The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, January 07, 1921, Image 9

Search America's historic newspaper pages from 1770-1963 or use the U.S. Newspaper Directory to find information about American newspapers published between 1690-present. Chronicling America is sponsored jointly by the National Endowment for the Humanities external link and the Library of Congress. Learn more

{
                  title: 'The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, January 07, 1921, Page PAGE NINE, Image 9',
                  download_links: [
                  {
                   link: 'https://www.loc.gov/rss/ndnp/ndnp.xml',
                   label: 'application/rss+xml',
                   meta: 'News about Chronicling America - RSS Feed',
                  },
                  
{
    link: '/lccn/sn86058226/1921-01-07/ed-1/seq-9.jp2',
    label: 'image/jp2',
    meta: '',
},
{
    link: '/lccn/sn86058226/1921-01-07/ed-1/seq-9.pdf',
    label: 'application/pdf',
    meta: '',
},
{
    link: '/lccn/sn86058226/1921-01-07/ed-1/seq-9/ocr.xml',
    label: 'application/xml',
    meta: '',
},
{
    link: '/lccn/sn86058226/1921-01-07/ed-1/seq-9/ocr.txt',
    label: 'text/plain',
    meta: '',
},

                  ]
                }

The Richmond palladium and sun-telegram. [volume], January 07, 1921, Page PAGE NINE, Image 9
About The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939

Image provided by: Indiana State Library

Image: of 20.

Page

All Pages

Issues

All Issues Text | PDF | JP2 (5.6 MB)

The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.), 07 Jan. 1921. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn86058226/1921-01-07/ed-1/seq-9/>

Newspaper Page Text

THU RICHMOND PALLADIUM AND SUN-TELEGRAM. RICHMOND, 1ND.. BiDAY, JAN. 7, 192L
HELMS AND QUICK
TAKE CORN MEDALS
IN PURDUE EVENT
With a record of T7.9 bushels per
acre. Joseph S. Helms, local corn
grower Is announced as one of the
medal . winners in the five-acre con
test conducted in Indiana this year
under the direction of Purdue agricul-'
tural department.
Albert Ferris of Hilton, nearly tied
Helms, with a yield of 77.8 bushels of
corn. He won a bronze medal.
William H. Baker, oi Lyons, Greene
county, was the highest man and win
ner of the contest for this year with a
yield of 128.8 bushels. He won the
contest last year with a yield of 121
bushels. -
Second honors went to J. A. War
ren of Kouts, Porter county, a direc
tor in the Indiana Federation of farm
ers' associations, who grew 127.2
bushels per acre.
' George Quick Third.
' George M. Quick, a Union county
farmer near Liberty was third with
117.1 bushels.
Four hundred 'and seventy men in
57 counties successfully completed the
contest and 323 won medals for more
than 75 bushels. The average yield
for the state was 40.5 bushels while
the average yield for those in the con
test was just double, 81 bushels.
"Twenty-six counties in the state
were represented in the 100-bushel
corn club this year." said R. S. Thom
as, in charge of the contest. They
were in all parts of the state which
shows that under favorable conditions,
ar;- county can produce 100 bushels
per care.
Plotn Are Demonstration.
"Each plot has served a a demon
stration for local communities of fer
tilization, cultivation, good seed, rota
tion, or some other factor," said Mr.
Thomas.
Atnonsr the gold medal winners are:
OrvWe G. Dare, Franklin county, yield
101.3: fJporgo nrier. Franklin, 100.2;
H. R. Mu'ler. Franklin. 110.9: W. A.
Polden. Franklin. 110.4: Ouitman
.Kinsman. HancocV. lOfl.l: R. H. Hard
in. Henrv, 111.6; Ray C. Morgan. Hen
rv, 101.2: Kli McShlrely, Henrv. 100.3;
J, Alvin Harbin Hnrv, 107.7: How
ard Ewbpnk. Ruh. 106.3; Joseph Isley,
Shelby, mi. 7: Webb Islev, Shelby,
104.5; William Wienantz. Snelbv,
107: Oorge M. Quick. Union, 117.1.
Silver ' medal winners in nearby
ron title wpt-p: : pt. K. Thomas. Henrv,
!VP: nav'd R. Griff 'n, Henry, 91. 3:
Prt A. Matteon. Rnndo'nh, 87.2;
Trov Keener. Ranfol"h. 88.4.
Other w'nnera of the bronze medal
resides Helms were: M. L. Johnon,
Henry. 77; and Ralph Lesley, Ran
dolph. 75.6.
INAUGURAL BALL, IF HELD, WIX BE GORGEOUS AFFAIR
X pw ...
!v'
X
'KMC
t
At
l f-t m m
telling of his misfortune. "Tom of a
thousand thousand", be wag called.
As Walpole had prophesied, toe peo
ple instead of engaging in their trade
had put all their attention on traffick
ing in the bubble stock. And smaller
bubbles had their beginnings, all over
the country. Therefore heavily cap
italized schemes to drive wheels by
perpetual motion, to make boards out
of sawdust, to deal in human hair and
many ether fantastic notions.
'Public credit received .. a terrible
shock." says a writer of the time. '"The
nations was thrown into a dangerous
ferment., ( Everywhere were heard the
ravings of grief and despair."
The "South Sea Bubble" was a les-
Canwbellstown, 0.
OAMPBELLSTOWN, O., William
Johnson moved to a farm near. Win
chester, Ind.. last week. .Heber O'Hara
visited Lestern Emerick at German
town Friday and Saturday Miss
Margaret Burke of Dayton visited her
parents, Mr. and Mrs. John Burke the
past week Miss Mae Ervin visited
her sister, Mrs. Harold House, the lat-'
ter part of the week Frank House
and family attended the funeral of
her nephew, Walter Cunning at Ea
ton Sunday Mr. and Mrs. Clem
.Cohee left Tuesday for a few weeks'
visits with friends in Florida Mr.
and Mrs. Frank Stamback left last
week for a few months' visit in Cali
fornia with their son, Rollo Mr.
and Mrs. Noakes of Dayton visited
her sister, Mrs. W. C. Swisher, a part
of last week About 30 attended the
f'hristian endeavor watch meeting at
the home of Miss Marv House Friday
evening. .. .Miss Freda L.arsh enter
tained a party of friends Thursday
evening. .. .Harry Aydelotte and fam
ily snent Sundav with O. T. Aydelotte
pnd fami'y. . . .The Christain endeavor
will meet Tuesday evening with
Misses Mabel and Ruth O'Hara
The Y. P. C. A. will meet with Miss
Ellene Button on Wednesday evening
The Jackson basketball team,
both boys and girls' teams will play
Verona at Verona Friday evening
The I a dies' Aid society will meet with
Mrs. Elsie Miller Thursday afternoon
of this week.... Mr. and Mrs. Hugh
McClcin are moving into the William
lohnson property which they purchas
ed recently The Presbyterian
?hurch choir of Camden will give a
cantata here Thursday evening, Jan.
. entitled "The Messiah's Coming."
The same cantata was given at Dixon
ownship recently.
Bureau of pensions, where ball may be held; Mrs. Harding in evening gown, at left, and Mrs. Hattie Jewel
Anderson, invited by Hardings to inauguration.
The revival of the inaugural
ball as part of the inauguration
of President-elect Harding, is
practically assured. The naming
of women to the inaugural com
mittee lends strength to the be
lief one will be staged. If held,
the bureau of pensions building
Erobably will be the scene of the
all. Mrs. Hattie Jewel Ander
son of Oakland, Gal., has been
invited to the inauguration by the
Hardings and will be one of their
guests at the ball. She cam
paigned for Harding in Ohio.
Get-Rich-Quick Bubbles That Have Burst
By HARLEY MATTHEWS
THE GREAT SOUTH SEA BUBBLE
REACHES U. S. TO
PLEAD HOME RULE
FOR PORTO RICO
)
Antonio R. Barcelo.
Antonio R. Barcelo, president of
the senate of Porto Rico and head
of the Unionist party there, is now
in the U. S. to plead with President-elect
Harding and other of
ficials for home rule for his coun
try. He urges allowing Porto Rico
to elect the governor and executive
heads of departments by popular
vote.
OUT OF THE RACK
When a person wakes up with a stiff
back, has pains in muscles, aches in his
joints, or has rheumatic twinges, he
lacks ambition and energy and cannot
do his best. If you feel out of the race,
tired and languid, or have other sym
ptoms of kidney trouble, you should
act promptly. Koley Kidney Pills help
the kidneys do their work and get out
of the system the poisonous waste mat
ter that causes so much trouble. They
give relief from sleep-disturbingr blad
der disturbance. A. G. Luken & Co.,
628K2S Main St, Advertisement.
THE GREAT SOUTH SEA BUBBLE j
nisiurj euuuiu l iu t uaiiuu nnai
a lifetime's experience is to a man.
Yet seldom in the quest for riches do
we find the teachings of either re
garded, such is the credulity of avar
ice. And where in history, or in what
man's life, shall we find such an in
stance of it as in the story of the
South Sea company?
In the year 1711, the government of
England, from its recent wars, found
itself with a special navy and army
debt of $50,000,000. A group of mer
chants suggested that they be allowed
to take over and pay the debt as it fell
due. It was not altogether patriotism
on their part, as they were to receive
$3,000,000 in interest, and the com
pany which they had formed was
granted a monopoly of trade in the
South Seas.
At the head of theSouth Sea Com
pany was Sir John Blunt. A former
law clerk, he had the reputation of
being a most religious man. "Man is
a sinful creture," he was often heard
to exclain. "But avarice is the worst
sin of all."
Except for a few doubters in Parlia
ment and in the Bank of England, ev
erybody thought highly of the new
company's prospects. For were not
its trading right3 over the coasts of
I Peru and Mexico, places of inexhaust
I ible wealth? English manufactures
had only to be taken to the natives
and ghips would return with 100 times
the value in gold and silver. Such
was the popular belief.
The company was then authorized
to take over another of the country's
debts, one for $150,000. Not without
protest, however. On the floor of the
house of commons Robert Walpole
warned not only the legislature, but
the nation. "It is a dangerous scheme,"
he said. "It will lead to nothing but
stock jobbing, turning the minds of
the people away from their usual oc
cupations. Sir John Blunt, the South Sea chair-
! man, scoffed at all such suggestions,
and urged the country to subscribe.
On the day the stock was opened to
the public, he had all sorts of rumors
circulated: the King of Spain was to
grant the company free trading rights
in Peru and Mexico. The company
was to get full control of the mines
there, and silver in England would be
as plentiful as iron. An investment of
$500 in tho South Sea company would
bring $1,000 in income.
' The first week $500 stock was sell
ing for $2,000. Exchange Alley, where
scrip was being offered, was blocked
with carriages. It was impossible to
pass in the neighboring streets. The
share list filled up, and traffic in the
stock at once began.
For some reason it fell to $1,500.
"Spain is going to exchange Peru for
Gibraltar." one of Sir John Blunt's ru
mors said, and at once it was back to
$2,000 and climbing up to $2,500. Sir
John now ordered his agents to bid for
stock, and it began to climb still high
er. In a month he had it to $5,000.
All eyes in England were now
watching the "Great South Sea Bub
ble," for that is what people called it
Sir John Blunt had now blown it to its
fullest, and it hovered above them,
golden and alluring. What would hap
pen now? New rumors were soon an
swering: "Sir John is pricking it him
self! He is selling out." Stock im
mediately fell to $3,500.
It kept falling steadily, and people
getting uneasy, a general meeting was
called. Again were the streets block
ed, not by people full of the eagerness
of hope, now, but with men angry and
resentful. The hall could not hold one
tenth of them and thousands waited
gloomily outside.
Inside all was cheerfulness. Mr.
Hungerford, who had helped Sir John
to get the scheme through the legisla
ture, spoke up again in praise of the
company. "It has done wonderful
things," he said. "It has enriched the
whole nation."
But the optimism did not penetrate
outside. The stock was selling for $2,
400, when the meeting rose. The next
day it was down to $2,000. Mobs riot
ed and it was not safe for the directors
to be seen on the streets.
Another meeting was called. While
it deliberated, men were outside rush
ing up and down the streets in pani
and terror. Stock was being offered
at $500 and finding no buyers.
The meeting achieved nothing. Tha
night the company's affairs were con
sidered in parliament. "If Blunt and
his crew have robbed the people they
should be put in a sack and thrown
into the Thames," Lord Molesworth
declared. The Bishop of Rochester
said the scheme had been like a pes
tilence over the country.
The directors were arrested. The
secretary fled with the company's
books to France. Blunt was arrested
and brought before the house. But he
would tell nothing of his dealings in
stock, though he still protested his be
lief in religion and the general wick
edness of mankind. The Earl of Stan
hope, a director, in defending himself,
burst a blood vessel, and died. Aisl
abie, Chancellor of the Exchequer, for
his dealings in the stock, wis commit
ted to the tower of London, crowds
celebrating this verdict by bonfires all
over the country.
Every member of parliament con
nected wjth the company was expell
ed from the house. Overcome by the
disgrace, some took their lives, others
died of remorse. Their property and
all the goods of those who survived
were confiscated, over $10,000,000 be
ing thus realized for the relief of the
shareholders. Blunt was disgraced
and debarred from holding public of
fice again.
Yet though this great bubble burst
and itself dissolved into nothingness
it left its mark on the nation. Men
went mad contemplating their ruin.
For years afterwards a man who had
inherited a fortune and invested it in
the bubble went begging in the streets
A SIMPLE FROCK FOR A LITTLE
GIRL
Pattern 3367 supplies this design
It is cut in 4 Sizes: 4, 6, 8 and 10
years. A 6 year size will require 2
yards of 2 1 inch material.
Wash materials, silk, crepe, serge
plaid and check suiting, velveteen
and poplin are nice for dresses of this
kind.
son to England for a long while after
wards. Not till 100 years later do we
bear of the country venturing again in
rash speculations.
And the Englishmen who had to emi
grate overseas brought the lesson with
them. It was long afterwards that we
hear of their descendants in America
putting their money into any scheme
that resembled a bubble.
EXHIBIT MADE OF 8HOES .
' PRICEDirAT $100 A PAIR
NORTH ADAMS, Mass., Jan. 7.
Two pairs of shoes, designed to sell at
retail for $100 a pair and said to be
the most expensive ever made la -this' ;
state, were exhibited at we iactoixfcere
today. One pahr is made .-.Qf; patent
leather kid with.' pure gold leaf lining
and gold under-lining of. all perfora
tions, gold hooka and eyes, and bas a
$20 gold piece Inserted In The heel on
each shoe. V
The other pair is of tan with a lining
of bright red aalin and a .gold watch
of the wrist type inserted in the left'
shoe just above the ankle.
No pictnre is ever displayed on the
walls of the Louvre in Paris until the.
artist has been dead at least ten years:.
Addrese
Ctty
Slae
eMeetee
A pattern of this Illustration mailed
to any address on receipt of 12 cent
In silver or stamps.
Address Pattern Department
Palladium
Patterns will be mailed to your ad
dress within one week.
Great Rejoicing by
Rheumatic Cripples
If So Crippled You Can't Use Arms
or Legs Rheuma Will Help You
or Nothing To Pay.
OlIKS
3IIIIO
Made Instantly
and without a bit of waste
Instant Postum
the table drink so many
prefer to tea or coffee
because of rich uniform
flavor: moderate cost and
superior health value.
-at grocers
qiuii
If you want relief in two days, swift,
i gratifyjng relief, take one teaspoonful
of Rheuma once a day.
If you want to dissolve the uric acid
poison in your body and drive it out
through the natural channels so that
you will be free from rheumatism, get
a 75 cent bottle of Rheuma from your
druggist today.
Rheumatism is a powerful disease
strongly entrenched in joints and mus-
cles. In order to conquer it a power
I ful enemy must be sent against it.
I Rheuma is the enemy of rheumatism
(no matter what form) an enemy
that must conquer it every time or
your money will be refunded.
Rheuma contains no narcotics is
absolutely harmless, and thoroughly
reliable because it is the one remedy
that has relieved the agonizing pains
of rheumatism sufferers who thought
nothing would give relief. It should
do as much for you it seldom fails.
Quigley's drug stores will gladly sup
ply you on the no-cure-no-pay plan.
Advertisement.
Staple and Fancy
Groceries
Free
Delivery
MATT
BRINKER
Phone 1605 ,
4
(
TRAOCMAftH
REGISTERED
)
PLAYER ROLLS
are BETTER.
NEW JANUARY
WORD ROLLS
1
ft
1283 Broadway Rose. Waltz.
12SS Broadway Blue, The.
Fox Trot.
12S Broken Moon. Fox Trot
Ballad 1282 Coroooos. Fox Trot.
1287 CkU of My Droaau,Tb.
Fox Trot.
1288 1 Now Knew. Fox Trot.
1289 1 Want to Be the Leader
ef the Band. Fox Trot.
12141 Wonder If She's Wait.
inS. Marimba-Waltz.
1290 If a Wiah ConU Make It
So. Fox Trot.
1291 I'm a Loneaomo Little
Rain Drop. Fox Trot.
1292 In the Dusk. Fox Trot.
1293 rve Got the A-B-C-D
Bluoa. Fox.Trot.
1294 I've Got tho Bines for My
Kentucky Home. Fox
Trot.
1295 Joct Snap Tour Fingers at
Car. Fox Trot.
$1.25
1.25
1.25
1.25
1.25
1.25
1.25
1.25
1.25
1.25
25
25
1.25
1.25
1296-Laok WhatTou've Dona 4 1:23
with Tour Dot-Gone Dea
gereus Eye. Fox Trot.
1281 Margie. Fox Trot. 1.25
1237 My Bodding Roao. Fee 3.25
Trot
1298 My Little Home en Che 1.25
HilL Ballad.
1299 MyWenderfelGirL Fox 1.25
Trot.
1300 Now and Then. Fox Trot. 1.25
1301 President Harding March. 1.25
March.
1 302 RsmW Babrlao. Fax Trot. 1.25
IMS-SpringnW Ballad. 1.25
1384-Sweet Bella of San Jose. 1.25
Fox Trot.
1213-ThinkinfWTou. Marim. 1.25
ba Waltz.
1305 When I Loot Too, Mother 1.25
of Mine. Ballad.
!30S-When Yea're Gone I 1.25
Wont Forget Ballad.
1307 Wby Don't Too. Fox Trot 1.25
Some Extra Good Numbers
1286 Broken Moon - .
1258 Monastery Bella . .
1304 S woo Bella of Son Joao
$1.25
125
roi Abu yj' tmra wwa
1 Songs of Love f
1 and Happiness
A Few Q R S Blue Bird Ballaas
171 Aloha Oa ... $125 1015 Jatt AothcrKua - - $1.25
105 Aaswer - - - - 125 212 Kiaa Ma Ag aia . . 1.25
660 Baby Days ... 125 643 Lonesome, That's All 125
851 Home, Sweet Home - 125 1215 Old Black Joe - - 1.25
414 Love Too a the Same 1252 Old Folka at Home 125
OW Way (Sa Dear) .125
Ask your music dealer for QRS
Bulletin of January Numbers
The QRS Music Company
CHICAGO
New York Saa Francisco Calonhas, 0.
Dearer, Colo. Toronto London
Baeaes Aim PitUbargh
omt.
J
ffillblmv
Hear the New Q. R. S. Player Rolls at
'Estern Indiana's Only Exclusively Complete
Music House"
Opp. Post Office
Fbone 1655
Q. R. S.
PLAYER ROLLS
Can be Obtained at
The Starr Piano Go.
931-935 Main St.
Q. R. S
Player Pianos, Disc and
Cylinder Phonographs
WALTER MAN
27 N. 8th 81
27 N. 8th 81
:i
I

The Richmond palladium and sun-telegram. [volume], January 07, 1921, Page PAGE NINE, Image 9
About The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939

Connect with the Library

Find Us On

Subscribe & Comment

Download & Play

Questions

The Richmond palladium and sun-telegram. [volume], January 07, 1921, Page PAGE NINE, Image 9 About The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939

Connect with the Library

Find Us On

Subscribe & Comment

Download & Play

Questions

The Richmond palladium and sun-telegram. [volume], January 07, 1921, Page PAGE NINE, Image 9
About The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939