The Lee County journal. (Leesburg, Ga.) 1904-19??, 1914-04-16
CREDIT OF GEORGIA
IS BEST IN YEARS
ANNUAL REPORT or STATE
TREASURER sPEER SHOWS
STATES FINANCES GOOD.
STATE BONDS SELL ABOVE
Safeguards and Protection Are Thrown
Around states Public Debt by
Sinking Fund.
-Atlanta.

Speer in his. annual report now IN tne
course Of preparation.
Colonel Speer calls attention to the
fact that the temporary loan Of last
year. amounting to $4,000, and which
for the first time in the states his
torv was in excess Of 100000, was Sc
cured from the local national banks at
per cent This was done at time
when interest rates we're high, but the
Atlanta banks charged only 3 per cent
It is an interesting fact that two OF
These banks are not state repositories,
hence their act was one evidently OF
pure patriotism helping out in a time
Of temporary stress. The banks were
at that time themselves paying 4 IL
to s per cent. for money.
Treasurer Speer calls attention to
the fact that Georgias credit is on
plane as high aslthat of any state in
the Union. Her bonds, whenever Of
fered. are taken as safe and profitable
investments free from all taxes
1T is fact greatly to Georgia's
credit" says the treasurer, that it has
never in all its history had to sell its
bonds for less than par or face value,
which is due to unusual safeguards and
protection thrown around the public
/ debt by the sinking fund provision in
the state constitution"
This remarkable credit which the
state possesses is greatly strengthened,
he states, by the fact that under the
state constitution all of the public
property Of Georgia, which Includes the
Western and Atlantic railroad, esti-
mated to be worth. at least $2O,0O0,0OO,
is held in security for the bonds which
bear Georgia's name.
The entire amount borrowed last
summer, $475,0OO, went to pay Geor-
gia's faithful and hardworking teach
ers.
Gambler Not in Governors Race.
Notwithstanding the general impress
sion that he could win handily, G. Muir
phey Gambler of Decatur, chairman Of
the state railroad commission, is not
likely to get into the gubernatorial con
test.
Mr.. Gambler is intensely interested
in much important work which the
railroad commission has under way,
especially the proposed revision, Of the
commission tariff classifications. He
also feels that having served but half
of his six-year term on the commits
sion it might be improper for him to re-
sign.
Mr.. Gambler has replied to dozens
Of letters urging him to enter the race
for governor. These letters came from
citizens Of twenty-one counties and in
answering them Mr.. Gambler indicated
that at the present time it was not his
intention to enter the race for COVER
nor. He thanked the writer's for their
proffered supper tand kind references.
Mr.. Gambler has made the same kind
Of reply to several delegations Of citi-
zens who have called upon him and
urged him to enter the lists; all OF
which is taken to mean that he is not
likely to run,
sIaton Signs Pension Warrants.
Governor Slaton signed warrant
for the payment of the last of the
Confederate pensions for 1914, the
amount being $2S2.25. The law re-
/ quires the payment of the pensions
mot later than May IT, and this final
settlement was unusually well in ad.
vance Of the final date.
travelling Men Win.
After seven years of strenuous light
ing between the travelling men Of the
state and the railroads, an agreement
was reached before the railroad com
mission which win permit the sale Of
''stop-over tickets on all railway lines
The "stop-over'' ticket ends the long
dispute. Travelling men are elated
over the victory Under the agree
ment, the railroads will restore within
the next ten days all former inter
changeable mileage which was remov
ed from sale after the commission
order some time ago to the effect that
mileage be pulled on the trains, which
order was upheld by the supreme
court.
The new stop-oVer tickets VIII Us
put on sale by June / at all regular
railway ticket offices. and will be sub
ject to the usual rules and regulation
pertaining to the checking and trans
portation of baggage and effects.
The "stop-over" ticket means thai
its purchaser, if he. for an Illustration
be en- route to Savannah, can stop ovel
at any of the intermediate points fol
period Of five days. without beint
forced to buy another ticket.
Mo suffragette Parade in Atlanta.
The women of the three suffragis
associations of Atlanta win not hav'
the street parade planned for May 2
but they will have interesting exer
cises, devoted to the cause. in com
pliance with the request from the ma
tional headquarters Of the association
that May be observed as Woman
Suffrage day.
State Fruit Crop Not Hurt.
The fruit crop Of Georgia passes
safely through the recent cold weathe
and the danger now is a thing Of tai
past