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LUMB XxxIv- LAURENS, SOUTH CAROLINA, WEDNESDAY, APRIL 16 99.
COVENANT Of [[AGUE
IN COMPL[T[D FORM
Official Summary Issued,
League will Include all ellgerent
and Neutrail States Namiedl in a ocu.
mnent Annexed to the Covenant and
the l'Wty is Left Open for Addlitloail
l(nlpei III the Future.
Washington, April 13.-Terims of the
Victory liberty load were announced
today by Secretary Glass. They are:
Amount $4,500,000,000, over sub
scriitions to be rejected.
Interest, 4 3-4 per cent for partial
ly tax exempt notes, convertible into
3 :1-4 ,per cent notes wholly tax exempt.
Maturity, four years, with the Trea
sunry reserving the privilege of re
(eeming the notes in three years.
The 33-4 per cent notes, to be is
sued later, also 'may be converted
subsequently back into 4 3-4 per cent
The 4 3--4 per cent, securities are to
be exempt from State and local tax
ation, excepting estate an(] inheritance
taxes, and from normal rates of Fed
eral Income taxes. The 3 3-4 per cent
securities are exempt from all Federal,
State and local taxes except estate and
The size of the loan .was much
,smaller than Itad been. ,articilpated
by most financial observern, who look
ed for an issue of aibout $6,000,000,
000, particularly in view of Secretary
Glass' past statements that the loan
would be five or six billions.
This will be the last liberty loan,
Secretary Olass explained, although
there will be other issues of govern-'
ment securities to finance belated war
expenses. These will not be floated
by popular campaigns.
None of the past issues of liberty
honds are convertible Into victory loan
notes, and there are no specife pro
visions in the terms of the Victory is
sue se rving dilrectly to ma main mar
k et lrices of pmst issues.
in wanly o lln it i s 11le selling
(amin;flign al ready has begin actIvely,
without formal acceptance of sub
scriptions, sai reports today to the
'i'reasary, although the official 0)en1
Ing date is April 21, one week from
Iomorrow. ''hie drive will oentinuje
three weeks until May 10.
"In fixing the terms of the issue,"
said cretlary Glass' annoin'enient
of the Victory loan, "the Treasury has
been guided largely by tlie desire to
dovie a security which will not only
prove attractive to theit people o the
country in the first instance but the
ternis of which should insure a good
mar]kt for the notes after the cam
ia ign isover andl Identical pr1ices for
he existing honds of thle lIbetty loan.
"T'his will Ib' thle last liherty loani.
Al though as the~ remintliing war hills
are iresenited further hor'rowing must
hI d'(one, I antilpate t hit thle reqire
mttsi' of' the gover'tnmnt in) excesas of'
I he aonount of taxes and othler' ineomne
('an, in vie w of the deecreasinug scale of
('xlwie(turet', he~ readily flunanced hy t he
Issue of Tlrea sury1 cortfi'als(' fromt
I itn to time, as5 het'lofor'e, wlhi may
he lhtiniattely r."fttnded by the issite of
note or (I bionds with lout thle aid( of an -
ot her great poputli' ain amaign such'l as
has4 4lhiaact(erizedl the il)bety loans.
I am~ surt" lhat the pecople of Amn
('rica will stubseribte to thIiIs VIE'tor'y
loanl ini thle Samt spO511irit of patrmiot im
wh iceh they3 have shtown in thle pa st to
lie 41nd Ithat the notes may be as wide
1ly di Itriited a p( (5ossi blo, andl~ that
our1 banking lnshttutIions may be loft
fre i'(to supply' the crted It ne'cessaruy for
the 0purpos40e of Industry andl ('ommterc(
atnd lhe full emi)ploymaent of labor. Let
the world see that the patriotlsnh of
Amterica, ou t of thbet' boundless te
SOur ces, and)4 with tiIhe same enl tslasmn
and1( devo(tlon to coutry tl wi th wh'lteh
t hey ptro'e''ntedl the war' to ai v'(ictiu
Iconclusion eemie olbs
Te(rms~ of' tho loan wvere explained
''The Vlet oty li bety oa n. whimleh
will lbe offleed torI popular' subscrlip
11ion (on Aprtil 21. will lake lihe formtt
oef foo' 'itd thrte"' uterntt' JIer enit
lbhree- four y'3earI ('ontt IblIe gold n)oles
of the linIted States. exemplt from
State andl local texes, except estato
CITY BOtItOWS MIONEY.
$15,000 Borrowed from New Yorie
House to Pay Off Local Note. Ordiii.
ance Against Walking on Couri
At the meeting of city council held
Monday night, a resolution wats passed
to borrow $15,000 from 1,yer & Com
1iny, a New York firm of note brok
e's, at a rate of six per cent. MNayor
Babb stated yesterday that. the new
note was made to retire a simnilal
note at the Enterprise National lank
at the same rate of interest.
Pedestrians walking across the
court house "laown" will hereafter have
to be careful. The council passed an
ordinance assessing a fine of $5.00
against all trespassers ulpon the grass
plots now being set out. by Supervisor
Watts. Also a similar fine was fixed
for automobillsts who park their
ears at the entrance to the walks lead
ing -between the grass lots.
Mr .Guy L. Watson was elected to a
permianent position as policeman, he
having been serving the past several
weeks in the place of Policeman l'itts,
A SOCIAL EVENIN(i.
Einjoyable (athering at. the Presby.
terin ('hurch Last Night. Refresh
milents ind 31usical Prograi.
The Christian Endeavor society of
IIe Presbyterian church was host to
the young and old people Of the church
tt a social gathering inl the church yes
terday evening. The gathering had
been originally planned foe Friday
night, but being PresbyterIans, tile
rain forced a po.tponement. The flrs!
part of tile evening Was given over to
a1 reading and musical program in the
main auditorium of the church. Read
ings were given 'by Mlisses Lucile
Smith, Sarah 'liza 6wygert and
Gladys Roper, and Mrs. J. 11. Teague
rendered a pianologue. Mrs. C. T.
Squires and Mrs. H1. K. Aiken gave an
instrumental duet and Mrs. Aiken sang
a solo, all of which were greatly en
joyed. After this part of the program
was completed, the party r0jiaired 'to
tie basement where amusing contests
took place and .bountiful refreshments
were served, all contributing to a very
LOUIE SOLOMON WINS HELMI''T,
3ember of the Sixth Grade Submiits
Rest Slogan for Victory Loan Drive.
Louie Solomon, member of tihe 6t h
grade in the Laurens gra(le(i school
was awarded the German lieliiet of
fered to tile pitpil in lLaurens coulty
subm1ittinlg the best slogan to be lsed
in the forthcoming Victory Liberty
Loall drivo The lelilet is one of
about 80,00" said to have been en p
tured in a store house behind the Ger
man lines which the Germans ,were ex
pecting to use Ii their triumphtal
ma rcl th01rough Paris.
The slogan submitted by Loiih Sol
mnion was as follows:
"MNlake tile 1un groan
Witi the Victory Loan1."
The l initedi States (ivii Service Com
mlissionl thas annloinneed ani examilntion
held aI.t i.urteins (in May h0th, to till
thle losition of rural carriier ait Ow
ings5, ando v'acancics that may13 lailer Oc
Iu in OiuralII routes': froml olher post
oiliecs I' he abhove-lmentIione it (oilnty.
The Ma;in ion111 will be open3 only3 to
i'-de citizens who are actually domii
elledII in he territory oif a po(st oJee ini
t above namleid (Onunty. App)1lientilon
lank13 s niay13 bei obta ied from the of
lice at ilanurens 0r from Ihe. Uniited
States Civii S-ervice (Commlission, lat
WVash ingt on. Appliteantions shou13ld lie
for'warded to thle comm311ission at Wa~ush
in g onl at the oarhliest pratcticablle date.
('hautauqlun D~ates ('hanged.
Tihe chlautauqlua dlates' have bietn
(lhan~ged fr'om Ma1iy 10 to I17th inclusive
to May3 1 3th to 2011h inctlusive, accord-.
Sig to Inst ruct ions receivedl from
heiadqularter's ini ('hicago. Th'le lellter
mal leideraI Income axes. Th'ie notes
u IIllie conv11ertibile, at tihe option11 of
hlleri thrioughlout thilr life into three
andi li 1 thre 11uarters per cenIt thr ee- four I
yeari iiiV convIrible gold niIotes of thle
Un'iitedi Staltes. ixemiit from all lFeder
ail, State and~i local taxes, excepit ('stat
anud inherItance taxi's. In1 like mani
ner the thirei anid three (uarters per
'enit notes wvIll b 1)0Mnvertibile into
four and thr( 1iee qunoriers oer ('oot notrs
ELECTS NEW OFFICIAILS
Endorses Highway from Yarborough's
1111 to Liurens. Large Delegation
from that Vicinity Present,
Officers and directors of the chain
ber of' commerce were elected at the
inlecting held Monday night, after
which the meeting was adjourned to
tile court house to receive a petition
from citizens living along the Yar
borough's 'Mill road asking that tile
chamber of commerce endorse that
road as one to be topsoiled by the
county highway commission,
)r. W. 11. DMal was elected presi
dent, W. R. MIcCuen was re-elected
secretary and the following -were elect
ed directors: W. L. Gray, R. R. Nickels,
M. 1L. Smith, W. C. Lancaster, L. G.
Italle and T. C. *9witzer. Rev. S. 1i.
'empleman was re-elected chaplain.
Iefore the close of the meeting a reso
lutiIon was adopted thanking. Mr. W.
L. Gray, the retiring president, for
his untiring zeal In the promotion of
the city's welfare Whille serving as
'lie delegation representing the Ya'
borough's mill road project, was com
posed of citizens along the road in
this county as well as several ropre
sentatlves froI linion and Spartan
burg counties. Mr. \V. ). Blyrd acted
as spokesman for the delegalion, stat -
ing that tle citizens all along the road
proffered free rights of way. Mr.
Byrd said that representatives of Spar
Ianburg and Union counties had as
sutred them that surfaced roads would
be built from Spartanburg and Union
to the Laurens county line If Laaurens
would build the Yarborough road.
This, lie pointed out, would give Lati
rens a connection with these other
two county seats. Mr. Byrd asked that
the chamber of commerce give Its en
dorsenent to this project. Others
speaking out of the delegation were
iMr. John Yarborough and Mr. .J. V4.
Minter, of Sedalia. Dr. 1H. K. Aiken,
1Mr. W. L. Gray, Senator N. fl. 'Dial,
'Mr. W. U. McCuen and Mr. T. C. Swit
zer spoke sympathetically of the pro
ject. Mr. Alison Lee and Capt. W. R.
Richey sounded a note of warning
against the chamber's expressing a
preference for any road, .whereupon it
was generally, conceded that the cham
her would endorse any worthy project
of road improvement.
The following resolution was adopt
Wliereas, we are informied that the
Supervisor and liighiway Cotmissiion
of Sipartanhurg county have protised
tle citizens f01 Cross Ane tlo' own
shiIp, Spartanburg county, that they
would survey and build a surface hitgh
way froim the town of Cross Antbor
to Yarborough's Mill on FEnoree river.
if the road authorities of Laurens
county would agree to take up a like
promotion and survey and build a sur
face road from Yarborouglh's lill ott
Ilnoree rive. to Lauriens couit htolse,
S C.: and
Wliereas the land owviers and cIti
zens on the litne of road fr'omt Ya
hotrought's tmili have prepiaredl (irnl
-lated andl signed a ptetit ion to I le
Suiiper'visor' of Tittrens 'outy3 intl the
St at hcightway i'Oinunissioni ask ing th
applrval oif tihe lrayerto tthe petition
o( bliii sitilth i sur'aie road. said et i
Sion bering signted by'~ every landu o)wn
cir alontg si linei frotm Yarbiiouhs
miihllI i Laurens (11 outhottse, agreeina
tlt *4gi a rightt of way, anmd many of
thI 111optt soil as well; andtl
Whter'as, Ithe amounit of Itrade adlia
('('nt to said toad broiughtt t) Laurniits
cout htouse is ha rge;
'Te re fore, he It resol veil
That. the Chtamber of Contnnerv' of'
Itle cilIy of Lautrens dlo uirge our ('oni
ty Supi~ervisor' atnd the lhighway ('iom
issioni (If the state to aptprove Ithe
p rayer of thle ptetitiIon hterel inIore set
for th, vIz.: to sitrvey' an til uttildl a sitri
face htigh way from Ya rhotough's 'l Ill
otn Ittotee riverI to Laur ents ('ourti
House,' S. C., Ithuts g ivinig Ithe c'ity of
I aurtents a firs I class hiigh way from
Idllurenis ('out Ilouse. S. ('.. via Cross
Aneborr tot Spatrtanhuriig and I 'nittn
('ourit Ii outses.
T'I' ll em 'iti( Orutfor'iI(l Cont e'.
Southt a'rolinia Oratoial cotes'~t lto
Ie hltdd in itGreeniiwood litlay. \luiich
local intertest is beinig taken in thle
('(tlest is year( h1'teransi a Laurenlis
boy, ('harl'e's Thoimpsoni. will lbe amtonig
Itle 'OntIestant hs. Mir. IlTompison is
stiudeit at the I'niver'sity (of South
CarolIn a and 'wIll reptesent Ithat in
CAIPA IGUrN IS EXTENI)E1)
'T'hose who ha14 not ye. onr
are Asked to Send Iii Their Contri.
biions This Week.
Mr. William Solomon, clairman of
the Jewish Relief for this county,
states that the (allpaigil has beenl ex
tendedi to the last part of tihis week
asd that he hopes that t.he people of
the county will make ip the deflciency
now existing -between the total sub
scribed and the amount asked of this
vollilty. LIaurens couity was asked
to suibscribe $3,000 for this fund and
about. $2,000 has been subscribed. Of
this sum nearly $1,500 has been sub
scribed In the city of 1Iauirenls. Many
committees throuighout the county
have not yet imade a report and I Mr.
Solomon asks that these committees
make their canvas this 'week and re
port to him or Mr. I,. G. Tlalle at the
earliest (late possible.
In an appeal to the committeemen
andi others interested in the Jewish
telief catise Mr. Solomon says:
To the committees an(d the people in
terested in the work for the .Jewish
I will ask tle committees to coi
plete tle canvas and make the returns
promptly to L. G. Balle ori myself, and
all1 those who have iot yet conltribiue Il
lo this worthy cause to please oitri
hite to thle nearest committee or direc
to Mr. 1'. G. Balle of myself, as lielp
is ui rgently needed. There are over
six million people, of whoml over
three million are starving and (an
only ii 'am! through y?0 ! beral
contributions. We asked only I he
small sum of Three Thousand Dollars
from Iaurens county and expected
that Iaurens County would contribute
as liberally as in all other causes,
about twice as much as asked for, but
from reports I have we are not up to
the amount. asked for and only the
people's liberal offering will bring us
over the top. So I will again ask you
to give as liberally as you can to
Assuring you that every cent you
give goes to feed some starving soul.
Chairmai of I airens County for
ithe .Jewish Relief.
C'HECuK R11lu'EIVED111 FOR 1HOGS.
Molney 11ill be Distributed A mongw
Shippers imm tued iately by Enterprise
A cheek for $2,675.77 was received
yesterday by tIe Kliterprise National
riank for the shipment of hogs made to
Kingan & Company by lie (4couly
demonstrat ion agent last week. This
was the nt,i ailloilit. received for tle
hogs after all expenses had been d e
ducted. Cleeks for each intdividual
shipper .will le mailed olit just as soon
as the money can he prorated among
Ihose who made ithe shipmiiielt. 'i'le
hogs reaclhed R i(im)on(d in gooI order
with II the exeeplion of one small oine.
which had one leg brokeni. An allow
ier of $ ittwas nuile' for it.
F letiteld Presildent of ('. N. & L.
A-\t a m'etl ing of thle directois of the4
('''hia.~i .'wh-irr' & hauirenus rail
l,iviiingston. \lr. layles. whto wvas form
mentii of thei railroad, las beenl aeting
.\lir. I. .\. Smithi, a promlinenlt farmner'
anrd bu11siiness inianI of l(in ards, a fre
ciuent visitor to lIlrns whler' lie had
many friends. dlied smidenly' at his
home near th le county Ilinc Sunday
morning at I ('clc(k. The buriial took
Ilalce at. hiush Rtiver churcb \Monday,
the services bleing t'onduicted by his
lastor', llev. it. Ii. htuiis.
31ri. Ii. II. Hiechoff, iuroprpictor1 of
Henlchioff's 3& 10 ('entIs St ore, has op
ened~ a similar store4 ini Woodriuff and
Is look inri forwar ti Io a fine' biusiniess
I hiere. Ii- will hav assoc'1)iated wvithl
whlo is hi br'othiir-ini-aw a iii revenil
ly a membr cif Co.' A iniI th 1 lih In
\l.l'res \\'t ior'elandi, whol is
herj of thet Ilutler' Chad whlich &n
('ampe ~d hiere in thec pin ag of 19 I7, Is
sipendinug severual1 days in the 4 cIty as
the uest of .\r. and \lirs. 16. I!. WVilkes:
ury ('III it issioniers I1rnai .111rors to
Serie Seonuid e11eck of Court.
The jiiry conillissioners m1144 in Ihe
olliii of tle (-lerk of court Alomlay
alld drew the iulrors for the secoild
wvk of tle court of common -plca-.
The first termt1t of tie court. will con
veie oil the fout1 .\on day inl tlis
n11)11inh and secold terni oil the fIr st
Moilday ill May. Jiidge Geo. l0. Prince
of Anderson, will preside over both
The jurors diawn are as follows:
I~aues-W 1>. Clardy, S. M. Blrown
lee. C. A. Dlramili t, J. S. Machen.
WaterIloo l--(iy P". Moore, Geo. A.
.\l llieioi. l.. 11. Andeison, \. E.
Jlacks---E. W. Bolids, 'C. 11. .J0lohnsol,
R1. -S. l l1or o.
Youllgs-_-C. 1). Green, T. M. Burnett,
llobt. A. I Harris.
Dials-,)no. RI. Godfrey, W. W. Cook,
.1. L. Chapman, F. M. Curry, N. .T. Iun
ter, S. 11. Owens, W. D. Owens.
Sullivan--Jno. S. Machien, IT. W.
Knighi, .J. M. Babb.
Cross E'111-J. 10. Spearman, .1. E.
Grifill, R. S. Tiulner, T. W. Pinisoni.
Ilinter-J1no. A. I)avenport, a. C.
litts. layne II. Workman, C. R. Work
mall, L1. .\1. 1). Young, 11. Y. Abrains,
.1. ). .\lilai.
Seuffet o n-\\' 1 P. ll ersonl.
YOl'NG .\).: TO
CONTI-:ST IN Bl-CITA'iON
elight fil Progrim of 1t(elftiols aild
Misle A rraeil (or Thursday Even
ing' li ie Selool Haollse.
Young ladies of the high school are
prepari-ng to entertain their friends at
the school building Thursday evening
with a recitation contest and musical
program and are looking forward with
a great deal of pleasure to seeing a
large number of friends and relatives
out to enjoy the evening. In additlon
to the program to be furnished 'by the
young ladies themselves, several num
-hers will 'be rendered by young m1n.
'ie prograni spnt out. for the ocea
sion d(oes ntot state whether the male
nlii1bers oi the program will be drawnl
from thle high school or not, so tile
ipblic I; allowed to attend with pleas
ulrlable antielinktiolls of whatever their
choice 111gh t he-hoys of tle Iig
school or more experielcel silgers,
among (ler friends. In either (,as(I
1 hose who at teid are asstredl of1 a
plieasant rvni i.the ublic is cor-1
<iall yiiviled to atteld, 110 (hargehe
ing Illke for akhnittalce at ilt door.
The programii for Ie evelillg will be
Nilsic -Frances Dis
Solg - - - Male Quartet
Violinl Solo - Jaies Mc(aVy
Revitat loll - - Navo- Mli.
lecitation - tiv Slit Wofior
Wais t .ea esMlra
lessrs. 1lasing and Moore lIial rn
turnued hiotne hiast week after having
reeived t heir hioialle (dischiarnes
lrobin thelarm. .\r. I~ist ing il lhas
.just rtecent 2' returnedt~ fromit overseas
di atihm1ent11 of th :i r 1v is ion. Ith
daiv ~i ion wasl mnnI h li r ti ekiolt'in -
hiatea Thiirry. When~l thei Frenchl
wer ibut to bei overwht~~ lihnedi. Fift
41n t' nighlt oft .11uly Ili Ii when i le1
lFienich and Ameritian linles, antd 11mn
nior' were k illed afteor t hat hl thei
4'stcapes.\M.loori 1)ial1 (did not sli.
(lhtrebi of Te IEplphany.
S(ie'4ial I loly Weeki servies wdil b
hel lit thle Chuiirch of It'e ii:ih iny
Montiday, Tu'eestbiy and1( Thur11sday lifter -
li11:1 t. M. tt|-:asteserStvicesu il b
bef t (i ::s . i |l . l. Al r o dallyt i iii OI i
.lh n t l'iy 41d1( a y ol toden,
Th sholtechrs(1.s n
G[RMANS 18T PAY
TINTY [IV BILLON
Definife Conclusion on in.
TO PAY 'IN
Collnnissionl Iolix AdXtlitionlal pay
nillts. All 'nyimeits of Huge Ill.
delinity to be oni 1as11 of Gold,
-reiiel A warded oier half of the
Paris, April I- .-One hundred billion
gold iiiaris is the amount Germany
mumst, pay the Allied and Associated
governments for losses and damage
caused in the war, plus other billions
to he (letierimised by a special comimis
sion on which Germany is. to be rep
This is the fl~pal and definite con
liusion wiich has been reduced to
writing aftcr weeks of negotiation
which took a. wide range and involved
fretinieni changes an i modifications.
The Iymi ent ofi the 100,000,000,000 gold
mearks is to be livided into three dis
inic aciionitls as follows:
First, t welty hillions within two
Secowl, forly billions during thirty
years, begiiining in 1921.
Third, forty hillions when a con
iiaSlAOi ;imhi eleieriiine how it shall
In view of the fluctuations through
which tle negotiations have passed,
an authoritative statement was ob
tained today concerning final terms of
the settlement. This sums Ip the
gondition as follows:
Geriany is at the outset held gen
erally responsible for losses and dam
ages in accorlance with President
Wilson's 1.1 points and the Allied re
sponse at the time the armistice was
conclutded. 'To determine the extent
of lhe payment inler this responsibill
iy, a commission is set u) to take tes
finiony, assetuhe <lata ani arrange all
dilails of tilie payienIts froi the elC
mly ai (listribution among the Allied
anll( Aso.Intel powers.
Wiile tile coinilnission will adilmiis
Ir Ihe dletails of the paylmenIts, sof
licielt is kinown to eerinit the (deter
minatiou I lia t an initial payament will
bo reliirvil of t wenty hillion gold
niarks nIyable in two years without.
illeres. it tins also heen d(leterminel
tiat forlly bilioni gobut marks shall be
payabb i il bolds extentl(ing over a
le'rioil uf tiiii-ty years. heeinnini 1921,
wilth a sinking fond lbeginnig in 1,26.
These fortyiloll hllmarks dlraw two
aniid (oe-amIf ere'lti ilitelest froi
1121 t(i 1921'. anIl live perceit interest
In :dldition el I e foregor in pay
mnt Ccieriny alco ill lee reciuire-d
tee tclive r :e hlitionai bondis fier forty
hillie ni :1: , wheni' hi (comm i ;on
dlet in i ii a h -hll; be dccni.
Thlese li C ie in n ' ofiI twe ry fori
rn a l e l 'i;es aml fu n ed th
*"' In 'u un ry." n nmtco
M o i upc u eeh lum cci Iol letfr -
Geri to e utmost.Caie ofihrii-cclpliy
to l. w i th1c in the *Ie c c ciit t eion o
It i ill; I I c~ cli' e y thai lt in .
and e~c ci el tn ar f meti
thl. le ld marki ten worthli aboutIc
ilc-i imo' c-s thi5e l I-n l h e h iln and
befeli thle waer wvas (iited( at 28.82
.\n to-ri an cents.
Tic' illie n cc f ileIhe ien.ccc nn c cu/ie
Inrk am-ncgect tic .\ D It cml \.s-uociact.
e'l CeueA hasi~ ntie icItbeenet fiii n i h..c
c d ceut ae I- t c- arr.e ni.e nticl
I e itain's a o 'eit e cc. ee I (ec ncty
a it th i e cr et In d th e c a lo t e n t~
cf thle l'iitede Stlate et~- ee ni I wo andI
"ee~ .\c iecd and .\sscied cpo;cwerse
(Coin tinuied on Paneo our.)