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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Feb 01, 1902
Page
8
Atlanta Clearing House reports January 1902 bank clearings at 12,920,806.80, risen nearly 1.87 million from January 1901, and the month is among the highest on record aside from October 1900. Since October 1901 monthly clearings have topped 12 million, with eight months exceeding 10.46 million.
Mr. J Lee Barnes proprietor of the Hotel Majestic has leased the Hotel Ballard for years. The property has undergone carpentry painting and papering over three to four weeks and is now a modern hotel in every sense ready to receive guests. Rates range from 2 to 2 50 per day with special prices for regular boarders. Located opposite the governor's mansion and near the Capital City Club on Peachtree Street the site is highly desirable.
New York January 21 United States Cotton Duck Corporation held a board meeting electing T L Parke as president and J Spencer Turner Wiliam H Wallington Davis H Carroll and J Southgate Lemmon as vice presidents all from diverse cities. The board adopted a resolution urging stockholders to cut capital from 50 60 000 to 30 000 900 equal across preferred and common shares by retiring treasury stock up to 10 000 000 of each class. The next stockholder meeting will be set with two days notice.
Jackson Mississippi January 81 Special The lower house passed an amendment to the Cox anti-trust law convict corporations forfeit 16 percent of capital stock with 50 percent to informant 20 percent to the attorney general or district attorney and 30 percent to the state Suit may be brought without bond The amendment faces senate opposition amid fears of wholesale and discrimination prosecutions
Fulton grand jury for the fall term 1901 presents a thorough county government review. It notes lack of sufficient proof on street railway corruption rumors, urges salary basis for officials, highlights pension abuses, praises county operations, and calls for bridge, road, jail, and safety reforms plus tighter record protection and budgeting.
An American-led effort in Havana introduces Grape-Nuts breakfast cereal to Cuban households and stores, sparking a broader adoption among English speaking communities. The report notes global reach from South Africa to South America and references perceived health benefits of the granules.
Grand jury presentments laud county officials including Clerk Arnold Broyles Judge Wiktinson Henry Wood and Tax Collector Andy Stewart for up to date books accurate records and well kept offices. The report notes improved office space fireproofing and steady progress amid recent rains and road repairs.
Marion Cullom of the fourth grade at Girls High School received the handsome gold medal from the Thomas Jefferson chapter DAR through regent Mrs. W. Norwood Mitchell for excellence in American history. Mayor Livingston Mims presented the award during a meeting of the Mallen Society, praising history study and the audience of about 80 girls.
Members of the Homasassa Fishing Club from this city returned home after a winter fishing and hunting expedition to Homasassa Florida. They shipped twenty barrels and six large boxes of fish to Atlanta and consumed many fish locally. The catch included black bass sheepshead speckled trout and channel bass. Bait used included fatalism crabs and sand fleas. The party also reportedly killed a large deer and two or three members are said to have fallen into the river with rescue tales hinted at. Read list of party members.
An old advertisement proclaims that putrefying food in the intestines acts like arsenic but Dr King's New Life Pile removes poisons from clogged bowels gently yet surely curing constipation biliousness sick headache fevers and liver kidney and bowel troubles. Available at druggists.
The Kitties a renowned band of the Forty-eighth Highlanders Canadian troops will give a concert Tuesday night at the Grand Opera house in Atlanta. Proceeds benefit the Fifth regiment Georgia state troops. The group includes drum major Donald MacCormack, a seven foot tall standout, and James Russell noted for thirty nine battles with British arms. Forty musicians in regimental uniform red jackets bushy bonnets visit the south marking the first genuine British red coats seen since 1812. All members are enlisted men.
A bride discovers a hidden marriage inquiry through a strange sequence in a parlor. She confirms the room with a portrait, greets the daughter, thanks, and leaves. Her lawyer later learns the license was returned, but the union proceeds after a delayed, unclear path to resolution. The scene unfolds with legal maneuvering and an eventual, quiet settlement.
A Cincinnati wholesale house reports Paine's Celery Compound outsold all rivals in Omaha over the last month. Mayor Frank E. Moores praised it, and The Omaha News canvassed druggists and physicians who largely endorsed the remedy for nervous breakdown, insomnia, indigestion, and related ailments, with hundreds of letters from Omaha confirming improved strength, sleep, appetite, and health.
The Bank of Commerce and M L Bates and W A Bates faced a suit by Colonel Lowry alleging mismanagement and impending liquidation. Stockholders met and adopted unanimous resolutions defending Bates leadership, asserting prudent loans and that the Peruvian Guano Company used bank money for profit. The case was dismissed by the plaintiff after a settlement proposed by minority stockholders.
2000 Red Men of Atlanta prepare a monster meeting next Friday night to honor Wilson Brooks of Chicago, great chief of records of the Improved Order of Red Men. Chiefs from Georgia will assist in welcoming Brooks, with a reception committee from each tribe, and an address planned at the Wigwam on Broad and Alabama streets.
A 1902 meeting approved a plan to sell the bank's remaining assets and dissolve by voluntary wind up. Minority stockholders urged a private settlement to avoid receivership and extra costs, aiming for an early division and reduced running expenses. The minority members, L and W A Eater, were praised for character and business capacity.
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