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6 THE ATLANTIAN November, 192 A. L. CURTIS DRUGS 35 W. MITCHELL STREET Atlanta, Georgia 37 Years in Business 27 Years at My Present Stand He Serves Best Who Serves Most My Motto Has Always Been “THE BEST” A. L. CURTIS DRUGS 35 W. Mitchell Street Atlanta, Georgia $500,000,000 for their operation by their new owners. Borrowers of the $125,000,000 plac ed at the disposal of the Shipping Trust by President Harding’s “pet measure” would be enabled to obtain loans at an interest rate of 2 per cent and for terms as long as fifteen years. The only collateral pledged for the re payment of these loans would be the ships upon which the money was bor rowed, while the amount lent by the government in any given case might be the equivalent of two-thirds of the market value of the vessel upon which it was advanced. The Democratic members call atten tion to the fact that while this bill gives powerful corporations the priv ilege of borrowing the government’s funds at a rate of 2 per cent a year for a term of fifteen years and up to two- thirds of the market value of the ships upon which loans are made, farmers who obtain money from the Federal Farm Land Banks can get accommo dations only by paying interest at the rate of 6 per cent a year for limit ed periods and in sums not exceeding 50 per cent of the market value of farms they mortgage as security. Over and above these direct bonuses from the Federal Treasury, the bene ficiaries of the president’s “pet meas ure” would received indirect subsidies. They would be exempt from all Feder al taxes provided the amount which would be otherwise payable as taxes is invested or merely set aside for in vestment in new ships. No such gen erosity is suggested in respect to th farmers or small business men c wage workers of the country. Only th. rich are to have new riches. Verilj “unto every one that hath shall l given, and he shall have abundance.” There is nothing in the bill thai promises cheaper ocean freight rate or that provides for regulation of th. charges or business of these receivers of public funds. There is, however, every reason to believe that the bill intends the repeal of certain section, of the Federal anti-trust acts in order that railroads may operate ships and the shipping interests may combine to enlarge and consolidate their present monopoly. Finally, the bill gives the Shipping Board autocratic powers the nature and extent of which are typified by the provisions freeing it from the ob ligation to make reports of its acts or expenditures to any officer or branch of the government or to seek annual appropriations or authorizations from congress as other departments and bu reaus are compelled to do. LET “PAT DO IT” 510 Courtland St. A SINGLE-TRACK MIND. North—I can get you six per cent. West—Great! Man, I can taste it already! “No, I mean for your money.” “Well, I expect to pay for it, of course.” President Harding Calls Congress in Extra Session Republican Control in the House Gradually Slipping to Democrats By GRATTAN KERANS, (Special Correspondent. Washington, Nov. —A It h o u g h President Harding’s call for a special session of Congress declares it is ne cessitated by “the public interests," this phrase may well be interpreted “private interests,” seeing that the particular purpose of the extra ses sion is to pass the ship subsidy bill. Since President Harding insists up on legislating the people’s money into the pockets of the “privateers” behind the present ship bonus bill, it is per tinent to study the price that will have to be paid in taxes to provide these special interests with all the largesses that are proposed for them. The salient facts in this connection have been furnished by the Democrat ic members of the House Committee on Merchant Marine in a minority re port submitted last June. This report shows that the Govern ment’s fleet built during the war and now in the keeping of the U. S. Ship ping Board cost the people $3,000,000,- 000. The Shipping Board would be au thorized by the passage of the pending bill to sell these vessels for $200,000,- 000—a loss to the taxpayers of $2,- 800,000,000. Having purchased the ships, the new owners would have the opportunity and the disposition, in the opinion of these Democratic members, to capital ize them for something like their true value and base their freight rates on this higher valuation, so that the peo ple would suffer first from the Ship ping Board’s ruinous deflation of $2,- 800,000 and afterwards by the Ship ping Trust’s reckless inflation of more billions. This would be/i'ri additional loss and burden for the taxpayers to bear for the aggrandizement of special interests. The bill contemplates the granting of bonuses aggregating $750,000,000 to the private concerns which buy and operate the ships and the lending of $125,000,000 to these corporations and individuals to pay for the building of new and the reconditioning of old ves sels. That procedure, the Democratic representatives point out, would be tantamount to giving the ships away and then bestowing rewards totalling Rector 9 s Cafe NEW AND UP-TO-DATE A CLEAN PLACE FOR Ladies and Gentlemen WHOLESOME COUNTRY COOKING WELL SERVED At Popular Prices 170 PEACHTREE STREET TOM DATOS, Manager THE CAFE DeLUX