The Birmingham age-herald. [volume], September 11, 1914, Page 3, Image 3

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

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.BANKS ARE HELPING
AMERICAN PEDPLETO
This Is Felt to Be Chief Need
During the Present
Emergency
V -
FOREIGN MONEY IS
SHUT OFF FOR TIME
Neither England Nor France Will Be
Able to Make Large Investments
Here for Sometime to
Come
) By HOLLAND
New York. September 10.—(Special.)
Some of those whose judgment and fore
cast respecting financial and business con
ditions usually receive careful attention
are Inclined to be a little blue fearing thal
considerable time must pass before the
United States is relieved from the neces
sity of carefully husbanding its resources
and from practicing the most rigid econ
omy. Yet there are others equally well
informed and esteemed to be of good jude
Wient who are persuading themselves that
before the end of the year the i’nlted
States will find its business life very ac
tive and its industries approaching a sat
isfactory condition. Information comes
to this city from the west, and especially
from the remote west, that business con
ditions are fairly good, and that the
• promise of Increased activity is excellent.
Those who are disposed to be a little
despondent base their opinion upon the
scarcity of money or, if not that ex
actly, upon a tight money market. They
say that Great Britain will be unable to
invest any considerable portion of he
average yearly surplus income in Indus
•tries, m'ning development or public util!
ties. The common estimate has been fo
some years that England has been receiv
ing an income In excess of her expend!
tures averaging about $1,000,000,000 a year
This great income haB enabled Great Brit
aln to import much more than she ex
ports, for the returns to her on account
of her investment in other lands which
Vshe receives in the form of dividends and
- , —
CASTORIA
For Infants and Children
< ln Use For Over 30 Years
Always bears
the
Signature of
Interest are great*y in excess of the dif
ference between the money value of her
exports and her imports.
France, too, has made large invest
ments in other lands, principally in Rus
sia, but there is considerable investment
of such capital in the United States, es
peciaJIy in the south, where French money
has been used to develop great hydro
electric power plants.
France has also been very partial to
the bonds and notes issued by New York
city, and it has been for some years the
opinion of the city financial officers that
a considerable portion of the New York
city bonds that have been annually of
fered for sale has ultimately found its
way into the French investors hands. The
war, however, will make it necessary
greatly to curtail investments by England
and France, and probably by Holland, of
surplus capital in undertakings in foreign
lands. It is expected that England will
be called upon to rtnanee not only her
own war debt, but a considerable portion
of the war debt of France and of Russia,
This situation explains to some extent the
opinion voiced by some who are of busi
ness experience that the United States
will not he able to go ahead very rap
idly. at least until the war debts have
been tinanced and permanently funded.
What Must We Do?
If this view be correct, then there is
a strong probability that the banks of the
United States, acting in co-operation, will
be disposed to check any disposition to
enlarge American industrial and business
activities.
Tiie question has recently been asked
many times why it is that the banks in
the egst, especially in New York, are
piling up large amounts of cash resources
and are reluctant to utilize theae re
sources excepting to meet the imperative
needs of their regular customers. Mr.
Yanderlip. in his recent circular, says
that the only way to stop gold exports,
and at the same time to preserve the
integrity or our monetary system, is by
enforcing banking policies throughout tho
co.miry which would cause our people to
ruy less in foreign lands and sell more
in foreign markets. This is a gentU
way of stating that the banking influence
which can secure this good result is tight
money. Rut it is necessary that if there
be tight money that condition should ex
tend throughout the United States.
Government Co-operation
The administration at Washington, and
especially the treasury department, has
co-operated with the utmost cordiality of
spirit with the American bankers so that
the emergency may be ended. It was not
possible for the government to co-operate
with the bankers as the government of
Great Britain, acting through the chan
cellor of the exchequer, co-operated with
the Bank of England, thereby putting an
end to chaos within 24 nours; yet the
spirit of co-operation is precisely the same
in this country as it was in London. It l
was a dramatic occasion when the Secre
tary of the Treasury visited New York
immediately after the emergency was
upon us, for the purpose of comparing
views with those who are in authority
in the money markets as to the best
methods of meeting the emergency. It
was co-operation of the highest order
and it is now’ so recognized in this city,
when Secretary McAdoo earnestly urged
Congress to adopt additional legislation
whereby the emergency currency act
could be made more effective. Mr. Mc
Adoo knew that if the American bank
ing system and the American people w’ere
to be protected it was Inevitable that tho
provisions of the emergency currency act
should he immediately availed of and.
furthermore, that Congress should greatly
enlarge these provisions. Mr. McAdoo’s
celebrity of action was quite as dramatic
as was the speed with which the chan
•ollor of the exchequer brought himself
into conference with the governors of the
PETITIONS BESIEGE
—
Lauderdale Board Is Also
Asked to Issue Bonds for
Road Improvements
Meridian, Miss., September 10.—(Special.
Meridian seems to have an epidemic of
circulating petitions .ow A* peti
tion just presented to the city council |
has forced that body to call an election !
to tepeal an ordinance that provides that
cnly ncn-combustible material shall be
used in building root’s ir the future. A
petition is now- being clr ulatcd asking
the city council to order an election on
the Somers land valuation system: an
other petition is being circulated asking
that the city council order an election on
a market ordinance recently adopted; an
other asking the board of supervisors to
issue $60,000 in bonds for the connecting
of the good roads with the paved streets
of the city; another asking that Joe Per
menter be pardoned, the latter being in'
the penitentiary on a charge of highway
robbery, implicated with Frank Hand,
who escaped from the county jail. Per
menter having made a complete confes
sion. and another petition for the pardon
of ex-Postmaster W. J. Price, sent to the
Atlanta federal prison for a term of four
years, charged with a shortage of over
$3600 in his acounts.
This makes five petitions in circulation,
with the prospects of several others, in
the near future.
Bank of England. Eloyd-George could
say to the Bank of England, “You Shall
have the credit of the British government
behind nil the obligations you may ac
cept,’’ and he was not obliged to go to
Parliament to get the authorities to make
this promise. The best Mr. McAdoo could
do was to say to the bankers, “You shall
have all the additional currency which
the Aldrich-Vreeland act authorises if
you want it, and you shall have In addi
tion, if I can persuade Congress to grant
the necessary authority, twice as much!
He did persuade Congress, and within two
weeks nearly $160,000,000 of additional cur
rency had been issued.
A Like Effect
The issuing of this additinal curency
which wras made possible by the celerity
of the action of the Secretary of the
Treasury and the equal celerity with
which Congress enlarged the scope of the*
act served to aid the situation very much
as did the promise of Lloyd-George That
the credit of the British government
would be behind aceptances made by th$
Bank of England, whatever the amount
might be.
Other co-operation of which the Imme
diate need was not so pressing has been
undertaken by the Secretary of the Treas
ury.
Tt is this co-operation and the abund*
ant facilities which It furnishes to the
banks for meeting the situation, coupled
with the expectation that there will come
from ether countries an unprecedented
demand for American commodities, espe
cially food products, which is the basis
for the opinion of those who believe that
before the end of the year the United
States will find very gr^r.t industrial and
business activity to exist from the At
lantic to the Pacific.
\
Pure Beer Is Food
4
j Schlitz is made pure. The
Brown Bottle keeps it
pure from the brewery to
your glass. Light starts
decay even in pure beer v
—the light bottle is in
sufficient protection. Why
should you risk impurity?
\
*
See that Crown is Telephone Main 1862
branded "Schlitz." Pies Liquor Co.
17th St. and Second Are.
Birmingham, Ala.
—■IIWIIIII ■ '111 II V"
APPEARS LIKELY
Alabama Congressmen Un
yielding In Supporting
Favorites? — State’s
Chances Menaced
Washington, September lu- (Spe- '
vial.)—Linen toflaj were tightened 1
strongly between the Alabama can
dtdates rtir judge in the Fifth judicial
circuit and the supporters of each pre
pared for an aggressive fight to the
bitter end. Apparently the visits of
Judge Walker to the department of
justice and the capitol have stirred
the friends of the other aspirants to
greater activity and any compromise
between the various elements in the
delegation seems out of the question.
Following their recent visit to the
department of justice and Senator
White’s call with Judge Walker on At
torney General Gregory yesterday.
Senators Bankhead and White today
culled at the White House and urged
on President Wilson the selection of
Judge Walker. Both explained their
views of Judge Walker s qualifications
and it Is understood the President was
reminded that Judge Walker Is an old
Princeton man and a friend of the
President.
Argument for Hood
Equally strong, however, was th*>
argument in favor of O. R. Hood, pre
sented to the department of justice to
day by Representative Burnett, who
left a large bundle o»f Indorsements for
perusal by the Attorney General. In
his own letter Mr. Burnett described
Mr Hooti^^i the peer of Judge Wal
ker and the other candidates in abil
ity and experience. This being the case
be added it came within the bounds of
propriety to compare their services to
the democratic party and said that Mr.
Hood always had been a loyal and ac
tive worker, while Judge. Walker
“never had aided it actively.” So he
urged that the phase of the situation
be given weight.
Mr. Burnett also made appointment
for a personal interview with Attorney
General Gregory tomorrow, his visit
being curtailed by the necessity for his
presence in the House, still further ac
tivity also was noted among the
friends of John B. Knox and Represen
tatives Blackmon. Dent, Mulkle am
Abercrombie laid further plans for Ad
vancing his cause.
Grubb Compromise Candidate
While compromise on any one'of the
favorites of various congressmen seems
out of the question it might not be
impossible in the case of a man like
Judge Grubb, who has no active work
er*, at court, yet whose qualifications
and attainments are unquestioned by
any member of the Senate or House
from Alabama. Besides this, he is said
by several to be in line for well earned
promotion and in the last analysis he
is a man behind whom the delegation
might concentrate its forces in an ef
fort to retain the position for the state.
As friends of Judge Walked see the
situation it is “either Walker or Sen
ator Bryan of Florida.’’ with such a
number of rivals of such high calibre
and strength of Indorsement Judge
Walker’s selection is by no means as
sured, thus giving great advantage to
Senator Bryan and his state. Union
among the congressmen from Alabama
appears to be the only method by
which they can keep the office in their
state and compromise on some man
whom none yet has indorsed seems iu
be the only way out of the complica
tion. C. E. S.
Over 100 Enroll At Greens
boro Wednesday—Dr.
Rush Speaks
Greensboro. September 10.—(.Special.)
The Southern university opened Wednes
day morning under auspicious conditions.
Dr. Charles Rush, tha new president,
opened the exercises wilt, prayer, and
also made an impromptu talk In which
he expressed pleasure a I Irelng with his
alma mater. The exercises were ilto
gether informal and talks were made by
several of Greenboro's citizens. More
than 100 students were enrolled.
The Southern's faculty Is particularly
able and well chosen, and the old insti
tution bids fair to do great work in the
session of J914-15.
ATMORE
Atmore, September 10.— (Special.)
At a mass meeting held this week by
the citizens of Atmore the following
were nominated to fill the town offi
ces:
Mayor. W. E. Rushing; councilman,
C. P. Smith. J. 8. Marshall, D. J. Bag
gett. (\ O. Lux ford and R. F. Crultt.
An interesting event of this week
was the marriage of Miu LuelU Hig
don to Walter Scott. They will make
Brewlon their future home,
T. B. Medford. who for seven* 1
months has been engaged In the con
struction of the new waterworks and
si w*er systems for Atmore. haa just
returned from a business trip to Flor
ida. I
Professor Albritton of Albertville,
tire recently elected addition to the
county high school faculty, has ar
rived.
A fire alarm sounded at 4 o'clock
this movning owing to the ignition of
a bale of cotton on the Louisville and
Nashville platform. The fire waa soon
under control with little damage done.
LETTERS TO EDITOR
Emigration of German*
To the Editor of The Birmingham Age
Herald:
I note in your Issue of today that
you advocate an attempt to secure n
part of the large German emigration,
which, you aaaumc, will be a result ol
the preeent war for Alabama. In view
of the fact that the people or tin- Ger
man empire seem, according to reliable
account)!, to be with their government
In this war and to believe that It U
a just wsr forced on them. And also
in view of the extremely anti-German
attitude held ao bitterly hy the lead
ing press of tills country during the
war so far, I can see very little in
ducement for Intelligent Germans ti
settle here where the public attltud,
seeing to be so antagonistic to us. Your)
truly, JOHN KAUFMAN.
Altoona, September I, 1914.
'■ U-A': ;. . . .. ' . V v
I
Quiet Home Affair Occurs
At Bride’s Home In
Greensboro
Greensboro. September 10,—(Special )
Miss Ethel Steinhart of Greensboro and
Joseph Mai oils of Montgomery were mar
ried at the home of the bride’s aunt, Mrs.
Carrie Marx, Tuesday evening at H
o’clock. Dr. Ehrenreich of Montgomery
officiated. The groom was attended by
his brother, Arthur Marcus, as best man.
The bride was given in marriage by he.*
brother, Albert Steinhart of Montgomery
The ceremony, which was most Im
pressively performed, was witnessed by
only a small circle of relatives ami near
friends on account of a recent bereave
ment in the family. Decorations were
simple and effective, done in white and
green. Miss Irma Marx, cousin of the
bride, was maid of honor. IJttle Eliza
beth Crabb was ring bearer, carrying th«
ring in a pink rose. The bride wore a
handsome tailored gown of' blue broad
cloth.
Immediately after the ceremony Mr.
and Mrs. Marcus left for L«&ke Toxaway
and other points in western North Caro
lina. Miss Ethel Steinhart has spent
most of her life in Greensboro, where she
has hosts of friends and admirers. Mr.
Marcus is a promising young business
man of Montgomery.
MISS POWELL TAKES
UP MISSISSIPPI WORK
Cunning Demonstrator Returns From
Chicago—Inspects Tomato
Clubs' Work
Jackson, Miss., September 10.—(Special.)
Miss Susie V. Powell of the department, of
education, and who has charge of girls’
canning clubs, poultry clubs and other
such successful organizations, has re
turned to Jackson after an extended* ab
sence during which time she has spent
two or three weeks at Chicago university,
the A. and M. college at StarkviUe and
other places where her work was In de
mand.
Yesterday Miss Powell was at Acker
man. Choctaw county, where she attended
the fair, and overlooked the displays and.
demonstrations made by the Girls’ Can
ning club of that county, this being the
first year of its existence. Twenty-four
girls made creditable displays, and were
given lessons In sampling aud judging
canned tomatoes put up by themselves
as well as by their associates. The to
mato crop in that section has been very
goed, and the work done by the girls was
all that could have been expected. The
county has already served notice that it
will be in the club work next year.
The hoys of the Corn club also made
a fine show, 60 of them having exhibits
at the fair and several remarkable yields
having been reported.
RELIGIOUS WORKERS
MEET AT BAY MINETTE
County Sunday School Convention
Holds Two Sessions This
Week
Bay Minette, September 10.—(Special.)
The annual Baldwin County Sunday
School convention, with President A. H.
Mershon presiding, opened its sessions
here Tuesday afternoon at 2 o'clock with
song service and devotional exercises led
by the Rev. E. C. Palmer of this place.
This was followed by an address by Dr.
S. A. Y. Dahlberg, president of the Sec
i
4 i T| i 5 "Esco" Hosiery looks, wears
Atrorters— a”dmaweu
Autumn’s
Smartest Boots
for Women
•
This metropolitan footwear shop has
covered the price range thoroughly—
you’ll find here new autumn boots
and Colonials at as low a price as
good footwear can be bought, the
finest obtainable, and high ranking
“in between” grades.
And you can give your fancy free
rein. The smart styles are as diversi
fied as the proper prices.
Everything Men and Boys Wear
,
1922-1924 First Avenue "In The Heart of Birmingham"
ond district, on the subject "Convention
Key Words." "Our Year’s Work" was
the topic for a talk by President Merch
on. and be was followed by W. K.
Sweet, county secretary and treasurer,
with a statistical report of the year's
progress and work.
Miss Myra Batchelder, state field work
er, then made an address on the subject,
"The Growing Tegeher," and was followed
by J. R. Till on the subject "The Church
at Sunday School and the Sunday School
at Church."
In the evening, three excellent addresses
weer made, one by the Rev. L. H. S.
Chappelle, one by Dr. .1. C. McLeod and
another by Mias Batchelder.
NEW DEPARTMENTS
IN FT. PAYNE SCHOOL
Dekalb High School Opens With
Increased Attendance Wednes
day Morning
Fort Payne, September 10.—< Special.)
The DeKalb County High School iiad a
very auspicious opening at this place
Wednesday morning. The opening ad
dress was made “tty Capt. L. B. Rainey or
Gadsden. Arthur Downer and Gladstone
Yeuell, former graduates of the institu
tion, also spoke eloquently of the bright
prospects of the school. The enrollment
in already double that of last year.
Three new departments have been added
to the curriculum this year, these being
expression and physical culture, which
will bo taught by Miss Pearl Still, while
J. S. Brunyun will have charge of the
manual training and crafts department,
lie will also teach schdol gardening and
scientific farming. Miss Emma Kirby
will teach domestic science and cooking.
N. J. Callan is president of the school,
this being his second year, and Miss
Nellie Russell has charge of the music
class.
500 BALES OF DEC.
LIQUIDATED AT 990
Sales Equally Divided By
Ballot Between Six New
York Houses
New York, September 10.—Today's opera
tions through the international commit
tee of the New York Cotton exchange re
sulted in liquidation of 000 bales of De
cember at 91*0. The sales wer*‘ equally
divided by the ballot between six local
bouses, and while tho amount so far liqui
dated seems small as compared with tho
total interest outstanding, tho fact that
this plan Is in working order has made
a favorable impression on sentiment.
It also announced that any Improvement
In the European situation which many
think to be foreshadowed by recent war
developments, would lead to a rapid in
crease in the spot demand from Lan
cashire spinners, and sentiment as to
tho possibility of successfully working out
of old commitments has also been en
couraged by the reports of a .steadier spot
situation
Resume Eight-Hour Shift
Meridian, September 10.—(Special.)
Starting today the New Orleans and
Northeastern Rhops will go on eight
hour a day work. This does not in
clude the roundhouse and car depart
ments.
'"T
True Toasted Corn
Is as different from commonplace corn flakes as
succulent green sweet corn is different from the
hard, flinty, yellow grain of the farmer’s com crib.
In s^ite of the numerous “corn-flakes” marketed, few persons really know the
rich sweetness of choice corn when skilfully cooked, flavoured and toasteu.
V. *
%
This true toasted corn—distinctive in its rich, rare flavour—is called
Post Toasties
A call for “corn flakes” often brings some one of the many brands of ordinary
flakes. To avoid disappointment ask for and insist upon Post Toasties.
This food can be distinguished by the original yellow package; by the rich, true
corn flavour imprisoned in the making; and by the size and tender crispness of the
golden brown flakes.
Toasties are ready to serve hot or cold, with cretuu or good milk—also with lresh
fruit in season. A further delicate flavour may he released by heating a few minutes
in oven before serving. And it’s a flavour worth knowing!
No advance in price of Post Toasties
—the Superior Corn Flakes
• V_ ' , .
\ 'I1 f* ‘ * ,r.