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Worst Financial Panic in His
tory is Approaching.
Washington, April 4,-Probably
the worst financial crisis in the na
tion's history is approaching unless
congress finds a way to cut down ex
penditures, according to a statement
by Representative Frank W. Mondell,
of Wyoming, majority leader of the
house today. A floating indebtedness
of more than two and a half billion,
dollars war "over hang" constitutesj
a serious menace to American financ
es, Mr. Mondell said. He warned
against overconfidence in recent op
timistic reports based on the fact
that during the month of March
there was a reductino of approxi
mately $750,000,000 in the floating
"This reduction was due to the
fact that the government paid a large
quantity of short time ceitificates as
the became due, out of the first in
stallment of the income and excess
profits taxes, but the treasury im
mediately entered the market for a
large volume of loans on short time
certificates at increased rates of in
Treasury Officials Complimented
Mi*. Mondell, in his statement,
compliments the treasury officials for
their conduct of the present danger
ous financial situation and added:
"But the treasury cannot perform
miracles and the best management of
the treasury cannot avert diaster, un
less we keep public expenditures with
in our income."
The country can only hope to
avoid financial panic by keeping ex
penditures for the fiscal year begin
ning June 30 well within our income,
according to the house leader. Unless
we do this, declares Congressman
Mondell, "we are inviting treasury
conditions which acting upon the fi
nancial situation in the country, will
bring nationwide disaster," he adds:
"Contrary to popular belief, the
peak of our war expenditures was
not reached during the war but some
months after the signing of the arm
istice and bequeathed us H deficit or
war overhang, not covered by bonds
or provided for by current revenues,
of upward of two and ? half billion
dollars, which has been carried in
short time certificates running from
three months to a year.
Serious Menace At Any Time.
"Such an enormous volume of un
covered indebtedness would be a se
rious menace at any time. It is par
ticularly so at a tir e when the coun
try is trying to recover from the ab
normal conditions of war.
"The increasing gravity of the sit
uation arising out of this enormous
volume of indebtedness that must be
renewed from time to time, is indi
cated by the fact that while all of
these certificates that were offered
sold readily in the spring and sum
mer of 1917 bearing ?n interest rate
of 3 per cent but less than $200,000
000 of a recent treasury offering of
certificates at 4V2 per cent were sold
and the treasury will be in the mar
ket in the very near future for loans
on short time certificates at 4 ,3-4
with the probability that the rate
may have to be advanced even to 6
per cent, or twice the interest rates
of certificates of three years ago."
Will Not Prevent Panic.
Congress realizing the gravity of
the financial situation, was going to
reduce the proposed expenditures
carried in the Book of Estimates by
a million and the quarter dollars, Mr.
Mondell said. This great reduction he
points out, will not prevent a finan
cial panic unless "new and unneces
sary adventures in public expenditur
es" are cut to the core.
The specie basis of our currency
may be completely wrecked if we try
to meet the situation by further is
sues of bonds, Mr. Mondell declares.
"Further bond' issues could only be
floated at greatly increased rates, at
the cost of considerable reduction in
the market value of outstanding gov
ernment securities and a further in
crease in the cost of living. Under
these conditions a further bond issue
is unthinkable. Let me repeat with
all the emphasis at my command that
we must not increases our floating
debt or we invite disaster."
There is a reason why The
Aiken Gift Shop Kodak Finish
ing is superior. A trial will con
The Aiken Gift Shop,
Aiken, S. C.
FOR SALE: Home raised corn,
shelled or in the shuck, at $2.25 per
A. S. MILLER,
Trenton, S. C.
What better car do you want than
a FORD with Self Starter and Elec
YONCE & MOONEY.
Praying for All Men
By REV.. HOWARD W. POPE
Moody Bible Institute,
TEXT-I exhort therefore, that prayers,
Intercessions, and giving; of thanks be
made for all men.-I Tim. 2:1.
The importance of prayer as a
preparation is seen when we consider
the nuture of the
work. The task
before us is to
convince men that
they are lost,
and to persuade
them to confess
their sin and sur
render their lives
to the Lord Jesus
Christ. It is easy
to show a thief
or a drunkard
that he is a sin
ner, and needs
salvation ; but it
Is not easy to
persuade a re
man that he is a sinner simply be
cause he has not accepted Christ as
his Savior. Sin is so subtle, and the
human heart so stubborn, that only
the Holy Spirit can make one see
that unbelief is the crowning sin of
The common idea is that work is
the main business of the Christian,
and a little prayer is necessary to
help the work along. Christ's idea is
entirely different. In his thought
prayer is our chief business, with just
enough work to make a channel
through which the spiritual forces
generated by prayer may lind an out
Prayer is the bow that supplies the
force and work ls the feather that
guides the arrow to its destination.
"If ye shall ask-I will do," he says.
In other words, Christ is still doing
the work that he "began to do" (Acts
1:1), and he invites us to help him
by prayer, whereas too many Chris
tians think that they are carrying on
the work, but need a little help from
him. What your idea is may best be
determined by estimating the amount
of time you spend in working for the
Lord and the amount spent in prayer.
Yes, we are ignorant, but thank
God we can all learn. Jesus has
opened a school of prayer in which,
If we will, we may learn the divine
art. And what a teacher! How pa
tient, how long-suffering with dull
scholars! And how much he knows
about the subject ! For eighteen hun
dred years this has been his constant
occupation, and now he invites us to
become his pupils, and offers to teach
us all he knows. "All things that I
have heard from ray Father I have
made known unto you." (John 15:15).
The personal worker should culti
vate the habit of praying daily for all
men. This ls not only a positive com
mand (1 Tim. 2:1), but the habit has
many obvious advantages. For in
stance, you never meet a person for
whom yon have not prayed, and this
? fact gives you a deeper Interest and
a stronger faith than would otherwise
be possible. Sometimes It is well to
tell the person you are dealing with
that you have prayed for him scores
of times. Possibly he may ask, "Have
you ever seen me before?"
"Not to my knowledge."
"And yet you say that you have
prayed for me many times?"
"I cannot understand that."
"Very likely. That Is one of the
mysteries of the Kingdom, and there
are many other strange things that
you cannot understand until you are
a Christian yourself."
It is well also to have a prayer Hst,
and daily remember by name those
whom God has especially laid on our
hearts. As a rule it ls easy to speak
to those for whom we have often
prayed. Gypsy Smith tells us that
when he was converted he Immediate
ly became anxious for the conversion
of his uncle. Among Gypsies lt was
not considered proper for children to
address their elders on the subject of
duty ; and so the boy just prayed, and
waited for God to open the way. One
day his uncle noticed a hole in his
trousers, and said, "Rodney, how ls it
that you have worn the knees of your
pants so much faster than the rest
"Uncle, I have worn them out pray
ing for you, that God would make you
a Christian;" and then the tears
came, of course.
Nothing more was said, but the
uncle put his arm around the boy and
drew him close to his breast, and in
a little while was bending his knees
to the same Saviour. When we wear
our clothes thin in praying for oth
ers, we shall not find lt hard to speak
to them if the opportunity occurs.
Horrible Can Lose Its Horrors.
And L* my compassions are to be
like a rivei that never knows drought
I must cultivate a freshness of sight.
The horrible can lose its horrors. The
dally tragedy can become the dally
commonplace. Therefore must I ask
the Lord for the dally gift of discern
ing eyes. "Lord, that I may receive
my sight," and receive lt new every
morning. Give me the power to see
the common as well as the uncom
mon! May that which is familiar
startle me every day. With an al
ways newly-awakened Intern*, may I
reveal "the compassions of tho Lord."
FRESH SHIPMENT OF
Wednesday, Maren 31
AU extra good. Ages are right
and well broken. Come and get
first pick of the lot.
THE FARMERS BANK
OF EDGEFIELD, S. C.
Capital and Surplus Profits - - - $135,000.00
Total Resources Over.$800,000.00
SAFETY AND SERVICE IS WHAT WE
OFFER TO THE PUBLIC
Open your account with us for the year 1020. Invest your
savings in one of our Interest Bearing er titi ca tes of
Lock boxes for rent in which to keep your valuable pa
All business matters referred to us pleasantly and carefully
bandied. ' We Solicit Your Business.
Mil M I?t?fjtf? ?XI ? I''Wi YA ?t??Y.C??(;?i???(
i BARRETT & COMPANY
COTTON FACTORS j
TIRES! ! TIRES!!
Our loss ia your gain. We are closing out our entire stock
of Marathon and Porter tires and tubes at cost, to us before re
cent advance of 25 to 30 per cent. These are standard first
quality goods and, not to be compared with seconds, blemishes,
ete., offered at a cut price.
This is your opportunity to supply yourself whether you are
in immediate need or not. Act now, as prices we quote below
will move the stock quickly.
GIANT & RUNNER NON SKID
30x3 1-2 Clincher.....$14.00.....$14.50
82x3 1-2 Straight Side.$17.75_._$I8.50
32x4 Straight Side.$22.00..$22.50
34x4 Straight Side.$23.00.-.$23.50
34x4 1-2 Straight Side._.$30.00
35x5 Straight Side.$33.00
36x4 1-2 Straight Side...-$32.50
MARATHON BLACK OAK
32x3 1-2 Clincher.$16.00
HEAVY FIRST QUALITY TUBES
? 35x4 1-2_.-.-.-.$4-80
TERMS NET CASH
MAIL ORDER :
To out-of-town friends we will ship by express or parcel post
C. O. D. Ten per cent deposit with order.
ARRINGT0N BROTHERS & CO.
Cor. Cummings and Fenwick Sts. AUGUSTA, GA.
Thef? are two main reasons*-one, the nam? itself,
which certifies superfine value*-the other, that time
tells the same story.
Thus reputation and performance unite in giving
^ou all you expect-and more.
Yet Brunswicks cost no more than like-type tires*
Many motorists would pay more readily, but the
Brunswick idea is to GIVE the utmost, rather than
to GET the utmost. And this has been true since 1845.
You can appreciate what Brunswick Standards mean
by trying ONE Brunswick Tire. It will be a reve
lation. You'll agree that you could not buy a better*
Eegardless of price.
!And, like other motorists, you'll1 decide to have
ALL Brunswicks. Then you'll know supreme satis
faction from your tires -longer life, minimum
trouble, lower cost.
THE BRUNSWICK-BALKE-COLLENDER CO.
Atlanta Headquarters: 38 Luckie St
Sold On An Unlimited Mileage
J. D. HOLSTON, Jr., Edgefield, S. C.
RELIABLE MOTOR & SALES COMPANY
JOHNSON, S. C.
LABGE STOCK OF
JEWELRY TO SELECT FROM
We invite our Edgetield friends to visit our store when in Au
gusta. We have the largest stock of
of all kinds that we have ever shown. It will be a pleasure to
show you through our stock. Every department is constantly re
plenished with the newest designs.
We call attention to our repairing department, which has every
improvement. Your watch rn- clock made as good as Dew.
. A. J. KENKL
980 BROAD ST. AUGUSTA, GA.
ARRINGTON BROS. & CO.
Wholesale Grocers and Dealers in
Corn, Oats, Hay and all
Kinds of Seeds
Corner Cumming and Fenwick Streets
On Georgia R. R. Tracks
Distributors of Marathon Tires and Tubes. None better, but cur price
YOUR PATRONAGE SOLICITED
?ftf See our representative, C. E. May.