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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
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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
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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
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6 5 NL 13 £X
NA S HVIL LE TENN 2 4 DEC 1 9 1 3
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N ASHVIL LE VERY DESIROUS THAT REGIONAL
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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.
@FedFRASER