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rceproaucea from the Unclassified / Declassified Holdings of the National Archives A * JR . p . Ji&itor * « & #tttrg*OR € # t « Wfci* : ; W *» # e e f,. VI-.% ■ vN S W E P FEB 2 6 19H ^ L _ — * & wmuwi<i.f.:-ncTriini----- ----- •'- - -c.-Z7' ^ cX ^ y L u ^ 4 > - ' —----- ------------ -- — 2. _<s< ^ <5^ {^j> <^K o f ^ S Z T i* ^L er^X X , {y n.M I'flnMi <<>^ * H 2 < *z f ^ U ^ ,. /2 < &- ^< < ? ( m %'■. s«28 ^irfi ^ HQr+ 11 ^ * jS ” * .6usiu r J3 ^ g 5 ^ ^ iium me unclassified / Declassified Holdings of the N a t io n a l ^ % A* tfamm*, JR. p. Jfimimn na ft***, “ * ’ • ***■ * iw tta L * a» |V> > c n _^l-^—-« / / A jZ y i^ i . / ^ <?H ^ g fa - e J ? ' c* £ o ^x . <&< t-«— » < € ^ ~ <£r(c~<Sf~ M . L e^ ^ < ^<2^ m T H E T I M M O N I C DECEMBER, 1912 VOL. I NO. 2 THE SOUTH T h o s e C o n d i t i o n s T h a t H o ld I t B a c k A n d H o w T o O verco m e T h em By E. f\. Tim mons, M. D, H E S O U T H , with its im mense re sources, its never tirin g e n e r g y and its un fau ite rin g courage, has an in com parable fu tu re before it, if it will but push well its m arked advantages. The South is a rea d y p roducer of that which the world wants, needs and must have. If the South, in addition to w o rk in g to furnish such products, would only keep more of that within its borders, that it receives for those bounties than it does, the South would reach no other destiny save an - unhindered p rosp erity and* a peerless success. T h e S o u t h has mountains and hills that are filled with m inerals and treas ures of all sorts. Its commons and fields are rich with grasses and abundant in streams. Its valleys and plains are pro ductive with varieties of grain and stock. Its southern borders are claded in flora alw ay s green and fru its ever golden. Its dominion is decked with the richest glo ries of the seasons and is p erfu m ed with the f r a g r a n t wealth of spring. H e re is w here it seems that Jehovah stru c k the Universe with the ad orin g touch of His Omnipotent hand and bathed the zephyrs with the sweetest fra g r a n c ie s fro m the alter of His incense. H e re is w h ere H e breathed life into creation and gave to N a tu r e the abundant varie ty of her most precious wealth. A n d w here the O m nip otent has endowed His richest blessings, if those who are in possession of them, do not utilize well their God-given advan tages, th ey are entitle to their destiny, though rough the end m ay be. T h e S o u t h has many p ecun iary drains upon it. One is for insurance, another for m ach inery and still another for cloth ing, aside from a n u m b e r of other and minor things. P e r h a p s the g reatest p ecun iary drain is that for g e n e ral in sur ance ; second for m ach inery ; and third for clothing. I h a rd ly think that the latter exceeds the second item, although either is v e r y immense. B u t I am prett3^ sure, with the best information that I have, that the amount which is paid out for insurance will exceed either one of the other two items by one-half or more and m aybe as much as both together. I F o r insurance alone, the sum that is paid out of the South to fo reig n companies, amounts in an annual drain awa}^ up in 24 TH E TIMMONIC the billion of dollars. Just think of that one feature alone as a pecuniary outlet to the South. And then turn your attention to consider an equal amount, and more than likely a greater amount, that goes out from us for machinery and clothing, to say nothing about the millions that go out for various other things. It is simply appalling, isn't it? Yet I do not want to discourage the interchange of commer cialism with other territories. This we will have to carry on to a marked degree. I only wish to encourage a greater inter est and enthusiasm for home industries, home finished products and other home enterprises, than there now is, for keep ing more money in the South and for good reasons to be set forth in this article. T h e S o u t h should not forget that it has helped to build up capital and giganic corporations in other territories. With our products and from the sweat of our brow, foreign companies have thrived, prospered and grown fat. Now what we have done for others, we should turn to help ourselves. Inasmuch as others have prospered from our labors, there is no excuse why we should not prosper ourselves from the same work. Let us do it by patronizing home industries, institutions, etc. This is the key to southern prosperity and success. T h e S o u t h should consider the fact that as prosperity and success give an in dividual a precedent and an independence j ust so such good results do for a com munity, state or nation. And inasmuch as failure and adversity will cripple and humble an individual, just so again will such evil results subdue and knuckle either one of those three community divisions. So it is well and essential that the South pursue a more prosperous course in the future, that it may maintain an equal pecuniary and prosperous footing with any other territory of the union and th us be able to sustain its rights and honor by such a precedent and independence. T h k S o u t h has already had one de plorable civil upheavil; and I do not wish to convey the idea that I advocate another or a .secession. Neither do I wish to be understood as advocating a spirit of southern domination over any other part of our great republic; I love and respect the whole Government. My forefathers fought to help establish it. They gave their blood to endow it to the possession of their posterity, and as a son of freedom, born of her liberty, I will never knuckle to other than the rights of man or death. And being of southern birth, with a southern lineage, I deplore the idea of the South, the home of my nativity, ever being the future back ground of the Universe or the frail beggar of the Nation. With its never failing natural resources, the South is entitle to step abreast with other grand divisions of the Union and to be equal in participation of the prosper ous industries and institutions of the Nation. If this aspiration of a southern son is treason to other divisions of the Union, then make the most of it. T h e S o u t h cannot say that it is now equal in corporate and manufacturing interest to that especially of our northern brethren. The South is even far behind them in its educational and journalistic facilities. Even the extream west is far ahead of us on those matters. If any of us see fit to question these admissions, then I ask what proof have we to offer to rebut the confessions? Many of the great institutions, industries and corpo rate companies of the South are operated and controlled by foreign capital and di rectorship. Numbers of these institu tions are blessings to the South. They were founded with a phftantropic spirit TH E SOUTH 25 to the South, while there are others! sections in their corporate, manufactur which were founded for a pecuniary j ing, educational and journalistic list. We drain upon the South. So the South is have all of the ready material with which not so well off with such institutions, as it, to do it, if we will but direct our means from a casual eye, might seem. But all in the proper channel to do it and pull institutions that are operated in the together for it. We can start with our South, that keep their earnings here and raw material and put it through to the are held further to develop the South, are finished product for the world, if we will more or less blessings to the South, only arrange for it. We can carry most whether their proprietors are local or of our insurance protection in the South, if we would only do it. We can patronize foreign men. T h e S o u t h got a crushing backset home enterprises more, if we would just from its civil war. Up to that time, it, want to. It takes all of this home patron perhaps, was equal, if not superior, in age to put the financial footing of the wealth, to any other grand division of the South equal with other territories and to Nation. But “Sherman’s march to the make us individually more prosperous. sea” and other crushing blows that it got Why can’t we do it ? during those days of conquest, laid the T h e S o u t h should not knife itself. So South in waste and left it a total and de long as we patronize, especially, foreign molished financial wreck. But the splen corporate and manufacturing interest to did progress that it has made since that the exclusion of steering and pushing disaster, in bringing order out of chaos, such home enterprises, just that long the South has demonstrated an indomin- will the South be knifing itself. By so able spirit—worthy the plaudits of the doing, we are sacrificing our own pro whole world. It has shown what it can gressive prosperity as a people and, as in do in coming to the front again, and these dividuals, are building up the giganic lessons in adversity and returning pros pecuniary success of those out of the perity, should encourage, us to do our South. Yes, by such a course we are en best, with the proper method to move up riching others and pooring ourselves. shoulder to shoulder with others on the We are thus giving them a precedent and an independence over us and are financial front again. T h e S o u t h should view its real condi holding ourselves back from going up tion all along calmly. It should not be neck and neck with them. Why does a come discouraged over past calamities, pecuniary panic in the North affect us so nor should it stagger at coming and un- seriously in the South and yet does not forseen obstacles. But it should deliber put an effectual change on our brethren ately move on to the front. That is, I west of the Rockies? Why, simply be repeat again that we should awake to a cause the South has helped to erect full realization of our true situation and giganic corporations North instead of should execute more energetically our building such enterprises for itself; and energy and courage in behalf of the because our extream western brethren natural advantages that we have at our did not do such a foolish thing. This is command. In addition to the proper the “milk in the‘cocoanut.” The North utilization of such natural products, we jhas the “milk” and the South the “cocoashould put ourselves abreast with other |nut.” We spent most of our earnings 26 T H E TIMMONIC N orth. Hence, we are, th ereb y, pecun iarily dependent upon the N orth. T h e W est kept its earnin gs at home. Its head was not like a cocoanut in this featu re : and hence it has a plenty of “ m ilk” of its own. T h a t ’s the reason w hy a panic N o rth affects us and does ro t so badly affect the ex tre a m West. T h e S o u t h shakes in its knees every time the N orth sees fit to pull off a finan cial panic. A t these times, the South re minds me more of the old d a r k y who had pledged himself to protect his master under all peril. W hen the rob b ers w ere b rea k in g in at the outer door, the d a r k y g r e w t e r r ib l y shal<y, and trem bled at the knees, s a y i n g : “ Y a s , sah, Boss, I ’s gw ine ter stay hea’ wid y er, b-b-but y e r ’ ll haf ter d-d-do y e r own fit’n ’ . Y e r g e ttin ’ narvous done gw in e a n ’ g-g-got me sk-sk-skeard ! ” W hether that panic is put on purposely or otherwise, the South suffers and the West does not. It is the centralization of money N orth through its big enterprises, and a failure of the South to keep a proportionate amount of such wealth at home, that is responsible for such distressing southern conditions. We are thus sim ply at the m onetary m ercy of the N orth. And we will alw ays be at such a m e rc y as long as we do not patronize home enterprises more and thus keep a p rop er proportion of this money in the South for our own financial protection. If we will only do this, it w o n ’ t be long before the South will begin to develop more rapidly and will be independent and free from the evil effects of n orthern financial panics just as is the West. F o r stro ng corpora tions do d ra w and centralize the money of a cou n try and make ev ery b o d y more prosperous in their te rrito ry . T h e S o u t h was discussed recen tly by m yself and some gentlem en d irec tly in terested in certain n orthern interests. T h e y made a point that their companies put more money back into the South than they take out. In some instances this m ay be true. B u t when I made the points that those companies had the right to control w hat investments they put in the South and that those investments usually have no amelioration upon the evil effects of panics in the South, those gentlem en saw the arg u m en t and have not answ ered it yet. F o r e ig n corpora tions have never left in the South as much as they have d raw n from the South. It is absurd to claim such. W hat claims they have paid and what investments they have m ade— all com bined— have only been m erely a portion of that which the South itself has paid to them. A ll of that which they take out of the South and all of that which they leave in the South— yes, a ll of which in one totai whole, they control and operate to the interest of the te r r ito r y in which is situated th eir home office and their c h a rte r for operation. L e t the South w ake up to these facts. T h e S o u t h is w ak in g up some. It soon will see the true light upon foreign corporate facts. T h e n it will see the real reason w h y it should become enthus iastic over, and should support, home enterprises more than it has done here tofore. Because such a patronage is absolutely necessary for the S o u th ’s fu tu re p rosp erity and financial indepen dence. I f we, as southern financiers, do not do this, we will s u re ly rob ourselves of an equal success with our northern and w estern brethren. F o r it is certain ly true that corporations which are op eratin g with their h e adq uarters in and their c h a rte r under southern te r r ito r y do w ork to the end of southern p rosp erity and money independence. Such an effort is as much to the interest of all indi viduals and even the whole South. So we cannot make a mistake in sup p orting and encouraging’ home enterprises. We make the mistake in not doing so. F o r then we are aiding and en cou raging the concentration of money out of the South. T h i s old theory that the bulk of money has to be concentrated at Wall S tre et, is not only an illusion to the people, but it is a clever scheme upon the other t e r r ito r ies of the Union and especially upon that of the South. T h e S o u t h can dem onstrate its ability and if it will only put itself on an equal financial footing with that of any Other te r rito r y , the South will find that other territo ries will have more respect and ap preciation for it. We must ‘ ‘prove the steel,” gentlem en, before w e can “ w ear the sp u rs .” If we do not win the financial success that we are entitled to with our environments, we cannot hope to gain a p restige and independence with the more prosperous sections. — T h e S o u t h should weigh this featu re ; and other sections should be proud of it. With all the money powrer of the Nation concentrated at Wall S tre e t (or even scattered through the N orth), is a serious predicam ent for the Nation. W hat if a foreign foe w ere to dash down upon N e w Y o r k or the N orth, capture and subdue 1 that te r rito ry , how, with all of our money interest concentrated and captured, could the South rally successfully to the N orth, recapture the e n e m y ’s booty and defend the honor and freedom of the N a tio n ? A n d how could any other crip pled financially section come to the N o r t h ’s rescue, if Wall S tre e t is to be the money centralized spot of the N ation? T h e s e are m atters w o rth y of our most serious and thoughtful consideration. y T h e S o u t h should be a financial center junto itself. So should the East, the N orth, 27 the Middle West and the E x t r e m e West. Such a7i~TtKlTvT(Tual stronghold for each division, would not only give to each sec tion an equal p restige but an equal pow er to defend the others, in case of fo reig n attacks. It would m ake the National Governm ent p ractically im preg’nable and would give it a strategetic powTer much h a rd er to overthrow. Instead of there being one centralized money' power, there would be several that a foe would have to upset, before it could successfully subdue the Nation. So w e see from a national viewpoint, as well as from sectional pride, w h y we should strive all the more to put the South on an equal m onetary basis with any other section. T h e S ou th has had several setbacks and retardations. It looks like that about the time it gets in position to make wonderful progressive strides, some treacherous and complicating thing’ springs up and puts a stumbling1 block in its way. That which I shall speak of now will only be in the light of its retarding effects upon the South. Many of its other evil effects were discussed in the former issue of T h e Timmonic. I refer to pro hibition. Its purpose may have been steered for a good end ; but its progress is bringing about worse conditions than the good of its end in view. There is a determined effort on the p.irt of those who are boosting’ the issue, to sacrifice the whole manufacturing interests of the alcoholics and to confiscate the business in toto. Had the fosterers of such a move ment made their fight against the abuse of the commodity and to place the manu facturing of it under more rigid and legal laws, for its safe purification and protection, they*would have championed a cause that all sober thinking people would naturally have catered to. But, honestly, no sane, thinking person can I I ] I ; Reproduced from the Unclassified I Declassified Holdings of the National Archives T H E SOUTH 28 T H E TIMMONIC conscienciously endorse such a wholesale destruction of p ro p e rty and indespensable essentials as the prohibitionists are attem pting’, unless his better ju d g m en t is drow ned in the sea of much frenzied fanaticism. Y o u m ay cite a thousand dif feren t indispensable articles of which alcohol is an essential element and ask the prohibitionists w hat the-y are going to do for these articles, it they confiscate the alcoholics ; and they will tell you that they will get som ething else. A s k them then w hat that som ething else i s ; and they will tell you that they don’ t kn ow — and they don’ t know either. N eith er does any one else. So this prohibition policy is becom ing a g r e a t dra w b ack to the South, in fighting a m an u factu rin g industry that, when p rop erly regulated, is as much an essential enterprise as is any other one in the South. T he S outh is g e ttin g into another serious p redicam ent that needs to be cor rected. It seems to be, however, a sequela of prohibition. T o illustrate : T h e med ical profession is more or less dependent upon the ills of health for its livelyhood and support. Im agine, now, this pro fession, or any of its m embers, advocating and en cou raging unsanitary conditions, or an y th in g else, with which to stricken people by which to p rosper financially. T h i s would be a serious state of affairs, w ouldn’ t it ? I think so. T h e legal profes sion is just as much dependent upon the legal m isfortunes of people for its lively hood and support, as is the medical pro fession upon the ills of health. So think of the legal profession, or any of its m em bers, en co u rag in g treach erou s and com plicating laws, or setting legal traps, by which to ensnare honorable people for a pecun iary p ro sp erity , w hen other legal m atters get dull in their line of business. T h i s is another featu re that would be a v ery bad state of affairs, too, w ouldn’t it ? Yes! Well, I will cite you a thing or tw o : T h e suprem e court of Tenn essee says that a F e d e r a l license is p rim a facie evidence of the holder selling alcoholics and that conviction m ay be had upon the same. T h e F e d e r a l court says that dru ggists cannot sell alcoholics even upon the prescriptions of physicians without F e d e r a l license. I f a d ru g g is t sells the product without F e d e r a l license, he has violated both State and F e d e r a l law. I f he has F e d e r a l license and hasn’ t sold one bit of the alcoholics, he is g u ilty an y w a}T, because he has the license. H owever, if he sells it with F e d e r a l license, he has still violated the state law and is sub ject to a fine. So there you are ; and it has happened in Columbia, too, as well as at other places. M any other treach erou s legal complications have occu rred all over the whole South as a result of the in compatibility of prohibition laws. l a i n not accusing the legal profession of en c ou raging these laws with a selfish pecun iary end in view. B u t they are compli cating laws from which no one d raw s much pecun iary gain, save the legal pro fession. T h ose laws are too much of a one sided affair; and fo r this reason, they should be com patibly ad justed to the needs and w e lfa re of the common wealth. If the en couragem en t of such complicating laws is too persistently in dulged in by many of the legal profess ion, such an act, itself, will become prim a facie evidence that it is a legal holdup proposition. Bu t no m atter from which point these treach erou s and complicating laws may be viewed, the fact remains that they, uncorrected, are sta g g e rin g the p rogress of the South and, therefore, should be corrected. T he S outh should encourage every industry, institution and enterprise that 29 is within its domain. It should make the | to hold up the other and the people, after field inviting for others to come within all, is paying all of the expenses. its borders. A proper regulation of T h e S o u t h is needing in the feature of them is no drawback to honorable and having her highways better developed honest investors. And all of these features and her streams dredged, locked and are very essential to the South’s further dammed for navigation, so that it may growth and development. If you want move abreast with the “Dream of Tim e” to kill a nation or section of country, or It is making some progress along this if youjwant to retard the prosperity of line. However, the most of it is being any people, simply blockade the growth done in a local way. About election of its industries, institutions and enter times, we hear much of these needs prises and ypu will do it. Play the especially from our aspiring candidates treacherous and unjust act with any line to national offices: and when the election of industry, the others will take warning, is over, we don’t hear much more of stay out and you will have an injurious these much wanted needs, until another retardation of financial progress. Set up national election is on. Then we are and stand for your complicating laws and worked with the same old “needed” dope. you make your courts a game of chance, The South needs good representatives in rather than a tribunal of justice, and our natiunal legislative halls much more when it all is over, what have you in re than the representatives need the office. turn, save no credit, anarchy and govern T h e S o u t h is beginning to get a cer tain line of enterprises that is destined to mental chaos? T h e S o u t h Should look with a serious do much toward its needed financial pros eye toward those conditions and should perity. It is the insurance companies of guard itself safely against such an evil the South. I have already intimated this predicament. The railroads, telephones fact, but now I will discuss it. Not only and telegraphs have done much toward do foreign insurance companies take out developing the South to its present state more money from the South than any of growth. The former connect distant other class of corporations, but there are territories within a few hours ride and some other possible treacherous features the two latter unites them within any one about them that we might well consider district at any one time and make busi in behalf of southern interest. Of course ness and progress more sure and rapid. it may look strange that I should first They are enterprises that the people speak of the united sympathy and interest cannot successfully eliminate and the of the Union and then intimate as if there people are the element without which might be a disturbance among us. As to those enterprises could not thrive. The our Government being attacked by a success of each are so interwoven that foreign foe, we are united in sympathy neither could prosper without the success and interest to protect and preserve the of the other. Paralyze either and you Union. But when it comes to a contest retard the progress of the other. I hope of commercialism among ourselves, each to see the day when all will see and appre division is supposed to lookout for itself. ciate this fact and when all will work in So now I am going to lookout for the harmony for the success and prosperity southern section. of. all. As it seems now, each is trying T h e S o u t h cannot successfully lookout Reproduced from the Unclassified I Declassified Holdings of the National Archives TH E SOUTH 30 T H E TIMMONIC for itself, unless those who are enthusias tically enterested in it lookout for it. It is good for us to have some forethought and look ahead of us at possibilities, or other wise we are a bad set of speculators. Others may criticise our forethought, but all good speculators usu illy see what is confronting them both bad and , good before they invest. So let us have a keen eye to the fu tu re about this insurance feature. N ow , in case the South should suffer much disease, or fire calam ity, or both, d u rin g which time it would pecunia r ily involve the foreig n insurance com panies most heavily, those companies would have an easier time “ b u c k in g ” their obligations than would the home companies, because you could get at the bulk of the p roperties of the latter con siderably more read ily and would have a court as much in s y m p a th y with the insurers, to decide and force paym ent of the claims. Or take it on the basis that all foreign courts would be im partial with such decisions, then southern claim ants would be at a much g r e a t e r disad vantage and expense in m aking out their cases and collecting fo r the same, than they would be before southern courts, in southern te r rito ry , against southern companies. T h e s e are w eigh ty facts that we have to our advantage in patron izing southern insurance companies, as well as that of keepin g more of our money in the South. T he S outh should not overlook this v e ry im portant fact. It is tru e that much wealth elevates and pom pers an in dividual, a state, a t e r r it o r y or a nation to the exten t that either looks down upon another not so w ealth y with some degree of air above the one not so fortunate. Not only is that true, but much wealth gives much pow er ; much pow er encour ages and gives much dom ination; and m uch domination sacrifices and crow ds out the righ ts and privileges of the less w e a lt h y ; which in tu rn b rin g about sectional dependence. So it becomes necessary for one section of country to build an equal financial footing with that of an y other, that it m ay maintain its prestige and self-respect with the other. We have observed this fact to be true in the annals of history more than a few tim e s; and if we continue to help build up foreign gig an ic en terprises at the sacrifice of our home and southern ones, we cannot expect a n y th in g else, save to add another chap ter to the annals of his to r y — “ T h e Lost P r e s tig e and the Disre spect for the South b}^ the L a t t e r 's Indo lence.” T he S outh has the two previous p ara g ra p h s over which to meditate reflective ly and seriously. N ow just let us view a featu re by which one m ay legitim ately be frigh ten ed or bluffed out of what is ju stly his in connection with those p ara graphs. It is another phrase especially of foreign insurance. I am now going to speak of contracts with accum ulating values. I could not help from being forcibly im pressed at this featu re which resulted from the A r m s t r o n g Insurance Investigation a fe w y e a r s past. A t that time, there w as an old gentlem an h e r e in Columbia who had a v e r y valuable con tract with a certain foreign company. He had carried it some years. It was worth cash about three thousand dollars. He w as a leading business man of the City. B u t he w as clim bing up in y e a r s and that investigation frighten ed him, as it did many, m any other high class policy holders. He called for his cash s u rre n d e r. He had had a stroke of paralysis, was not in the best of health and the com pany knew of it. Hence, he read ily got his coming “ d o u gh .” T h i s gentlem an died T H E SOUTH 31 in a y e a r or two a fte rw a rd s . F r o m bis I acumen of now-a-days says that the loser frigh ten ed settlem ent, it cost his estate is entitled justly to his lost. Bu t a person about thirty-five hundred dollars and who has once been frigh ten ed thus, is a saved it to the com pany. O thers here in knave, if he rem ains fran tic alw ay s and M a u r y county called for a cash settlement does not g u a rd well his fu tu re course of their policies tool An d from what from such an experien ce. So from such facts I have been able to gath er, that local results, as we have had South from A r m s t r o n g investigation lost to M a u r y that A r m s t r o n g investigation (howsoever county alone not less than fifteen or honestly it m ay have been instigated), tw e n ty thousand dollars and saved that we can g a th e r that a com pany does not much to foreign companies on the face of have to flatly refuse to meet its obliga cancelled contracts. M a u r y county is a tions to keep much of that that, in a w ay, very small ratio com pared to the whole belongs to many of its policy holders and insurance t e r rito r y of the South. So that to other sections. I f many policies, with investigation must have cost the South accum ulating values, are about to m ature hu n dreds of thousands (m ayb e millions) and which are go ing to hit the companies of dollars that w ere saved to foreign; com h e a v ity , one thing that the companies can panies in their g e ttin g advantages of ac do to save themselves from much indebt cu m u latin g values to the policy holder at edness, is to start a big hullabalooing in the most opportune time to save the com surance investigation and, like a stam panies. Such was the result of a fran tic peded herd of buffaloes, m an y policy scare from investigating committees, holders, with accum ulating values, will voluntarily and fran tically give up the courts, etc., in a foreign field* T he S outh really should consider that best end of their contract, to get “ What featu re as a result of the A r m s t r o n g in can be gotten out of the shaky [?] com vestigation. I take it for g ra n te d that pany before it b re a k s .” T h e r e f o r e , in this investigation was instigated for the the first place, such policy holders p ay protection of the policy holders. But excessively high ra te s to foreign compa did the South and its polic}^ holders really nies with a view of reach in g a certain prosper by it. I think that I have shown e n d : and, in the second place, these facts w h e re b y those foreign corporations policy holders are frigh ten ed out of their and their t e r r ito r y prospered. A n d I expected end and leave it with those fu r t h e r think that I have showed wherein foreign companies. In this w ay , a foreign the South and many of its policy holders section m ay become -lavishly enriched by helped to profit those foreign companies financially d rain in g another t e r r ito r y out and their section by being scared to the of excessively high rates, without the lat act of forfeitin g valuable contracts. T h i s ter ever reco verin g the full value of that is a smooth scheme at which no one can for which it started paying. T h i s feature get legall37. But it is an object lesson is somewhat like pluckin g n u g g ets of gold from which w e can d ra w beneficial con from off the end of a rainbow and b a g g in g clusions, which can aid. us in s te erin g our shadows in the shade of a tree. When fu tu re interest with referen c e to the in you get down to the real thing, you find surance feature. I know that if a person that you have only been rainbow chasing has a good contract and is scared out of and d rea m in g of shadows and that the the best end of it, shrew d business real idle of y o u r illusion is centralized 32 T H E TIMMONIC and congealed at other places than home. B ut insurance is as essential to business as is any other feature. It is a phase of business success that cannot be eliminated from business. Y e t with a p rop er r eg u la tion of insurance, that t r ic k y featu re can be shut out. A n d nothing else will do it so well, as will the en cou rag in g and estab lishing of big insurance companies in the South. Competition betw een sections, help g r e a t ly to make the competitors in each section to be more safe, secure and honorable in their business transactions. So do not overlook the developing of such a competition* in the South. It will make business more prosperous South and more safe elsew here in the Union. T he S outh can look at another phase that is to its advantage in insurance in vestigations. In the first place, the South can reg ulate its insurance companies to a better advantage fo r itself and its policy holders than w7ill any other section. T h e n its policy holders are not so liable to be come fran tic on an insurance investiga tion of their own southern companies as they are on the investigation of foreign companies. Besides, in the second place, should they become so frigh ten ed and su r r e n d e r the best end of their contracts, it would still leave both that of which they and the companies got in the South. T h i s is an item that should not be o v er looked in puttin g the South on an equal financial basis w ith other sections. *1 do not mean to insist on forfeiting- valuable contracts with foreign companies which have been accum ulative in course of time. Neither do I mean to urge the cancelling- of foreign straig-ht or whole life policies which mean a much higher rate to such forfeiters in going- into any other company a t an advanced age. Such an action is not good business judgment and would be an unnecessary sacrifice of pecuniary interest both to the insured and their section of country. B u t I do mean to insist upon and to urge those who are look ing for beginning protection even in all lines of insurance, to figure with their southern companies on an equal ratin g and ad van tage and to help keep more of our money in the South by such southern patronage. T he S outh needs to offer some induce ment and much encouragem ent for the establishment of big woolen mills within its t e rr ito r y . W e have some cotton mills but there is much room for a g r e a t e r progress in this line too. T h e South is a p rodu cer both of cotton and wool. In the fo rm e r it equals (if not excells) the world. In the latter it furn ishes its share and has the environm ents to still do bet ter. T h e money that the South pays out tor those finished products annually, is a youn g fortune for most an y section of country. So with the abundance of such r a w material within our section, there is no reason w h y we should not p rep are to convert it into the finished products our selves and thus keep more of our mone ta ry earnings at home. In practically every other thin g that is finished and sold to us by the outside world, we have the raw m aterial out of which w e could finish such things ourselves. T h e s e are other items for us to consider in our efforts to put the South abreast with an y other section. T he S outh is seriously lackin g in sym pathizing journalistic publications along the line of m atters u rg ed in this article. On the su rfac e they pose for it. B u t — and but a g ain — too m any of them are financed b y foreig n capital and are dominated by an interest more keenly for another section than the South. T h e s e statements may be questioned by some am ong the leading press of the South. B u t the best method by which to dispose these c harges to an intelligent rea d in g public, is to drop in line and sanction that for which this article is u r g i n g ; or, otherwise, such a press is not heart and soul in s y m p a th y with such a progress of the South. A n d again the southern press is too political and not enough sceintific and philosophical in its tacticts. It THE SOUTH 33 is too much for the greed of self and has flouring mills. It is putting out finished not enough of philantropy for the com products in this line that are equal to mon cause. T he more of selfishness that such anywhere else in the world. But it has, the more it indulges in character we could welcome more flouring mills at abuse and chaotic governmental princi various places in the South. T h en the ples. And even that portion of the press South needs more packing houses. T his which spurns such ill tacticts, is indolent way of shipping so much live pork, beef to the scientific strategem by which to and such like out of the South and getting cope with those tacticts. When every it all back cured and ready for the roaster thing that has an essential phase is at and frying pan, is an unnecessary double tacked, the intelligent press should not transportation cost that could be elimin only be astute to such essential features, ated, to say nothing about other accumu but should immediately begin to make lative incidential expenses therefrom . logical defenses against the bosh of ignor These are items that add to an already ance. If this had been done against pro high cost of living; and we should begin hibition, prohibition would never have to devise wisely the holding of the essen reached the height of chaotic complication tial sustenance of life within the reach of that it has. You can drive the best in all. W hatever human beings are entitled telligent nation into believing the most to in this world, they are certainly en absurd and foolish things imaginable, if titled to something to eat and to wear. you will just continue to hammer at such T h e S o u t h is wanting badly in canning absurdities and nobody else attem pts to factories. However, this feature is be show up the real policy and evil of them. ginning to be developed lately. More of T his is a physical fact now too well these in the South will help to give em dem onstrated to be questioned by a well ployment to labor, food and raim ent to balanced mind. the masses and help keep much more T h e S o u t h needs to develop its latent money in the South. As our people in magazine talent. It has much in store crease, it becomes a problem to prepare that needs encouragement. Knowledge and preserve wholesome food for our and intelligence are no bad assets for any densely increasing populations. The community. Upon the two depend civili looking to and encouraging canneries in zation, refinement and progress. T h e the South now is no bad movement for East has long been developing her intel more good reasons than one. lectual reserve in that lin e; and the E x T h e S o u t h is getting scarce of its for trem e West is following suite. Both are estry. Buildings are continually being now the most wealthy sections of the Na erected all over the whole world. Many tion. If I continue in the magazine busi such structures are destined for the ness, I hope soon to arrange to offer valua future. Lum ber is going up. T im ber ble prizes to southern am ateur w riters, is giving out. We have to have it. Soon simply to encourage that class of aspir the South will have to purchase it from ants to the a rt of professional w riting and foreign m arkets at fabulous prices. So because that the South also needs such it is now far past n£x>n for us to begin to encouragement to effect its unexcelled look to the preservation of what young forestry we already have and to begin to prosperity. T h e S o u t h is q u it e w e l l b le s s e d w it h start more to growing. If we don’t do 34 T H E TIMMONIC th is w o r k , soon th e p u r c h a s i n g of l u m b e r in o t h e r sec tio n s w ill f ig u r e a h e a v y p e c u n i a r y d r a in upon the S o u th . A n d i f w e a r e not g o in g to p r e s e r v e a n d c u lti vate su ch an e s s e n tia l g r o w t h , it b e c om e s all the m o re ev id e n t t h a t w e should begin, to save m u c h of o u r m o n e y o th e rw is e , b y d e v e lo p in g th e o t h e r f e a t u r e s advocated in th is a r tic le , so as to have th e “ w h e r e w i t h ” to p a y in e x c h a n g e f o r su ch b u ild in g m a t e r i a l as w e ai e s u r e to n ee d . B u t w e can p r e s e r v e in 1 i velop m u ch of o u r n ee d e d f o r e s t w h ic h will m a k e the S o u th all the m o re p r o s p e r o u s and in d e p e n d e n t. So l e t ’s do it. T h e ; S o u t h is l a c k in g g r e a t l y in one m ain f e a t u r e f o r its p ro g rt ss to the goal. It is o rg a n iz atio n a n d union u) p u rp o se. T h i s f e a t u r e is d e velo pe d to l 11101 e n e a r l y p e r f e c t e d d e g r e e in th e E a s t , N o r t h , M id d le and E x t r e m e W e st. T h e busi ness of each o f th ese sections pull m ore u n if o r m l y t o g e t h e r fo r p r o s p e r it y and su cce ss than w e do. O u r business is too m u ch a lo n g a selfish line y e t f o r us to m ake m a n y v e r y w o n d e r f u l s trid e s . We can see this f a c t in the S o u th as a se tiun in m a n y to w n s as s e p a r a t e places tml in business fir m s as in d ivid u a ls. T h i s s u i t of b u sin e ss will have to look to o rg a n iz a tion and union o f p u rp o s e fo r a b e t t e r g r o w t h and d e v e lo p m e n t of the S o u th , w h ic h , in t u r n , w ill g iv e a b e t t e r su cce ss to each busin ess lirtn in d iv id u a lly . E a c h business t r y i n g to push its e lf selfishly, on the w h ole, does its e lf b ut little good and its section of c o u n t r y none w h a t e v e r . S o let us g e t t o g e t h e r w ith an o rga n iz ation fq,r a union of p u rp o s e , w o r k e n e r g e t ic a lly f o r i t ; a n d p r o s p e r i t y w ill be m o re s u r e to com e to all. , T h e S o u t h had a L o u is ia n a l o t t e r y once th at w a s b r i n g i n g m on ey w ith in its b o r d e r s b y the m illions. B u t th e N a t io n al G o v e r n m e n t go t in a f t e r this g a m b l i n g d e vice a n d closed it up, w h ic h should have b een done. B u t N e w Y o r k has a S t o c k E x c h a n g e no w . It is s itu a te d on W a ll S t r e e t . F r o m w h a t is said a b o u t it, th at g a m b l i n g d e vice s c in tilla te s th e p e c u n i a r y volu m e of b u sin ess o f the a b o lis h ed L o u is ia n a l o t t e r y into th at of a ta llo w ca n d le as c o m p a r e d to an a r c lig h t. S o m e of the p o or c h a n c e r s did g e t so m e t h in g f r e q u e n t l y b a c k f r o m th e old L o u is ia n a s c h e m e ; b u t f r o m w h a t is f u r t h e r said a b o u t th at N e w Y o r k S to c k E x c h a n g e , o nly the s h r e w d g a m b l e r s g e t the “ d o u g h ” ,and the po or c h a n c e r s “ th e f i g u r e s . ” T h i s is a g a m b l i n g d e vice th at c o n c e n tr a te s m on ey, th at flu c tu a te s in an u n staple w a y s to ck s and bonds, food and r a im e n t ; and o u r G o v e r n inent should ; g e t in a f t e r this p rocess o f g a m b l i n g and stop it. S u c h a p r o c e d u r e w ou ld b r i n g abou t a, b e t t e r a n d m o re p e r m a n e n t a d j u s t m e n t b etw een c a p ita l a nd lab o r. T h e n in v e stm e n ts w ould be m ore s e c u r e . W age, p a y m e n t , food and r a im e n t w o u ld also be on a ippre .u n iform and s a tis f a c t o r y basis. T h e w h e e ls of p r o g r e s s w o u ld h a v e f e w e r f ric tio n a l and d i s t u r b i n g cog s in them* P e o p l e w o u ld be m o r e satisfied, m ore co n te n ted and p r o s p e r i t y m o re uni f o r m t h r o u g h o u t all sections, as w e ll as t h r o u g h o u t the section in w h ic h this g a m b l i n g is p e r m it t e d o r to le r a te d . T h e S o u th is rid of its n a tio n al l o t t e r y busi ness. L e t the E a s t be lik e w is e . And th en w e all will g e t a lo n g b e tte r . T h e S o u t h is m y native hom e. I am a son of h e r soil. W ith in a p io n e er log c ab in not f a r f r o m the b a n k s of the flow in g s t r e a m of the classic D u c k , I was born. T h e lin e a g e o f m y a n c e s t e r s a r e all s o u t h e r n . M y f o r e f a t h e r s p la y e d th e ir p a r t in the “ B a t t l e s of th e N a t i o n .” The R e v o lu t io n a r y W a r , the “ B a t t l e of K i n g ’s M o u n t a in ,” “ T h e S ie g e o f N e w O r l e a n s ” “ T h e F r e n c h a nd I n d ia n W a r , ” “ T h e 35 Mexican W ar,” many of the Indian skir of love and patronism for country and mishes and on down to the Confederate southland as was theirs. I shall ever be W ar,” all are seiges in which my ances within the threshole of right and chal tral line participated in the interest of lenge the injustice of all. I will fear no American L iberty and southern Chival evil to the sacrifice of tru th and honor. ry. None of them were traitors to the I stand for the liberty, the freedom, for cause and sherked the bugle call. I am good conservative and compatable laws welded to the faith and spirit of my an- and for the unparalled prosperity of the cesters and I am awake to the needs of South as did my forefathers. I shall con my people. I love my country and my tinue to strive for it and to point out southland. I will help to fight h er civic means and ways by which it can be ob and industrial battles to the cause of her tained. And when I am dead and while prosperity and glory. I am bred with a my toungless dust cannot speak, yet my heart that fosters no hate and a soul that added billowed mound to those who loved begets no malace. I am foreign to treason and respected the South and the Nation, and the treading upon human r ig h t; and shall not disgrace the living honor of before I would do either, I would bare these beside whose dreamless ashes my my bosom, receive the steel and be gath own mound some day will stand. ered unto my fathers with the same spirit There’s something very touching About a Bum blebee; And if you don’t believe it, Sit down on one and see. There’s something fiercely piercing As you and I could see, If we would only sit down Upon a Bumblebee. Reproduced from the Unclassified I Declassified Holdings of the National Archives THE SOUTH THE TIMMONIC 36 The Timmoriic Co l u m b i a ’ s VOL. I dev o ted t io n quarterly DECEMBER 1912 to thou ght , know ledge NO. 2 a n d educa , B A SE D ON FU N D A M E N T A L TR U TH S official record become a football in T en nessee for designing and unscrupulous am ateur official aspirants to kick about at will, as a just crime against a worthy man’s election ? Tennessee or the South has no abler man to represent it in the Senatorial hall of the Nation than Benton McMillian. 10 C e n ts T h e C o p y P e r Issue Both legislative houses of Tennessee went Democratic at the recent election. About the best thing they first could do COLUMBIA, TENNESSEE after organization, is to pass a ruling to cut out the per diem for each day of T ru th , out of its environment, is as un those who do not answer to that day's popular as is falsehood under adverse cir roll call. T his would stop a legislative cumstances. But if the whole world lies, hegira, prevent loafing about hotels, soft you tell the truth. drink stands and elsewhere and make a representative attend to that for which T he N. C. & St. L. railroad is offering he was elected. splendid through service to Florida. Its equipment is first-class and over the only Maury county for the first time since real scenic and battle scarred route to within the shadow of the dregs of the the southern clime. W inter tourists will Civil war went Republican in her past find it their interest and pleasure to go G ubernatorial race. But her able and this historical route for vacation and sea distinguished Congressional representa tive managed to save his seventh Congres shore resorts. sional district to the Democratic guber Boodle, whiskey “ moral up-lift,” “good natorial nominee by the appalling ma governm ent” and “Jaw enforcem ent” is an jority of twenty-seven votes. im pregnable power with which to get votes and a combination th at even the T h e way some of the “ moral uplift,” devil himself does not spurn. the “ good government ” g.nd “ law en forcement ” crowd disposed of whiskey Gov. Ben. W. Hooper was re-elected during the past election in Hickman Governor of Tennessee for two more county and elsewhere, is classed as the years. At the expiration of that time, “ A buseof Alcohol” by T h e T im m o n ic . everybody should be satisfied with his And if any of the Democrats disposed of business administration. any of it for a like purpose, their action does not change such a classification. E. A. TIMMONS,. M. D., EDITOR Benton McMillian made an unexcelled executive when Governor of Tennessee. W hen one enters the legislative halls of He was none the less efficient as repre his State or Nation to represent his cons sentative in the Congressional hall of the tituents, he is honored with a very re Nation. Has an untainted and peerless sponsible position. He is sent there for Reproduced from the Unclassified / Declassified Holdings of the National Archives RI GHT L E T T E R THE WESTERN UNION TELEGRAPH COMPANY IN C O R P O R A T E D 2 5 ,0 0 0 O FFICES IN A M ERICA CABLE SERVICE TO ALL T H E W ORLD This Company T R A N S M IT S and D E L IV E R S m essages only on conditions limiting: its liab ility , which h av e been assented to b y th e sender o f th e following: N i g h t L e t t e r . E rro rs can bo guarded against only by repeating: a m essage back to th e sending statio n fo r com parison, and th e Company w ill n o t hold itself liab le fo r e rro rs or delays in tran sm ission o r delivery of U n r e p e a t e d N i g h t L e tte r s , sent a t reduced rates, beyond a sum equal to th e am o u n t paid for tran sm issio n ; n o r in an y case beyond th e sum of F i f t y D o lla r s , a t which, unless otherw ise stated below, th is m essage has beeu v alued by th e sender thereof, no r in an y case w here th e claim is n o t presented in w ritin g w ith in Sixty-days a fte r th e m essage is filed w ith th e Company for transm ission. This is a n U N R E P E A T JED N I G H T L E T T E R , and is delivered by req u est of th e sender, u n d er th e conditions nam ed above. THEO. N. VAIL, P R E S I D E N T R 2614 e c e iv e d a t 4 1 C WK BELVIDERE BROOKS, G E N E R A L MAN A G E R w t 6 5 NL 13 £X NA S HVIL LE TENN 2 4 DEC 1 9 1 3 ' Tn14 HON W G MCADOO “ SECY TREASY WASHN DC N ASHVIL LE VERY DESIROUS THAT REGIONAL rv S * . ........... ........ * i ! J BANK BE LOCATED HERE APPROXIMATE LY TQ LARGE AREA AND MANY LARGE C I T I E S REACHED OVER NIG H T VERY STRONG NATIONAL BANK CENTER OUR BEST CONGRATULATIONS ON PASSING OF B I L L AND ASSURANCE OF HEAR TI EST COOPERATION IN EVERY WAY WE CORDIALLY I N V I T E YOU TO V I S I T US WARMEST WELCOME AWAITS YOU HERE NASHV IL LE CLEARING HOUSE A S S O C IA T IO N NA S HVIL LE IN D U S TR IA L BUREAU R L BURCH NAS HV IL LE BOARD OF TRADE E M FOSTER Reproduced from the Unclassified I Declassified Holdings of the National Archives February 10th* **14* Sirs The Reserve Bank Organiaaticn Commit mill be glad ta hear representative# of Naehvilla'; at it* hearings to he bald la the Court of Appeal*% room at Cluelnsiatl February 16th, beg inning at 10 A. 1* ?leaee ©end me liet of thoee .deelrtag to be heard* mailing duplicate te H&tloaal Bank Sxaiainar Gearg# Be Camp* 209 Ooveraaent Building* Cia’atanatl* Beapeatfullyt Secretary, Reserve Bank Org&nlzatien Committee* Chalraaa, Chamber of Cem&erce, Ifa* tarII le, Tea iu Reproduced from the Unclassified I Declassified Holdings of the National Archives VMV February 10 th, 1914* Sirs The R«'ft0nre Bank Organisation Comaltt## vill be gl®4 to hear rapre*cmtat* ves of Hashvill* at Its Ha a r'ng« to fc# held in thfr Court of Appeal a • roora at Cincinnati* February 26th, beginning at 10 A* M. a*md cio list of tbosa cto«Irlng to be h»ard* mailing dupllcats to Mat Iona 1 Bank &ta&l»4r George Do Camp* 209 ftoYenuaent Building, Cincinnati* Respectful 1Tt Secretary, ft#aery© Baak Organiaction Committee* Chaim&nv Clearing- Hew»o Association, H&sirrille* Tann»«iaeo* Reproduced from the Unclassified I Declassified Holdings of the National Archives J . R . G a r r e t t . A ss t Ma ^ a o er T . G . G a r r e t t , m an ager (Elpartng ifnuae NASHVILLE, TEN N. February Thirteenth Nineteen Fourteen. Mr* M. C. Elliott, Secty., Reserve Bank Organization Committee, V/ashington, D. C. Dear Sir:** Replying to your favor of the 10th., will say that we will have the following gentlemen at the hearing to be held i^Ci^inn^fciFebruary l6th., representing the Uashville'"Clearing House Association;** J. T. N. V. E. T. S. G. P. J. A. D. Messrs McHenry, Vice Pres., Fourth and First Nat1! Bank Garrett, Manager, Nashville Clearing House Asso, LeSueur, Cashier, American National Bank. Alexander, Cashier Cumberland Valley Nat'l Bank. Lindsey, President, Tennessee Bank & Trust Co. Webb, Vice Pres., Fourth and First Nat’l Bank. In addition to these gentlemen, we will have with us:- Robt. Burch, representing Nashville Board of Trade. Jno. M* Gray, representing Nashville Industrial Bureau. D. W. 3inns, representing the Credit Mens Asso. J. J. J. M. F. B. Yf. S. Brownlow, Cashier, Maury Nat'l Bank, Columbia,Tenn. Walker, Cashier, First Nat'l Bank, Centreville, " Brown, Cashier, Springfield Nat'l Bank, Springfield,” Harris, Cashier, Sirqpson County Bank, Franklin, Ky® Yours very truly, Manager Reproduced from the Unclassified I Declassified Holdings of the National Archives ’g xmsurvi ^cpixxtnxmt T E L E G R A M 21P0 A 44 Paid UASHVILIE TBJJH December 27 1 9 1 3 Secretary W*Gr# McAdoo, Washington* D*C. STashville is very desirious of securing one of the Regional Banks Can «how by facts and figures to be a most logioal oity for this Important post. We beg leave to submit the strong olaims of our oity at an early and convenient date* Hashville Builders Exchange. 23 Op Reproduced from the Unclassified I Declassified Holdings of the National Archives EEPO 44 .Bald A jttSfiTCLXB T K M Seeret&ry Deoeafcer 27 1913 Mo&de®, Washington, D.C. tfRsfrrllle la very dttairioae ®f securing one of the Begional Banks Qan show by fact a and figures to be a most logical oity for th i» important pout. W* beg leare to submit the strong claims of onr oity at an early and convenient date. Ifashville Mfrs Assooiation. r 230p Reproduced from the Unclassified I Declassified Holdings of the National Archives ^xzusxtVQ gejrartm m i TEZL.EK 3R A M E3P0 A 44 Biia Efcffll Iteoeatoe* 2? m s seeaw&fcEgr t *$* i&st&oa* iftsiMngton, B .C. 3 a*fcnrtll« C«m la v#*y dtaiflatti of a m of th# togiosisl Bsiiles *gr fe *t« *Ma& flgaroa to bo a simifc lof?«aal aity for this Important post* re Im# I«air© to aubtiit tlm otroog olni**© of o#r oity at m wiriy ooawnient tote* Hashville Commeroiel Club. Reproduced from the Unclassified I Declassified Holdings of the National Archives Q x m s u r # geirartmewt T E L E G R A M 85P0 - 1 44 Paid MSHVILLB TEim December 27 1913 Secretary W.£. MoAdoo, Washington, D.C. Hashville is very desirious of securing one of the Regional Banks Gan show by facts and figures to be a most logical city for this ia^ortant post. We beg leave to submit the strong claims of our city at an early and convenient date. national Credit Mens* Association. <r 130p iff- ' A Reproduced from the Unclassified / Declassified Holdings of the National Archives £ v m s u v % gepartmeut 24P0 44 Wfkit A n & m n z w «BU9 3*aw&«ijr m om sm v m m u *& M m p t&afetngton* !>*c* SsalnrftU* is v**y tmirtoiia nf &aemrtii& cm of vtm drafts dat *&d* fejr ffecrsfc f l p m ta &*» & tM# ' post* '«* Ium^to to m lm i* *!*> trtvoag c M ir n v $ omr n fwftyly and aoaw^iiVttt **&&#» Nashville Business Mens1 Association r 130p Reproduced from the Unclassified / Declassified Holdings of the National Archives D A Y LETTER Porm 2689 B. THE WLSTERN UNION TELEGRAPH COMPANY IN C O R P O R A T E D 2 5 ,0 0 0 O FFICES IN A M ERICA CABLE SER VICE TO ALL T H E W ORLD This Company T R A N S M IT S a n d D E 1X V H R S messages only on conditions lim itin g its lia b ility , w hich h av e been assented to b y th e sender of th e following: S a y L e t t e r . E rro rs can be guarded a g a in st only by rep eatin g a m essage back to th e sending statio n fo r com parison, and th e Company w ill n o t hold itse lf liab le for erro rs o r delays in tran sm ission o r d elivery of U n r e p e a t e d P a y L e t t e r s , sent a t reduced rates, beyond a sum equal to th e am o u n t paid fo r tran sm issio n ; n o r in an y case beyond th e sum of Fifty D o lla r s , a t w hich, unless otherw ise stated below, th is m essage has been valued by th e sender thereof, n o r in an y case w here th e claim is n o t presented in writing: w ith in s ix ty day s a fte r the m essage is filed w ith th e Company for transm ission. This is a n U N R E P E A T E D D A Y L E T T E R , and is delivered by req u est of th e sender, u n d er th e Renditions nam ed above. THEO. N. VAIL, R BELVI0ERE PR ESIDE NT BROOKS, G E N E R A L MANAGE R e c e iv e d a t 14 m no / 9 3 7 EX BUIE i-orni NASHVILLE TEJft <JAN IB 14 HON RICHARD AUSTJN H O F R WASHINGTON DC AFTER CAREFUL STUDY OF ALL PHA8E8 OF THE CURRENCY B IL L »BE CONVINCED FOR WEST INTEREST OF WHOLE COUNTRY WE SHOULD HAVE ONE OF THE REGIONAL BANKS BECAUSE OF OUR LOCATION BEING ABSOLUTELY IN CENTER OF GREAT MIDDLE SOUTH AND FROM FACT THAT WE HAVE THREE GREAT CROPS TOBACCO WHEAT AND COTTON G IV IN G US MONEY FROM TOO OF THEM AT ALL TIM E 8 TO FINANCE THE THIRD AND OTHER REASONS'WHICH YOU WELL KNOW WE S O L IC IT YOUR ACTIVE SUPPORT IN OUR EFFORTS ANB ESPECIALLY ASK SUGGESTIONS FROM YOU NASHVILLE CLEARING HOUSE NASHVILLE BOARD OF TRADE NASHVILLE INDUSTRIAL BUREAU 255P Reproduced from the Unclassified I Declassified Holdings of the National Archives S ixty-Th ir d C o h e w s s . JOHN J. PITZQERALD, N. Y ., OHAIRMAN. •WAOAR SHERLEY. K Y FREDERIOK H . OILLETT, MASS. CHARLES L. B A R T L E T t.^ *. JAM S8 W QOOD. IOWA. JOSEPH T. JOHNSON, S . a t FRANK W . MON DELL. WYO. ROBERT N. PACE, N . O. CHARLES R, DAVIS, Ml NN. QEORQE W . RAUOH, INO. WILLIAM M. OALDEftjN.Jr. JOSEPH W. BYRNS, TENN. WILLIAM S . VAR E. PA. § * THOMAS UPTON 8ISSO N . MISS. WILLIAM H . H I N N A U M ILL. EUOENK F . KINKEAD. N. J . _ '> f WILLIAM P . BORLAND, MO. .' IEOROE WHITE. OHIO. JAMES M CANDREWt, ILL. BRYAN P. MAHAN. OONN. WOOOA N . CARR. PA. COMMITTEE ON APPROPRIATIONS, HOUSE OF REPRESENTATIVES, W ASHINGTON, D. C. 4A M E8 C. COURTS. OLERK. December 27, 1913. MAROELLUS 0 . S H E IL O .\ ASSISTANT CLERKS. I A. RYAN. ) "tii (.Wirttsk kk-v- c l H I S Honorable Wm. G. McAdoo, Secretary of the Treasury, jfQRM My dear Mr. Secretary: I notice from the public press that you and Mr* Secretary Houston contemplate hearings in certain designated cities, with a fiew of determining regional reserve districts, and the location of federal reserve banks under the new currency lav?«^ Nashville, t ennessee,, ^cation for one of these banks, believing that her location is splendidly adapted for it, on account of geographical and good business reasons which will be presented at a later date. I trust that you can make it convenient to include Nashville in your list of Southern cities to be visited. Reproduced from the Unclassified I Declassified Holdings of the National Archives S ixty - t h ir d C o n g r e s s . JOHN J . FITZQES1ALD, N. Y ., CHAIRMAN. SWAQAH SH ERLEY , KY. FRED ERICK H . G1LLETT, MASS. CHARLES L, BARTLETT, < 1 ^ , JAMES W GOOD, IOWA. JO SEPH T . JOH N SO N , S. C- * ' PRANK W . MONDELL, WYO. ROBERT N. PAGE, N. C. CHARLES R. DAVIS, MINN. GEORGE W . RAUCH, IND. WILLIAM M. CALDER, N. Y, JOSEPH W . BYRNS. T E N N . W ILLIAM S. VARE, PA. THOMAS UPTON SISSON, MISS. WILLIAM H. HINEBAU QH, ILL. ^ F E U Q E N E F. K1NKEAD, N. J . LLIAM P. BORLAND, MO. OROE W H IT E , OHIO. •TAMES MCANDREW 8, IL L . BRYAN F . MAHAN. CONN. WOOOA N. CARR. PA. COMMITTEE ON A P P R O P R IA T IO N S , HOUSE OF REPRESENTATIVES, W A SH IN G TO N , D. C. December 27, 1913. JAM ES C. OOURTS. CLERK. MARCELLUS C. S H E I L D .) ASSISTANT CLERKS. WILLIAM A. RYAN, ) Honorable Cavid My dear Mr. Secretary: I notice from the public press that you and Mr, Secretary McAdoo contemplate hearings in certain designated ' cities, with a view of determining regional reserve districts, and the location of Federal reserve banks under the new currency law. Nashville, Tennessee will rr.ake application for one of these tanks Relieving that her location is splendidly adapted for it, on account of geographical and good business reasons which will be presented at a later date, I trust that you will make it convenient to include Nashville in'your list of Southern cities to be visited.