The Birmingham age-herald. [volume], June 26, 1914, Page 3, Image 3

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GOLD MOVEMENT IS
PURELY ECONOMIC
AND NOTPOLIM
Alistake Alade In Attempt
ing to Blame Tariff or
Recent Legislation
IF GOLD IS NEEDED
RATES WILL HARDEN
farmers of Kansas Are Themselves
Depositing Large Sums In Antici
pation of the Crop Move
ments
BY HOLlAJin
New York, June 25.—A curious phenom
enon, which was observed or reported on
Saturday of last week Is associated with
the exportation of gold from the United
States at this time. Notwithstanding the
large withdrawal of gold from the sub
treasury, which was a dally occurrence
last week, the banks of New York were
able to overcome to a considerable ex
tent the effects of it by reason of the
steady flow of large currents of funds
from the Interior of New York. The re
ceipt of these funds served to maintain
the low rate which otherwise would have
been inevitable, and would have tended
possibly to check the exportation of
gold.
All the Indications point to a continued
flow of this great current of funds from
the interior to New York, probably until
the annual movement of the crops to the
market begins. It is, of course, a perfect
argument to support the statement of
those who assert that business is not
very active excepting in certain lines in
many parts of the country. For if It
were the home demand for these funds
would cause them to be retained in local
banks.
In the latter part of last week there
came from Kansas an extraordinary and
yet undoubtedly an authentic report. It
stated that many of the banks of Kan
sas had such a plethora of funds that
they deemed It expedient to send the
money to New York, where It possibly
could be loaned and so earn something.
Furthermore, the Kansas reports ere to
the effect that farmers, or many of them,
Foley Cathartic Tablets
Surely Are a Wonder
i (They Contain Blue Flag)
For stubborn constipation, and for
troubles with your stomach, liver and
bowels, you will find Foley Cathartic
Tablets a regular wonder. Old timers,
who have used all the cathartics on the
market, say that non© of the old line
can compare with Foley Cathartic Tab
lets. for thoroughly cleansing action, for
lasting effect and satisfactory, painless
results. They keep your system in per
fect working order- No biliousness, no
distress after eating, no greasy, gassy
taste A stout person who uses them
constantly will feel thinned out and
more comfortable as a result of their
use. 26c per bottle. For sale by all
druggists.
are not seeking funds from the banka
but Instead, in anticipation of the enor
mous harvests, are depositing money ir
large amounts. If this condition fairly
well represents the farmers of the grain
growing regions, then,it is possible tha
the great financial centers will not b<
called upon for funds in large amount!
with which to finance the moving of th<
crops.
This is one of the apparently paradox
ical conditions of which so many hav<
been observed in the past year and a hal:
in the United States. Not the slightes
apprehension of any stringency of tin
money market because of demands foi
funds for the movement of the cropi
seems to be felt in any part of the coun
try. if, however, there should come f
swift and great business activity whicl
could be traced to the stimulating effects
of the crops, then undoubtedly money
rates would harden and unless the move
ment of gold across tlw seas was check
ed before that time would probably pu
an end to the movement.
Incomplete Explanation
Reports have been received in this city
of the attempt of senators at Washing
ton to explain this phenomenal exporta
tion of gold. Some have asserted thai
it is traceable to a recent change in oui
international trade represented by in
crease of importations and decrease 01
exports. Yet that is not the view taker
by the leading authorities upon foreigr
exchange for the exportation of gold
The operation of the new' tariff law may
have influenced to some extent this move
ment of gold, but the best authorities say
that the influence is very slight.
One senator is reported to have at
tempted to explain the movement by' re
ferring to the increase in the price ol
foreign exchange. That, however, is
really' a symptom and not a real cause.
It is now the belief of the best authori
ties in the financial district that this
movement of gold is to be, and in fact
already Is, of great advantage to tlie
United States. It represents economic
laws and only indirectly political agita
tion or action. All of the civilized na
tions of the w’orld, it was said at the
clearing house this morning, are now
upon the gold basis. The comparatively
recent establishment of the gold basis
by these nations has unquestionably
made it imperative that there be ar
equalization or a parceling out. so tc
speak, among the nations of the gold
supplies of the world. Three or fout
y’ears ago Europe permitted too groat ar
expansion of credit in view of the com
paratively' small gold reserves whlcli
w’ere held by European nations. This
and the effect of the Balkan war brought
these nations perilously near perhaps
the most grievious financial and industri
al catastrophe of modern times. The
United States w'as able to give Germany
much needed aid and the crisis In the
German empire w'as, to a considerable
extent, averted or ended by this assist
ance.
A Crisis for Us
So closely connected are the various
financial and industrial nations by means
of the cable and swift ocean communi
cation that it is Impossible now for any
serious disturbance to take place in any
one of the large nations without opus
ing unhealthy reaction in the United
States. That was especially illustrated
at the time of the failure of the Baring
Brothers at London in the early nineties
for although the desperate situation was
relieved by the action of the Bank 01
England, yet the shriveling of credit
which was occasioned by the credit was
of serious consequence in the Uniter
States, and was one of the causes of thf
‘‘hard times” in the winter of 1893.
If. therefore, the United States—whicl
possesses abundant supplies of gold and
is receiving approximately each y’eai
$9.',000,000 of newly' minted gold which is
to furnish Europe with gold which if
needed to build up the reserve of th<
great banks of the continent we are ir
that way aiding ourselves, for we art
preventing, in part at least, wdiat might
be a serious collapse of credit.
Two years ago the condition in Europe
was desperate. Tt was sometimes spoker
of as a financial breakdown, and it was
one of the chief causes for the business
I depression which prevailed all over tht
world. This, rather than political or leg
islative agitation, really explains in nc
small measure business depressions
First Annual Conference for
Southern Members of Or
ganization In Session
Asheville. N. C., June 25.—(Special.)
Boy Scouts from all sections of the south
are now meeting at Black Mountain, a
suburb of Asheville, this being the first
annual conference planned for southern
members of the organization.
Several of the larger cities in the south
are well represented at the conference,
a delegation of 100 Boy Scouts havinlr ar
rived today from Knoxville. Next year
it is hoped to have Birmingham, Mont
gomery, Nashville, New Orleans and
other large cities represented at the con
ference for the Boy Scouts. The meeting
which is now on will continue for 10
days, the time of the boys being spent
with out-of-door sports and special
courses of instruction, adaptable to
scouts.
The annual summer conferences of the
southern Young Men's Christian associa
tion and the Young Women's Christian
association, at Black Mountain, have
come came to an end. At the Young
Women's Christian association confer
ence a total of 666 southern girls were
present, 31* being from Birmingham. The
Young Men’s Christian association 10
day conference was attended by 300
young men.
A number of permanent improvements
at the assembly grounds are now being
planned by the committee in charge, and
when the young men and women from
Birmingham arrive next year for their
stay in the Blue Ridge mountains, they
will hardly know the place. The associa
tion already owns its water and electric
plants, and substantial Improvements are
to be made to these. The open air camp
In the very heart of the mountains is
likewise to be enlarged and otherwise
improved.
MEMBERSHIP FEE
REMAINS THE SAME
Meridian, June 23.—At a meeting of tlie
hoard of trade an effort was made yes
terday to have certificate membership re
duced from *50 (o *10 and to allow non
stockholders to participate in elections,
the privilege of voting and holding office.
The purpose was to attempt to popular
ire the Board of Trade and thereby great
ly increase the membership. Both propo
sitions were voted down. Nominations
for officers were also made and the elec
tion will take place June 30.
which set in in the United States at that
time. Throughout Europe the hankers
have been trying to build up their insti
tutions and to fortify their reserve:!, and
the assistance which tile United States
lias for some months given them, repre
sented by an exportation of gold from
this country to Europe since January 1.
of last year of approximately S140.00n.00fl,
has been one of the chief reasons why
European hanks have practically regaln
I d their strength. Germany, France and
Kussia have accumulated now enormous
amounts of gold while, on the other
itand, the banks of those countries have
been contracting loans. This has served
as a tonic, so that It is well within
bounds to report that now financial Eu
rope and Great Britain are in a more
healthful condition than they have been
for perhaps 10 or 15 years.
For these reasons, it would be Inac
curate for anyone in public life to ox plain
the movements of gold by legislative
enactment such as the new tariff law or
by political agitation. It Is essentially
a purely economic movement and Is. on
the whole, a very healthful movement.
•> Old Aunt Dinah
•V* :.aj.:vak*.
^ .st
-%'mt *Kt<f
Pfm|T miss Dinah Junior^
- -v \ V'J
■ A Wonderful Change
fl Compare today’s methods of
H baking with the old days when
H Aunt Dinah used sour milk
■ and soda and baked on the
H open hearth, and you’ll find
H wonderful improvements. The
S most wonderful of these mod
P| ern helps is—
I CALUMET
I Baking Powder
t- ■ Surprisingly better than any other brand.
P| Never a disappointment. Your biscuits
|P will be light and sweet—Your cakes will
P| raise evenly and will retain that moist deli
H cate sweetness for days. Calumet cakes
P| don’t dry out quickly. Calumet'costs less
^P than the Trust made kind—yet it’e better—costs
P| a little more than the cheap '‘Big-Can” brands,
■ but it is worth the difference. Every
H does its work perfectly—no failures—no waste
Bi Can from your grocer today and watch your baking
If you don't got Calumet, you don't got tbe
S RECEIVED HIGHEST AWARDS
World’s Pure Food Exposition, Chicago,
Paris Exposition, Franco, March, 1912.
#it’s bow neon*-1ml mom whulasosns ghros hot rasnlts, Cihnit la hf —posioc to sow nO ssd ads. \
I
STILLS DESTROYED
IN JACKSON COUNTY
Illicit Distilling Very Preva
lent in North Alabama
MONEY FOR VETERANS
--
Money Obtained From Dispensary In
Operation At Huntsville—Fire
Department In New Quarters
In the City Hall
Huntsville, June 26.—(Special.)—The
local internal revenue collector, Dep
uty E. C. Smith, reports that illicit dis
tilling is apparently more prevalent at
this time than at any other time in
many years past. Reports of violations
of the internal revenue law are coming
In from many sections of the country.
Revenue men have made two raids in
Jackson county within the last four
days. An outfit consisting of a 45
gallon copper still and all apurtenances
was captured and destroyed near High
top. About 300 gallons of beer was de
stroyed also. The still had been, op
erated up to the preceding day and the
operators had made good their escape.
On Little Coon creek, 10 miles from
I Stevenson, a 35-gallon outfit was found
and the supplies consisted of 500 gal
lons of beer. The plant had been shut
down several days.
Madison county will pay every Con
federate veteran in the county the sum
of $16 on July 1, according to an
nouncement of Probate Judge Lawler
today. The money was obtained from
the dispensary in operation here. The
county fund does not go to widows of
veterans but only tor surviving veter
ans who are pensioners.
William Kelly, a small boy, son of
J. Walter Kelly, president of the
Farmers' Cotton Oil company, was bit
fen by a dog*yesterday. The dog was
killed and its head packed in ice and
sent to the state bacteriologist for ex
amination.
The Huntsville fire department is
being moved from temperoray quar
ters to its permanent quarters in the
new city hall building. The old fire
alarm which has rung the alarms
here for more than 60 years, is back
on the job in a new location, but
sounded by the city fire whistle. The
offices of the city will be moved into
the new city hall next week.
Citizens Will Assist In Ev
ery Way Possibe On
Good Roads Days
! Guntersville, June 25.— (Special.)
Marshall county is going to make a
great success of good roads days.
Judge J. H. Carter and the board of
commissioners are taking active steps
to secure the co-operation of the citl
ens in every portion of the county. At
the recent meeting of the board of
county commissioners the following
resolution was unanimously adopted:
“Whereas, the people of the state of
Alabama and throughout the union
have awakened to the economic neces
sity of good roads, and
“Whereas, the people of the state
have inaugurated the custom of mani
festing their interest in good roads
by annually observing good roads days,
August 14 and 15 by assembling with
the overseers to work the roads;
“Therefore, be it resolved by the
board of county commissioners of Mar
shall county, Alabama, that we heartily
indorse said movement, and hereby in
struct the overseers of the various
roads in the county to warm all citl
ons subject to road duty to work the
roads on August 14, 16, 1914.
“Be it further resolved, that we ear
nestly call upon all good citizens of
the county to attend with the over
seers and regular road hands for the
purpose of aiding and assisting in ev
ery way possible in the Improvement
of the public roads of Marshall county.”
A GREATSUCCESS
Central of Georgia Conduct
ing Farms In Barbour
and Quitman Counties
Eufaula, June 25.—(Special.)—The test
farms of the Central of Georgia railroad in
Barbour and Quitman county, Georgia,
are proving great success this year. Corn
and other crops are In admirable condition
and much attention is being paid the twfo
farms by the farmers of this section*
That In Barbour county is conducted on
land of Dr. J. L. Houston at Comer, the
crop work being superintended by W. E.
Barton. The Quitman county test farm
is located on land of H. Lampley of Eu
faula. just a mile from the city. Both
of these test farms, conducted under the
direction of the agricultural department of
the railroad, were opened up this year
by the Central of Georgia, which is also
conducting a four-crop contest In the
two counties.
Newt Smith, a conductor on the Mont
gomery-Macon division of the Central of
Georgia railroad, had his foot badly
mashed yesterday by the falling of a
bench on which several persons were
seated.
A. R. Carlisle of Union Springs and
Miss Lora Brown of Midway eloped
Wednesday to Georgetown, Ga., where
they were married by Judge J. E. Dozier.
They left immediately on a trip to New
York city and other eastern points.
Among the extensive building operations J
and other improvements being made this
year is a fine country house being erect
ed for Mrs. J. C. Jolly on the Paotaula
creek, near Morris station.
__-t
Club Women Inspect Bakeries
Meridian, June 25.—(Special.)—A com
mittee of ladies from the federated clubs
has been making the rounds of the bakery
shops in this city, accompanied by Dr.
M. J. L. Hoye, dtp health officer. They
desire to ascertain the relative cleanliness
of the different bakeries and will patron
I ize only such as keep their premises in I
! an approved cleanly and sanitary condi
tion.
a
The July Sale of High
Grade Clothing-at Porter’s
The month of July is as We’re “springing” it on
full of sales as a tree is of y0U a \[n\e [n advance and
leaves, the one sale that , n ,, , ,, . „_
all Birmingham men have ^ope a c ot ies wlse men
learned to watch for is Por- will take advantage of these
ter’s. added days of big values.
Womens, Fine Suits Reductions
blisses' and K.1'.$12.75 on Boys'
Girls’ High- .$15.75 Woo] Suits
j $2» and $28 <210 7^
Urade amt. d * m i,
_ $30 and $32.50 C9Q 7K J-*UyS VV USII
rootwearat 8i'ltB*
S, x , • * $3600 (P07 nr OUltS, JLjOVS
ubstantial smu.
—————— $40.00 <1*01 nr mouses.
Savings SxxiiB^ ,/0 Rnn* Shirt*
»" Mohairs, Palm Beaches and Tropical Wor- J^fuyo IU t i,S
_ steds excepted. - — .
**Everything Men and Boys Wear"
1922-1924 First Ave. “In the Heart of Birmingham’'
Guntersville-AlbertvillePike
Being Improved—Drink
ing Fountain In Lawn
Guntersvllle, June 2(S.-—(Special. )-Un
«ler the direction of Engineer T. P. Kemp
the road between Guntersvllle and Al
bertville is rapidly lining put in condition
for automobile travel. The roads all
over Marshall are so much improved
now, the farmers can reach Guntersvllle
from almost any point.
A series of baseball games are being
played here this week between Gun
tersvlllo and Centre, Guntersvllle having
won the first two games, the last will be
played this afternoon.
The Nashville, Chattanooga & St. Louis
railroad at Guntersvllle is being survey
ed with the view of changing the trans
fer from here to Blue Rock, ten miles
from Guntersvllle. The transfer has
been at Gunteraville since the road was
built.
J. B. Whitaker of Cottonvllle is having
put up a handsome two-story brick
building 100 foot long, fronting on Broad
street. This building Ih designed for a
theatre. A. K. Hooper of Gunteraville
is the contractor.
A handsome drinking fountain will be
placed on the courthouse lawn in the
near future by the Woman’s Christian
Temperance Union. Cash, to the amount
of $100 has been paid in, the remainder
being subscribed.
Gunteraville la making arrangements
for the county fair to be held here this
fall, and has been fortunate enough to
secure entrance to the Tennessee circuit.
MERIDIAN GIRL TAKES
POISON BY MISTAKE
Meridian. June 26.—(Special.)— By taking
the wrong tablets while suffering from
a severe ease of headache. Miss .Sallle
Leverett, aged 18, and one of the prettiest
young Indies of the city, came near los
ing her life yesterday.
Miss Leverett in her haste to take some
thing that would relieve the headache took
bichlorid of mercury tablets, thinking they
were gsperln tablets. She soon discovered
her mistake, notified the family and sev
eral physicians were at once summoned
and soon relieved her. j
32 TRUE BILLS ARE
RETURNED IN OPELIKA
Federal Grand Jury Impaneled by
Judge H. I). Clayton Is Dis
charged for Term
Opelika, June 25.—(Special.)—The fed
eral grand Jury which was drawn and
Impaneled here the first of the week
for the eastern division of the middle
district yf Alabama, completed Its de
liberations yesterday afternoon, and was
dismissed by Judge Henry D. Clayton.
Out of the 50 Indictments the grand Jury
returned 32 true bills. All parties
against whom true bills were found will
be tried at the October term of court.
After a cessation of several months,
street paving will begin again In Opelika
next Monday. Geneva street will be
paved from the First Baptist church to
Littleton's store with Ilassan end Dolo
way. This paving was delayed on ac
count of pending litigations, but all ques
tions involved have been amicably set
tled and the work is resumed.
Opelika has always enjoyed the lopu
tattlon of being a cool town, but the past
two days broke the record, the tempera
ture registering as high as 99 degrees.
Beginning on Monday night, June 29.
Sergeant Instructor John 1^. Sweeney
will conduct officers’ schools at fhe ar
mory during the summer, beginning eachv
evening at 7:46 o'clock. The public Is In
vited ' • • attend the drills.
■iin—— ii i i ——— r —■*» -
Save the Babies.
INFANT MORTALITY is something frightful. We can hardly realize that of
all the children born in civilized countries, twentytwo per oent., or nearly
one-quarter, die before they reach one year; thirtyseven por cent., or more
than one-third, before they are five, and one-half before they are fifteen!
We do not hesitate to say that a timely use of Castoria would save a ma
jority of these precious lives. Neither do we hesitate to say that many of these
infantile deaths are occasioned by the use of narcotio preparations. Drops, tinctures
and soothing syrups sold for children’s complaints contain more or less opium, or
morphine. They are, in considerable quantities, deadly poisons. In any quantity
they stupefy, retard circulation and lead to congestions, sickness, death. Castoria
operates exactly the reverse, but you must see that it bears the signature of
Chas. H. Fletcher. Castoria causes the blood to circulate properly, opens the
pores of the skin and allays fever.
■EL " ALCOHOL 3 PER CENT.
KlU Awgelable PreparationforAj
H|i;Ml simila l Ing ihe Footf and Rpgula
HI llngllie Stomachs andBowelsof
BUg Promotes DigesttonJCHmfii
ness and RestXTontains neither
HllhlPI Opium.Morphine nor Mineral.
B|wflll;lj| Not Narcotic. :
amaa I
Hill !’ Aperfect Remedy forCon*fl|*
Mill tlon, Sour Stomach.Diarrhoea
BEall! Worms Convulsions .Feverish
Jm ii! nc»a and Loss or Sleep.
Facsimile Signature of
Hi,.
■21 The Centaur CompaUT,
NEW YORK.
Rsmct Copy of Wrapper.
Letters from Prominent Physicians
addressed to Chas. H. Fletcher.
Dr. A. F. Peeler, of St Louis, Mo., says: "I have prescribed your ^'s tor la
In many cases and have always found It an efficient and speedy remedy."
Dr. Frederick D. Rogers, of Chicago, 111., says: I have found Fletcher's
Castoria very useful in the treatment of children’s complaints.
Dr. William C. Bloomer, of Cleveland, Ohio, says: In my practice I am
glad to recommend your Castoria, knowing it is perfectly harmless and
always satisfactory.
Dr. H. Down, of Philadelphia, Pa., says: “I have prescribed your Cas
toria in my practice for many years with great'satisfaction to myself and
benefit to my patients."
Dr. Edward Parrish, of Brooklyn, N. Y., says: "I have used your Cas
toria In my own household with good results, and have advised several
patients to use it for its mild laxative effect and freedom from harm.”
Dr. J. B. Elliott, of New York City, says: “Having during the past six
years prescribed your Castoria for Infantile stomach disorders, I most
heartily commend Its use. Tho formula contains nothing deleterious
to the most delicate of children."
Dr. C. C. Sprague, of Omaha, Neb., says: "Your Castoria Is an Ideal
medicine for children, and I frequently prescribe It. While I do not advo
cate the Indiscriminate use of proprietary medicines, yet Castoria la aa
exception for conditions which arise in the care of children."
Dr. J. A. Parkor, of Kansas City, Mo., says: “Your Castoria holds the
esteem of the medical profession In a manner held by no other proprie
tary preparation. It la a sure and reliable medicine for infants and chil
dren. In fact, it Is the universal household remedy for infantile ailments."
Dr. H. F. Merrill, of Augusta, Me., says: “Castoria is one of the very
finest and most remarkable remedies for Infants and children. Ia By
opinion your Castoria has saved thousands from an early grave. I can
furnish hundreds of testimonials from this locality as to Its efficiency
and merits.”
GENUINE CASTORIA ALWAYS
Bears the Signature of __
The Kind You Hare Always Bought
In Use For Over 30 Years,
▼ MB CBNTAUR OOMRANV, NBW YORK ClTV. ^
1
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