davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Restrictions Imposed on
Longer Term Paper.

Where the reserve bank has more
than SO Ia per cent In cash against
its outstanding demand liabilities, eN-
elusive of its outstanding Federal re
serve notes by an amount 10 be fixed
by the Federal Reserve Board, II may
discount such bills Of exchange where
the maturity does not exceed 100 days,
hut not more than half Of such paper
so discounted for any member bank
shall have maturity OF more than 90
DAYS The member hank may also dis
count arceptanCeS of banks which are
based ON the expectation and impor-
tation Of goods which mature in not
more than six months. and which bear
the signature Of one member bank in
addition to that Of the aCCeptpr, but
the amount SO discounted shall not
exceed one-half of the actual stock OF
the member hank for which such re
discounts are made.
These notes or acCeptauCcs coming
into the hands OF an ordinary ma
tiunal bank would be Endorsed and de
livered TO the reserve bank as cOl,at-
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Open Market Provided
For Exchange Bills.

Under this power there is an open
market provided for handling bills OF
exchange and making available for
American use, or establish foreign
market for such bins Of exchange. and
obtaining money at low rate of in
tcrest
Under Section IA. any Federal re-
serve bank
Upon the Endorsement OF any
member bank . may discount
notes and bills OF exchange arts
ing out of commercial transac-
tiOns that is notes or bills of
exchange issued or drawn for aE-
ricultural industrial or CONNER
Cial purposes, or the proceeds Of
which have been used or may he
used for such purposes. the Fed
eral Reserve Board to determine
or define the character Of such
paper This paper must be Of
short fixed maturlty-not more
than 90 days"
II is obvious that there Is no limita
ton upon this discount power eX-
Cept thar the reserve bank must keeT
33 3 per cent gold or legal tender
against its demand liabilities
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 Of
living is not due to causes in any way
peculiar to Atlanta, but to conditions
which are Of national and even in
ternational scope" remarked W. NJ.
Burke. Of the II. H. Whitcomb &
Burke Co. grocery brokers. No. 149
Madison avenue.
ut may be true that meat prices
in Atlanta are higher than in any
other city except Boston, as the Gov
eminent report indicates. l do not
know the answer to that. But meat
prices, all the way from Bangor t.
Seattle and between. are too high. The
reason is scarcity Of cattle.
Take Libby, Mcneil & Libby as
examples. The firm is unable 20
make full deliveries Of its canned
products just now, simply because it
can not get the raw materials in suf-
flcient volume Other ackers are In
the same plight.
The shortage is so acute that It
now is profta BILE to import fresh beef
from Argentina and Australia Lib
by's now are bringing large quaint
ties from South America.
Between 100000 and 100000
pounds Of fresh beef, practically MI
from Australia and Argentina, en-
tered the United States IN the last
three months, indicating that he To-
tai for this fiscal year will exceed
100000 pounds.
Prior to 1912 the importations OF
fresh beef averaged about one-third
Of a million pounds per annum.
The import prices range from APP
proximately cents to 10 cents per
pound, the average having been from
Australia SO cents per pound, from
England 90 cents per pound. These
are the figures Of value in the cOun-
try from which the beef is sent to the
United States. and do not include the
cost Of transportation or the tariff u
1-2 cents per pound
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Atlanta to Front in
Boston A. B. A. Meet
Bids for 1914 Convention. and Has
Member of Currency Commits
sion in Delegation.

Unless President Wilson succeeds
in making the Senate move much
more rapidly than il has shown any
signs Of doing, currency reform will
stiu be an open question when the
American Bankers Association hol Is
its annual convention in Boston, begin
ming october 6 This means that the
discussion Of the Owen Glass bill,
which has heretofore been confined to
committees and conferences, will
come before the entire membership
for the first time and will overshadow
other questions before the association
Joseph McCord, of Atlanta, will
take prominent part in the discus
sion, as he is member of the cur
renCy commission. Atlanta will send
strong delegation, as it is bidding
for the next convention.
The program for the convention has
Just been announced by the secretary.
Colonel Fred T.. FarnswOrth, who was
in Atlanta last week, and at the open
ing session Of the convention October
8. following two days of COMMITTEES
and section meetings A. Barton Hep
burn viii present the report of the
currency commission, OF which he is
chairman A general discussion viii
eusue, led by members of the COM
mission.
Another important matter that is Ia
come before the convention is a gem
eral revision Of the associations CON
stitution, on which a committee has
been at work
Joseph Chapman. vice president OF
the Northwestern National Bank of
Minneapolis, will report for the COM
mittee on agricultural development
and education. Among other speak
ers, James J. Hill will deliver an ad-
dress on Agriculture in the United
States" and DIR George f. Vinceu.
president of the University Of Min
nesota, win follow with an address on
The Tendency Toward Practical Ed
ucation."
William j Burns, Of the William J.
Burns National Detective Agency, viii
address the savings bank section. In
the clearing house section Carl Mey-
er Of Chicago, viii read a paper on
The Incorporation Of Clearing
Houses" An address on Extension
Of Clearing House Examinations" be-
fore the same section IS also sched
uled. but the speaker is still to be
announced.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Senator Owen Explains Currency.
How Banks VIII Handle Paper
+.+ 80
Federal Reserve Assures Safety
Author Of the Measure
Clears Obscure Points.

Just how banks will 90 about
their dealings with the new Fed
eraI reHerve banks is d question
Of keen interest to bankers and
also 10 the mercantile commu-
nifty.
The handling Of commercial pa
per under the Owen Glass cur
rency bill is point on which en-
Iightennent has been sought re-
peatedly
Senator Owen, who was a bank
er, and who 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
Ne1Os of Finance, Industry, Crops and Commerce
Battle Raging for
Financial Throne

All unknown to the public a
battle is raging for the financial
throne vacated by the late J. P.
Morgan.
His firm has had the worst Of
the first skirmishes.
The most powerful rivals have
greatly strengthened their hold
upon Americas railroads, whereas
the Morgan grip has weakened.
Following the scuttling Of New
Haven, Morgan & Co. may seek to
stand from under New York Cen
trail. It's finances are becoming
oninously unhealthy.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
PUBLIC IS BEING
ATTRACTED To
COTTON MARKET.
Lack of Leaders Only Prevents
Lively Bull Campaign-FanCy
Spots at Sixteen Cents.


NEW ORLEANS. sept L0--Iao
rains recently reported I'm the western
BELT which .aH-.. declining tn
g"hrH Do IH" maFNfl last week no"
nave ilrn'. na' Z" 30. % nu.Ish 4rLd-
mDnt .- Do. continued precipitation
has resulted i'm considerable damage
fn Oh" open cotton in That section.
Reports "l cotton sprouting In me
boil as % result n' continued ana *
a'Sslvo moisture ar" coming lu from
Texas ana th. t..1Iut. So lHaf Il Won q
seem the injury done 20 'hr crop D.
the urnuiH is beng compI" cd by 'te
prolonged spell 81 wet Wta ihcf.
Liverpool had been rather naiffer-
'Hi To- the reports oi damage 10y rams,
100 was Hn'nluS THIS Week. ana cd
ni"- received from leading Liverpool
houses stated mat IN" advance ON
That side had been caused by una
Norah'n crop news from Texas and
Arkansas Speculative buying on "a
larg. scale was reported 10 be "a ie3-
iure of the trading IN the English
market, and ln TINS market also spec
u.dtINc buying recently has been OF
larger proportions than Tor many
months past.
N"r, u not tor The uncertainty re
EaFG.ng the outcome ui tho anll-op-
ton legislation no" ncndlnE IN Wash
lugton bun campaign or me lli9t
luaEultno' would hng"uhlcoIL De on
In New Orleans and New YORK. as II
ls. leading long interests are difhld TO
commit themselves too heavily on the
hulI side, fearing a BODY hioW To the
market from Washing
Scalp the Market.
consequently, the bulls, with a SIT
uation winch points To muoh higher
level OF values later on IN tho season.
nave SIMPLY botu sealplhg the mar
kct on the long side, being content
To huN ON declines ana sell on mou-
crate advances.
The outside pubic, however, rs De
ginning 10 nlhhi" at the market IN a
way that suggests an ouLburst nf
speculation on the long side n the
hull leaders would only pass the word
along to get into the anne good and
strong. News from Washington re-
SenlN mas ht'h "l@llh'lE tdNpIdut
IN regard TO the prospect ot the clarke
bill being amended IN conieren 'e
committee so as 10 legali2e future
trading as conducted under the rules
and regulations OF the New orleans
Cotton Exchange. Definite arli"n hH
The conference committee puiilnI the
QUletus on the Clarke hill IN ITS pres
Ont form, would he TN" signgI FOR the
Inauguration OF q bun campaign "a
the cotton market
". =. Brown. one OF the bun lead
vrs of this market ls In New York,
where he rs reported To nave made big
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. IT the reserve bank wanted to
get Treasury notes on these bills Of
exchange and acccptauces, 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 i'm ex-
change for a like volume Of these
commercial bills of exchange and &c
ceptances which he. Of course. would
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Southwestern Crops
Damaged by DrOuth
Schaff. Of M. x. & T, Glad If Road
Breaks Even With Last Year.
Rate Cuts Costly.

NEW YORK. Sept GO. e. Schafr.
president Of the NJ, X. y T, said
The country through Kansas. Okla
homa and some parts Of Texas is bad
ly burned up. In Texas the final WELD
u corn will Approximate only $4,000,
ooo bushels, the same as last year
Rate reductions VIII entail loss Of
about $75o.o0O to the Katy" accord
ing to Mr. Schaft, who says he will be
well satisfied II results break even
with last wear
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
RAINS INJURING
OPEN COTTON;
PRICES FIRNER.
BOIIs Rotti0g and SproutIng,
Staple Being Beaten Out, Say
Reports at Spot Market.

'As-'ii ms - bI. -Nr--''hf FAIIFIu-
has followed another. Long drouth
has been succeeded by excessive rains.
The cotton market in consequence.
has shown unusual strength
Rejoicing when the drouth was
broken turned to dismay when the
rains showed no let-up Very soon It
was realized that damage. not i'm
provemcnt would result from the
downpour. The combination Of drouth
followed by heavy rains was particu-
larly disastrous The droutn forced
the cotton open prcmaturcly and vita
a large percentage Of the boIIs in tine
fields open to the rain, damage 10
grade Of the staple was inevitable.
The outcome, SO far as the producer
is concerned, amounts to the same
thing Drouth threatened to cut
short the yield. The rains offset this
to some extent, but cheapened the
cotton already developed. The rains
will not reduce the number Of bales
materially. The famous storm year.
1906, proved this COnCluSively
Complaints have poured in from the
sections that have been SO heavily
drenChed The market has respond
ed readily and has stimulated buIIiSl
activity To a degrc that conservative
people fear is "a bit dangerous. II viii
take several days after the wet spell
passes before the real situation can
be asCertained Complaints have come
here of bolls rotung and sprouting,
.
en- out In those sections whe Q
growth had not been practically
stopped by the drOuth there win he
an added growth that win require
late frost if much fruit is not TO be
nipped.
Weevils Are Buster.
In the sections that have the WeCvil
increased activity by the pest is re-
ported, and the weeyils viii get prac-
ticallv all the late fruiting whe"e
they are so numerous
The effect Of the changed aspect ~
the yield situation. although it is
Just as difficult as ever to get an &C.
Curte lire on what the trade thinks
the crop will he, has been to make
the spot department Of the market
complex ideas are sitter AS to the
higher grades, and some increase i'm
premiums thereon has been noted.
Prospect Of Washington legislation
providing for the adoption Of Gov
ernment standards and the limiting
Of contract deliveries to a few grades
and those with ruling commercial
differences, has been a factor ~
strength in the contract market. such
a law would bo regarded as bulliSh,
especially If There is TO be big pro
portion Of low grades this season.
LAlAFs,r nH
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21

There will be plenty of fun on the MID
WAY, D." for some of the best shows in the bust
ness have been secured for this great event.
There will be the very best of the profession
on the MIDWAY and each and every show
will be Clean and Moral.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21

There will be more AGRICULTURAL Elk
HIBITS than were ever at the State Fair be-
fore. Each County is trying to Guido the 9th
err and the exhibits will be regular exposi-
ton of agricultural resources.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21

The LIVE STOCK SHOW will be the best
ever held in the State of Georgia. The finest
lot of Beef and Dairy Cattle in the World will
be Oil display
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
CINE PRICES EREE

Business men Of Terrell, one Of the
earliest cotton counties Of Texas. are
operating cotton exchange to fur
nish current quotations free.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21

The Greatest Concert Band in America
has been engaged for the State Fair If you
have not heard "SARACINA'S BAND" YOU
have missed a treat. This band has starred all
over the country and played to Standing
Room Only" houses. There will also be four
other bands on the MIDWAY"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
NEW GOLD FIND CONFIRMED

M G00Tg0 E78VN- |8n""I8U |0m-
mjssiouer of the Yukon. has wirC5
10 the Government confirmation of
the reported discovery Of Eol6 in
Alaska. close 10 the Canadian bound
Arizona republican., 1913-12-07
The Coming Residence Town
 of Arizona
A COMMUNITY OF FINE HOMES

VICE PRESIDENT MARSHALL purchased three lots here for his future home. This Is where the big WRITER'S CLUB, men of letters and affairs, have located winter CLUB HOUSES and HOMES. Scottsdalc, supcrby located perfect climate, pure water orange olive and fruit groves, green alfalfa fields center of rich districts and feeder fer the Paradise Valley. The spot of all the southwest se- lected by big men for climate and for financial profit. The place for you to get NEST EGG FOR FORTUNE.
 EASY TERIS-We are offering these choice Scottsdae lots easy terms and at extremely low price. Prices S125.00 and up per lot $10 down and @10 per month. Five per cent off for cash 2I2 per cent off for half cash payment.
 BUY NOW Make reservations from plot above and write at This is a opportunity for investment that will mean big returns in the near future. & Land Company The city, oO' s9ip bsaul5i sD9[I healthy to be queeno of the
Arizona republican., 1913-12-07
BUSINESS LOOKED UP
 FOR JACOBS AGENCY
Thc Past Week Was Stirrinu
 Period

The past week proved to be lively che in the real estate office of Fred 19cobs in the Empress Thcatcr build ing. Besides number of sales that this office made to outside parties tl.e several men in this office have demonstrated their confidence ia tacir own lIne of work by purch4s:ug several pieces of real estate
 Fred Jacobs purchased from ". G. Tcllcson the rcsidoucc property con s.stinS of large modern scvcn-room brick house. with two lots. at Port land and Twelfth street
 C. O- Birch of this office purchased from Ellen \. (. Slean from Con nocticut the vacant property at tho corner of Twelfth avenue and FiII- more street. This is very prcttv corner and will make a good site for residence purposes. C. O. Birch also Gu~chascd from \. c. Moore lot 2c cf Diamond Heights.
 Fred Jacobs sold Curing the week the Ed Rudolph residence property to Mrs. L. K. Huckaby. woman from Prescott This is a lot with n splendid modem sIv-room brick house nicely located at 1910 West Fierce street. This property is also improved with q t,.o-story raras and sleeping apartments. Mrs Hook aby will lease the property at pres ent, but will probably live here at a Iatcr date
 C. Q. Birch sold for William H. Tucker to " Keys. lot F ia Capito,a Place. This lot is improved with n reat two-room cottage.
 This firm also sol' several lots r., Logan Lockard-lct 22 in Diamond Iicishts and lot 13 in block 34 ia Capitol addition.
Arizona republican., 1913-12-07

The Chinese divide the entire day into twelve parts. each two houre long. -.4MsaST5&
Arizona republican., 1913-12-07
SELLS PAGE FENCE TO
 BENNETT LUMBER CO.
'. w. Coverdale, Agent for Last Ten
 Years, Dispose5 of Interest

After representing the Page fence IcopIe for eighteen years, Captain J. ". CovcIdale has disposed or his agency to the Bennett Lumber Com rany. The Bennett Lumber company has long handled ths famous line of fencing but only through Mir Cover dale and now that they are direct i.ctorE agents will devote especial attention to developing Che sale of "IaBc' in their district. Their dis t1.buting territory, in which they are exclusive jobbing gents, is larger than many states including the .ovnties ot Maricopa. Yavapai. Co- ccnino. Navajo. Gila and Yuma
 Page k 10 woven wire fencing what the word Winchester is to rifles, in fact 50 common is the word that In many localities # is used to de scribe any make Of woven wire fenc- ing. T. is the original mesh fence and in Michigan there atlu maN be seen fences that have been up for over thirty years. Captain CoyerdaIe 'aa sold an enormous quantity of "IaIe" .n the eighteen years of his agency. sufficient. t IS estimated. to fence on both sides lane reaching from Phoenix to Los Angeles
Arizona republican., 1913-12-07
MISSOURI PHYSICIAN
 BUYS STOCK RANCH
P"Tt Of Walter Benrctt's Tract in
 Cartwriqht District.

one of the recent sales of consid- efabIe interest in Phoenix is that of eighty acre. Of tho Walter Bennett stock ranch in the Cartwright dis r,ct The purchaser is well known -HIssouri physician, Dr. Everett Allen. "ho came to this valley early in the -all with his family, and after con siderable investigation decided thar the inducements for pleasant life in Salt River Valley exceeded anythine ever seen elsewhere.
 The eighty acres in question is one cl the best pieces of ground in the west part cf the valley. It is all in alfalfa Of the finest stand If ts fenced to be used to the best ad vantage for stock raising The price raid was $12,O00. Dr Aliens family IS at present living in Phoenix and re has two sons in 1he Phoenix high school The splendid school system was one of the things that surprised and highly pleased Dr. Allen.
Arizona republican., 1913-12-07
SCHOOL HOUSES ARE BUILDING
 ALL OVER STATE
Leschcr and iKbbey, Archi- tects of Phoenix, Have Large Complement of EX- pert Craftsmen at Work on These Plans

one of the best signs of the won derful growth of Phoenix and all Arizona is the amount of work be- ing done in the offices of Lescher &. Kibbey. architects. This firm special izes in school houses and public buildings and at the present time las q force of seven draftsmcn at work-aIl nigh salarIed men. The men were brought from California and the east and most of them have either bought or will buy property in Phoenix and remain permanently. Until a year or so ago practically all the good work, specially in school houses. was turned over to CalifoI- Lla architects and. consequently. all the money for architectural fees left the state. Lescher X Kibbey. how eyer have been demonstrating to the public that they arc just as compe- tent to do the work as outside archi- tects and are gradually getting more and more of this desirable class Of building. wf
 The principal work now in progress of completion is:
 A new courthouse for Mohave county to be built at Kingman, Ari- zona. to cost $65, ,O00. This is to b. fire-proof with outside walls of matne tUfa stone-a modern build ing in every respect
 \ new grade school building to be built at Mesa. Arizona. ao cost S65.- 00G. IL is to contain sixteen class rooms auditorium, principals offices manual training and domestic science
Arizona republican., 1913-12-07
LAND AUCTION SALE
 IN TOLLESON TOWN
Many Business and Residence Lots
 to Be Sold.

Several real estate auctions are scheduled for the early season. One that is attracting considerable attcn- tion is the big auction sale of lots lo be held at Tollcson next Thurs day. December II. Arrangements have been made for rates on the buckeye railroad of 5 cents for the lcund trip, train to leave at ten o'clock and return at four o'clock. Tree lunch is to be provided at noon and a band will be taken along to furnish music throughout the day. Ory hundred business and residence iots, and 40 acres cut into Ia. 2I. and 5-acre tracts, will hc offered on eIsy buying terms. Toueson is l3- cated ten miles west of Phoenix The Buckeye railroad is on one a.d. and the Yuma state highway is ou lie other side of this new promising town X lot of improvements and buildings fave already been com pieted
Arizona republican., 1913-12-07
PROSPEROUS WEEK
 SOUTHWESTERN B. 8I. CO.
The Southwestern B. & l. Co. Re-
 ports Business Good.

They will break ground Monday for a $45o0 house facing south on Roosevelt street Each house this company bHIlds. en6eavors are made to put in the latest features that Have proven satisfactory and are helps 10 the housckeeper Furnaces cay and night bot water systems d'sappearing beds. latest in sinks. the best plumbing fixtures and every tlinS to make the homo attractive.
 North Fifth avenue is being gray eied, which will make q drive directly through the middle of the tract from Roosevelt street to the Mcdowell road. Pictures of soms of the houses this company has built in Kenfi- worth and general view of the Eact are being shown at this office. Mesa and the Gilbert school at Gil bert Arizona
 The New York Store is also being built under the supervision of this firm.