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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Oct 21, 1914
Page
6
Counsel for shippers argued before the Interstate Commerce Commission that no condition facing American railroads due to the European war or other causes affects any American industry more than others, contending equal impact across sectors.
Eastern railroads defend a 3 percent freight rate increase while commission members probe dividend policies. Special Counsel Brandeis questions the railroads’ financial strategy as Daniel E. Willard and Frederick W. Straus discuss whether stockholders should accept cash or property improvements as profits. Straus doubts a clientage of stockholders forming over property improvements.
An old advertisement extols external abdominal application named Mothers Friend to ease pregnancy strain. It promises a helpful booklet for new and experienced mothers with tips and guidance and lists Bradfeld Regulator Co in Atlanta as a mail contact for the book.
An Atlanta advertisement promotes Tona Vita as a tonic for nervous debility and fatigue. It claims benefits for poor appetite dizziness and back or head pain, describes the common tired feeling as widespread, and notes availability at large Atlanta drug stores.
In cross examination, witnesses argued a 5 percent rate increase could generate about 50 million dollars, testing railroads and boosting business. Charles A. Conant warned banks may struggle for new capital, while shippers faced higher borrowing costs. hearings resume tomorrow.
Mrs Itty Simpson Liverett died in Lumpkin at 7 30 PM after months of illness heart failure she was 71 wife of G Everett and twin sister of A H Simpson Interment was at the family burying ground in Lumpkin Noah S Matthews an Atlanta elder died at his Highland Avenue home age 87 He leaves a widow three sons and one daughter Mrs Abbie E Boynton died at a private sanitarium and her body awaits husband in Macon Mrs Ellen Baker aged 69 died at her daughter's home 140 North Jackson Street in Atlanta Her body will go to Rochester NY for interment Cecil M Copland 15 months died at home 142 South Avenue The death of Mrs B C Davis widow of former Atlanta music instructor in New Albany Ind was reported Funeral to be held there.
Dan Sutton of Elamville in the lower county was ambushed in a country churchyard while returning home from a neighbor. He took a bird shot wound to his side and arm. authorities search for the shooter.
President Wilson signed the Alaskan coal ad leasing bill in Washington on October 20, opening Alaska's coal fields. The measure approves leasing rights and marks a key expansion of national resource policy during the administration.
Washington reports Sir George Paish, adviser to the English chancellor, predicts the balance of trade will swing to the United States as England expects to be paid in gold less and will instead accept purchases of American securities and goods. He sees the London and New York exchanges reopening and aims to prevent loan calls on securities while England buys American wheat and cotton.
The dialogue notes cotton grades differ for Egyptian cotton and English goods. English mills hold surplus stock for months and demand bottom prices before buying. Potential recovery hinges on the federal Reserve loan plan and renewed exchanges in New York, New Orleans, and Liverpool. McAdoo shows nervous strain amid talks with Sir George and reserve bank directors in Washington.
English bankers favor a day paper system. The federal reserve banks are likely to operate within thirty days, enabling paper carrying their endorsement to be accessible to English creditors.
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