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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Dec 21, 1913
Page
2
Chicago observers condemn the currency bill as a miracle of the age saying few congressmen grasp its principles The speaker criticizes the bill for lacking proper credit organization and warns that inflation could follow if banks redeem notes with federal reserve support and mismanage the money supply.
Washington notes a heated struggle as amendments clash over the Hitchcock bill and a conference path. Representative Glass resists Senate changes citing balance and a risk to the country. Supporters seek a quick conference to finish and forward the measure to President Wilson for a Christmas signature. Banks push to join the new system as the currency reform nears final congressional action.
Secretary McAdoo faces a flood of applications from national banks across the country as the Treasury Department awaits presidential signatures. Banks from Baltimore Chicago Arkansas Wisconsin Iowa Virginia and other states sign requests seeking changes under the new financial measure. McAdoo expects a rush early next week and plans to begin sweeping reforms at the Treasury once approvals are secured. He met with Casimer Conant of New York, an finance expert, to discuss the bill.
New York bankers in December considered the currency measure, with many nationally chartered banks likely to operate under state charters after the bill’s enactment. A Wall Street bank president said all federal banks in Chicago could join the new system, while financiers noted the prestige of national institutions and the advantages of retaining certain privileges. If rational banks surrendered charters, they would need to return government bonds and retire circulation linked to those holdings.
Representatives Crisp of Georgia and Lever of South Carolina won their fight to retain amendments aiding farmers. The house passed provisions permitting five year farm loans and extending loan maturities, with no recorded vote but a standing tally of 211 to 1 in favor of the amendments. The success followed strategic parliamentary maneuvering to influence the currency measure provisions affecting agricultural products.
An order for a special term of superior court in Jefferson County sets January 1 for the trial of William Hart George Hart and Robert Paschall, three African American men who confessed to the murder and assault of Mira Setherby. Tensions rise as business leaders mobilize support while a heavy military guard is anticipated for safety.
In Athens on December 3 a billboard campaign uses a Nativity painting reproduction to promote a well known corn whisky. Advertisements for beer and other products appeared on church property facing several public squares. The art display has drawn hundreds of spectators and sparked debate over propriety.
In Savannah on December 26 a roar of explosions shattered the ruins of the Lippman building after a Tuesday fire. Barrels of whisky stored in the basement of Michela and Lang’s store burst, sending smoke high into the air with each blast.
A fund is started in Athens to provide Christmas gifts for former slaves. The effort aims to remember loyal colored people who were enslaved before the Civil War. The community hopes the idea will expand to the state and the South in the years ahead.
Senator Works today introduced a bill to repeal the Hetch Hetchy water grant to San Francisco after claims that the grant was passed by an insidious lobby in Washington. The bill follows the grant's passage and awaits President Wilson's signature from yesterday.
Georgia lawmakers plan home Christmas leave as Congress recess looms. Senators Bacon and Smith, Rep Adamson, Bell, Hughes, and Lee depart or stay. ongoing discussions include cane syrup project in Cairo and a request for a $30,000 grant to fund a mill and experiment station, plus a forest land purchase in Rahun and Fannin counties for a Georgia forest reserve.
In Macon, the city council crisis deepens as Alderman Wright warns the mayor faces turmoil next Tuesday. The dispute centers on replacing the Hay resolution with Pittman’s purging committee plan to review mayoral appointments. Several aldermen including Wright Hay Evans Merritt and Lee reportedly consider resigning if the dispute persists.
Alderman Hay said he did not think he would resign but noted some fellows are talking about it. He added, “We certainly are considering it and” weighing their options since the election to the council.
Aldermen Merritt and Wright refuse to join a five member purge committee aimed at removing the mayor's appointees, warning of a rough path ahead as conflicts intensify and resistance grows within the council.
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