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The watchman and southron. (Sumter, S.C.) 1881-1930, June 21, 1922, Image 2

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The Watchman and Southron
Published Wednesday and Sator
>>v day by
Osteen Publishing Company,
Sumter^S. C.
-per annum?in advance.
? - ? Advertisements:
One Square, first, insertion ._$1.00
Kyeiy. subsequent insertion .50
Contracts for .three months or
longer will be made at reduced
rates. - -.
All communications which sub
serve : private Interests will
charged for. as advertisements.
Obituaries, and tributes of re
spect will be charged for.
The Sumter : "Watchman was
fofth.3ed rin lS.50; and the True
Southron in iStf?. '"The Watchman
and Southron now has the com
bined cire?JE?Qon and influence of
both of the old papers, and is man
ifestly the'best advertising medium
ia Sumter,
' The latest report of the Agri
cultural Department promises
abundant crops this year, in spite of
decreased acreage. On the basis
ef the condition on. June 1, it pre
?icts- a winter wheat crop the
fourth largest in the country's his
tory; wi?h a total of 607,000,000
bashels. The spring wheat crop- is
expected to be about 50,000,000
bujshefe ^larger than last year's, and
the -spring and winter wheat to
gether may total 60,000 bushels
3nore than last year.
The Outlook for oats( is 244.000,
6tr9 bushels more than last year's
Appies, peaches and pears all
3howN improvement, particularly
the apple crop, which was a com
parative failure in 1921.
> ;?s ;for garden crcps, there is no
official record; but anyone, in any
community, may form his own con
-clusioiis. . Professional and ama
teur "gardens alike are booming.
Weather conditions have been
generaHy favorable.
Clearly* Americans, at least, are
hot going to lack food this year.
Aad<<if they don't, the rest of the
world won't v
. / : ? ? . ?
BEFX^TIOX of . oratory
"The* Board of Trade of Quebec
has adapted a rule, that speakers
ahaJi -be.-limited to. three minutes,
if: any speaker insists on more
^iiBfc.^ &es^niust persuade the sec
-retary beforehand that he has
?sOlaetbing _, unusually important to
-sa^.in which- case he may be given
" ;^ixt?i-e is a. rule -whose excellence
s?ouW commend itself on this side
ofj.the border. Canada evidently
is? jbegihning to weary of the epi
^afcmic of oratory with which tl
poor old world has been afflict?
-*iaee'vt?e "war. The United State
iia* suffered from it far more tl
C^adar'apd .is stiH ^suffering. Al
m?tt; ?ves^y. public :assemblage fui
-nishes *s?urnfnl evidence fo it
City jco^g^il and state legislature
are a?lfct^? to the' point of pros
^jr^tibn. ^gohgress, perhaps, hi
the wor?t >ease of all.
? One^TJftile. bright-spots of golden
ei&nee ixt this murky .sea of volu
?biKty appeared recently in the ded
ac^tmn ^of ^the . Cleveland Public
-Aj^tlitorhim, the biggest and costli
esi building of its kind in the coun
tr^fTJ^inayor, formerly a police
eh^rs&cf hr?*n of action rather than
w??d5, ?gji^unced that there would
*ef*"n^ gab7', and kept his word.
imaking would have
finable, on such an occa-.
but the city got along
very wftMbthout it
- B55S^Hterica, or all the world,
for:that matter, would only go ih
totthe silence for a few week's, and
concentrate on thinking and doing,
wouldn't it be a blessed thing?
^-j?HnisH soundness
? There, has been no more remark
able fact, lately in international af
fairs than the steady rise of the
British *p/dund sterling in exchange
*&JtfK Its normal-value is about
$4.86../;it-has risen $1.25 in. a
htfle' more than a year, and is now
within 35_ cents or so of par.
Here is certainly a come-back
from the . business situation in
whichv fengiand was left after the
ars?stice.-;The war cost Great
Britaln>5mor.e than anv other coun
tr^^.^iejpbured out money like
water; .-for her own expenses and
for loans to her allies. She ad
vanced to other countries nearly
twice as- much as she obtained
from the United .States, and there
is, little prospect of her getting
getting5much of it back.
i&nee the war England has had
much industrial trouble. Business
hs?vheen prostrated a large part
of. the-time from strikes. Vast
sums have been paid for wage in
?euranee. There has been a slump
there; -as here. There have been
coetiy difficulties in various parts
?fo the empire. Ireland has been
virtually k>st and. a source of big
expense. -Foreign markets have to
be built-up all over again. There
j is no sure indication of peace and
j . ,
I economic, reconstruction in Europe.
j It might have been expected that
j British finance would register all
j this.
Tire fart that It does not is a
j triumph for British energy and
I courage. Britain tackled the job
of clearing away her . war debris
without any Hlusions or postpone
ments. She refused to try to make
both ends meet by making money
out of nothing. She taxed herself
to the limit,; economised where
she could, balanced, her budget,
?and went ahead determined to do
business as usual. ? And i she has
succeeded so-well that she ;is pre
pared now to begin paying inter
est on the war loans she obtained
from the United States.
There is-a convincing lesson in
.this. for other European nations
who, tackling thfe same task less
sternly and sanely, are now floun
dering in a sea Of inflated and
depreciated currency and resultant
bad business... There:: is a lesson
even for the United States. When
the ; British government make a
fcudget, the British parliament lives
up.-to it - ' ? ? ? -
People are prone , to forget that
money is a commodity, subject to
about the same laws as other com
modities. Its price rises and falls.
The -. "priee. ^of- money", or as
some economists call it, the "rent
of money"; has been . abnormally
high in recent years, along with
the price of everything else. It
has been coming down; and the
business experts- declare it is des
tined to come down further. This
tendency will not be lost on pros
pective borrowers.
Another parallel?the fall, in the
wholesale price, as Roger Babson
points out, has been ;greater so far
than the fall in retail price. That
is,, the retail money market lags be- J
biM the wholesale market. The
small borrower still has to pay al
most as much as ? ever for - his
money. The ?'big borrower has a
big-advantage. The margin, of
course, will. grow, less. And as it
does, there wiH be far more loans
ihade' Tor buying and building
homtes, developing small businesses
and-other purposes in which great
numbers of citizens are interested.
'- ? ? ? -?
? y
"~ '. . . ??? ? ? ? ?- ? . ?
it is reported that large numbers
Of bituminous'coal miners, hbpe
| less of any early .settlement of the
j coal strike, are returning to their
! homes in Europe. ?
j This movement is looked upon
j with alarm by those whe fear- a
! shortage-of fuel next winter. It is |
I quite .possible that, if the strike
j is protracted, the operators may
have difficulty in getting ? enough
miners to run the mines at capaci
ty and make up for lost time when !
the strike in,finally settled. But?
j there is- a brighter side to the pic- j
j ture. What is happening in the j
j coal industry is; one of . the im-J
! port?nt things that ought to hap-!
I pen. The industry has been over- j
? manned. There have been about '
I three miners to every ..two that
I would be- needed in- system Of con
tinuous. all-year-rOurid employment
j It has been largely this surplus of
workers that has made mining a
I seasonal occupation, with its peri
jods of rush work alternating with
j idleness. This same surplus has
! been responsible indirectly for the |
: strikes. If there were fewer min- j
| ers. they;, would not only be .. em
ployed s more -steadily, but treated
better and paid better wages. The j
j immigrant miners -who are now j
! emigrating: are doing their fellow
I workers <a. service.It would be
j worth a temporary shortage, to the
American public, and eventually to
! the 'coal industry itself, to have
them stay in. Europe.
-? * *
A wonderful telescope, costing
I nearly a> quarter of a million dol
lars, is being built for the Ohio
Wesleyas University* at Deleware.
I O. The story of Its giving is as
; interesting * as anything It may
I hereafter tell of worlds beyond
Prof. Hiram M. Perkins, nearly
89 years old, whose salary never
exceeded $1.800 a year, and who
i is now living on a small pension, is
| contributing nearly $200.000 of the
I money necessary. His sister and
I brother-in-law are giving the rest.
The old professor saved, even on !
! his small wage, and happened to
j make, some very fortunate in vest -
i menst. Instead of altering his way !
I of life when his wealth increased,
i he lived on as simply as before,
j saved and reinvested and still saved
I on, always dreaming of the great t
j telescope for his college. Now, at j
! the end of his life, he is able to
! bestow it. He did not wish hi*
J name known, and it was only with
great difficulty that it was finally
learned. .
Once in the course of his long
life he inherited some* money from
the sale of his. father's -old farm.
This he invested -in a home in Del
aware. Later, just after his retire
j rnent from active teaching, he and
his wife dissipated wildly with a
winter in Mexico, a visit to Europe
and a trip around the world. Then
they came back and lived quietly
There are two requirements as to
the use of bis gift. ;Fristf it is to
be used for the instruction of all
the students of the university
Second, it is to be turned over at
regular intervals for the use of the
! outside public. After that, if there
is any time left., it may be used for
research. Prof. Perkins believes
that "Astronomy is the queen of
sciences. It, outclasses all other
studies in teaching the "majesty and
power of Cod. There is ? nothing
that will give young people such a
conception of the ? greatness and
power and beauty of the Creator as
the study of the infinite.bodies that
fill the heavens."
A kingly gift, indeed, from a
kingly soul.
_I- ?mm ?
* One of the most ironic pranks
played by fate' recently has to do
With the former chief of the avia
tion service. He had flown hun
dreds of times without mishap.
Venturing on horseback, he was
thrown and had three ribs broken.
.. If. he had been riding in an au
tomobile, he might -have been
smashed up in a collision. Or
walking across the strete, he might;
have be^n run over. Or living in !
rural retirement, he might have!
been kicked by a cow. - N
Life on land always was pre- j
carious, and grows more, so right
One is reminded of the sailor's
classic soliloquy, in one of the old
McGuffey readers:
"A strong nor'wester's blowing, j
Bill, i
Hark! Don't ye hear it roar now?
Lord help 'em?how I pities all
Unhappy folks bn shore now!"
Soon we may all have to take to
the air, and- stay there, for safety. ;
o ? ?
American imports, which shrank j
sharply during the war years j
1 when, the tremendous gain in ex
ports commanded national atten
tion and stimulated- agricultural
and industrial production to the
limit, are now making marked
grains and. there. is every evidence.
that the increase is to be a perma
nent one.
Despite the fact that business is I
not yet normal, imports are now j
consistently above the 1913 levels, j
and increased consumption of oil,'
silk, sugar, meat, tobacco and wool
indicate new conditions vc our
business at - homer: Purchases of
hides, refined copper and wood j
pulp still lag but those of finished
manufactured; goods, and especial- |
ly of cotton fabric? and cutlery are;'
setting new record-s.
All this bodes well for American
business. The world's debts, na
tional and otherwise, to the United j
States are enormous, and they I
must be paid, at least for the most j
part, in goods. Every substantial
gain in the volume of our imports I
is evidence of the world's gradual j
return to normal business condi- i
tions?and of" changes overseas!
which cannot fail to strengthen the
market for American products.
We are accustomed to think of
this earth of ours as a finished
product since it cooled off, and the
life we know came into being. We
do not expect new mountain chains
to arise from its ? bosom, or old
ones to subside suddenly. ? We can
not conceive another glacial period,
nor do we want one;
But every now and again we hear
of change in the world's face. Not
infrequently a volcanic eruption
blows the top off.a mountain! or
creates new islands in the seas. Oc
casionally some great river changes
its bed in flood time and counts its
victims by tens of thousands. Xot
many months ago "the mountain
walked", said Chinese peasants
near the scene, and the whole
physical configuration of a district j
as large as the state' of Ohio was
made over in a night. Now, near
er home, our attention is directed
to the unceasing encroachments of
the seas.
Along the flat Jersey coast the
annual loss of acreage has at last
attracted the attention of the state
government and a large appropri
ation has been asked with a view to
the protection of Cities and farm
land along the shore. Those who
have studied the action of the rest
less water are arguing for national
activity, on the ground that every
where along the Atlantic, the ocean
gains upon the land by erosion, and
particularly where, the land is low
and rock is lacking. The situation.
(it seems, is far more acute even
! than along- the great lakes where.
I since the white men came, the
j water has cut away a foot of bank
a year despite all private effort at
beach protection by means of piers
and breakwaters.
The Jersey towns which cry out
for protection have in mind the
plight of Galveston after the big
wind, ?and recall the tales of whole
cities of medieval England now
vanished in the waters of the
channel! They point to populous
! districts in the Orient literally env
gulfed by typhoon-driven waves.
Man's struggle with nature is al
ways worth watching?and usually
! futile. One cannot but wonder
whether the land along the Jersey
j coast which can be saved for a gen
eration or two is worth anything
like what it must cost to thwart
the Atlantic.
? ? o
American capital has assumed in
I Canada the role played in this
; country for a half century past by
j Great Britain. Today 34 per cent
? of the money invested in Canadian
! industry is from this side.the bor
J der.
! "Preference enjoyed by Canadian
goods, in many parts of the British
empire, and customs duties levied
on importations into Canada have
led American firms ? to establish
more and more branch factories in
the Dominion until today there are
hearly ibo such plants in opera
I tiOn. ? Capital from the ': United
j States practically controls the pro
duction of abrasives, motor car ac
cessories and \ proprietary . medi
cines. Of the Dominion's motoi
car industry 61 per cent is, Ameri
can owned.
Kot at least, of the factors con
tributing to this development is the
enormous water power available in
Canada and the low cost of genera
tion ? and . production. Winnipeg,
ifor instance, has the cheapest ih
| dustrial; power of; any city b.i the.
I continent while marketable current
: can be produced comparatively
j cheaply, and in tremendous vol
! urhe. in almost every section of the
j count ry.
In view of Great Britain's post
war burdens, it is evident that the
United States must continue to fi
nance Canadian development for
ye?rs to come. There . is little
chance, therefore,.. that- the com
plaint heard last week in the Do
minion parharoent^that the .profits
from these investments leave ; the
country, will have much influence
with those who have Canada's
building up at heart.
.-. -1 ? ?-?
British peeresses, as was to be
expected, are np in arms against
the refusal of the House of iords
to grant them admittance. They
insist that they are properly mem
bers of that body by virtue of their
titles, along with their other noble
prerogatives. They are proceeding
accordingly to force such changes
in the "sex disqualification act", on.
.which their alleged ineligibility is
based, ?s will damit , them.
American sympathies are Nvith
the peeresses, and probably British
sympathies are, too. With Lady
Rhondda as a leader, they haye an
advantage'to start with. Several of
the aspirants are admittedly... su
perior to the average male member
of the House of Lords, and there
is a..general disposition to agree
that at worst, the women couldn't
do any worse in the British upper.
house than the men have done.
Their effort to break into that
house, however, might weil be
ascribed to social rather than po
litical ambition. The Lords have
little authority left. If political
power is what the women want,
they should run for the House of
Star Arrives
Elsie Mackay. known as "Peppy
Wyndbam" to British movie fans,
arrives to America with her father.
Lord Inchcape, from whem she was j
estranged several years ago ftiUow' j
ing her debut in films. ^
To-day's Best Jokes
and Stories
j ? Sambo: "Looky he?h, big boy,
don' yo-all mess wid me, 'cause
Ah's hard! Las' week Ah falls on
a buzz saw an' Ah busts it?com
;:-Rambo: "Call dat hard? Listen,
man, Ah scratches de bath tub."?
The American Legion Weekly.
i Film Producer (seeking loca
tion ): "You say your mistress is
?way? I suppose she wouldn't ob
ject to my taking a few scenes in
her grounds?"
j Trusty Old Retainer: "I don't
j suppose so, but you mustn't come
i 'round afterwards bothering her to
buy the photographs!" ? Passing
j Show.
j "Mr. Wadleigh, a gentleman
: waits to see you on urgent busi
! ness.
j "Does he look prosperous?"
I "He looks poor."
j "In that case the urgency is his.
i Let him wait."?Birmingham Age- j
I Heirald.
- .
j Mother: "Willie, I'm shocked at
I you. Do you know what becomes
|of little boys who use bad words
j when .they play baseball?"
Willie: "Yes'm. They grow up
and become golf players.."?Bos
ton Transcript.
' Professor: "What is ratio?"
Student:- "Ratio is proportion."
S Professor: "What, is propor
j tion?"
Student: "Proportion is ratio."
I Professor: "But what are ratio
and proportion?"
Student: "I can only answer
one question at a time."?The
"What is a flapper?"
"A flapper, Henry, is the latest
style cigarette holder."?Wesleyan
. ?... , ?
"This paper says it'll rain to- j
< '^Well, why don't you buy some
other paper?"?Lampoon.
"So you made this home-brew
' yourself? It smacks all right. I
j didn't know you had it in you."
j "I haven't."?Life.
* > y .......
Young Wife: "The trained nurse
Is .?oing to teach me how to give
?the baby its bath."
J "Young Husband (anxiuosly):
i "Don't you think we'd better send
;j out and hire another baby?"?
; Modern Hospital..
j ,"And then on the fifth green
.j "Pardon, old man, but is this
! going to be an eight-hole story or
? only a nine, because I have to meet
ja. train?"?Life. .. .
Weary Willie slouched into the
."How much will you give me for
this overcoat?" he asked, produc
ing a faded but neatly mended
I garment.
! Isaac looked at it critically. .
"Four dollars,'' he said.
"Why," cried Weary Willie, I
"that coat's worth ten dollars if
it's worth a penny!*'
' "I wouldn't give you ten dollars
for two like that," sniffed Isaac.
"Four dollars or nothing."
"Are you sure that's all it's
worth," asked Weary Willie.
! "Four dollars," repeated Isaac,
j "Well, here's yer four dollars,"
?said Weary Willie. "This over
i coat was hangin' outside yer shop,
'and I was wonder-in' how much it
j was really worth."?Los Angeles
I Times.
! "The evidence seems to show,"
! said the detective, "that the thief
j wore rubbers and walked back
I wards." ;
i "Then we must look out for a
[ man with receding gums," remark -
i ed the wag of the force.?Boston
j Transcript.
i- -:
! His Sister: "Were you annoy
j ed when Margaret sharpened her
j pencil with your razor?"
! He: "Twice! After I'd given up
i trying to shave and to write with
I the pencil."?Boston Transcript.
j Dugald M'Tavish, the all-round j
i athlete and sportsman in the vil- |
j l?ge, entered his . name for all j
i events, in the local- Highland \
I games.
I The first event on the program
j was the half-mile, and of eight
i runners Dugald finished eighth,
j "Dugald, Dugald," said a fellow
I Scot, "why do you not run fas
"Run faster!" he said scornful- I
ly, "an' me reservin' mysel* for the,
bagpipe competition."?Pittsburg
; Chronicle-Telegraph.
Mistress: "I've lost the key to j
my writing desk. Marie. Go and
look in the old trunk in the kitch- I
en?you might find an old key that I
will fit."
Marie: "It's no use, madame, I |
tried them all long ago, and none j
of them fit."?Le Matin.
The proof of a people's ignorance j
lies in the number of things it is;
afraid to fhake a joke about.
One thing a strike doesn't settle
is the striker's grocery bill.
Mayonnaise dressing is of man's
life a thing . apart; 'tis woman's
whole existence.
Dispatches from Ireland are mea
ger now. Doubtless they are too
busy dispatching one another.
"It" has a vague and meaning-1
less pronoun until some man says: j
.'T know where you can get it."
m ? ??? ? ? ?
Be modest. The smaller the dia
mond, the better its chance to es
cape the charge of being paste.
When the wife's away, the devil's I
to pay.
^There's one consolation. Tne j
twisted face of the tenor in the
t.f ? ? ? '- ? '.' ' ? .
j choir indicates that he is suffering
as. much as. you are.
j We seldom envy those who are
j far ahead of us, but only those
of our class who are one jump
' ahead.
j Just because a law is necessary,
I humanitarian and reasonable, it
j doesn't always follow that it is un
That new orchid called "Sophro
laeliocattleleya" makes it a .little
more difficult to say it with flowers.
Peanuts are a veritable family.
In the summer they see all the ,ball
games and in the fall they serve in
politics. .. ?
It is the . duty of every man to
learn enough about the radio to
take an intelligent interest in the
With Beveridge booked for the
senate, there is no particular rea
son why Glass should not aspire
for the White House,
Our friends are those in whom we
imagine good qualities; our ene
mies are those in whom we imagine
bad qualities.
! It's a hard life. If you live in
I the lowlands, the floods ?will get
jyou; and if you live in the mouh
j tains, the revenue men will get you.
season use .organdie. Or doited
Swiss, if you prefer. Sea green, with
white and black dots, bright red
with blue-dots, blue with, green dots j
are. favorite combinations.
The fire, department was called j
out Friday about 7 p. m. to Mr. I
F. P. Bryaii's home on Wright St. j
The cause of the fire was that what i
appeared to be a flue was .only a!
fa'se flue, and when a fire was made j
in the stove, the few shingles,!
which covered the stove pipe, i
caught on Are. Heretofore gas had j
been used, and therefore a flue was j
not necessary. The fire was soon
extinguished, and only a very
small damage was the result.
????? ? ? ? ? ? ??
One cut that takes a long time
to heal is a wage cut.
Candidates Cards
I hereby announce-, myself a
candidate for Congress from the
Sev-enth Congressional District, sub
ject to the rules of the Democratic
party. * I also wish to take this op
portunity to say that if. eteeted. I i
shall endeavor to faithfully dis
charge the duties of the office and
to merit the confidence and sup
port of the people.
Candidate for Congress.
? ? ? -
Entrance Examinations
Entrance examinations to the
University of South Carolina will be
held, by the County Superintendent
of Education at the County Court
House, Friday, July 14, -1922. at 9
a. m.
the University offers varied
courses of study in science, litera
ture, history, law and business.
The expenses are moderate and
many opportunities for self-support
are afforded. Scholarships are
For full particulars write to
President W. S. Currell,
University of South Carolina,
Columbia, S. C.
o ? ? '
WANTED?I want school teachers j
and high school graduates to j
write me about our summer,
school and easy payment plan.
We offer 25 cents for good cot
ton in exchange for tuition. M.
H. Bowen. I" resident. Bowen's
Business College, Columbia, S. C.
Phone 6810.
18 N. Main Street
Motor Equipment
Licensed Embalmer.
Night Phone 798-L.
IA Series of Editorial E
ace to Business
vation of Our Tran
Suggiestions to AM
turn of Prosperity.
i; >. t : .1-. x
Our railroad situation recalls:
Mark, Twain's famous complaint j
about the,, weather. . "Everybody i
talks about it," he said "but no-J
body DOES anything about it."
P -* % >>jc .-ij--.: i >> I
Herbert Hoover, testifying before I
the Interstate Commerce Commis- j
sion February 4, 1922, made the
very serious statement that nhless j
the railroads start-^not eventually, ?
but now?enlarging and improving]
our transportation^ machine, cer-j
tain things must happen. He did j
not say Vm?y happen"; he said!
"must happen." And what are j
these certain things that we must
face at the first peep of prosperity?
Inconvenience in getting satisfac
tory sleeping car space? A few
days' delay is for factories all over
the United States with full order
books and empty work benches,
"closed for lack of cars"; advances
of $i to $3 a ton on coal. Pre
mium of 20 cents a bushel for cars
in which to load grain. The bitter
hardships of unemployment. Com
plete industrial strangulation.
Now, the business men of Amer
ica know that Hoover is not given
to loose talk; and further, that he
knows what he is talking about.
They know that the conditions he
forecasts would mean panic?a
panic bringing far more serious
consequences to every line of busi
ness in. this country than anything
we have seen. These men are cred
ited with world leadership in in
itiative and result-getting abilities
when once aroused to the impera
tive need of quick and effective ac
tion. What* then, are they actually
doing to meet this threatened dis
aster? The .astounding fact is that
the yare sitting idly by, while three <
conflicting interests conduct a long- j
winded debate on the proposition
"Resolved, that, the other fellow
should pay the bill."
General. Alarm. Sounded
. Threatened with conflagration, a
general alarm is sounded. Instead
of the rushing fire department,. a
talkative, gentlemen .calls and ex
plains that he has an upnaid bill
for equipment which, he would like
to ?see,, settled before anything else
is done; ; and , a.. committee from
the. firemen's organization serves
notice that this is a .good time to
discuss salaries; and the water com
pany suggests readjustment of .its '
city contract. !
Put the fire out first.
We face one paramount, need.
Our transportation plant must be
enlarged without delay. More cars,"i
more terminal facilities, > more j
trackage, more?m?tive.power, more j
government Sav
ings Securities
Acting Postmaster, Sumter, S. CV.
of the local post ? Office says that
the sustained popularity of Gov
ernment Savings Securities in the
Fifth Federal Reserve District is
indicated by a report just received \
from Howard T. Cree, government 1
director of savings for the district.
According to the director, the'
people, of this district invested in
nearly three-fourths of a million
dollars worth of Treasury Savings |
Certificates during the. month of i
May, The exact figures compiled j
from two hundred and sixteen post I
offices and in the Federal Reserve j
Bank of Richmond- are $718,683.
This is a highly favorable contrast |
with the receipts from the sale of j
savings securities in May, ?.1921,
which were only $101,293.
- The amount of these certificates
sold in May, 1922, for each state
is as follows: Virginia $159,275;
West Virginia $153,625: North
Carolina $122,625; District of Co-;
lumbia $112,225; Maryland *$8?~?
discussions of the Men
suiting From thfe Star
sportation System and
Concerned in the Se<
shops and shop equipment.
. These tilings can be provided in.
but one way?by. increased
ment in railroad securities. The
Esch-Gummins. Bill announces a- ?
minimum return at which;oew cap-* ;
ital could be attracted to-railroad- -
investment. Present net earnings
produce, far less. than that mi?
mum. Then, surely, common senaa
must tell us that the railroads must
have increased net earnings if-we"
are to have the increased-tears
portation facilities without whicfcy
as.Hoover has so clearly pointed
out, prosperity." must die. a-borning. "
Management Political, Diplomatic -
The Interstate Commerce Com
mission decides how much the rail*'
roads may earn. The IL S. labor
Board then,decides .what percent
age of earning*; they may keep.
Meanwhilev forty-eigtet state com--,
missions furnish local complieaV
tions.. We all know the fundamen- ,
tal requirement for successful. eon-.
duct of any business. . The organic
zatibn, from top to bottom,. must
give its best thought and best work
to. the problems of the business-a
but railroad management has be
come a prolbem in politics and dir
plomacy. Witness the .growing ten
dency, to elect, lawyers as,chief ex
ecutives of our railroad systems.
Plans for operating eoonbniies^traf
fic. development, improvement -in
service?al l- must he squeezed in
to the small ,arjd ever -smaller^
spaces between "hearings." \*. The
situation is impossible. No bast
ness can permanently. sunrv?ve Jaxr
less the executive and operating
brains of its managers can be con* i
centrated on the; industry itself; *in
stead of being dissipated in-con
stant efforts to release its. throat
from strangling cords, of govern
mental restriction.
Igvery line of business in Amer
ica depends, not ultimately, but irn
mediately, and directly, oa rail
transportation. If transporta???
fails, business fails. An emergency
confronts us; ,and the{Jfcic&?o
Journal *>f Commerce ;wiH -present*
in a series of articles of wbMh
this is the first, some definite. cJtnr
structive suggestions for meeting
the. emergency. ?
Business in. every- line mast rei?r
ister at Washington in unmis^y.k- -
able terms, a. command ih?tt- Hie ^
immediate issue of increased-tr^a^
portation facilities be settled now.
The incidental issues, coverim? J*at
dstributiqn of .Jthe, cost, are *m*.
portant and must fee adjusted fair- i:
iy; but they will have to Traitor
Chicago Journal pf- Comrae^cev. >
' .?' ? .-?-. . ' -*
IfSZ;' South Carolina ^27,4^5. "in
addition -tbere were sold tKrougJS.,
the Federal Reserve ' Bank o?\
Richmond $104,555, mjafcing; a
grand total of $718,683,.
"This sum of nearly three-,
fourths Of a million. dollars." :said
the postmaster* "will mature a^d
may be .collected . in ~1&2%S:
and the original in vestment wiH
increase 25 per cent in the 1toi#'^
years; - This is an -exhibition of fi
nancial wsdom, -which should fee -
imitated by thousands of othersv
who,, in vain hopes of getting rich
eaick, put.their savings, in sd^abefT'
ef questionable character, ?"?wfcea. *
there is no certakity of return <>f
either principal or interest. -It'>M
better to be sure than sorry.**
It might save wear and tear in
the course by granting marriage fi-"
censes for one year with ^ttoe.pri^..
lege of r^aewing.
.?' * r ? ? ?
The man who "fishes for compli*
ments usually gets caught.
The first broadcasting sta?b?"
was reading ihoyie sub-titles al?udV
There are so many people who keep their money at home
or carry it about on their person, without the least thought
of the risk , they are taking, not only of losing their money,
hut their lives as well. ~ ^
Murders are almost of daily oecurence, the object In nearly
every case being robbery.
Banks are established not only to make money for their
stockholders, but are a protection to the public
We not only guarantee you 100 per cent safety but we will
allow you interest on your deposit. Is this not worth yoor
Serious consideration?
Think it over and Dring in what you have, it matters sot
how little.
The National Bank of South Carolina
Of Sumter, S. C
The Most Painstaking SERVICE with COURTESY
Capital $300,000 Surplus and Profits $800,000
Give as the Pleasure of Serving YOU*
The Bank With the Chime Clock.

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