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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Aug 03, 1914
Page
2
Washington experiences a surge of war news as Congress stays in session to maintain quorum and monitor foreign moves affecting trade. Authorities suspend adjournment as the administration and party leaders track currency law changes and financial stability in light of international events.
Passage expected on a currency amendment already approved by the senate. The general dam bill and a readjustment of government rates for railroad mail transport are routine business. The trade commission bill goes to a final disposition with a vote anticipated early in the week.
The treasury is stocked with millions in bills ready for instant shipment, with an $84 million treasury deposit in Federal banks for moving crops. Key figures discussed foreign exchange, but no concrete plan emerged. Officials consider a $100 million line for English bankers, while debates continue on American gold reserves and revenue sources as the new federal reserve system nears operation.
Fragmented OCR lists locations across Georgia towns including Albany Alma Brunswick Barwick Cordele Douglas Fitzgerald Jacksonville Moultrie Morven Nashville Tifton Valdosta Waycross Savannah St Simons Quitman Thomasville and others with scattered numbers 2 in places as readable.
A treasury statement shows cash assets at 287 306 358 with total assets near 1 950 000 000 and gold certificates just over a billion. The White House says the Federal Reserve Board cannot be organized without full local membership and confirms Warburg as a board nominee while delaying other appointments. Wilson cancels nonessential engagements to focus on war and Swandel county matters.
In New York on August 2 President Wilson sent William G. McAdoo and top financial officials to assist bankers. John Skelton Williams Charles Hamlin and William P. Herding joined McAdoo as they opened urgent talks with JP Morgan Vanderlip Davison Hepburn and other leaders. They planned to issue clearing house certificates and enforce a sixty day clause to curb withdrawals as European markets convulsed and US funds faced gold demand.
The house committee debated clearing certificates but reversed stance as war news shifted priorities. McAdoo announced New York banks may issue 100 million dollars in emergency currency to meet crop moving demands. with safeguards to extend to other regions upon treasury approval. Chicago banks move to clearing house certificate system with notice requirements for savers.
The Vita graph show at the Grand today for a week features In Bingle's Melodrama a burlesque on old-time melodramas with three parts and a real acream tone. Stars include Anita Stewart Harry T. Morey Julia Swayne Gordon ZL Rogers Lytton Hoss H. Tupley and K Lincoln. Also Pathe news on war events and the Grand orchestra with new music accompany the film.
New York August 2 British army and navy reservists in America are to be called out by order from the British foreign office. Acting Consul General Nosworthy received the instructions here today. Many reservists are expected to sail for England on the Lusitania next Tuesday.
A telegram from St. Petersburg reports Russia has begun mobilizing its Far Eastern forces. The dispatch from Harbin notes the large military pullback and reassignment of units, signaling a major deployment effort across eastern fronts.
French consular announcement in San Francisco directs all French reservists on the Pacific coast to assemble. The officers will notify eligible men to report to color. The move follows government instructions.
Cettinje August 2 King Nicholas signs a decree to mobilize the Montenegrin army. It is reported Montenegro has a secret military agreement with Servia. Kronprinzessin in Ceptile left New York for Bremen via Plymouth and Cherbourg carrying a large amount of gold.
Report from Hankow dated August 2 notes German reservists bound for Tsing-Tao aboard a British steamer forced to disembark at Pekin after martial law was declared in the German protectorate of Kiao-Chau. All foreigners ordered to leave. Germans in Pekin proceed to Tsing-Tao, while French British and Russian merchants continue business.
German spy caught photographing the harbor at Portsmouth was arrested in London. Two other spies were arrested at Southampton.
Irving Remney claims a spoonful of his brain is worth 350000 in a suits hearing against Emanuel J Well of Cedarhurst New Jersey. Mineola Justice Van Sielen presided as the case opened after a car explosion injured Well’s former chauffeur Ramsey at the gasoline tank. Ramsey suffered a fractured skull and severe burns requiring skin grafts and brain tissue removal, with lingering memory lapses.
A Georgia prospect asserts a bumper corn and cotton season across 60,000 acres along rail lines near Fitzgerald Douglas Moultrie and surrounding counties. Crops expected to lift farm values and provide large returns to farmers along the Ei & A Railroad.
The United States will decide today whether to deploy secret service agents and Justice Department investigators in the nationwide search for the missing Nelms sisters of Atlanta. Telegrams from the Dehms-Innes documents were reviewed by Special Agent Baley ahead of a morning conference attended by Baley, Harry of the Post Office, Mrs. Nelms and her attorneys, Chief Beavers and detective Harper. Marshall Nelms heads Texas towns search. Beavers and others prepare for possible Mexico trip by the missing sisters.
Atlanta figures led by Thomas B Felder urge the U S government to provide transport for stranded American tourists in London. Felder and Edwin Ansley left Atlanta July 10 for Paris then London where they face travel disruption from the European war. Other Atlantans traveling abroad include the Nunnally party now in Berlin bound for New Amsterdam on August 8.
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