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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jan 26, 1903
Page
6
Hill pelt a dozen meriting method walk as the now hows nun rise.
New Jersey congressman Towler argues for expanded currency to meet rising business demand. He claims elastic money is essential to sustain credit, lumbering prices, and agricultural activity, citing 1902 treasury data and potential crises if reserves lag.
The bill sets rules for national banks issuing notes up to a fixed share of capital, backed by United States bonds and gold deposits. It creates a guaranty fund, requires gold deposits and bond purchases, outlines redemption districts and removal of notes when banks fail, and imposes a temporary tax on note issuance to build the fund.
A critical look at 19th century currency policy questions the adequacy of gold reserves and government bonds as currency bases. It argues for flexible bank note issuance tied to reserves, warns of fall panics, and discusses national bank note expansion and redemption flows with emphasis on monetary stability and economic growth.
The plan aims to create a reserve to loan out 315,000 notes idle in vaults and prevent bank panic by tying notes to trade needs. If adopted, it would reduce emergency elations, stabilize currency, and shift note issuance to align with commerce, with potential reductions in note stock and banking reserves.
A special council committee studying the board of pursue commissioners in the Lolita department plans an executive session at 7 pm to draft a report. The group, after two weeks of hearings, faced disagreements and will review witness testimony and fragmentary statements before presenting findings to the General Council.
Henry Phillips died at his late home on Woodward Avenue after a two month illness. He was 70 years old and a longtime member of Woodward Avenue Baptist church and affiliated with Atlanta Isle of Masons No. 30. Survived by three children, one brother, and ten sisters. The funeral will be held this afternoon at 1:39 from Woodward Avenue Baptist church. Masons will have charge of the service and interment will be at Oakland Cemetery.
Fragmented report describes a shooting where Dixon is cleared of blame by a dying witness. The wounded man dies at an ear hearing morning. The text is garbled but mentions a wife and children.
A slight quake was reported in Guayaquil with tremors felt early this morning, shaking streets and prompting residents to assess minor damages. No injuries reported. authorities urged caution as aftershocks could follow.
The January apportionment sheet of the finance committee faces disposal by the council after lack of consensus among members. Heated conferences between non committee members and finance figures reveal divisions over funding for a new fire house in the third ward, school needs, water and sewer projects, and departmental budget shifts. The outcome depends on votes on reallocation to support a new fire house and other capital needs while resistingCuts to classrooms and utilities.
The quarterly bulletin of railroad accidents in the United States reports 2620 casualties from train accidents in August and September of last year. It also details 2448 derailments and collisions with specific figures for injuries and deaths, plus updates on railway staff wages and personnel changes across several railways.
Special report notes former desperado John Copfee died near Lula on January 2. Authorities say he was last seen at a relative's residence before state forces moved in. Cause of death listed as Dropsy, with speculation tied to his criminal career and recent arrest efforts.
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