The Birmingham age-herald. [volume], August 09, 1913, Page 3, Image 3

About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950

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ADVISORY BOARD IS
APPARENTLY BEST
FOIL TO OPPOSITION
Believed This Feature Would
Make Currency Law Ac
ceptable to All Interests
PROBLEMS MET IN
FRAMING THE BILL
Demand Has Been Insistent That Con
trolling Body Be Entirely Out
side the Banking Interests
of the Nation
By HOLLAND
New York, August 8.—(Special.)—If the
banking and currency bill when it reaches
President Wilson for his signature—if it
does get to the White House—con
tains a provision authorizing the appoint
ment of an advisory body, membership of
w hich would be confined to men who have
gained well earned reputations as conser
vative and experienced bankers, then in
all probability much of the doubt and the
greater part of the apprehension which so
many bankers are now sincerely feeling
with respect to this measure would be re
moved.
The idea of an advisory board made up
of bankers whose responsibility would be
confined to the giving of counsel to the
federal reserve board which is to be the
supreme authority was first broached by
one or two Btudents of American banking
who have made a profound study of the
history of the beginning and the growth
of our banking and currency system.
These men wrere not themselves engaged
actually in banking. They were disposed
to recognize the political expediency, even
necessity, if the measure is to receive the
approval of the American public, of es
tablishing a supreme board of authority
wutwii »uum uc presumed to represent me
people. They took the view entertained
years ago by John Sherman when he said
that the treasury department of the United
States could not he successfully adminis
tered unless the Secretary of the Treas
ury recognizt*d the political relation of the
treasury department to the great public.
Mr. Sherman, as Secretary of the Treas
ury, approved tome things not because
he thought they were best for the treas
ury department, but because he believed
that there would be less objection to
them by the public than there would to
certain other measures which he regarded
as better looked at. solely from the point
of view of sound financial economy.
When Salmon P. Chase was Secretary
of the Treasury tie recommended some
things which at the bottom of Ins heart
and as an old time democrat—for he was
of that persuasion in his early life—he
could not heartily approve. Secretary
Chase had the gravest constitutional
doubts about th»* legality of the green
backs, which were government promises
to pay carrying a legal tender quality
excepting for customs dues. They were
really a forced loan, and the best authori
ties agretf that they added enormously to
the eost ,offthe war. Rut Secretary Chase
Lhlieved-and he was supported hi that
.view by President. Lincoln-that public
sentiment on the whole would support an
issue of that kind, and that those who
bad some doubts about the legality would
art!ether those doubts when told that in
any event they were issued as a neces- j
sarv war measure. Years later John
Sherman stated in public that the tide
turned in favor of the north when Secre
tary chase issued the greenbacks, and
that this issue was as much a political
expedient as a financial one.
What Public Sentiment Is
At the meeting three years ago of the
American Rankers’ association at New
Orleans there were many informal dis
cussions between bankers who as a whole
represented all parts of the union. While
considerable difference of view respecting
the adequate and desirable method of im
proving our banking and currency sys
tem was expressed, and while it was ad
mitted that the people would gladly ac- j
cept a measure providing for an improved
banging and currency system, ‘neverthe
less there was no difference of opinion on
tiie part of those bankers that the people
in many parts of the country, especially
the west, the remote west, the south and
southwest, would not tolerate any system
which gave exclusive control of banking
and currency in the United States under
national authority to bankers.
Late in the winter some of those who
have international reputation as expert
au.hority upon hanking, both American
and European, and who have made pro
found itudy of the history of banking,
were in inlormal conversation with some
wlip, it was expected, would serve as
members of the bunking and currency,
■— ■ ■ ■ ' .
Keep
Perfectly
| Cooll
We have the clothes for
A you men who want to be
* comfortable without sacri
ficing: smartness in dress.
*
- Prices Reduced
Most
Generously
Palm flearli, Ilueii, Molialr,
ami Silk ami l,laen Salta,
splendid assortments of
styles and patterns; all
sizes. Now to be had at a
price reduction of
25 Per Cent
Wear a
Bangkok
The classy, featherweight
Hat. worth $7.00 and $6.00;
your choice now at
Half-Price
Yeatman & Baugh
“The Shop ol Quality**
1902 Second Avenue
COOSA AROUSED ON SUBJECT
OF HIGHWAY IMPROVEMENT
Good water, August 8.—(Special.)
There is a great deal of enthusiasm
being manifested by the citizens of
Goodwater and the surrounding com
munities over the “good roads days,''
which they are planning to observe in
a grand style.
Petitions calling on the citizens to
join in the observance of these days
are being circulated and already have
nearly a hundred names been secured
among the citizens of the town.
The plan as made Is to have the
streets within the corporate limits of
the town worked on the 11th and the
roads radiating out from town worked
on the 15th, the citizens on these roads j
aiding in the work in town on the 14th
and the citizens of the town joining
in with them on the roads on the 15th.
In addition to the work to be done
on those special days a great deal of
improvement on the roads in the com
munity is being planned and which
will be called out within the next few
months, one of the first jobs to be
undertaken will be the construction of
a new road leading from Goodwater to
and intersecting the state aid road that
is being constructed between Rock
ford and Kellyton, which road from
Goodwater will be nine miles long
when completed. Something near $3500
has been secured by public subscrip
tion to assist in this work.
Never before have the people in
Coosa county been aroused over the
question of good roads as they are at
present. The proposition of' voting
bonds for the building of a system of
good roads over the entire county is
being advocated and is being enthu
siastically met with on almost every
hand.
committee of the new House of Represen
tatives. These expert authorities wrere
frankly told that it would be imprac
ticable to attempt to secure the consent
of Congress to any meapure of hanking
and currency reform unless such measure
provided for supreme governmental con
trol of the system.
That was purely a political point of
view; but, as John Sherman and Sal
mon P. Chase said years ago, it is im
possible to secure financial legislation un
less heed be paid to predominant and sin
cere public sentiment.
Mr. Chase was able, although with great
difficulty, to secure from Congress the
law by which our present national bank
ing system was established. But there
were senators who hesitated about voting
for the measure because they were fearful
that the majority sentiment of their con
stituents would not support them.
The late Henry B. Anthony, who waf»
for 30 years on© of the great intellectual
forces of the Senate, hesitated long be
fore he made up his mind to vote for the
national bank act. He at last decided to
vote for it, although he said it would prob
ably cost him his political, life. He was
persuaded that his constituents in his home
state of Rhode island did not favor the
measure. Senator Anthony’s vote car
ried the measure through the Senate. He
was,mistaken, however, about the opinion
of his constituents. They speedily accept
ed the measure, as was done all over the
United States, but public hostility to it
was averted by the feature of the nationa.
act which made each national bank abso
lutely independent, subject only to reg
ulation end supervision of the comptroller,
of the currency.
This or Nothing
When the measure now before Congress
was lirst under consideration, and it was
decided that in order adequately to con
trol any system created for the reforma
tion of cur banking and currency system
it was inevitable that some central and
supreme executive authority be created,
It was proposed that upon *his central au
thdrfative board there should be a minor
ity representation of bankers.
But it was immediately demonstrated
that the people in many parts of the coun
try would not approve a measure If It con
tained a provision for a central board
seme of whose members were bankers.
Therefore it became apparent that if there
was to be a reform of the banking and
currency system which people would tol
erate It would be inevitable that the cen
tral authority should be representative
and in that sense popular.
It was believed that the suggestion that
the law authorizes the appointment of a
cupplementary body consisting of bank
ers of high authority and reputation whose
exclusive duty should be that of giving
counsel to the central or federal reserve
would remove the objection of many of
the bankers to the measure while the peo
ple could not reasonably object to such
a body, This board of counsel must have
no authority excepting the right to give
advice, and it is regarded as Inconceivable
that the federal board of reserve, which
presumably will be actuated by the high
est motives, would take any authoritative
action until after it had received counsel
from bankers and given to that advice
sineeere and earnest consideration.
The Cubists
From the Louisville Herald.
Job K. Hedges, while auctioning off in
New York the “misapplied art" pictures
that caricatured the futurists and cubists,
told a cubist story.
"When I was a hoy," he said, "if a
youngster's parents saw him drawing
parallelopipedons and hexagons and tri
angles they would exclaim:
“ Aha! We’ll make a mathematician of
him!’
“But nowadays when a lad's parents
find him making tetrahedrons and poly
gons they say:
“ 'Our son will win immortal fame as
an artist!’ ”
Traffic Laws Temporarily Sus
pended
Motor vans make flying trips from
freight cars to store rooms of Roberts
& Son on Third avenue, with advance
shipment of new line of office desks.
Desks were moved from freight cars
after 6 o’clock Thursday evening so as
not to interfere with the day’s business
and the crowds on streets were evi
dently greatly interested and favorable
comments were frequently heard as to
the "Birmingham Spirit" and modern
method of doing business, exhibited by
"The Big Alabama House.”
NEW INDICTMENTS
BY GRAND JURY
I _____
Recess Taken Until Monday.
No Arrests Reported
SUIT IS TRANSFERRED
Birmingham Ore and Mining Com
pany’s Case vs. Central Iron and
Coal Company to Be Heard
in Birmingham
Gadsden, August 8.—(Special.)—After a
three days session, the federal grand Jury
took a recess late yesterday afternoon
until Monday. Several new indictments
have been returned, hut no arrests have
been reported yet. An agreement has been
reached whereby the suit of the Birming
ham Ore and Mining company vs. the
Central Iron and Coal company for *100,000
for alleged breach of contract will ire
heard by Judge W. I. Grubb In Birming
ham.
The jury in the case of David Claburn,
charged with appropriating mail not his
own from the Boaz postoffice, brought in
s sealed verdict. It will be opened Mon
day.
At a late hour today Sheriff Sparks nf
Marshall county had not been arrested on
the charge of violating the Mann white
slave law. If an indictment has been re
turned and the arrest is made, it is prob
able that the case will be heard In the
federal court next week. Sheriff Sparks
stoutly maintains that the Incident is the
work of enpniies among those lie has ar
rested for violating the prohibition laws.
Attorneys admitted to practice in the
federal court yesterday are C. W. Moffatt,
,1. C, Inzer, T. R, Owen, Woodson J. Mar
lin and Alto V. Dee of Gadsden, and R. F.
Dusk of Gumcrsville.
The Vnited States Sign company today
closed contracts for territory in New York
and Ohio, with men who guarantee a busi
ness of $1*00,000 annually. The men are
Sanford Williams and David S. Waite,
who have been investigating the merits of
the local product for several weeks.
Many personal friends of Senator John
ston live in Gadsden, and the news of his
death caused profound grief here.
The Whorton-Sedberry drug store will
open toomrrow in its new quarters on
Broad street near Fifth. It has been
moved from Fiftli and Chestnut.
Arrangements to advertise Gadsden In
the moving picture shows here are being
made by Secretary Roberts of the Cham
ber of Commerce.
The total amount of fines assessed in At
ialla during July was *1117. It is pr obable
t hat this will stand as a record for years
to come. .
The R. F. Dumber of Attalla, With a
capital of *15,000, has been organized he*
i'. R. Forman and Joe Rhea. They have
acquired the Attalla Lumber company.
Miss Mattie Smith Run Over
When Mule Bolts Near
Ashland
Ashland, August 8.~(Special.)—Miss
Mattie Smith, while out driving late yes
erday evening, her mule became fright
ened and dashed off. running a short
way, throwing her out. The buggy ran
5ver her. She died in a few minutes.
The teachers who are in session here
this week had a. most enjoyable time
Wednesday night at Pace’s Lake, where
warm supper was served and a big melon
cutting followed.
They also witnessed a good game of ball
between the teachers and the town team
yesterday, the game heing 1 to 4 In favor
of the teachers.
W. A. Collier, while in his well early
yesterday morning, was overcome by gas
and narrowly escaped death.
Quinine Conquering Malaria
In common with other countries of
southern Europe Italy has long suffered
from the scourge of malarial fevers. Lit
tle progress was made in combating them
until the Italian government created the
quinine trade and manufacture into a
state monopoly, says the Pharmaceutical
Era. Under this law, which was passed
some years ago, the preparation, importa
tion and sale of quinine are forbidden ex
cept under the state control. Employers
in certain districts are required to fur
nish quinine, free of cost, to workers who
are affected with malaria, and also to
others as a preventive. The profits made
by the government by the quinine traffic
are applied to fighting malaria. As a re
sult this disease has been reduced in a
remarkable degree. The fatal cases fell,
during the first year of the monopoly,
from 13,500 to 9000, and since that time
there has been a steady decrease down
to about 3600 In 1910. The yearly con
sumption of quinine has risen from about
2200 kilos in 1902, to 30,200 kilos In 1910. A
similar law went into effect in Greece
about six years ago.
His Duty
Prom Judge.
Policeman (loquiterl—I seen my duty an
[ done it. I says to the captain, “There’s
i guy running a tough joint down the
street.” The captain says to me, “Go
mil”-—an* 1 starts to go—“his leg.” say
th captain. So I seen my duty an’ 1
June it.
H
When House Is Not Ac
tually in Session
COMMITTEE WORK IS
ALWAYS INSISTENT
Underwood and Littleton Are Strik
ing Contrasts of Man Who Works
and the Man Who
Does Not
RV C. Ft. ST K. WART.
Washington, August S.—(Special.)—To
the ordinary citizen the life of a con
gressman Is something easy. "Pretty
soft" is the term usually applied to an
Individual who seems to get along in the
world without exerting himself very
much. Being a congressman In the eyes
of many people comes under the head of
"soft.” Well, apparently to some of them
It is, but, as a matter of fact, the con
gressman who takes things easy and who
never finds anything to do is the fellow
who usually lasts one or two terms, and
who got his job through some political
upheaval or hy oratory histead of real
merit.
Since the House passed the tariff bill
and the committee on hanking and cur
rency has been scrapping over the cur
rency legislation proposed, the House has
been marking time, so far as important
legislation is concerned. It would seem
that the life would be dull and uneventful
to those faithful members who have re
mained in Washington in order that a
quorum might he had if necessary. But
they have had plenty to do. Even new
members filling their first terms have been
busy, especially busy, if they happen to
be democratic members.
Always something to Do
If a member of Congress amounts to
anything, and is of any real value to
either his constituents or the country at
large, there is always something for him
to do in Washington, whether tjiere is any
important legisaltion pending or not. A
prominent member of the Alabama dele
gation was asked the other day why he
did not take advantage of the present leg
islative situation to take a rest, as ho was
evidently very much in need of one.
“Oh,” he said, "I simply 'have no time
to gf-t out of .Washington now. [ will
have to put off my vacation until after ad
journment.'’
'But,” it was suggested, "there is noth
ing going on, why are you so busy?”
For reply he conducted his questioner
to his committee room. There were three
stenographers all busy writing letters and
at work on various matters pending before
the committee.
”i am compelled to give more or less at
tention to the wants of my constituents,”
said this member, "and I am taking this
opportunity to catch up with some of the
things that I ought to have done long
ago, but could not because of other mat
ters of legislation. Then, too, there are
many important matters pending before
this committee and it keeps us all pretty
busy so that we may be prepared when
Congress is Anally ready to take action.”
Posts Himself on All Bills
The real useful member of any impor
tant committee In Congress is the one who
posts himself on all hilts, resolutions and
other matters under consideration by his
committee. In order to do this it is up
to the member of Congress w ho has suc
ceeded in obtaining an important com
mittee assignment to put in all of his
si are time in making iy lose study of all
legislation contemphitwl that passes
through his committee. Otherwise the leg
islation will come up and he will not be
familiar with it and he will simply be
compelled to vote one way or the other,
first on whether the bill will receive fa
vorable or unfavorable consideration at
the hands of the committee, and second,
If it reaches the House, as to whether it
shall pass or not.
The congressman who neglects this work
Is the congressman who never accom
plishes anything in Washington. Many
right men have been failures in Congress.
They would not apply themselves to the
irudgery of legislation. They would not
become students of the legislative ills of
the country and they shirked the tiresome
meetings of their committees and left the
hard work to others. The result has been
that the fellow who has done the work
is the fellow that climbs to the top.
Underwood’s Record
Oscar Underwood has been a member
pf our national House of Representatives
dnee the Fifty-fourth Congress. His first
committee assignments were naturally un
important, being public lands and public
buildings and grounds, but there was
nothing that happened—when anything did
happen—on these committees that Under
wood did not know about and was per
fectly familiar with.
Underwood’s studious application to ell
pending legislation soon attracted the at
tention of the leaders and he was ad
vanced rapidly in committee assignments.
Uncle Joe Cannon recently said of him
that "lie was always the best posted man
on pending matters before his committ.-e
In Congress.
Littleton as Contrast
Or. the other hand, take Matin W. Lit
tleton, one of the brightest men and most
famous orators and lawyers elected to the
House of Representatives in recent years.
Underwood came to Congress unknown
and with no reputation as a great lawyer
or an orator. He had to muke his way
right from the beginning. Littleton came
with a reputation second to none and ev
erybody predicted great tilings for him.
Underwood came to Congress ahd be
came a student and stuck to his job year
in and year out: Littleton came to Con
gress and took things easy; when there
was nothing going on, on the floor he con
tented himself with running round tho
country and enjoying tho reputation he
had alrendy won; Underwood stuck to his
task, and in IS years he became the leader
of his party in Congress through sheer
ability to lead, and in addition a formida
ble candidate toy his party's nomination
for the presidency, which prise will yet
come to him as surely as he lives out the
next seven years. Littleton refused to
become Interested in legislation, and
would not use ids great talents In the tie
half of the people, and the result was
that lie voluntarily passed out of Con
gress and left nothing behind in tho way
pf a public act that bears his name.
Drops Out and Are Forgotten
Many bright men come to Congress who
pass through a term or two an<J then drop
put and are forgotten simply because they
never And artything to do. These are
usually the kind, too, that during their
i.mpaigns are going to perform wonders.
They will—according to their campaign
leclaratlons—devote their lives to their
constituents, and then they proceed to
show how they are going to do so. If
they can only get into Congress the won
lers in tile way of legislative perform
mees they are going to pull off will sim
nly startle the country. The people be*
'icve them, and send them to Washing
ton, and that is tile last of them tfntll tho
next campaign.
This kind of a member when he does
Porter’s Re-Fitment
Sale Money-Saving-Event
Under the buzz of the saw and the ring of the hammer, the Porter Sale
proclaims itself a money-saving event.
hen you stop to think of it, we could not install a new passenger
elevator ,fit up a new shoe department, etc., without disturbing the store
generally.
"Hut, we’re making it up to you with a long list of low cut prices, pjvgry
Department.
Men’s summer weight Suits, including skeleton lined—
suitable for wear now, and half lined for wear in the fall.
All $15.00 and $18.00 Suits.$11.50
All $20.00 and $22.50 Suits . $13.50
All $25.00 Suits . $16.50
All $28.00 Suits . $18.50
All $30.00 and $32.50 Suits.$21.50
All $35.00 Suits.. $24.50
Separate Trousers all generously cut in Price.
Underwear For
Men
$2.50 Kneipp’s Linen Mcsli Garment . $1.95
$3.00 Kneipp Garment • •. $2.35
$5.00 Kneipp Union Suit . $3.90
$5.50 Kneipp Union Suit . $4.35
.Munsiug Union Suits, wore $1.00, $1.50 and
$2.50
Now 85c, $1.15 and $1.95
$1.00 Lisle Garments, each . 85c
$1.50 Pure Irish Linen, eac h.$1.15
$1.00 French Nainsook, each . 75c
75c Striped Madras . 60c
50c Checked Nainsook .. 39c
Broken lots in Lisle. Linen and Balbriggan
—were 50c to $2.50 garment.
Now 25c to $1.50
Night Shirts
50c Night Shirts...39c
75c Night Shirts .60c
$1.00 Night Shirts.85c
$1.50 Night Shirts. .$1.00
$2.00 and $2.50 Night Shirts $1.25
$3.00 and $3.50 Night Shirts $2'00
Pajamas—were $1.50 to $6.00
Now Priced $1.15 to $3.75
Straw Hats
All Straw Hats for men including
Knox Hats and Genuine Panamas,
19 Former
Prices
1922-24
First Avenue
have some measure he wants to get
through the House has the greatest diffi
culty in getting it through even if it may
Vie meritorious. He so seldom works with
his colleagues, he knows little about how
to go about securing favorable considera
tion for lits bill. He refuses to help others
and he complains when they refuse to
help him.
The congressman w ho cannot find some
thing to do in Washington practically all
the time the House is in session, may lie
perfectly sincere, but is vastly mistaken
when he says that he is representing hi
people to the best of his ability. If he •*.
then his people would be much better off
if some one else had the job.
Lead and Follow
Affable city hostess—You do not seem
to be having a good time. Don’t you
like our social leaders?
Vncle Ehen—You bet T do! It's your
durned unsocial followers that I don't
like.
Believed One of the Biggest
Crops Ever Raised Will
Be Made
Athens. August 8.—(Special.)—The
cotton crop in tills county never looked
as promising, taken as whole, at this
season of the year as It does now.
Some of It Is small but It Is fruiting
fine and the color is good and tho
crop is cleaner than ever known.
There lias been less rain in the coun
ty than for many years and the farm
ers have had no hindrance. The cotton
is fruiting at the top a little early so
the planters say, which Indicates that
it is grown. The farmers do not 11 k^
to see Mossoms all over the top of thaV
cotlon this early hut they say if it
holds half the crop on it it will b«*
, the* biggest crop ever known in this
section.
Early corn is seriously damaged but
young or late corn promises a fine
yield. The planters are us a rule de
lighted.
Always the New Feature
From the St. Louis Republic,
“Do you think there is anything new
under the sun?”
“I dunno. What do you reckon
Roosevelt Is going to do next?,r
$2.45
Special Sale of $5. $6 and $6.50
Mens Oxfords—famous Nettleton and
Other Fine Makes—400 Pairs at $2.45
Last week Cox stirred up a host of buyers with a $1 sale. Saturday
we start this $2.45 sale, it will set a still higher record for value
giving. All sizes in these $2.45 oxfords, but not all sizes in every
style. Sale begins eight o’clock this morning.
Exquisite Pumps and
Oxfords, and Low Prices
An unusual combination—but ]
true—now in Cox’s August I
Clearance. Summer Footwear
Sale just at the time you need j
new shoes.
• $4.00
j August
j Clearance $3.33
These prices apply to al
most every style:
$3.50 Styles $2.65
$4.00 Styles $3.33
$5,00 Styles $3.95
i ; n
Misses’ d>1 A A
Slippers «pl.UU
Sizes 11 1-2 to 2, in oxfords and strap
“* 1918 Second Ave.
v---;