The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-04-15
GADSDEN DISTRICT
CONFERENCE MEETS
Birmingham Ministers Are
Attending Meetings in
Alfalfa

Alfalfa. April 14.-{special. THE Gads-
] den district conference of the Methodist
church is in session here with Rev. Joe
r. William presiding. Rev. A L. Math-
ison preached the opening sermon last
| night, and DIR. J. T. Simpson occupied
the Il o'clock hour today.
The morning session was taken up with
the report of the pastors in the district,
which shows good progress from most
| places. The afternoon was given over
to the laymen in charge of Prof. L. Nj.
Stephenson. The conference is being well
| attended with number of visitors In
evidence. TIL following are the visitors;
DR. j. ID. Simpson, J. w. johnson. j. b.
| Cummings, R. M. Archibald, J. w. Nor
ton, j. Nj. Glenn, l X. Waller c. Wolford
| of Birmingham. DIR. j. F. Chadwick of
Nashville, ]. G. Wilkinson of Ragland.
| w. Il. Faust and Prof l.. A. Stephenson
of Roanoke.
| The night service will be given over
to mission with Rev h, NJ. Archibald in
charge. DR.. ]. F. Chadwick will preach
at II o'clock tomorrow. Tho morning
session was opened by an old-time love
feast. The conference will adjourn
| Thursday night
| -~~~-~-~~~-~~
| ISOLATION of Mr.. Lamont with this work
| will furnish another evidence that the new
generation of bankers and financiers is
worthy to succeed the generation which
| numbered among its members some of the
worlds great financiers and constructive
| intellects.
Two Per Cent and Six Per Cent
| American financiers who are familiar
with the money markets of London IS or
40 years ago used to say that John Bull
could stand almost anything. but he could
not stand per cent. An investment
which did not yield better than per cent
was something which England regarded
| as an absurd financial proposition. Re-
| Gently intmations have come to the
United States that the sentiment ex-
pressed in the statement that John Bull
would not stand the per cent is also a
| sentiment which in spirit pervaded the
| English money market and probably the
| English treasury at this time England
will not look with complaceney upon the
marketing of her securities in the United
| States upon a per cent basis. England
has not often been compelled to pay as
| much as that for money. To pay per
cent seems to be an implied imputation
upon her credit, although it is nothing
/ of the kind. France, Russia and other ma
| tons are willing TO pay per cent or more,
| and If the rate which predominates in
| financial transactions behind which stands
| France or Russia is at least per cent
| that establishes the market figure. No
body knows, excepting the few who are
| justified in knowing, whether or not there
| Is little friction in London lust now re-
| specting American negotiations Some
what detailed reports have come in which
! the limitations are strong that there is
4 Sat. 10 IA A
| ably due to the fact that the same John
| Bull who in former years would not stand
| 2 per cent now is reluctant to stand 6
| per cent.
Pres. Elliott and Pres. Kingsley
| In the address recently delivered by
Howard Elliott at Norwich, Conn, he was
quoted advocating a department of
| transportation under the federal govern
ment and favoring federal incorpora-
| ton of interstate railroads. President
Elliott is regarded in financial and rail-
| road circles as already justifying the
choice made of him largely on the rec
| ommendation of Theodore NJ Vail, as the
| successor of Charles s. Mellen in the
| presidency of the New Haven railroad
| system. 1t looks today as though Presi-
| dent Elliott was going to achieve sue
| cess, and when he said that the New
| Haven Railroad company was solvent he
! spoke as one having authority and also
as one in whom the people of New Eng
| land have confidence. If President Elliott
| works out the salvation of the New
| Haven system he will have achieved one
| OF the greatest triumphs which ever came
| to the hands of a railroad manager He
| knew he took a desperate chance when
| he accepted the presidency, yielding his
| con Portable post as president of the
| Northern Pacific to do that.
| President Elliott's proposition that a
| department of transportation be estab-
lished at Washington is in line with the
recommendation made year or so ago by
President Darwin p. Kingsley, who is
president of the largest life insurance
| company in the world. He. too, believes
that it is not only expedient, but will be-
come imperative, that the federal gov
| ernment take over the supervision and
regulation of the life insurance companies,
/ thereby relieving the companies of the en-
! barrassment caused by many and varied
panies of the United States are doing a
| national, even international, business.
| They are responsible for insurance In ex-
| ures which tell of their resources, their
| total and their yearly business can be
| compared for magnitude only with the
yearly record made in the Clearing House
association of New York city 1t is spok-
| en- of as a highly suggestive fact that a
! railroad president of the authority of How
ard Elliott and life insurance president
| of the authority of Darwin p Kingsley
| should be of the same mind respecting
the exercise of federal authority over the
f.FHa~f