The Birmingham age-herald. [volume], April 28, 1914, Page 3, Image 3

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

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' for the Best
at
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■* Finest golf links in the South
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tate of the late Geo. W. Vander
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$5.00 a Day Up
Special Weekly Rates
GROVE PARK INN
Sunset Mountain, Asheville, N. C
NOMINATION OF
O’NEAL HELD UI
Washington, April 27.—^Special
Robert E. O'Neal, who was named b
Representative Richardson in a spe
cial letter to Postmaster General Bur
leson In the form of a last requet
from the late representative of th
Eighth district, as postmaster a
Huntsville, has not yet heen appointee
His nomination has been held up b
the postoffice department authoritie
pending an investigation of the caus
for a fight that has been precipitate
against him.
V The fight against Mr. O'Neal is sal
to be mainly political.
Judge John B. Tally of Scottshor
called on Representative Underwood tc
day.
-. .. . ...... - —
'
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I Just because summer lias
I tome and caught you un
■ prepared—don’t worry—
but “hurry” — right
around to this shop and
get your outfit-—from top
to bottom we will fix you
up. Take a glimpse at
those shirts and ties and
hats in our windows now.
They’re the season ’ s
& smartest.
v Mabel & Co. Clothes
$37.50 to $50.00
Yeatman-Baugh Co.
Brown-Marx Bldg.
Jno. T. Yeatman J. D. Baugh
l --
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HOTEL
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12 to Its V.HMt .tint St.
NEW YORK
A leading family hotel, just off
3th hv.. in a quiet neighborhood,
but convenient to theatres and
leading shops and only a few min
utes front the Pennsylvania and
| New York Central stations.
Catering exclusively to a re
fined patronage, it offers special
attractions to families and ladies.
All outside, light rooms and a
superior French cuisine.
{ European I’lnn
Single Rooms,
Suite*. I pwcrtl
y Special rates between May and
p October. Send for booklet and
pa fticuJars.
E. H. CHATILLON.
«* ■* *
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t A* CALUMET
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jjjjjlpKgg#,, X. RECEIVED HIGHEST AWARDS
V
I
. \
UNUSUAL QUESTIONS
BROUGHT FORWARD
BY LARGE ESTATES
Some Increase Enormously
in Value Before a Settle
ment Can be Made
_
DIFFICULT TO FIX
AMOUNT AT DEATH
i -
Hawley and Mills Estates as Examples
of Trouble in Determining the
Value of Property In
cluded in Estate
Br HOLLAND.
New York. April 27.—(Special.)—Within
a few days official reports have been
made which disclosed not only the ap
praised value of the estates of some men
of great wealth, citizens of New' York
• three
| or In
_ dividual characteristics associated with
their accumulated fortunes. A few' days
ago it was authoritatively stated that
> the estate of the late Edwin Hawley was
$5,000,000. using round numbers for ton
) venience of illustration.
When Mr. Hawley died, the commoT
estimate of those who had some knowl
edge of his business life w^is that th<
estate would be found to be not less thar
t $15,000,000 in money value. Some estl
r> mates were larger than this. A few fixe<
t the value of the Hawley estate at abou
$10,000,000. The official appraisal showei
v a gross value of the estate of about $10.
s 000,000, but there were considerable off
® sets in the way of obligations of varloui
J kinds and presumably in the form of do
predation from the par value of the se
1 curitles of whUii the estate was pos
sessed. The net was only a little over $5.
n 000,000. •
Mr. Hawley died before he was able ti
complete the plans which he had In mini
Z for the consolidation into one great rail
way system of several railway compan
ies. Had he lived long enough to con
summate his plans he probably wouli
have been able to reckon his possession
at three or four times as much as th
appraisers who fixed the value of then
some months after his death. The bene
ficiaries who will share the estate wouli
have received a much larger sum that
will be apportioned to each of them ha<
it not been for the depreciation in rail
way securities. The net value of Mr
Hawley’s estate tends to prove the trutl
of a statement made recently by a fan o
large wealth who said that the presen
value of his estate measured by the quo
tatlons for securities just about one-hal
the value of his property when he ac
quired it. There are many men of larg
wealth, who are now contemplating a re
duction of from 30 to 50 per cent in th
market value of their securities as com
pared with the value of the securitle
when they W’ere bought some years ag<
In some parts of the country, and espe
dally In New England, the depreciatio
is much greater than this.
j The Mills Estate
Official announcement has been mac
within a day or two of the present mone
• value of the estate of the late D. (
| Mills. Again using round numbers fc
I convenience sake, the figures are $35,000
j 00O. At the time of Mr. Mill's death th
I estimate commonly made of the value c
I the estate was that it would he foun
i considerably in excess of $40,000,000 an
; no one would have been astonished i
the official report showed that it wa
as much as $50,000,000. Probably the Mill
estate would have been found to be 1
excess of $40,000,000 had It not been dll
covered that lie had accumulated in hi
life a large amount of securities w hie
were practically worthless. This, how
ever, is a disclosure not confined t
the Mills estate. After the examina
tion of the property left by E. Tf. Harrl
man the announcement was made tha
among Ills other possessions were blocks
some of them of large amounts fac
value. »>f absolutely worthless securities
In fact, the common understanding her
is that men of great wealth do accumu
late securities frequently In larg
amounts at their face value which ar
absolutely worthless.
This tends to show that even the wfisea
and most cautious men are sometime
" and, it may be often, mistaken in the!
— judgment of the value of securities whit
pass into their possession. One of til
explanations given for the discovery tha
^ men of great wealth die possessed c
— securities of little or no value is that i
frequently happens that these securitle
are taken to protect personal loans. Th
calls of friendship for loans from rlc
I men are many anti sometimes very ui
| gent. They do not find It convenient t
deny all of these appeals. The late J. I
I Morgan is known to have made man
loans of this character, sometimes witli
out accepting any security for then
j Those who are familiar with Mr. Mill*
career and also with the career of Mi
Harriman are persuaded that many c
tlie worthless securities with which thel
estates were incumbered represente
| friendly transactions.
The official details which tell of th
estates of some men of w'ealth frequentl
disclose the relation which these me
bore in their lifetime to investment. Af
I ter the death of Commodore Vanderbil
• and 10 years later, after the death of hi
'EUFAULA SEEKSTO
Suit to be Instituted in Cir
| cuit Court Against Rev
enue Board for $15,000
Eufaula, April 27.—(Special.)—The |
spring term of the circuit court of Har
bour county at Eufaula this week will
probably be featured by the proceeding j
of the city of Eufaula against the board j
of revenue for the recovery of about $15,
000, alleged to be due the city on the road
tax account. The county commissioners
have strenuously maintained that this
sum or any other sum is not due the
city on this account, although negotia
tions have been going on fot sometime.
They have alfeo refused the claims of
the other incorporated towns in the
county—Clayton, Louisville and Clio,
whose claims with those of Eufaula
would be considerably over $20,000.
No matter what the decision in the cir
cuit court, is is probable that the mat
ter will be carried tr* the higher courts
at Montgomery as both sides to the con
troversy are equally tenacious of their
respective positions. C. S. McDowell. Jr„
is representing the city of Eufaula, while
A. K. Merrill is the attorney of the
board of revenue. „
Several cases of smallpox have been re
ported among negro families north of
the city and a strict quarantine is be
ing maintained.
|P__Z! _
Nearly Half Million Col
lected in Licenses in
Mobile
i Montgomery, April 27.—(Special.)
I Nearly half a million dollars has been
■ collected in licenses in Mobile county
• from the operation of the Smith-Parks
liquor bill, according to Examiner of
| Public Accounts J. T. Gorman, who
, submitted to the governor today a re
i port covering bis examination of the
• books and accounts of the excise com
I mission of that city.
| Examiner Gorman reported that the
bill was giving general satisfaction in
Mobile, and he complimented the mem
, hers of the excise commission on the
» manner in which they have performed
^ their duty. The Mobile commission is
composed of .1. \Y. Goldsby, Syd Doug
r lass and H. M. Friend.
■ TEACHERS ELECTED
FOR SELMA SCHOOLS
s Corps of Instructors for Next Year
Will Remain Practically Same as
i for This Session
Selma. April 27.—(Special.)—At « re
p cent meeting of the board of trustees ol
r Dallas academy and the city school
i, board teachers for the city schools for
r the year of 1914-1915 were elected. The
corps of teachers for the next year will
j. remain practically the same as it has
j been during the past year. P. H. Buhr
1 | man. teacher of history and science in
f the high school. Miss ThomaHine V. Cobb.
s supervisor of music and Miss Louise
• Moore, teacher of the sixth grade of the
„ Baker school, each rendered their resig
s nations which were accepted.
1 The meeting decided to add two tearh
■ ers, to the faculty of the high school in
1 order to give better Instructions to the
■ large number of pupils enrolled in this
- school since the new building was re
• centiy completed. Prof. Arthur F. Har
. man was again elected as superintendent
0 of the schools. In the Selma schools this
• year there have been enrolled 1100 white
1 pupils and 000 negro pupils, an increase
• of 150 pupils over the enrollment of the
0 past year.
t GRAND OPERA
OPENS IN ATLANTA
^ Atlanta, April 27. — The Metropolitan
t Opera company of New York opened its
f annual season u>f seven performances In
t this city tonight with an elaborate pro
• duction of Massenet's Manon Lescuat.
Caruso and Geraldine Farrar were the
1 principals in the notable cast.
The performance was given in the audl
1 torium before an audience of several thou
sand persons. Visitors from all parts of
7 the south are here for the opera season.
• son, William H. Vanderbilt, the inven
tory of their estate* showed that they
f had made little investment in real prop
r erties. Their inclination was tor
1 investment in securities whose im
mediate market value could al
p ways be learned. On the other hand.
’ the estate of the late John Jacob Astor
1 revealed the traditional attitude of the
" Astor family toward investment which
• was chiefly in real property.
D. O. Mills* Investments
’ The Inventory of the estate of D. O.
Mills discloses his strong preference for
investment in securities whose market
values could he quickly determined. He
did not confine his investment to railroad
securities, and it may have been his
early training as a merchant that led him
to place large investments in some in
dustrial properties. He did make twc
investments in real property—one of
them being in the first of the large of
fice buildings in the Wall street district
still identified by his name. The two
investments in real properties inventory
at about $8,000,000. *
The Other Side
Just after the disclosures of the char
acter of the Mills and the Hawley es
tates were made, there was also another
very unusual appeal for judicial inter*
pretation of certain facts associated with
the estate of the late John S. Kennedy.
Unlike so many other large estates
which were found »o have been dimin
ished either by depredation in market
value of securities or by accumulations
of worthless securities, the estate of Mr
Kennedy was found to have been consid
erably increased by reason of his invest
ments In Standard Oil certificates. Af
ter the dissolution of the Standard Oil
company there came large cash dividends
which would not have been made had the
Standard Oil company remained intact
through a favorable decision of the
United States supreme court. It was
essential that there be judicial interpre
tation of the question, “what shall be
done with these unexpected increases, in
the Kennedy estate?" Increase in th#
value of an estate before it is settled i§
not unprecedented, although it is un
usual.. The property of the late C. P.
Huntington increased by several million
dollars between the time of his dnatl
and the settlement of his estate. ThD
was due to unexpected and, in some
cases, great appreciation of the market
value of the securities which Mr. Hunt
ington had accumulated.
f1™J " ' :
Huntsville Woman. Former
Resident of Mexico, Talks
of Troubled Republic
*
Huntsville. April 27. (Special.)-.Mrs.
Arthur Owen-Wllson, of Huntsville, was
for more than two years a resident of
Tampico. Mexico, and news of the opera
tions around that city is probably of,
more interest to her than to any other
person in this locality. Mrs. Wilson's hus
band built the levees and made the liver \
deep enough for the largest ocean-going
steamers to steam up the Tampico river
into the city.
Mr. and Mrs. Wilson moved from Tam
pico to Huntsville, and the former built I
the railroad from Huntsville to the top!
of Monte Sano. Mrs. >-:iKon says Tam
pico is a beautiful city and is certain to
grow in wealth and importance after a
stable government is established.
The civil league will start its clean-up
campaign on May 1 and it will continue
throughout the month. The object of
the league is to make this one of the
cleanest cities In the country, and in
their efforts they wl> have the support
of the city commissioners and the cham
ber of commerce. The league has ap
pointed committees of ladies for every
street ami they will Vave supervision of
j the work.
! Ninety-four applicants have taken the
t examinations for teachers' licenses in
Madison county. Of this number 59 were
white and 35 colored. This is the largest
number of applicants ever reported at
the April examinations.
The report of the Madison county dis
pensary for the month of March shows
that the aggregate sales amounted to
$12,107.25. The largest day’s sales amount
ed to $1293.70. The net profits of the
month amounted to $1097.64. Profits to the
amount of $7000 out of the profits of the
month and undivided profits have been
distributed ns follows: City of Huntsville.
$3150: county of Madison. $3150, and state
of Alabama. $700.
SCULLY RECEIVES NO
-
Adjutant General A. N. G.
Holds Himself in Readi
ness to Mobilize Troops
Montgomery, April 27.— (Special.)
Adjut. Gen. Joseph B. Scully, Alabama
National Guard, reported this afternoon
that he had not received any further
news from Washington relative to the
mobilization of the state troops.
General Scully has been expecting
official orders for the past few days
and has made all necessary arrange
ments for the encampment of the Ala
bama brigade, but as yet no official
communication has come asking that
the guard be mobilized.
General Scully receives in every mail
applications fo» service in the even*
the guard is called out, though most
# of the applications are for commis
sions.
Among the prominent members of the
National Guard in the city today was
Col. G. J. Hubbard of Troy, command
er of the First Infantry regiment. Col
onel Hubbard declared that he had re
ceived numbers of applications for
enlistment.
BOWIE ORATOR AT
MEMORIAL SERVICE
Anniston Decorates Craves of Confed
erate Dead Sunday—Rev. H. M.
Edmonds Cancels Date
Anniston, April 27.—(Special.(-Sydney .1.
Bowie was orator of the day at the cele
bration of Confederate Memorial day in
this city Sunday afternoon.
The exercises were held at the. First
Methodist church. Mr. Bowie was In
troduced by the Rev. Frank W. Brandon
The Rev. S. R. Hodges and the Rev. Dr.
W. F. Yarborough took part in the cere
monies. Mr. Bowie was very eloquent in
his tribute to the southern heroes, and
his address was heard t»y a large audi
ence.
Sitting in the chancel of the church
were the officers, past and present, of
the Anniston chapters of the United
Daughters of the Confederacy. Follow
ing the exercises at th* church they re
paired to the cemeteries, where the
graves of the Confederate dead were dec
orated.
A large number of Annistonians, rep
resenting the local chapter, left Annis
ton Sunday to attend tne funeral of W.
J. Perryman in Atlanta. A number of
Shriners algo attended the convention
in that city from the Anniston chapter of
Zamora temple.
A large number of Annistonians heart!
the lecture of the Rev. Dr. Bouldln, re
turned missionary, lecture Sunday even
ing at Parker Memorial Baptist church
on Japan. In speaking of the religious
spirit of the people he told his hearers
of a number of women who had madt
a long rope out of their hair, with which
they dragged heavy timbers to Toklo tu
help rebuild a burned temple.
C. J. Houser, president of the City Bank
and Trust company, who was stricken
! with a chronic malady Saturday evening.
I was reported to be In much better con
dition Monday.
* A number of persons from this city will
attend the sociological congress in Bir
mingham on May 2-6. The Rev. George
Lang, professor of English at the Ala
bama Presbyterian college, has been in
vited to deliver the chief address.
The Rev. S. H. Edmonds, who was tu
deliver an address at the Alabama Pres
byterian college Tuesday evening for th«
benefit of the college athletic club, has
| cancelled the engagement, stating that
I other engagements will prevent his being
present.
HUTCHENSCALLS
ON UNDERWOOD
Washington. April 27.—(Special.)—G. R.
Hutchens, a native Alabamian born neai
Roanoke, but now a resident of Geor
gia, called upon Representative Under
wood today. Mr. Hutchens managed An
Underwood's presidential campaign ii
Georgia and ably so as the results testi
fied.
Mr. Hutchens will be a candidate fo:
the United States Senate to succeed Senu
tor Bacon. He declares that there wll
be four or five candidates for the place
$5.25—Atlanta and Return
Via Seaboard, account Atlanta Musica
Festival. Dates of sale. April 26 to 1st
inclusive, also morning trains May 2
Limit May 5. Train* leave 7:15 a. ru.
4LOO a. m. and 3:00 p. m. 4-25-tl
If Feet Could Talk, What a
Clamor of Protest Would Arise!
9
I Aching, tired, burning feet would stren
ousl.v object to being crowded into ox
fords of poor leather—poorly made and
ill-fitting.
If they had a voice, self-respecting feet
would stand firm in their demands for
Porter’s footwear—the product of Amer
ica’s best leather workers.
PORTER’S FOOTWEAR
Tan Russia. Patent, Calf and Vici in the
Smartest “Big City" Models—Carefully
Fitted by Our Expert Mr. Humphries.
Priced
$3.50 to $7.50 .
1922-1924 “In the Heart
First of Birming:
Ave. ham”
1
Mooring Confers With H. C.
Allen of Birmingham Rel
ative to Tax Work
Montgomery, April 27.— (Special.)
John S. Mooring, chairman of the stale
tax commission, today conferred with
II. C. Allen of Birmingham, n repre
sentative of the commission in Jeffer
son county, relative to the tux work
In that county. The tax commission
Is preparing to make revaluations In
Jefferson and other counties of t h •
state and the work will begin early In
the summer.
mi.....mi—■
QUIET WEDDING AT*
GREENSBORO MONDAY
Miss Alberta Overstreet Becomes
Bride of James Powers of
Stewart’s Station
Greensboro, April 27.—(Special.)
James Powers of Stewart's Station, fa
miliarly known over the state ns
“Dutch.” and Miss Alberta Overstreet,
of Greensboro, were married this
morning at 11 o’clock at the home of
the bride’s parents, Mr. and Mrs. \Y.
\Y. Overstreet, the Rev. Ralmundo do
<>vles officiating.
The marriage was a great surprise
to the many friend* of the bride and
groom as the first Intimation of the
marriage was when they wore, seen
driving through! town In an automobile
after the ceremony, accompanied by
Fred Whatley of Havana, en route to
Akron, where they took a train for
New Orleans. After the honeymoon
they will reside at Mr. Powers' hand
some home, ‘Vlrcle Hill," near Stew
arts, which Is one of the finest ante
bellum residences of the state.
Miss Alberta < H^rstreet. a highly
j connected and prominent society girl
of (rrcentihoro. has been teaching
school at Stewarts. Mr Powers Is a
successful farmer of that section.
AYFD’ft D|| I VVe have perfect confi
“ 1— * ^ ^ dence in Ayer’s Pills. We
believe they are the best liver pills ever made. We wish you
to have this same confidence in this medicine. The best way
is to ask your own doctor all about these liver pills. Then
follow his advice. Sold for over 60 years._
You may serve Blatz in your I
home, j ust among yourselves, and I
you may serve it to your guests, Zk
with every assurance that I
you are pouring a bever- I
age of extraord in ary I
quality and character. It I
is truly a delight to the I
eye andajoy to thepalate. I
■
A. D. WALSTROM I
Distributer I