Lakeland Evening Telegram Newspaper, December 23, 1913, Page 1

L AKELAND EVENING TELEGRAM PUBLISHED IN THE BEST TOWN IN THE BEST PART OF THE BEST STATE oLy I o MAY PASS HROUCH CANAL CHRSTHIS DA WOULD BE CHRISTMAS PRESENT FROM COLONEL GOETHALS TO AMERICAN PEOPLE | The Canal Commission at Washing: ton, However, Has Not Been Ad- vised to This Effect (By Assoclated Press ) New York, Dec. 23.—Panama ad- vices this morning sald it was planned to send the Buffalo or some other United States ship through the canal Wednesday as Colonel Goeth- al's Christmas present to the Amer- jcan people. Washington dispatches say the canal commission has not heard of the project. Latest reports don't indicate that the latest move- ment of the Qaracas slide had been sufficient to prevent the passage of ships. PRESIDENT TO GIVE NEW JERSEY FRIENDS A RECEPTION (By Associated Press.) Washington, Dec. 23.—President and Mrs. Wilson will give a recep- tion on Feb. 13 to their New Jersey friends. ARMAND MEGARO S5 ENERSON 5 AGAN FRE (By Associated Press.) London, Dec. 23.—The charge of assaulting the police brought against Miss C. J. Zelie Emerson, the Amer- ican suffragette, was this morning dismissed by the magistrate. Miss Emerson said the officer’s statement that she intentionally struck him and smashed his helmet was not true. The judge sald the suffragettes gen- erally told the truth and he thought if she had done it purposely she would say so. PRESIDENT 10 31 CHRISTI The Salient Feature of the Bill and I Little Change in Operat Washington, Dec. 23.—The cur-| rency bill passed the Senate this aft- ernoon by a vote of 43 to 25. The bill entered the last stage of its passage when the Senate met thig morning. All disputed points were agreed on as the bill was backed by a big House majority. The president expects to sign the currency bill at six o’clock, and Sen- ator Owen and Representative Glass of the congressional banking commit- tee and congressional leaders are in- vited to witness the ceremony. The president will use two gold pens and give one to Glass, one to Owen. The CLEMENTS NOMINATED FOR INTERSTATE COMMERCE COM. (By Assoclated Press.) Washington, Dec. 23.—Judson C. Clements, of Georgia, was today re- nominated by the president as a member of the interstate commerce commission and the nomination was hurried to the Senate. (By Associated Press.) A. P. Lane, one of Miami's pioneer citizens, died a few days ago in Or- lando, where he moved with his fam- ily a few years ago in the hope that a change of climate might be bene- ficial. DECORATING BECING FOR CELEBRATION ings with his cabinet today. He ex- for three weeks’ vacation at Christian, Miss. Pass Washington, Dec. 23.—The new bill affecting the currency, banking Armand Megaro is the South Amer- student of pharmacy under arrest New York on suspicion of having lsed a ‘“poison needle” on young 'women, IAAAAAAAAAAAAAAANNNIIIIIS DEEDS FILED FOR KECORD IN POLK COUNTY (Furnished by Security Abstract an: Title Co., Bartow, Fla.) December 22, 1913. M. L. Robinson to Charlie Lang. S. G. Wilson to Willis Baxley. G. P. Stephens to J. B. McClure. G. P. Stephens to J. B. McClure. Mariop H. Blount to Geo. W. Rho- den. J. F. V. Jones to Geo. W. Rho- den. G. 0. Denham to Geo. Beshore. M. G. Williams to Ella J. Albrit- ton, DUVAL COUNTY COMMISSIONER ARRESTED FOR FORGERY Jacksonville, Dec. 23.—Warrants tharging county commissioner Rich- ard D, Drysdale with forgery were Issued in the Court of Justice of the Peace Abbott Monday morning, and the commissioner’s arrest ordered. The warrants were sworn to by E. G. Golder and James W. Coons of the firm of Coons & Golder, a well| known local plumbing establishment. | and finances of the country, which has now been passed by both branch- es of Congress and goes before Presi- dent Wilson for his signature, is one of the most far-reaching measures relating to finance that has been en- acted in many years. The magnitude of the subject, the diversity of inter- ests affected, and the length of the debates in both branches of Congress, has made it difficult for the ordinary observer to follow the changes and grasp the essentials of this highly technical meagure in its important bearings on money, finance, banking and the entire range of fiscal sub- jects, public and private, which it affects. With a view, therefore, of presenting succinctly and in non- [technical language, an epitome of the | salient features of the measure as finally framed, the following sum-| Imary is given of the bill as a whole |and of its principal details. Already the work of decorating the exterior of the business houses of the city in preparation for the Carnival of Progress, has begun, the block in which the First National Bank is lo- ‘cated having been draped in elegant style today. The work is being done by an expert decorator of Tampa, en- gaged for the purpose, who will pur- sue this work until every business house in the city is decorated. The celebration is daily taking on more elaborate shape and will be the big- ‘werh-khing, ever-held -in. .South «Flor- ida. The prizes offered by Lake- land's progressive business men are such that will attract a large num- ber of entrants for the two big pa- rades, and everybody is looking for- ward to the celebration of Lakeland’s thirtieth anniversary with great in- terest. The committee to arrange f* au- iles to appear in the paré le on .11(:::.01;”::0‘3;:3;;];2 ltrn‘sr‘n nllptne own-| Generally sxwaklin.z, the first steps ers of automobiles and take this op-:'” be t:fkn.'l. to hrmr;?' ’intn‘ ;un\,rt'\‘tion portunity of asking the owner of v\'-['h}f‘ nation’s new nmnf‘,m > system | ery car in and out of Lakeland to ar- | W ill be through an organization com- range to appear in the afternoon pa-| mittee of t’hr(tn momhor's to be x]]:lmrl;d irade. This should be a matter of‘mflu by President Wilson. anks personal interest, and the ('nmmitvih:n‘u sixty days within which to file i ir applications bership in| tee will appreciate a phone moss‘u.o‘tlun am»hv(.atlm'm for mom‘u':r'l tpi notifying them of all cars to the new system; and one year'’s time: omm to 277 be entered, in order that the mar-}is:lllm\':-d hefore (h'n‘ government will shalls may make proper assignment | compel the dissolution of any nation- for line up in the parade. Every car al bank that I‘“fl]sf‘fi to join: should be appropriately dP"““”“'L[ The new l.m\' will mak«? little di- whether competing for prizes or not, [rect change in the operation of the while those competing must be en-|present national banks, except to al- tered by due notice being given to low them to loan a certain amount the committee not later than Dec.|of their funds upnnv farm mortgages. 29, If you have not yet entered your fts chief pnrpf)so is to add a new car, please do €0 at once. Phone 277‘1]>i0(-r\ of mzu'h‘m(:ry to the bunkinfi This will avoid confusion whieh oth- system that will “take up the slack during the changing business condi- itions of each year; that will give the |banks a place to quickly convert | their assets into cash in time of need, 22.- _The and that will bring out new federal i s odemption So- | currency when it is needed, and re- VN AF a Sl I\Pfl. l\lll‘llflv”r'm”d ' viurrnrir when money becomes ‘“cheap.” itk Indiorec. BF sl T“d’ e “”: Panks are now required to keep al BULY ML shktpe of R i) cortain percentage of their deposits| Iin a scheme to defraud, comes ‘-c:fvrru' cesrre A T A B their! Judge Hazel today. It is claimed aults aid oank it whith ey hel deposited in the banks of New! Lounis and other| erwise will ensue. e eda AMERICAN REDEMPTION TRIAL Buffalo, N. Y., Dec. thousands | that the concern swindled the United e president exchanged Christmas greet- ! pects to leave at 11 o’clock tonight LAKELAND, FLORIDA, TUESDAY, DEC. 23, 1913 N GURRENCY BILL AT 51K O'GLOCK TONIGHT WILL USE TWO GOLD PENS TO SIGN THE DOCUMENT WHICH IS OF WORLD WIDE INTEREST; WILL THEN LEAVE FOR PASS AN, MISS. SUMMARY OF THE MEASURE ts Principal Details Are Given Below; ion of National Banks. such as notes, drafts and bills of ex- change, to these ‘reservoirs,” and secure the use of their own reserves, or if necessary even the reserve of other banks, by depositing this se- curity. The new regional banks will re- ceive about one-half of the bank re- serves of the country. They, in turn, will be permitted to loan back to the banks all but 35 per cent of these reserves, so that in case of emergency, millions of cash can be brought out into circulation quickly. The banks will have to pay for these loans, however, as individuals have to pay for a loan from any local bank; and this charge is expected to prevent the too-free use of the re- serves held by the regional banks. A new form of paper currency is also provided for, to come out in case of emergency, and which is expected to go back into the hands of the gov- ernment when times are normal. These “treasury notes” will be print- ed by the government, and issued through each regional reserve bank, and will bear the guarantee both of the regional bank and the govern- ment. If the demand for currency in any section of the country exceeds the supply of circulating money, a re- gional bank can secure this new money from the government and put it into circulation; but a gold re- serve of 40 per cent and commercial paper equal to the full value of the note, must be held as a reserve be- hind each note so issued. This pro- vision is expected to be the influence that will drive the new money back into retirement when it is no longer needed., The following analysis presents [the details of the new law without adhering closely to the technical di- vision or language of the measure. At the head of the system will stand a federal reserve board at Washington, appointed by the presi- dent, and to consist of the secretary of the treasury and six other mem- bers. Two of these shall be expert bankers, but none shall have bank- ing afliliations or own bank stock during their service. This board will exercise general control over the en- tire system. The temporary “organization com- mittee,” or the federal reserve board, will select from eight to twelve cities where regional reserve banks shall ! be located, and will divide the entire country geographically with these cities as the centers of districts. All national banks in a district will be required to subscribe for the stock of the regional reserve bank in that dis- trict, and to keep a portion of their reserves there. Local banks will be known as “member-banks” because they will own the stock of the regional reserve bank of their district. Each member bank will be required to take capital stock of the regional reserve bank, equal to 6 per cent of the member- bank’s capital and surplus. The cap- ital of the regional bank will in- |of persons throughout York, Chicago, St. ed cities. In times of sud-| States by an investment | inancial demands, when banks ———— e | | ar. John MeDowell of Charlotte, Joaned up to the full limit of | N y [f who has been the guest of hi8 o pocqurces, these reserves fur-| TN Mrs. J. R. Boulware, on little relief, because if they are | sister, South Florida avenue, returned to his ont to meet demands, the banks| left in a precarions conditien. are crease or decrease so that it always represents 6 per cent of the com- bined capital and surplus of all the hanks of the district that have joined the system, National banks are compelled to | join, and State banks are permitted Commissioner Drysdale threatened m}::mmn today. ‘ommit suicide if he was taken into| Custody, according to the story told| by Attorney C. B. Peeler, represent: ing the plumbing firm. Commission- ¢ Drysdale is charged with having Mised eight notes which were en- dorseq by Coons, which total an mount between $23,000 and $24- 900. The amount for which the notes Were originally endorsed, according ' Coons, was about $4,000. NIARDS FORGED T0 " FORK DVER $50,000 rashington, Dec. 23 dis‘;aqtsc!;lies indicate th'nt the. S‘.']m:n- rds of Acapulco, Mexico, have ; : :Zd to make a fifty-thousand tlan: lar loan by the federal militanjy 0! . mander. The railroad repalrsheeu Acapulco to the interior have ia for The new Fraternal Hall in St. Augustine w; ed on as formally open d and the men od) | ded, offices close! Wednesday night when a big banquet| suspen letcher re- ¥as enjoyed by the members of the discharged. Adt?;:al F ferent fraternal organizations. ported Tampico QUict: —Diplomatic ¢ to if they bring their reserve require- ments up to the standard set for na- | tional banks, and submit to national |examinations. Public ownership of the stock of the regional reserve banks is permit- | ted only in case enough banks do not join in any district to provide a cap- ital stock of $3,000,000. In such The basic prineiple of the new law ot these reserve funds out into Jation when necessary, without isto g ! ciren lossening the safety of any bank; and to provide a place to which local banks may rush in a crisis and get cash for the “prime commercial pa- they hold in their vaults. lg to be accomplished through per” This S hain of regional reserve banks, or| event the public may purchase the hain i;d‘,-‘o':er\'oirs of reserves,” in which all|stock in quantities limited to $10,- ban‘ks shall deposit a stated part of | 000 for each individual; but the vot- the money they are required to hold | ing of this stock will be placed in the as reserves. Under the new system, | hands of government representatives a financial flurry comes, the take commercial paper, | ‘when banks can (Continuad on Page 3.) JUDGE LANDIS GETS BLACK HAND LETTERS (By Associated Press.) Chicago, Dec. 23.—Judge K. M. Landis of the United States court has received more than twenty black- hand letters threatening to dynamite his home. This was revealed in the trial of John Folie for sending three letters to the judge. The prisoner said he sent them to scare Landis. Judge Landis replied that is all black hand letter writers ever do. He said he had tried more than twenty such cases and all prisoners said the same. Folie pleaded guilty and was sen- tenced to five years. DEPUTY SHERIFF MURDERED BY NEGRO Jacksonville, Dec. 23.—A reward of $100 Monday morning was offered by the police department for the ar- rest or information leading to the {arrest of the negro who early Sun- 'day morning shot and killed Deputy Sheriff Poder T. Johnson. The coun- ty will place a like reward over the negro’s head and it is expected that the covernor will add to this amount. The laying of the cornerstone of the Parish House of Holy Cross church, took place in Sanford last Sunday afternoon, when an open air service was held. CHRISTAS AT THE CHURGHES FIRST METHODIST—The Christ- mas tree and exercises of the First Methodist Sunday school will be held at the church Wednesday evening, Dec. 24, at 6:30 o'clock. All pres- ents to go on the tree should be de- livered at the church not later than noon of that day. FIRST PRESBYTERIAN—Christ- mas tree and exercises at 7:30 on Wednesday evening. ALL SAINTS EPISCOPAL—There will be a Christmas tree at 5 o'clock on Christmas eve at All Saints church. Midnight services will also be held on Christmas eve. LUTHERAN EVANGELICAL — There will be a Christmas tree and exercises at 7 o’clock at the Luther- an Kvangelical church on Wednesday evening. The public is cordially in- vited. CHRISTIAN The Christian church will have a Christmas tree Thursday night. The Bible school has pre- pared a good program of songs, solos, recitations and dialogues. The committee in charge of the affair cordially invites the public to be present. FIRST BAPTIST—The Christmas exercises will be held Christmas night (Thursday) at which time there will be a tree and appropriate exerciges, further announcement of which will be made tomorrow . CUMBERLAND PRESBYTERIAN-- There will be a Christmas tree and short program at this church at 7 o’clock Christmas eve. CATHOLICS—Services at the Cath- olic church on Christmas day will be unusually impressivve. There will be three masses, the first at 7 o’clock, the second immediately following the first, and the third at 10:30 o’clock, The third mass will be a high mass, the first ever celebrated in d.akeland. A special musical program, under the direction of Mrs. S. T. Fletcher and Miss Biewer will be rendered. All (‘atholics are urged to attend these services, and non-Catholics are also cordially invited. DOCTORS DECLARE SCHNIDT 15 BUGS (By Associated Press.) New York, Dec. 3.—Hans Schmidt, the slayer of Anna Au Mul- ler, is not shamming insanity, but is mentally unsound, medical experts testified today. A witness submitted Schmidt’s family tree showing that many were prisoners, and relatives had been adjudged insane or showed symptoms of mental disorder. 10 PAGES No. 43 GOL. EDWARDS EXPLAINS ORDER UF GOMMISSION GOES INTO DETAIL REGARDING CAUSE FOR FULL TAXATION OF PROPERTY Article Is in Answer to Recent Edi torial Appearing in the Telegram Tallahassee, Fla., Dec, 21, 1913, Editor Lakeland Telegram: In your issue of Dec. 12, notice an editorial (ette) referring to the recent order of the State tax commission in re- gard to assessing the property in the State at its true cash value. I was somewhat surprised at the attitude of the Telegram in regard to the mat- ter: First, because of your paper’s usual caretul and conservative posi- tion on public questions; second, be- cause of the insistent need, known of all men, for a correction of the in- cquality of the assessment of prop- erty in the State; and last, but not least, because of the fact, that I, a member of the tax commission, have the pleasure of claiming Lakeland as my home and have for a long time enjoyed a warm personal friendship with you and did not believe you would knowingly do me, or the com- mission of which I am a member, an injustice. For these reasons, I am writing this letter to you, believing that, perhaps with some facts pre- sented to you with which you ma; not be familiar and with which the tax commissioners are familiar, your view of the situation might be changed and the readers of the Tele- gram in Polk county would know the reasons for the issuance of the ordex to assess property at the true cash value. If you will permit me I will discuss the matter as suggested by your critie cism: First, the tax commission like the tax assessor, is bound by the law. Section 1 of article 9, of the consti- tution of Florida says: “Sec. 1.—The Legislature shall provide for a uni- form and equal rate of taxation, and shall prescr'be such regulations as Ishall & just valuation of all property both real and personal, ex- cept such property as may be exempt- ed by law, ete.” Section 3 of said article says: ‘“No tax shall be levied except in pursuance of law.” So much for the constitution. Under that authority, the Legislature enact- ed the following law, which is now the law, and which every assessor in ey the State of Florida made oath, when | he went into office, to carry out: ;] Chapter 5596, Laws of Florida, 1907, ! relating to the assessment and collee- A { tion of revenue: ‘“Section 12—Be- tween the first day of January and {4 the first day of July in cach year the n' county assessor of taxes in cach coun- ’ ty, with the aild of such assistant as- i sessor of taxes as may be nominated /|| | by the county assessor of taxes and ' appointed by the county commission- | -4 ers, shall ascertain by diligent in- :0 quiry the names of all taxable per- §,° sons in his county and also, all of 1.3 their taxable personal property, and ’ 1 all taxable real estate therein on the ! -8 first day of January of such year, | B and shall make out an assessment | roll of all such taxable property,” * * Lal “Section 16—It is hereby made oLl the duty of every person owning or i having the control, management, e | custody, direction, supervision or | ' agency of property of whatsoever v 5.9 character that is subject to taxation IR under the laws of this State, to re- .'i { turn same for taxation to the county (i -3 assessor of taxes in the proper coun- | ‘ .3 ty, or to other proper officer, on or | \ before the first day of April of each N 1 and every year, giving the character and the true cash value of the same as required by law. | “Section 17—Every county asses- sor of taxes shall require any person giving in the amount or list of his personal property to make oath be- fore him that the same is full and correct, and any person refusing to take such oath shall not be permit- ted afterwards to reduce the valua- tion made by such county assessor of taxes of his personal property for that year. The valuation of any item of property real or personal, by the taxayer, shall in no case pre- vent the county assessor of taxes from determining its true value, and if he shall ascertain or have reasom to believe that the valuation of any item of property is too small, he (Continued on Page 6)