davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
Income Certificates Not
Liabilities. Court Rules
State Mutual Life Wins Decision of Interest to
All Insurance Men.

ROME. March 7--Judge Moses
Wright, in Floyd Superior Court. tins
afternoon announced his decision In
the case of j. d. Lochridge, of Doug
las. against the State Mutual Life In
surance Company of Rome. The court
refuses to appoint a receiver for the
company and dissolves the temporary
restraining order issued by Judge Ben
Hill, of Fulton Superior Court, several
weeks ago.
The restraining order Of Judge Hill
merely forbade the officers of the
company from departing from the
regular routine of business and had
no effect upon the affairs of the com
pany, which went on uninterrupted
and will continue so TO do. Lochridge,
a former general agent of the COM
peny, is the holder of income certii-
Gates of the State Mutual to the
amount of $4,000, which he accepted
upon surrender of an agency contrast
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
News and Notes of Finance and Commerce
Stocks End Steady
After FURRY Over
Break in st. Paul
Opening Is Weak at Decline, but
Prices Harden Later, With
Reaction.

NEW YORK, March T--Wall Street
obtained better understanding over
night of the nature of the criticism
of the st. Paul road by the Interstate
Commerce Commission. A realiza-
ton that it involved intricate matters
of accounting on which opinions may
differ was beneficial to the general
security list.
After a weak opening. which was
characterized by declines ranging
from large fraction to point or SO,
with an extreme break OF ga in st.
Paul. prices hardened on the Stock
Exchange and then reacted sharply.
Business was on a scale of increas-
ing activity. Bear traders took ad-
vantage of thesinitial break to retire
short commitments and some buying
of better character than of late was
influenced by the reaction.
After the first rebound following
the opening decline trading quieted
down and the market in the latter
half of the session was an orderly
affair.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
Slight Slump Cotton
Prices in New York
Outside influences Make Discussion
on the Floor Pessimistic.
Liverpool Steady.
BY EDWARD Low RANLETT.

NEW YORK, March There was
gloom aboard the cotton ship to-day
and the price level for the cargo as in
dictated by the future contract market
sought lower levels. Floor discussion
seemed to be pessimistic on cotton large
ly because of outside influences which
continued against higher or buoyant
markets in other directions.
The opening Of the market was barely
steady, at an advance of points to a
decline of : to points in the late
positions. At that time the Liverpool
market had closed steady with an over
night decline of from to points Spot
cotton in Liverpool was duh at 3 points
decline to 6.96d for middling, at which
price sales of 1000 bales were made
There was some local rain in the
South Atlantic States Friday night. In
the main, however, fair weather pre-
vailed The indications for tomorrow
promise little change. The precipita-
ton has been quite sufficient for some
time to come.
The crop is already backward, and a
prime necessity for the remainder of the
month is dry weather and higher tenn
peratures,
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08

munity is terrified by the prospect Of
crushing and distasteful new tax
alton, Income tax, taxation on capt.
tai or unearned increment, all those
new forms of taxation have fright
ened the whole country to a stand
still, and until this question is set
tied one way or the other, there is no
hope of recovery. Besides. the
elections in the spring also have a
chilling influence on the disposition
of business people. Not much hope
for the present, as you see"
Wall Street Nervous.
From all that / have said, you will
gather why security quotations have
moved nervously during the last
week
In addition. there were incidents
which sent individual issues down
sharply, such as the exacting of ex-
traordinary terms by the bankers who
agreed to lend Chesapeake and Ohio
$33, 100000 for five years, and rumors
that Baltimore and Ohio might also
have to jeopardize it's dividend dis
bursements in order to obtain needed
! financial succor.
Without doubt, much was done by
the railroads in the past that now
appears questionable, II not distinct
! ly wrong. If the governmental AL
! thorities chose to burrow deeply into
! the records, they would undeniably
find a lot to Criticise.
| But would the good effects of sucn
muck -Taking outweigh the evil?
Would the hundred million beings
| in this country be helped TO find more
work or to draw better wages by re
| opening old sores?
l ask these questions rather than
answer them.
But is it not possible to prevent fu-
ture misdeeds without, perhaps,
achieving much of value, but entail
ing nationwide disturbance by ra6-
ing up the past?
We have reached the stage where
these questions ought to be calmly
considered from the point Of view OF
the greatest good for the greatest
number.
Prosperity can be purchased at TOO
great a price, of course. doubs,
however, whether hundreds of thou
sands of heads of families should be
thrown out Of work and the business
of the whole country retarded for the
sake of infiicttng upon a number OF
| constituencies flimfiammers the pun
| ishment they richly deserve.
After so doleful a dissertation
would hasten to add that America is
not going to the dogs. She should
under the stimulus Of our new cur
rency system and our semi compel
tive tariff, forge confidently ahead
once the Government removes its gr'p
from the throat of business,
| Securities may go lower before they
go higher-the poorer ones are al
most certain to. But the best Amer
lean bonds and stocks are on an at
tractive income basis and are bound
to show market profits sooner or la
ter
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08

these and other unfortunate
Washington developments alb
sorb time and vital energy which
employers could use, for the
greater advantage of themselves
and the whole country, in fur
thering a revival in trade and
in employment.
There have been other disquieting
happenings which can not be laid to
the door of the politicians, but to GER
tain financial institutions.
The stirring of the Rock Island
cesspool has raised a bad odor. Fol-
lowing so closely upon the lamentable
New Haven and Frisco disclosures,
the Rock Island affair is naturally
creating widespreadgdisgu and un-
less the hooters of the once sound
property can be punished and dis
graced the public may insist upon
legislative acts not calculated to
arouse the enthusiasm of investors.
Aristocrat Road Accused.
And now comes the Interstate Com
merce Commission with the serious
charge of financial irregulaFity
against the aristocratiC Chicago, Mil
waukee and St. Paul Railway. a
charge that Immediately upset the
whole speculative market and caused
drastic falling in st. Paul shares.
Moreover there arc fears that the
commission will throw a bombshell
into the New York Central camp, as
it is believed there are little inside
to $11a
Vanderbilt family not in harmony
with modern ideas of railroad and
financial ethics.
The daring exploitation of Chicago
and Alton may also be dragged to
the front.
The weak position of Gould proper
ties Is also exciting comment and
concern.
All this is not conducive to conf
dence.
Europe is Disturbed
Furthermore, European centers are
becoming disguised over our railroad
scandals, some of which have entailed
upon them very serious losses. Eu-
rope is also exercised over the grave
disturbances in Brazil and the acute
ness of the Mexican impasse, while
trade there is receding very notice.
ably.
A well informed London friend
writes me privately: Don't expect us
to buy American stocks for a long
time Frisco, Rock Island, Wabash
10 saw nothing of Denvers and others
to GOMEZ have siCkened Europeans
thoroughly. American bonds giving
good yield. however. can be sold mere
almost any time"
From a favored source in Paris,
| have received the following illumt-
mating dispatch: "The financial prob
| lens our Government has to solve to
balance the 1914 budget are so diff
! cult that the whole business com
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
Few Bulls in Wheat;
Crop Is Favorable
Corn Shows Considerable Irregular
ity-Stronger Market for Hog
Products on Big Buying.

CHICAGO, March Only few
backbone. as well as ample financial
backing. are to be found in the wheat
market at Chicago. There are many in
the trade who are talking bullish on
the situation but these men are of the
kind that would like to see prices higher,
but they do not care to buy enough Of
the grain to cause an advance.
Conditions surrounding the cash
wheat market at Chicago. as well as
elsewhere in the United States, favors
the short SIDE. and crop conditions were
never more favorable for the bear than
at the present time,
The corn market showed considera-
BILE irregularity, closing lower for the
nearby futures and a shade better for
the deferred.
There was a stronger market for hog
products on further buying by the big
packers who were on that side of the
market yesterday Cash trade was mod
crate in both lard and ribs.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08

which he held under the company'e
former management.
His suit was a petition in equity
wherein he sought to have the income
certificates recognized as a liability
and TO collect on them. Other income
certificate holders, whose holdings g
gregate more than 100000 took a
different view from Lochridge and
petitioned the court by Intervention
not to consider the income certificates
as liabilities.
The case is of more than local in
terest and Importance in that the de-
cision fixes the status of income GER
tifcates, form of security that mas
been used by a number of other
Southern insurance companies. The
decision of Judge Wright sustains the
contention of the State Mutual, that
income certificates are not a Habit
ty and therefore establishes beyond
question the solvency of the company.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
cuRa ouorATloNs.

NEW YORK, March Speculation
on the curb market opened heavy to-
and losses OF from . to 30 points were
marked in the oils. Close:
Bay State Gas. p n y: 100 British
American Tobacco. 23M2Sh; STANDARD
oil, 1923 bid; $500 Riker- Hegeman, SQ
soiidnted Arizona, " ar; Davis DAILY
1&m15s: Giroux. lG1ia; Greene Cana
nea sass 100 Kerr Lake, 4 1864 ~
LaRose. 1908 Mex. Oar. ] 3-l6@
~: Nipissing, 6N 06M; Ohio Copper
%mIb; Tonopah Ext. th9tss; United
Copper. had; United Copper preferred
SOS; 70 Yukon Gold, $685..
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
AIS FRASER STREET
DpPOSITE PIEDMONT
PARK.

brTW ZEN Twelfth, Thirteenth and
fourteenth streets, on Piedmont
,enue we offer a number of lots,
|, by coo feet each, ranging in price
lam Sis to $3.50 per foot. These
p,s are the only available ones in
Ris section suitable for high class
Iomes. This property mas plenty OF
Ibade trees, faces east and beautiful
b'edmont Park, Atlanta's most val
|abIe mark. This park gives a per-
Event outlook, and should make this
|ronertv doubly valuable for homes.
Fbis fact will be appreciated when
lon rake a look at the average crowd
Il residence street. There is no
Ioncrty anywhere in Atlanta that is
Edte as desirable for apartment
|orses as this. The price on these
lis will range from about $500 to
10000,
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
NEW YORK BANK STATEMENT.

NEW YORK. March THE week.!
statement of the New York Associated
Banks shows the following changes:
Average statement:
Excess cash reserve, s19,213,60; de
crease. S9.776,500
Loans. increase, s25, 900.
Specie, decrease. 81. 652, 600.
Net deposits, increase. $1S.7i4, 900.
Circulation. decrease, 1888 900
Actual statement
Loans. increase, $27, 4sS, 000
Specie, decrease, $4.S74, 900.
Nef deposits. Increase. $40. is4, 900.
Reserve edcrease. s90S9, 800.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
coEFEE

quiet again to-day and after opening
at a decline of 5 points showed COM
paratively little feature. Speculative
interest is lacking. The close was
steady. No. Rio, &c. Closing bidsl
March, S5SGS.60: April, 8.66@S.6S; May,
s74MS.75; June, S.S3@S.S5: Juyl, $3.50
$685. August, 9.01@9G S; September, 90s
@9.11: October, 915G9.16; November,
9 .19Q921; December, 9.24@9.26; January,
9.2799.29; February, 9.31Q9.S3. Total
sales, $3.50 bags,
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
IN PLEA FOR. BUSINESS,
FORBES URGES CESSATION
Of FINANCE MUCK RAK|NC
Let the Dead Past Bury It's Dead,
He Entreats, Believing Situation
Demands Nursing Rather Than
Drastic Operations Just Now.
By B. G. FORBES.

NEW YORK March If business and workers
the turn their eyes away from the laundering
unsettled activities of the nonproducersthe politicians
United States would quickly emerge from depression and offer
poymnt every willing take off his and become
duSriouS.
Washington still holds things back
The administrations difficulties Mexico to multi
ply its active stock cotton and grain exchange bulletins
disturbing and gratnosy the delay announcing the per-
sonnet of the momentousy important Federal board ag
the prevailing uncertainty the Interstate Commerce Com
mission dawdng the epochal freight
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
341 SIMPSON STREET

PA FEET FRONT-This is an entire
block on north side of Simpson
street, between Davis and Edwards
streets; extends back 1870 feet; con-
tains an old stone house, which rents
for SIS; lot is elevated considerably
above street level We will sell this
block for $4,000, on terms of one
fifth cash, balance in four annual
payments.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
coTToN SEQ on.

NEW YORK, March THE cotton
seed oil market was dull, with prices
steady owing to the absence of selling
pressure and the firmness in the crude
market Close: March. 7.200724i
April, 724@730; May, 7.35d7.36; June,
744@747; July, 7.45d756; August, 7.6i
@766; September. 7.67@769; October,
barrels
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
REAL ESTATE FOR SALE. REAL ESTATE FOR SALE.
Forrest & George Adair
1913 FRASER STREET

N,75O-This lot is 80 by zoo feet, run
ming through to Reed street. The
house on the rear, known as Nos. 81 =
IS Reed street. The property now
rents for SIC month, but could be
made to bring more rental. Terms
one fourth cash, balance three an
nual payments.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
119 BEDFORD STREET

$S50-A three-room house on the
north side Of Bedford street, be-
tween English avenue and Franklin
street. The house has been thorough
ly overhauled and put in good condi-
ton. The lot is A by 100 feet with
alley in rear. Terms: $10O cash and
$40 per month, with Z per cent in
terest
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
10 WAVERLY WAY

$1,000 new five-room cottage in
Inman Park. Lot Al by 125 feet
faces east on Waverly Way. between
Edgewood and DeKaib avenues. The
house has every convenience and
rents for $3.50 per month. Can sell
on reasonable terms.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
3O4 THURMOND ST.

S,2oo-Corner of Thurmond and Vine
streets; lot 90 by $50 feet, giving
room to build several more houses.
A good place for someone who wants
to keep teams on lot. Terms, $500
cash, balance SIS per month.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
6 WAVERLY WAY

$9,000-Between Edgewood and De-
Kalb Avenue, in Inman Park. "A
new fve-room cottage with every
convenience. Lot al by 125 feet.
Rents for $26.25 per month. We can
sell this place on reasonable terms.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
MONEY AND EXCHANGE.

NEW YORK, March 7,--Posted rates:
Sterling exchange. 4.S4h Q4S6h. with
actual business in bankers bills at 1880
for demand and 4s365 for 60-day bills
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08

NEW YORK. March Bar silver In
London to-day was unchanged at 253sd
per ounce. To.day's New York price
was unchanged at 5Si4c. Mexican dol
lars were 45A CASE
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
eANK CIEARIN0s.

NEW YORK, March Bank clear
inRs to-day $303 253, 079 against $2Sg,-
$3.50 a year ago, an increase Of u.s.
556. 9S5.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
EAST AVENUE

"a EAST AVENUE-We offer c
.w six-room cottage with all con-
,uiences, on lot 81 by 104 feet. This
,me is Just a block off the Highland
-cnue car line, and is within two
ocks of the new city school The
1 is elevated, giving a pretty view
the surrounding country, which
in always be permanent. Price,
,500. Terms can be arranged just
lie rent,
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
POO LAWTON ST.

5O8-.A six-room cottage Just half
"a block north of Gordon street, in
ne Of the most delightful portions
West End This house is occupied,
I east front lot, so by $50 feet; and
as all conveniences.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
Grain quotations;
cHIcAeo cAsH QUOTATIONS..

CHICAGO, March Wheat: No. ?
red. 941s @95; NO. 3 red, 93@94: No. q
hard winter, S9q92%; No. hard win
ter, 91iaa92; No. I Northern spring,
a6m961 No. 2 Northern spring, $50
95%; No. 3 spring. 90.
ss G9gF si No. S SsHi0 ESQ 81 40 Sa WI Thite
57659 No. 4 white. 60@621s; No. yell
low. 571a@6Oh.
oats: No. 2 white, 4O4@H; No. 3
white, SS&G39h; No. white, SS93SA;
standard, 40h @401S.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08

e NEW YORK, March THE naval
stores market was generally unchanged
to-day
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08

Government BONDS.
NEW YORK, March 7.-Government
bonds were unchanged. Railway and
other bonds we're irregular.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
1873 JACKSON STREET

s.50O-Here we offer home that al
so has the qualities of sn invest
lent, being close in and in an eX-
Plent home neighborhood. The house
Pnts for $500 year, making it a
be income proposition, as well as q
bod home. 1t is right at the juno
|on of the Highland avenue and
bckson street car lines.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
LIVERPOOL GRAlN.

LIVERPOOL. March Wheat closed
unchanged to "a lower.
Corn closed unchanged.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-08
SOUTH SIDE

O. 375 WASHINGTON STREET -
4Lj by 195 feet; nine-room house.
ice, $500. Terms.
0. 421 CAPITOL AVENUES by
200 feet; ten-roo house. Price,
500. Terms.
o. 395 CAPITOL AVENUE by
zoo feet; ten-room house. Price,
0lO Terms.
Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1914-11-13

Hargreave covered a good deal o
ground. but during all this time hi.
right hand never lett the automatic il
his overcoat pocket. except at thos,
moments when he was obliged 10 sign
his checks. He would shoot and mako
inquiries afterward.
Far away a young girl and her
companion got on the train which was
to carry her to New York, the great
dream city she was always longing to
see.
And the spider. wove his web.
Hargreave reached home at night.
He put the money in the safe and was
telephoning when Jones. entered and
handed his master an u~nstamped note.
Where did you get this?"
AT the door, sir. l judge that the
house is surrounded"
Hargreaye read the note. 1t stated
briefly that all his movements during
the day had been noted. 1t was known
that he had collected a million in pa.
per money. If he surrendered this he
would be allowed twenty-four hours
before the real chase began. Other,
wise he should die before midnight
Hargreave crushed the note in his
Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1914-11-13

disposal, sir, since that night you res
cued me-"
Well, l haven't the least doubt that
when I ask you will give
Without question, sir. 1t was al
ways so understood"
Hargreave's glance sought the mir
ror, hen the smileless face of his
veyed no sense of mirth; then he
turned and went down the steps slow
ly, like a man burdened with some
thought which was not altogether to
his liking. He had sent an order for
his car, but had Immediately counter
manded it. He would walk till he
grew tired, hail a taxicab, and take a
run up and down Broadway. The
wonderful Illumination might prove di-
verting. For Is years nearly; and
now it was as natural for him to
throw a glance over his shoulder
whenever he left the house as it was
for him to breathe. The average man
would have grown careless during all
these years; but Hargreave was not
an average man.; he was, rather, an
extraordinary individual. 1t was his
life in exchange for eternal vigilance,
and he knew and accepted the fact.
Half an hour later he got into a
taxicab and directed the man to drive
downtown as far as Twenty-third
street and back to Columbus circle.
The beWildering display of lights. how
ever, in nowise served to lift the sense
of oppression that had weighed upon
him all day. South of Forty-second
street he dismissed the taxicab and
stared u~ndecidedly at the brilliant
sign of a famous restaurant. He was
neither hungry nor thirsty; but there
would be strange faces to study and
music.
1t was an odd within. He had not en-
tered a Broadway restaurant in all
these years. He was unknown. He
Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1914-11-13

hands. Many times he had journeyed
to the school and hung about the
gates, straining his eyes toward the
merry groups of young girls. Which
among them was his, heart of his
heart, blood of his blood? That she
might never be drawn into this
abominable tangle. he had resolutely
torn her out of his life completely.
The happiness of watching the child
grow into girlhood he had denied him.
self. She at least would be safe. Only
when she was safe in a far country
would he dare tell her. He tried in
vain to conjure up a picture of her;
he always saw the mother whom he
had loved and hated with all the ardor
of his youth.
Many things happened the next day.
There was a visit to the hangar of
one William Orts, the aviator, famous
for his daredevil exploits. There were
two visitors, in fact, and the second
visitor was knocked down for his
pains. He had tried to bride Orts.
There were several excited bankers,
who protested against such large with
drawals without the usual formal an
nouncement. But a check was a
check, and they had to pay.