Newspaper Page Text
THE NEWS SCIMITAR.
FRIDAY, NOVEMBER S, 1t20. COHON BANKERS Iff DISCUSS PLAN FOR EXPORT BODY ATLANTA, Ga., Nov. 6. Fonga fion, of a $12,000,000 foreign trading corporation under the Edge act for tlift purpose of financing business dialings between the cotton-growing states of the South and foreign coun i tries will be. begun at a meeting to -be held in Ne.w Orleans Saturday, to be attended by prominent bankers from all of the Southern states. The meeting was called yesterday by Kobert K.- Maddcx, president of the Atlanta National bank, as chair man of a special committee formed at th6 recent annual " convention of . the American Bankers' association held m Washington. Thn mnntlnv will ka tA !f VinM by the committee since the Washing ton convention and Is toVrange the details for the -actual formation of the corporation. The new corpora tion will trade In all products of th6 South but cotton will receive fhst attention. "J According to Chairman Maddox, the company is not planned to con trol the cotton situation or aid In the holding of cotton for higher prices but to finance the sales of cotton and other products to for eign countries. "There is, as we all know," said Mr. Maddox, "a wide discrepancy in the customs as to credit periods be- tween most foreign countries und our owf. Whereas the' American buhintss man is accustomed to doing bUsinews .on a 60 or 90-day basis, tho foreigner generally expects nine' months' credit when he makes a purchase, it la in order to carry over the accept ances and other papers which are received in this international trad ing, from the cusiomary American 90 days to the completion of . the longer credit period 6f the foreigner than that this company is formed. "The great trouble with the mar keting of the crop today is not, afe so many believe, -the fact that the ' price has dropped from 42 to 20 cents , per pound but that even at this low figure there is little market for it. "In order to provide that market it Is absolutely essential that, through the various export corporations and similar organisations already in ex istence,, the sale of cotton to the Eu ropean countries bo resumed. . To successfully accomplish It is impera tive that banking facilities be pro- t viuea. -j-nis, we believe, this cum- Jau?. win uu. MEXICO7 EXECUTES AMERICANy SLAYER Lieutenant-Colonel Arrested as MurderAccomplice. WASHINGTON, Nov. Sum mary trial an execution of ttrr un named Mexican, charged wlth the murder of .Arthur U- Mostly and Gustave Balazar, American eltisens, has been reported to the America embassy at Mexico City by the Mexi, can foreign office, tho state depart-' mer.t was advised yesterday, , ' The foreign office also reported to the embassy that Lieut. Col. Guade lopse Gonzales has beeo arrested by the federal 'Mexican authorities as an accomplice in the killing of the Americans near Tampico, Oct. 25. Under instructions of the Btate de partment the American embassy! had made urgent representations to the foreign office that prompt and ef fective measures be taken to arrest and punish -the guilty. The depart- T-1 T ment also Instructed tho American consul at Tampico to make rnpi mentations to the local authorities at Tampico. v NEW YORK SEES FIRST GERMAN SHIP SINCE 19T4 -NEW YORK, Nov. 6. The first merchant steamship flying the Ger man fjag to come to the port of New York since July, 1914, arrived here yesterday. " The vessel, which marks the' re sumption of trade with Uermany un der the flag of that country wa the Sophie Rickmers, a steamer of 4, 863 tons, built in Germany during the war. She is f lying the old German merchant marine flag. Th6 Sophie Rickmers was retained by the Germans under the provision of the armistice regulations which permitted that country to keep such vessels as were under construction and not 60 per cent completed when the war - ended. She is assigned to the Kerr Steamship' company, as American agents. The Hhip is in ballast and will take cargo here for the return voyage. Her captain and crew ar German, ARKANSAN RUNS DOWN PEDESTRIAN G. S. Huff, 1'nrkin, Ark., was dock eted by police on .a charge of reck less driving, folKSwing the running down if 1. O. Ragsdale. 825, North Second street, Thursday. Itagxdale was reported as only slightly hurt fl'he accident occurred at Second street and Commerce avenue. CONFERENCE PLANNED. I'ARIS, Nov. 5. An tnter-aMed con ference of orKaiilziiiionH representing Rilled Combati'.its In Hie world war will -p'n In Paris, Nov. t. Tlic .Uniti-d States through the Anioricvi ljxglun In France; Ui-eut Britain. Belgium, luily and Ctocho-Slovakla will be rep- esfuted- Invltalluns liHve been "t to organizations in Greece. Japan, J'or- tUKiil and JtiKO-Slavia to have Repre sentatives attend. frerif Bond Owners IT WILL BE TO YOUR INTEREST TO COMMUNICATE WITH US ' , ' Columbia Mortgage & Trust Co. PETER G. GRANT, President 80-82 Madison Ave. . Memphis, Tenn. V if THE DRESSIEST A M WALKING BOOT fl yf I , A shoe of striking beauty. The Vr'ijOi I narrow U and pretty Cuban V 'j trn' ' ELKUS IS NAMED ON ; ALAND ISLES BOARD J .WASHINGTON, Nov. 5. Selection Of Abram I. KlkUs.ot. New York, former ambassador to Turkey, as the I American membe of the commission : Which is to decide the future status ' of the Aland Islands, was announced 1 yesterday at the state department, i i Mr. Elkus, It was said, would not act as a representative of the Atner- jtH.u lurenuneni, DUt would partici pate in the commission's discussions under the league of nations council which recently invited President Wilson to suggest an American member. The president sent the name of Mr. Elkus to the leaguo council several days ago, and the council forwarded, tb the state de partment today a formal approval. The commission on which Mr. Elkus Is to serve will decide on the I- respective claims of Sweden and Finland to the islands. 1 BARRASS0 HURT WHEN AUTO TURNS TURTLE Bruises about the fare and va rious scratches Were the extent of injuries to Arthur Barrasso 115 Market avenue, Thursdny night at 11:30, when an automobile in which he was a passenger, overturned near the northeast corner of Overton park. His injuries were dressed at ths Baptist Memorial hospital. Guaranteed Gold Crowns PRE-WAR PRICES Guaranteed , Plates for $10 Our large volume of business, In two large offices! quantity buying of supplies, superior organization, operating our own laboratories, has enabled us to put PRB-WAR PRICES into effect and at the same time render you fully guaranteed dental work of the highest type and finest quality. , - THESlf PRICES GOOD FOR 15 DAYS $4 : 1 - v PLATES $20.00 .(tin Plates..:..... 4) 1 U $30.00 4 c Plates.. 47 1 D $50.00 ; S Plates: pZD CROWNS ' $8.00 Gold (f A Crowns . PnT $10.00 Crowns. ...... $lt.00 Gold , , Crowns . . . , We specialize in the evtration of teeth, with gas or local anaesthetics, as desired or indicated. Dr. H. H. Fairfax, MAI.V AND,MAlISON Two Entrances Over No. 5 8. Main Over 87 Sladlson. 8Z . JANET 8TRAPS . A new trp effect, mart, different ; emphasizing the French influence for instep dressing. You'll rejoice at the, originality. . ' Women of Fashion Most worien have a love for exquisite Jeathers. They rejoice over exclusivotailored foot-fit ting. Walk-Over designeri have emissaries searching the hills of the world for kids of soft, gloyelike texture. Skilful shoemakine fashions them into fine shoes. The Walk-Over store is always interesting to women of fashion. The entire Walk-Over organization works for one object to merit your good-will, no matter what your tastes or requirements. vet- faiiiiiiiiiiiii Gifts l&Xsr ' That Last iiiniitiiiiii Sincere Personal Service May Be Purchased On Payment of One-Fifth Cash Balance in Ten Equal Monthly Payments They are the one 'safe investment that bring continual year after year increase in value as well as pride of ownership. There is wider , range forselcction if y.air choice is made now,' and for your conveni ence, in the event you do not wish to pay all cash, arrangements may be made for the payment of one-fifth the puchase price cash, and the. balance, p!Js five per cent (which is our only additional charge for credit accommodation) may be dividM into ten ecmal' monthly payments. Arrange For a Selection Package '. To Be Sent To Your Home .At this time, where many are prevented from visiting our diamond salesroom, we will, upon request, arrange to send a liberal selection package of .diamonds to your home, express charges prepaid, and upon memorandum. Choice isnhus made without confusion jn your home. There ii truch iiitinc( be oained In the selection of-your Christmas Diamonds and Jewelry by haVlng our General Catalog sent you. It will soon be ready for mailing. SHOE STORE 110 South Main St. HELD TOR TIRE, THEFT. Charged with IihvIiik stolen 192.50 worth of auto tires from the Taller- non Transfer company, and soiling: them for S20, Charles Bryant, negro, 227 Mulberry street, was arrested on a larceny charge Thursday. 11. G. Gordon. 175 South Second tret. jjtharged with having bought the tires, was held for receiving atoien prop- erty. , Announcement We Take Pleasure in Announcing i the Purchase of the Good Will of the Pittsburgh Coal & Coke Co. Who have served the City of Memphis for many years AVe are in a position to make '.v." prompt deliveries of the best jrrades of Pennsylvania Egg and Chestnut Anthracite, West Vir ginia Pocahontas, Jellico, Red Ash, Brilliant, Sipsey, Alabama, Illinois and Kentucky Coal for domestic purposes. . We have in stock a supply of the best grade of Blacksmith coal, Gas Foundry and Crushed cke for city and country shipments. We assure the patrons of the Pittsburgh Coal Company as - well as our own trade of our ability to take good care of their coal requirements, and will be glad to have them telephone ' orders or pur representatives will call upon request. i Latura-Whitten Goal Company 1 Decatur SL and L. & N. R. Ii. Phones M, 2531-2532; 11. 621. Heart! 19 North Main St. Memphis u osson - vw te , ) n& DIAMOND MERCHANTS JEWELERS SILVERSMITHS v Jl-Wl-.liKh f SILVERSMITHS Opposite Court Square L CTPiUNBAR'S SOUTHERN SYRUP always hits v " tjTWK JLthe spot, but if the folks in your family ever t-Cf' once taste it you'd better keep a good supply ort hand. ' (SOTHFRN SYRUP w DUNBAR'S SOUTHERN SYRUP has that thor ouglily delicious tasle of the fresh cane itself. Boiled to a smooth, mellow syrup. Have you kiddies at your house? My, what a wild scramble there will -be for this rich, mellow syrup. It's half the meal to their young appetites. Healthful for them, too. Pure as pure can be wholesome nourishing--a builder of strength. Ask your grocer for the checkered can. DUNBAR MOLASSES & SYRUP CO NE W ORLEANS, LA. NEW YORK MEMPHIS Jutt at the family voAtxmtt a ehangt in the Heme on the daily menuto vtil they more fully enjoy the varioue deluHoue flavort in Dunbar' e Syrupt. Each it guaranteed highett quality. Dunhar't Syrupt are packed under several colored checkered labile. Aim FatkaMef Cotnrrieht 1JM D.k.a.Co. TUNBACR HAND V. la K round mlxl t hrkd cast. lalBsr wKh tha rcawvaM cvar. SC3iIiLiaH51 !!!i V iiiiiiiiiiiiiiifmiiiiiiiiiK. mmmm