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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.