock Are To Be
Resumed.

NEW YORK. Nov. divisions OF
dividends being resumed on the com
mon stock of the American Cotton
OIL Company are dispeled by the
report for the fiscal year which shows
3.3 per cent earned on the shares
compared with Ia per cent i'll the
previous twelve months.
Fronts were $630,3S9 smaller, and
surplus. after deducting the preferred
dividend, amounted to $6S4,19S, a de-
crease of s630,3S9
r. F.. Munro, president states there
was a reduced foreign business by
the retineries because of existing high
values, but the domestic trade pro-
vided good markets, absorbing all oil
offered, leaving smaller stocks of oil
on hand than usual at the close of the
season.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-16
Business Ban on
Gray Hair Removed
Cleveland Men Form an Organize.
ton for the Relief of Young
OLD Fellows.

CLEVELAND, Nov. 15.-Prelimi-
nary plans were made at meeting
here and a permanent organization
formed to establish an employment
agency for elderly men who find that
few gray hairs and other signs Of
age make Il difficult TO obtain work.
Neatly dressed men, with a brisk,
alert manner made up the l9rger part
of the assemblage. which gathered in
response to the call to perfect an or
ganization TO remove the business ban
on young OLD men"