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IN GOLD AT PRESEN1 Government and Banks Are Co-operating to That End SOMETHING ABOUT THE NEW CURRENCY •'Emergency” Is Misnomer—Should Be Called “Additional Currency.” Explaining Use of Clearing House Certificates By HOI.UMI New York. August 14.—(Special.)—II Is not a moratorium which has beer adopted by the bankers of the Unitec States in co-operation with the govern ment—for that word signifies a suspen 1 Sion of certain kinds of payments whlcl Is authorized by legislative enactment Yet the bankers and the government as far as practicable, will act in co operation with intent'to suspend pay ments in .gold for the present. This will be facilitated partly through the issu ing of additional currency, partly by the action of clearing house associa tions, which will receive hereafter in payment of balances any kind of money. Up to this time thee clearing house as soeaitions of New York have accepted in payment of balances nothing but gold or legal tenders, although gold is 1 usually represented by clearing house gold certificates. Of course, anyone who possesses a gold certificate may demand of the gov ernment its redemption in gold. But the bankers, and the government as well are now taking- measures by which it will be possible practically to hoard these certificates, or at least to keep many of them out of general cfrcula tion. Many are now in circulation, bul they are so widely scattered as not tc be available to any great extent foi those who wish to secure gold in large amounts. Many questions are asked respecting the SERIOUS OPPOSITION TO EMERGENCY SHIPPING BILL I ■ ■ — -■ —■ - ■■ — SOLVENT CREDIT TAX Huntsville Appoints Com mittee to Make Appeal CLAIM TAX A BURDEN Representative Will Be Sent to Mont gomery to Meet With Commis sion to Portest Against In creased Rate On Coal Huntsville, August 14.—(Special, i—Last night the Huntsville Chamber of Com merce adopted a resolution protesting against the collection of the solvent credit tax and appointed a committee to mem orialize the government to, if possible, hold up the collection of the tax until it can be repealed by the state legisla ture. Merchants and other business men claimed that the tax is a burden to them and that in many instances it is a dou ble tax. There has been a great deal of complaint on this score, since the decision of the supreme court was announced sev eral weeks ago, since which time the back tax commissioner has sent out no tices that payment of the tax for five years back Is due. The Chamber of Commerce will endeavor to enlist every other business organization in Alabama to use its influence on the next legislature for the repeal of the tax. The organization will send a represen tative to Montgomery to meet with the railroad commission and protest against the proposed increase of freight rates on Alabama coal to north Alabama points, ft will also join in with the Birmingham Commercial club In Its fight on the South eastern Underwriters' association, which has raised insurance rates in many Ala bama towns. Fully 10 days earlier than the average first bale for Madison county, J. A. and C. IX Anderson, who operate a big plan tation west of Huntsville, brought the first bale of the 1014 cotton crop to this city yesterday afternoon. The bale was sold in the seed and brought 6k* cents per pound. Other hales are expected within the present week and within two weeks the movement to market will be gin. v Too much rain is the complaint that is being made by some of the planters in Madison county and other portions of northern Alabama, where rains have fallen every day for the last week or more. The rains are said to be helping the cotton worms to multiply more rap idly than normal. No great damage has been done by the worm, but the planters are scared o' the pest. BADLY DECOMPOSED BODY FOUND IN SWAMP Woman Missing for Six WeekR Found Murdered Near the Macon County Line Opelika, August i 4.-—(Special.) Wednesday afternoon the decomposed body of a negro woman was dtscov ered on the plantation of H. C. Cray ton near flu* Macon county line. The .discovery was made In a creek swamp by a negro man who was hauling wood from tiie swamp. It is supposed that the woman was murdered about six weeks ago, as a certain mulatto wom an who was seen in that vicinity about July 10 has been missing since that date. un being notified of tin* find, Sheriff I*. Butler left for the scene Ho make an investigation. The clothing and flesh had been torn from the body by buzzards, and nothing was left by which she could be identified except a card around nor neck. That the wom an was murdered there is no doubt, as tlie skull had been crushed. Sheriff Butler has no definite clue, but is working on a hypothesis and he refuses to give out for publication any theoj’.v he may have assumed re garding the case. The “remains” of the body were placed in a sack and brought to this city. - W A LKER-WINSTON DOCTORS HAVE OUTING Joint Meeting of Two Medical So cieties Near Clear Creek Falla In Walker Jasper, August 14.-—(Special. > — The Walker and Winston county medical societies planned to have a joint meet ing and picnic today at Falls City, near Clear Creek Falls. All of the 4‘.) doc tors of Walker and the 14 of Winston were invited to attend the picnic and meeting. Dinner was prepared for the doctors by Mrs. W. H. Collins of Jas per, who carried it to Falls City for them. Before they left this morning It was stated that the crow’d would hardly be as large as expected on account of the recent heavy rains making the place more difficult to reach and the continued threatening weather. Several papers were to have been read before the two societies by local physicians. Dr. George Eaves of Birmingham had been invited to meet with the doctors today and make them a talk on tuber culosis, but an eye ailment prevented. URGES HOUSEWIVES TO BOYCOTT SUGAR Los Angeles, August 14.—After wholesalers here today announced that another 50 cents a hundred pounds had been added to the price of sugar, Neal P. Olson, secretary of the Southern Cali fornia Retail Grocers’ association. Issued a statement suggesting that housewives boycott sugar and carry on a similar campaign against all other food price advances. Retail grocers said they would assist the government authorities in a grand investigation of the rise in food prices. Talladega Masons Elect Officers Sylacauga, August 14.— (Special.)—At the Masonic conference held at Talla dega this week the following officers were elected for the ensuing year: C, H. Burger, senior warden. Talladega; J A. Williams, junior warden. Wewoka; Fred Proth*r, secretary and treasurer, Sylaeauga: R. R. Gross, senior dcasou, Childersburg; J. W. Hurst, junior dea con, Reiifroel D. C. Tranventlien, seniot steward. Lincoln; J. A. Con wady, Junior stew'ard. Eastaboga. The work of the I conference was conducted by Prof. J. M. j pearson of Alexander City, and every lodge in the county was represented. EUROPFS WAR FEVER EVEN IN VERA CRUZ Frenchman and German Carried to Hospital IRON PIPE MARKET All in Mexico Has Been Coming From (iermany Bui Ought lo Come From Birmingham Vera Crux, Mex.. August 9. (Special Correspondence.)—"Hoch der Kaiser, me un Oott." declared a German as tie start ed to board ship for the homeland yester day. "To h 1 with the Kaiser.” declared h Frenchman nearby, who was also en route home. Then and there the issue was joined, and out of it came the hardest scrap that 1 have seen in many a day. It wound up with the Red Cross wagon com ing for the two belligerents and the doctor having some cuts to sew up. There has be"n a steady stream of for eigners returning to their homes in an swer to the call to the colors. One French man in the City of Mexico has announced that any and all of his employes who go home to tight will be carried on his pay roll until they return. The European war is the all-absorbing talk here now. and the tiny little Mexican insurrection is well nigh forgotten, as it ought to he, tor it never has assumed the proportions of ■ t genuine war. There is a general feel ing that Emperor William has undertaken a big contract w’hieh may never be ful fil led. if my memory semes me right It was Carlyle who drew the pen picture of turn marching from Cnlcutta to Quebec because a harlot objected to an epigram. It is inconceivable to me that men should blindly follow war lords Into a chasm of death am! obliteration. Consul Huchin son of England is of the opinion that the war will be short and that at the end England will rule the seas.. Today as 1 passed along the wharf I noticed quite a lot of pipe and sewer fix tures that i.ime from Germany. That country seems to enjoy a practical mo nopoly of llu iron and pipe trade of Mex ico. and yet l cannot see why the Dlm miek Pipe works back In Birmingham could not supply them. The steel rails mostly seem to come from England and yet the Tennessee company can make as good or better. The coal company that .supplies nearly all the ships with coal Is from Philadelphia and that seems wrong to me, for Alabama coal is as good, or better, than what 1 see here. Thanks to that grand old man. John H. Bankhead, we now have ho open Warrior, and the coal that Vera <Tuz needs for Its railways and ships can be loaded at Cordova and shipped by bul ge here direct. Since I have been down here I have wondered If Mr. Bankhead had some vision of the vast realm of trade that lies before when he worked so long and faithfully to have that open Warrior, and it makes one laugh after he has seen the opportunities hero that I have th think that u candidate who opposed him made all manner of fun of the open Warrior. If we Had more Bankheads in public life I fancy we would be well off. And then, too, when I see the commerce that Is now going over the Telmuntepee railway and think that it must soon pass through the Panama canal, and that the canal was the vision of another Alabamian it makes me proud. I’ndoubtedly the business num back in dear old Alabama will use that Warrior and that canal to further the trade that lies before the man of enterprising turn. And the old saying of an ill wind holds good hi this European war for they will not have time t<* manufacture those com modities that these South American repub lics need. Certainly we ought to supply them with coal. 1 leurn that our coal has been used by the navy and that it Is good. My im pression is that one foreign ship coaled with Alabama coal on Its way hack. Speaking of ships this war is doubling In Interest for me because 1 have been on a number of German and English ships now reported near New York. BILL SIKES. COOSA BAPTISTS TO MEET IN TALLADEGA Eighty-first Annual Session Convenes at Antioch Church September 9. Continues Two Days Sylaiauga. August 14.—(Special.)—The eighty-first annual session of the Coosa River Baptist association will be held with Antioch church in the northern part of the county commencing at 10 o’clock Wednesday morning, September 1*. The introductory sermon will be preached by the Rev. Leon M. La timer of Sylcauga, and the missionary sermon by the Rev. J. M. Thomas of Talladega. The association will hold a two-days' session and a large attendance is ex pected. John Whltly, a negro, who Is said to be implicated In the recent robbery of a freight ear on the Central road, was caught here today by Policeman Persons. When caught he had on a hat that cor responded wJtli those stolen. He will be carried to Birmingham for trial. The Talladega county Masonic confer ence that has been in session at Talladega for two day? adjourned Thursday after noon after a pleasant and profitable ses sion. The next annual session will be held with Syfacauga lodge in 11*15. The County Farmers' union Is holding u two-days' session. Quite a number of delegates from unions over the county are present. HEALTH CONFERENCE AT JACKSON MONDAY Jackson, Miss., August 14.—(Special.) The executive committee of the state board of health has been called to meet next Monday afternoon for the purpose of discussing the health .situation, and it is probable something In the way of stronger legislation will be demanded at the hands of the next legislature. Dr. Calloway, secretary of the hoard, states that there is not a case of bubonic plague, nor anything that resembles It, In the state of Mississippi, and further more. he does not anticipate any. The health authorities along the coast, espe cially at Gulfport, have been wide awakt and have captured a great many rats for examination by the health authorities here, but nothing akin to an infected ro dent has been seen. Florence Tourists Safe Florence. August 14.—(Special.)—Several Florentines, who have been touring Eu rope during the summer months, have given their friends much anxiety recent ly on account of their continued Silence, but cablegrams have been received, al laying the uneasiness of relatives and friends. The Rev. G. F. Bell and sister are in London and will return vlu Glas gow, Scotland: Dr. Johnson, the son of Airs. Waters of this place, cables from Birmingham. England, to the effect that he will leave on the first steamer home ward bound: Professor Benson of the State Normal school will return the first week in September. Three Prices- S Many Styles In Porter Clothes M for Suits that were for A merly up to $22.50 /ft^fl /d for Suits that were for j | lP merly up to $32.50 /ftAJ for Suits that were for »jy£| | merly up to $40.00 Three Low Prices On High Grade Oxfords All $4.00 Oxfords ft A AP cut to. All $5.00 Oxfords ftQ f^P cut to . All $6.50, $7 and ftP rtP $7.50 Oxfords. All $.'i and OM CA AH $4 and $5 AA fjid.aU Straws.. Knox Straws.. Washington. August 14.—Serious opposi tion to the provision of the conference report on the emergency shipping hill, which would open the coastwise trade to i foreign built ships admitted to American register, was voiced in the Senate today by both democratic and republican sena tors. After several hours of debate, devoted chiefly to arraignment of this proposal, the opposition senators agreed to a vote Monday afternoon. Tonight it was reported that adminis tration leaders intended to have a con ference before Monday, and probably would discuss the situation with the Pres ident before the report is put to a vote. Senator O’Gorman called up the report early in the day and asked Us adoption, currency which the treasury department has already issued and will* continue to issue as long as there is a demand un der the authority of tile so-called Aldrieh Vreeland act. Colloquially, this currency is commonly described as "emergency cur rency, ' yet that is not a proper name for it. It is called properly "additional currency.” Those who receive it in course of daily transactions in the shops or from the paying tellers of banks will not, unless they scrutinize it closely, detect any dif ference between it and the currency with which they are familiar. Yet th€*re is a fundamental distinction between this additional currency and bank notes which are issued with bonds for security. Notes of that kind are compelled to pay only a small amount—^ of 1 per cent—In the form of tax. The additional currency, however, when issued, wrill com mand a payment for the first 30 days of Us use of 6 per cent. Kach succeeding month after the first 30 days will add 1 per cent to this amount until the total is 10 per cent. At that figure the charges will remain no matter how long the cur rency is in use. A Prohibitive Charge This charge, of 10 per cent, however, is prohibitive, as it was intended by those who drafted the law to be prohibitive. The amount is similar to that which any state bank that issued notes would have to pay in the form of' federal tax. The tax at the rate of 10 per cent was sufficient years ago to cause the retire ment of all state bank notes. Thq additional currency has one quality which the ordinary bank notes do not possess. F*or the additional currency may be secured by the deposit with the gov ernment authorities of various kinds of security, commercial paper, high grade bonds and such other security as may be acceptable to the government. 'In that * respect, this additional currency serves defending the opening of the coastwise , trade to foreign built ships as justified because of the preponderating ownership j of coastwise vessels by railroad corpora tions. Senator Gallingcr organ the at tack upon the report. He declared it would turn American ship building yards into grass lots and would involve the nation in international complications. Senator Cummins criticised the report because, under its terms, foreign built ships would be admitted to the American trade without complying with the expen sive inspection laws while American ships must meet these requirements. He also questioned the action of the conferees in striking out his amendment requiring ma- j jority American ownership of the stock of corporations owning foreign built ships. MM.. to mobilize some part of the resources of the people. The high rate of taxation or interest which tite additional currency carries will compel Its retirement at tb* earliest prats t-cal moment. The banks which have re ceived it will return it to the govern ment, which will give back to the banks the securities which have been deposited against the currency. It Is commonly thought by bankers in this city and in the other large financial centers that the tax charges which the additional currency will carry will be sufficient to prevent the taking out of j any more than is deemed wise to obtain from the government. If any great stress! of the money market occurs it will be pos sible to take out a little over $1,000,000,000 In this currency. And that is an amount approximately equal to the appropriation made by the German Reischstadt for the expenses of tlie war and a little in ex cess of the emergency appropriation voted by the British Parliament. With cur rency of this kind and with the mobilized resources of the American clearing house associations, there seems to be no reason for any apprehension of financial dllficul ties in the United States. The belief is general that we shall succeed in our attempts to suspend gold payment for the time being. The Clearing House Resources Whenever any hank takes out a clearing house certificate a “charge of ♦> per cent interest begins to run* against the certificate continuing un til it is retired. That in the past hap been found ample to bring speedy re tirement of certificates. J s the panic of 1907 some of the lurgidf banks which were really in no TOed of Clearing house assistance took out certificates in a spirit of comradeship. For It was the desire in this way to conceal the embarrassments that any of the small er or weaker banks might be laboring under. There were other banks which were abundantly fortified with their own resources which took out very few certificates, or none at all. but gladly received In payment of clearing house balances certificates Issued to other banks. For In that way the banks re ceived Interest at the rate of 6 per cent, and this was a sort of oblique method of lending at a profitable rate of Interest to other banks. Unless some new’ emergency should arise the banks will not, as they did In 1893 and to some extent In 1907, pay all checks drawn upo# them through the clear ing house, unless the checks should be of large amount. Therefore, It Is pre sumed i hat anyone who offers a check drawn against any bank at the paying teller's window will receive cash there for. • The Question of Pay Rolls One of the reasons why it was deemed expedient to take out additional cur rency and to utilize the resources of the clearing house was the fact that in this city there occurred often once a week and quite as often once a month de mand for cash with wrhich to meet pay rolls. t The executive officers of one of the largest of American corporations, which cairied a large balance at one of the New York banks, were for a day or two disturbed lest there occur such money stringency as would make it difficult to meet their pay roll obligations. When the officers of this bank were asked If they would continue to furnish cash for the pay roll purposes of this corporation, the reply was that there was not the slightest need of apprehension. In fact, the best judges are of the opinion that in the course of a few days there will he a plethora of money In large financial cen ters and no scarcity of it In any part of the United States. ---- Boy Scouts In Camo Sylaoauga. August 14. -(Special^—About 25 boys, who are members of the Boy Scouts of Sylaoauga, under the care of B. W. Waldrop,, manager, arc camping a few days several miles above town on Tallossuchatchie creek. The boys left town anticipating a good time. PIONEER CITIZEN IS LAID TO REST , Collins' August Clearance Spells Economy In Ladies' Fine Summer Footwear In * In the truest and fullest sense of tne the word. Not odds and ends AuaUSt and shelfworu “stickers,” ^ but crisp, new effects in Clearance tail, patents and the of Mens favored fabrics that I —! show the latest r ootwear styles. - a clear saving of You find the highest examples or seasonable footwear fash.or.* B piacticaiiy one offered at the most enticing BBH fourth, prices. Particular attention is called to Palm Reach and white 1 o m e duck oxfords, also blacks, tans and phi- and epts. \ most complete lin<* now at ^ 92.45, 92.«.%, 92.95, *:i.45 nud *8.95, worth 800 from $3.00 to $5.50 each. sf/ivf YoorwsAf* For The Convenience p Of Our Patrons Who wish to make pur chases or pay service bills r Our Salesrooms Will remain open and j Our Cashiers ^ Will remain on duty * Every Saturday Afternoon and Night Until 9 O’Clock rB. LLS’.U J • .■* c-'- - - - * • • ' • •' - ' • - • ' C. B. BELLSNYDER C. B. Bellsnyder. who was laid to rest in Oakland by the side of his wife Thurs day, was one of Birmingham's oldest and most esteemed citizens. Funeral services were conducted at the residence, 715 For ty-fourth street north, by the Rev. A, D. Glass. Mr. Bellsnyder was born in Nashville, July 15, 1841. He had a' brave Confed erate record, having served first with the Tennessee battery and then with Mc Clure's battery, to which he was trans ferred. He came to Birmingham to make his home in 1882. The deceased left three sons and many grandchildren. The sons are: J. 8. Bell snyder, with the Crane company; Thomas Bellsnyder. with the Birmingham Ma chinery and Foundry company, and George M, Bellsnyder, with Goodall Brown & Co. He left one sister, Mrs. Samuel J. Keith of Nashville. Mr. Bell snyder was an honored member of Camp Hardee. Masons of Fourteenth Dis trict to Hold Two Days’ Conference Kufaula, August 14.—(Special.) Kvery moment of the annual conference of tin* Fourteenth Masonic district to he held here with Harmony lodge next Thursday and Friday will h«* a busy one. The meeting will'he opened by of ficers of the conference Thursday morn ing, when tlic programme will Include th$ address of welcome by Mayor <\ G. Mercer, and ‘the response on the part of the conference by 8. A. Powell of Hurtsboro. The reception of grand lodf.e officers will follow, with the roll call of lodges, the organization of the con ference for tlie coining year and the appointment of special committees. The lemaining sessions of the confeience will he under the direction of Angus M. Scott of Hartford, the grand lectur er of Alabama, and District Lecturer Thomas R. Searcy. The entered apprentice and the lel lowcraft degrees will he exampliHed dur ing the first day, while the programme will also Include an automobile rule for the visitors over the city and surround ing country. Friday's sessions will betaken up with exemplification of the master Mason de gree and business, including the sv h e tlon of a place for meeting in 11)10. Several hundred visitors are expected here from Harbour and all otlu r south east Alabama counties. A number of Kufaula and Harbour county business men and cotton factors "ill attend the cotton convention lo be held cl New Orleans August 117 and 2X, at which plans '‘111 be fm initiated fop the marketing of this year's crop limitf conditions set up by the great Euro pean war. Masons and tin- public In general in Kufaula arc looking forward with much interest to the Masonic lecture to bs ;; ven here the ulgnt of August 10 oy i .i rrgre A. BeuiicKunp ■>' Montgomery, riand secretary of ...abulia. The sub* .ci of the le’t.uc will be "George Washington, tm Allison," and Is con riiliied one of Mr. Beauehamp's best. SCHOOLS AND COLLEGES St. Bernard College j (Near * iillnniii, \ In. > St. Bernard, Ala. § | 33 MIIcm Aorlli of lllrmliighnni | Courses of study: Collegiate, Academic, Commercial and Prepara tory. | Extensive grounds. Extensive Im provements. New Gymnasium. Spe cial attention t«» formation uf charac ter. Classes resume Sept. 10, 1014. For information, address Rev. Direc tor. St Bernard, Ala.. <-r call West End 193 for special representative. I. — i ——*——■* 'D'DTlOTVr A TT COLLEGE CONSERVATORY Jjllljll GAINESVILLE,GA., P.0. Box 27 A beautiful Illustrated catalogue is sent and colleges. Before you choose one, free to parents and prospective stu- you should know all that you can dents. We have tried to make the about it. The catalogue tells you. A catalogue a true representation of the personal visit will confirm the lnfor ideal of Brenau. There are colleges mation. Fall term begins Sept. IS. ATHENS COLLEGE,.ATHENS, ALABAMA •OVgMNtD MV WOMIN-fOS SISLSANO WOMEN A CM,, of A" Gr,J.. Located half war betwesn Birmingham nnd Nashville. In the foothill. of north Alabama. Naw School of finale, Bpeeia! advantage* in Fine Art. Not ‘chornc"but thorough Fall term span* September IX 1914. Write for catalog. MART NORMAN MOORR, PrauJul. Atk«»t, Ala. " “ Drs. Dozier ozier J ists ; FIIIST AVEYIIR BYRO.V DOXIIR4IA tlir«»nli* Hurt G«hIIi Ey«*. I'Jnr, \use at4 I rlnury Disease* >1, ALA. Thrust ^ Treats scientifically chronic, ner- Demons who ne< <1 slants or who ^ vous, blood, skin, gonito-urinary and have any trouble with their ryes, vp** female diseases; also cancer, scrofula, nose or throat, are cordially 1/r rheumatism and morbid conditions of 2£Fm aIld the heart, lung*, liver. kidneys and IdU pSllnl and the“ pelvic organa of men and women; and patlon of diseased tor' by reason of long experience, modern entitle treatment methods and excellent facilities, ef- Eyo, Ear. Nog» fectg'curea In as short time as possible nounced fes• and with moderate expense to patients, ful work a Established in Birmingham, April, istfx the bidt equipped medical Institutions In AS We make no charge for consultation uia We furnish medicines without extra ehak , fits to be derived from X-Kaya. Violet Hays, k and Nebulized Inhalations and everything tht. speedy cure of our patients. « tot-014—The famous Oerman remedy for Sp. •ally administered by us. \ Iraiptaa blmaks tut mum and man sent Ir^