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Newspaper
Fayetteville News
Location
Fayetteville, Georgia, United States of America
Date
Aug 21, 1908
Page
7
Editorial argues to make it a felony to spread false ticker quotations and fictitious stock transactions. It says the root cause is deceptive reporting by high financiers using the ticker to unload securities on the public. It contends penalties and civil liability should deter those who disseminate counterfeit quotes and false financial statements.
The American Review of Reviews notes that great panics recur roughly every twenty years, with smaller crises in between. It cites 1814 1837 1857 1873 1893 as major panics and 1826 1844 1864 1884 1903 as lesser ones, attributing the current panic mainly to rapid gold depreciation and its broad financial impact.
The piece argues that agricultural assets are the true wealth of a nation while criticizing stock and grain exchanges as frauds. It calls for closing exchanges as sources of ruin and compares gambling to a deadly lure that corrupts morals and finances.
G K Holmes chief of the division of foreign markets notes automobiles have replaced about 60 000 horses in this county and farm horses are in high demand. Farm horses in use on June 1 1908 are at least 19 2 000. India napolis News. Japan’s territory expanded from 180 000 to 288 000 square miles and population grew by 10 000 000 due to its war with Russia.
An engineer notes that in African villages the greeting passes through a interpreter and an exchange of presents is common. Chiefs typically give a simple gift such as bananas paw paws or goats while on special occasions they may offer a wife, which the traveler will probably decline with thanks. The writer adds that influenza travels from east to west like cholera.
The Horse Swappers Convention in Cartersville gathered about six hundred mule and horse traders from Bartow to Murray counties. Trades occurred freely with no animal eligibility rules beyond four on the ground and visible. many operations, patents issued to Georgians, and plans for a large Americus creamery emerged. Aware of diverse topics, the article notes the fair hope for future industry, university scholarships, and a Rome fair association formation amid local news.
Georgia Governor Hoke Smith continues a record of vetoes with four bills blocked this session. He struck down the fireman and police pass measure, the Barnesville city court abolition, and two appropriations for Griffin and Waycross experiment stations. He supports the money shark bill and opposes free streetcar rides for officers unless carriers grant city privileges. He also questions the Waycross station status and reiterates moves to Athens.
Secretary of State Phil Cook grants a charter to the Atlanta Northeastern Railroad Company to build a line from Atlanta to Cumming, via Alpharetta and Roswell, about forty miles. The petition notes operations by steam or electric power and favors electrical power. proposed capital is $50,000.
State Entomologist E L Worsham reports black root disease in thirty south Georgia counties risking a ten percent crop loss. Georgia State Agricultural Society selects Quitman Brooks county as next meeting site with officers named. An affidavit clears Jule Howard Harris county white man of Dozier Huckabee murder. J H Shaw sues Macon for ten thousand dollars over cotton obstruction injury. Macon residents raise ten thousand dollars for a state fair. Spalding Superior Court adjourned as farmers return to work after beneficial rains. Dawson Variety Works plant burned, loss under one hundred thousand with no insurance. David Delk named Mount Hope postmaster replacing resigned D M Beggs. Augusta tax receipts drop twenty four thousand eight hundred due to prohibition era shutdowns.
A Chicago based matrimonial agency run by Charles Hudson led to arrests in Minneapolis over promises like a $50,000 widow for $5. The will of Minneapolis ex mayor Robert Pratt reveals a housekeeper named Mary Bettin as beneficiary who agreed to marry him. The National Association of Fire Insurance Agents holds its twelfth convention in St. Paul electing officers. Silas Griffin is killed by hogs near Alexander City Alabama. Kingdon Gould works as a miner in Guanajuato Mexico. Dr John Miller Moore is detained in Paris asylum over hallucinations. Oil fire in San Geronimo district destroys five million barrels. An English youth boasts 40,000 dates memorized. Lightning kills Juana and Natalia Diaz in El Paso. Coney Island lifeguard John Forester wins 13 mile swim under Brooklyn Bridge. Electric lights spread through isthmian canal zone with 24k lamps. Joseph Travis appointed aide to Chinese reception committee for Amoy battleship arrival.
Washington reports Dean Liberty L. Bailey of Cornell College of Agriculture refused the appointment to head a five member commission studying social sanitary and economic farm conditions, saying he cannot devote required time to such an important matter. Also notes Ambassador John W. Riddle’s reported rapid recovery after surgery, Dutch government action likely favorable to the Netherlands, 1907 paper money redemption totaling 912 million dollars, and repairs needed for the cruiser Colorado after grounding in the Straits of San Juan de Fuca.
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