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WEEKLY NEWS NOTES
(Special News Correspondent)
Washington, D. C., July 11.-TI
Congress which in March was talkir.
of adjourning in May, in July is talE.
ing of the possibility of adjourning
August, while the country sweats u!
der the uncertainty of how great w!
be the burden of new taxation pil.
up by the Fordney bill when it final'
becomes a law. The best statisticiav
who have brought their pencils
bear on the problems are of the opio
ion that for every dollar taken fro.
the purse of the average citizen und;
the present (Underwood) tariff la.
the new bill wil take something li
$13.40, as compared with about $3.'
under the Payne-Aldrich. Democr..
cried out against the exactions of t'
last named law and repealed it wi
the Underwood law, which was hip,
ly satisfactory to all except thc -
Republican New England and Pitis
burgh tariff' barons who grow ri.
out of such legislation.
With the Republicans thcwlE'
tariff scheme is a vicious circle, av
once having adopted the system th.
seem unable to escape from it. He,
is the way it has worked: the tar:
barons put up the campaign fun
which enable the party to wvin are
proceed, like Shylock, to c'ollect the
pound of flesh; their dlemandl tak
the form of higher tariff legislatic
after a prolonged struggle in Cc
gross they get it, 'yhereupon the pi
ple throw the Republican party out
power. Following the enactment..
the McKinley bill they were clean.s
out, boots and breeches; followi.
the Dingley bill, it took the Spania
War to save the House to the Repu
licans, and that only saved it by
narrow squeeze; after the Payne- A.
dIch bil Ithey were again kicked ou
whereupon the Democrats enacted ti
Underwood revenue-tariff bill-a bit:
designed to produce the greateji
amount of revenue for the Treasury
with the least burdlen on the publi.
The Democrats remained in power fo
years after its enactment andl lost
control only through the great waye
of 'poditical hysteria which followe.,
the war. The passing of that wavy
has been more in evidence of recen.
months, and a return to normal think
Ing threatens to sweep the Republi
cans out of the House In the coming
November election. Almost every
(lay comes the news of some Republi.
can member who "finds that his busi.'
ness engagements make it impossible
for him to again be a candidate for
Congress." Among the latest are
Fordney and Winslow, both rich
manufacturers who are seeing enacted
into law those tariff provisions which
will still further enrich them. They
seem to he among those wise ones
'who quit while riuitting is good.
I aeexpi'essed the belief that
Oscar Underwood of Alabama ig th'
75,000 fellow t<
way rehouses of the A
port of cooperative I
paritment headed by
of the leading city anc
),00000 from the V
siness4, men each day 1
g their endorsement <
r Time T
cornined forces, witi
ben by these tobacco
k ti g.
hority in the country on the
'isten to what he says in the
rk Times about the iron and
tedule of the new tariff bill:
'nider the paragraphs in the
I i., bil Ithat. relate to iron and
cet plates. They constitute
c material out of which plows
e, the basic material in the
I:: :ture of wagons, the basic ma
.at of which ships are con
l,.: " , the basic material out of
u re built freight cars for carry
itbr No. 11155
REPORT OF CON
AT MANNING, IN THE STA
At The Close of Busir
oans and discounts including
ounts, acceptances of other 1
:nd foreign bills of exchange or
old with indorsement of this
exceptL those shown in b an
Total loans_ _.._ ...__
*erdlrafts, secured, $120.31; unse
S. Government securities owne
eposited to secure circulation (
onds(1 par value) ....._. ..
11 other United States Gover,
ecurities (including premiums,
t'er bonds, stocks, securities, e
* nking House, $5,614.65; Furn
al* estate ownedI other than ba
wfual reserve with Fedieral Rese
sh in vault and amount dlue froi
rount due fromu State banks, haa
anies in the Unaitedl States (ot
ems 8, 9, andl 10)...
changes for clearing~ house _
otal of Items 9, 10, II, 12, and
lemption fund wvitht U. S. Tfrel
. S. Treasurer ...
ital stock p~aidl in
prrlus fund--- -----
n ividedl profits $4,864.77
ulating notes outstanding ..
Ac unt due to Federal Reserve Ba
uint due to national banks .
Ital of Items 21, 22, 23, 24, a
nanddepoita(other than bank
aserv (deosits payable withia
;idual deposits subject to che
ud of demand deposits (other
~.nk dleposits) subject to Re
1 ms 26, 27, 28, 29, 30, and 31.
o deposits subject to Rleserve (r
Ssubject to 30 (lays or more n<(
* ''ficates of deposits (other tha
11of time deposits subject t~
'e, Items 32, 33, 34, andl 35.
Iaf- payaible (including all obli
ry borrowed other than redlisc
-a and bills rediscounted, incli
rbanks and foreign bills of
a ith indlorsement of this bank
Total._.. ....... ..
F SOUTH CAROLINA, Cou
T.Stukes, Cashier of the abov
* statement is true to the best
ribed and sworn to before ma
L. H. HIARVIN,
ssociation in three sta
aws, both state and n;
the ablest leaders of ti
I country banks in the
/ar 'Finance Corporati
)ecoming members of
f its program and pla
i your fellow tobacc<
growers for the so]
ATES IS LO
T AND LOS
perative A s
ing the commodities of the country
to market, the basic material for al
most everything found in the black
smith shop and so on. On these corn
modities the schedule is built. And
under this bill the rates on iron and
steel plates have been largely increas
ed. In 1920 we produced in the Unit
cd States plates and sheets totalling
9,337,680 gross tons. We imported
twenty-nine gross tons and exported
and sold in the markets of the world
more than 1,000,000 gross tons. These
Reserve District No. 5
DITION OF THE
TE OF SOUTH CAROLINA,
ess on June 30, 1922.
f any 10,846.(00
-.--- ---- ----- --- ,650.55
iking house 25,000.00
rve Bank ------ 4,623.46
n national banks--. 33,449.02
ikers, andl trust comi
her than includedl in
-- -------- 1,112.88
13-- -- --- -$37,499.69 2977
surer andl due from
- - - -- -1,250.00
- - - -- -$4150,083.68
- - 50,000.00
*------------- ---- 5000.00
------ --- -4,864.77
- -- ---- ---- -- -25,000.00
nk (deferred credits) 2,948.52
-- - ---- - -6,480.74
deposits) subject to
ayable after 30 (lays,
tice, andl postal say
ifor money borrow
- Re -- ---- --- ---28,240.66
ounts) - - ------ 50 00
iding acceptances of 2,0.0
exchange or dlrafts
---- ---- ------- 104,454.19
i-dy of Clarendon, ss:
s-nmedl bank, (10 solemnly swear that
of my knowledge alnd belief.
J1. T. STUKEJS, Cashier.
this 5th day of July, 1922.
R. C. WNLLSANarynunni.
> growers, and
ution of your
statistics tell the story. Comments is
"I have had to fight this iron and
steel question out a good many times.
The truth about the matter is this:
For many years in the other House
of Congress I represented a great
iron and steel district. I am in the
business myself. I would not willing
ly harm a people that I represented,
but neither would I willingly betray
a people I represented by taxing them
unjustly for special interests. I know
this iron and steel schedule, and I
know that it is a fraud and shame up
on the" people of this country. I
know that it is not even in the inter
est of the industry in the end, and
that it is very much better for this
great industry to take the shackles
of a tariff off its limbs. It can com
pete anywhere in the world. Let it
sell to the mills at home, to the
blacksmith, the automobile and the
wagon maker, the roof maker, at rea
sonable profits and develop a home
market for its products. It can staLnd
a giant in the world of industry. There
is no excuse for its heinig wet-nursed
in a baby's erib wvhen it is a full
"These wvool and steel schedule are
illustrative of the policy followed
throughout in the drafting of this
bill. I might cite schedule after sehe
dlule in proof of this, for instance the
duties proposed on glass, on cotton
good(s, silks, chemicals andl so on in
definitely. But that would require too
much space. T1he man or wonman wvho
red the bill have no diffieulty in un
dlerstandling wvhat its enactment will
Representative Harry B. llawes of
AMissouri made~ one of the ablest
sp~eeches yet dlelivered on the tariff;
ho took as his particular text the tar
iff on hides and showed that while it
wvould put sixteen millions r( venue in
the Treasury, it wvould cost the people,
in the additional charged for articles
made of leather, many hundreds of
mililons. Hie estimated that on shoes
alone it would add an average of forty
cents to each of 330,000,000 p~airs of
$132,000,000. The shoe tax on the
p~eople of his State alone wvould
amount to more than four mililons Per.
year. On the other hand, Mr. Hlawes
showed that the tariff on hides will
bring next to nothing to (he pocket of
the farmer wvho produces the hides,
market and the tanning business.
T1hen he quotedl the American Farm
Bureau Federation, as follows:
"Cattle hides are a by-product of
the production of animals for meat or
daniry purposes in the United States,
Animals are not produced (or their
hides alone, and the variation in the
price of the hide has little influence on
the rate of cattle production.
"Most of the hides produced in the
United States are sold by the produ
ced in the United States are sold1 by
the producer on the animal, and not
as bides but as a part of an animal,
the price being largely determined by
the value of the ment on ite anma.
How the B
You, the Farmer, are
ducer of wealth. But b
money for your crops mai
The crops must be sown,
reaped and SOLD!
The Bank is your 1.
carry you over the week
planting and profiting se;
purchase seed, fertilizer,
In times of stress it
helps you weather the stc
Are YOU getting a]
bank offers farmers?
Learn how we can I
information from our
pleased to tell you more a
T. M. WELLS,
The hides taken off by packers com
prise, roughly, two thirds of the do
mestic supply, and hides sold by cattle
producers amount to a very small
part of the total.
"Since two thirds of the domestic
hides are taken off by packers, and
they also control about one third of
the tanning business, they are in a
position to be a dominant factor in
the hide and leather market. At any
given time they have a large part of
the stock of hides under their control
and are in a position to seel or with
hold them from the markets as they
"Cattle production needs stimula
tion, but the increased return from 15
per cent on 6 1-2 per cent of the
weight of the animal is so small as
to be of no importance as a means of
increasing cattle production.
"Therefore, we believe that hides,
leather and leather products should
remain on the free list."
And the whole story of the tariff,
wvhen divided into its comnponent
parts, makes on chapter after another
of special favors to those wvho need
them least and special hburdens on
those alIreadly over-buirde ned with a1i
multiplicity of taxes.
Mr. Moore of Virginia, a new Alem.
her wvho has repeatedly won his spurs
in the piresent SeSiSon, draws the at
tention of the women voters to the
fact, that the Di rector and A ssi stant
Director oif the great Houreau of En -
gravi ng and Piniting, recenatl1y a p
poinatedl by P'resident lIIardling, ar e
men whose modralI lives are now under
serious q aest ion ini the court s. Di)
rector liil is der very seriou..
charges in thle divorce suiit br ought
by his wife; the Assistant, .\leCauley,
is also being suedl by his wife, and her
as a safe, con
der laws whi
safety of every
W. C. DAVIS,
A. C. BRADHI
J. T STUKES,
America's greatest pro
,fore YOU receive the
y months usually elapse.
must be fertilized, tilled,
.iend because it helps to
s and months between
:ions. It permits you to
machinery, on credit.
stands behind you and
I the benefits which the
ielp YOU. Ask for full
officials. They will be
bout our service.
& Trust Co.
suit is supported by letters written by
McCauley, alleged to be of such a
purient and criminal nature as to sub
ject him to the penalties of the crim
inal law unles tshe statute of limita
tions protects him. Mr. Moore di
rects attention to the fact, that a
very large percentage of the thou
sands of employes of the Bureau are
Subscribe to The Times
NOTICE OF SALE OF PERSONAL
I will sel to the highest bidder for
cash in front of the Court House 'loor
at Manning, S. C., on Monday, Aug.
7th, 1922 at twelve o'clock Noon, the
following described personal proper
"One Ford Touring Car, which was
taken from Charlie Frierson on the
night of .June 3rd, 1922 for the illegal
transportation of alcoholic liquors.
.1. E. GAMBLE,
Sheriff of Clarendon County.
E uy thiL Cigarette ovnd',ave Money
zed for better
ch insure the