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PAGE FOUR
THE CORDELE DISPATCH
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D EROAS it G DOO
Sst wsaspsimmithedsppiesmmepieodaprn e
Entercd as second class maiter
June 2nd. 1020, at the post office at
Cordele, Ga., under Act of March ::rcl..‘
1570.
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of ®il news dispatches eredited to it
or mot otherwise .credited in this pa
peeand also the local news published,
BIBLE THOUGHTS FOR THE DAY
FAMILY REJOICINGS — “And
ye shall rejoice hefore the Lord your
God, and your gong, and your daugh-|
ters, and Your menservants, ard
your maidservants.” Deut, 12:22.
S_leor Borah is scheduled 10 come
to :hu'u T} 8L it he
ueupmq frigprsiaek an o
-wo:i;] coubt. rhds Gs nts revenge on
e VRN
arespleased fn‘”fl%\ that it will take
morg than a vidit to ' Augusta from
‘Sengjmr Boreh 4o ktep Georgia fiom
Bonang George back to the senate,
Senptor tarris is still fighting the
Tilsem -appointment. That's in good
taste ind wholly proper. 1t was traly
a \{olnllun of the gpirit of the con
atltéllon for the president to force
an autsider on the people of the mid
dle ?istri(-t after he found it impossi
ble to get senate confirmation.
C:tg::.lz iins of Towa says there will
lfl(e§ be no third term for Coolidge.
Sultflj us Mr, Cumming says the presi
denghm done right well save in his
altl&u‘t.ownrd the farmer, We say
that He hag been so afraid he would
assig'i the south, which is largely
agricultural, in some manner that lie
couldn't be fair to the farmers, =
iAstAtet i et A
Cropst in this sectibn are showing
fine headway — and the promise of
gre returng in the fall, Indeed
therg iy elready an income from thoe
meldu: and peaches that is heing felf.
Ouricotton crub is I‘('mul‘kzlh]y~fl‘\;"‘
from weevils if we (ake into aceount
that tliere have been too many rains
of lgtes Evervbody is watching the
wmvr!'flgm. There is great need of
L\ro"i:;i eAre to . save the cotton.
Wherover the weevil appears there is
num&ui work to save the erop. We
havel promie of a fine yield, Let us
savain
THEY ARE THE WRECKERS-—
LQOK AT THEM!
ASLUENGTON, Wy 14~ (AT)
—@ hurnied survey by TPederal
king officials: during tha past
few days has convineed Governor
Crjssi s, o ,__tvl"&;?;v'doral Reserve
Ve l‘tlin'nfll banks and
stfte paEpicdgembors of the Redor
alg{osmw Systom in Georgia and
l"l\fifl'flzi “are in “good shape”—
qu” i. diem, \
Hexp ‘lB a littlé news item that
mig!fi‘l\m'x gone out without a “hur
ried ;gigix‘\"';\'." And this same news
itom,&i‘fiighl have been true of all the
banl(i;_"-iu Georgin and many in %lor
ida that are now closed but tor the
fact "_flmt Federal Reserve big crim
inals have been for months ongineer
ing Bank wrecking buriness, Thore
isn’t=R criminal who sticks fire to a
hom;;:lin the night or shoots an inno
(:cxxt::j;};tizvn in the buck in the dark
any 3more a crimingl than the man
Wboi@i)l take advantage of a situa
tlon.‘giko that which has been used
to wruck or ¢lese so many banks of
late 0 Georgia wnd Morida.
Tli@fo is positive information that
nortfie}n and eastern banks have been
retufiig to accept checks, even cash
ier's-checks, on Georgin and Florida
ban‘fs quite a lJittle time. Secretary
Mellgj; doegn’'t know joday whether
this=ds s 0 or not, but that doesn't
change the fact that the Federal Re
serv@ has been doing its utmost of late
tn,sflgish everything in Florida, The
ordef has been all down the line from
Ihe “grbut banking houses in New
York to bloek the Florida businegs--
block it at any cost. That order
came cut of a center from which the
Ifederal Reserve system has been tak
ing its orders since the day Woodrow
Wilkon and his administration held
ythe federal system up as a means of
'prvhmtlng guch things as have oc
reurred of late in Florida and the
;houlh.
’ The frailroads wer2 ordered to
gmash the Dbuilding operationg In
Florida. "oy were given their orders
out of « center which owns as collat
erzl ¢ll tie raiiroad securities in thln‘
}mmnlry worth ‘while—in New York.
!'l'huur; high criminals were losing
aniilions of dollars to Florida and they
went out to check it, They first put
the railroads out in an embargo to
hide their criminal hands, They
started exactly what they expected to
start--a smash up of the great de
velopments in Florida, 1t wag done
to check the flow of moncy and husi
aess out of the north and the cast,
The federal reserve system has
been fighting a par clearancs system
with non-member banks in the south
and particularly in Georgia for a long
time, In spite of the Federal re-
Berye hig officials, who now operate
wholly under orderg from the old;
gang in ' Wall streei the Georgia chain
of banks Wwas rannilg on its own
bottom. Out of the Florida deposits
fhmnu':;‘ f%rv ,\np(\rut'innu 3 in. G(.eo:gin
wdre boihg '(:mu!lu'-.tbdmpm‘fi:clly legit
imate financing — by thig chain (an
banks. On the whole it was Ja surul
businezs.
Florida money was brougat to Geor
gin and let out to Georgin farmers
ang Georgia business in general, 1t
was ont under safe and cautious su
pervision—ig out now in that manner
and for the first time in the history
of this state the state bauking depart
‘ment today is out with a published
statement urging the public to keep
cool and move with caution till the
excitement can be cleared up, That
statement i 8 a most unusual proce
dure, It would not go out from the
state lumking department were it not
#O. Nearly every one of the banks
which™closed thelr doors this week in
Gieorgia ore perfm,-tl_v' solvent and have
Leen operating for two or three years
under extreme caution becanse of the
stress over which they have just
weathered, .
There wag not the least excuse for
their having to close. Business in
Ceorgia-——in every one of their com
munities-——is in better condition than
it is in New York and the east. Here
in Cordele at a l\'iwuni.}. luncheon on-
Iy yesterday--not a prearranged pro
gram to {it the circumstances, but a
program was arranged some days
ahead of ti» bank failure showing
that scverael buginess lines in this
community fave enjoyed definite,
marked gains over the same period
last year. 'That is the general comdi
tion in Ceorgia. PRAPTIREON,
Por ths Geoysin panks to bave bgen
for (-mi lu-(‘lo,-:é mnfi‘u most unnnt\finl
thing- something unlike bu»stnuss'f; is
accustomed to :fieeflng even in the
‘;mrdf»‘xt months, These banks which
clogsed“did soo because their clearing
house bank in Atlanta was made the
victim of a smashing drive by the
big easiern bankers with the thumb
serew on the Federal Reserve in this
state and Florida.'The orders were (o
et in the money, and when the money
fell due it had to be paid. There
was no such thing as negotiating and
rolending. No such thing as time,
The money out in Georgia farms for
the crops would have been back
within thirty or sixty days. Indeed
it was alveady coming in from water
meling, peaches and tobacco, 1
The way was wide open. There
could have been no such thing as (l!
!1;:“1'4«' in Georgia but for the '!‘lllli
on the Atlanta bank that was used hyi
tho systems to clear, That run is
the work of criminals who saw flmt;
pecessary to put over their dastardly
criminal business of putting the hun
dred or more independent banks in
CGeorgia out of business, They had
to work fast. To do that they pat
out “poison” all over this state. To
help make it a success, the New York
and eastern banks refused to cash
any sort of paper from these two
states, Georgla and Florida., It work
od. The run on the clearing house
ank for ‘the more than & hundred
iGeaigla banks was timed to hit and
break the bank, It was also timed to
paralyze the entire éystem. They had
to cloge their doors to prevent a
state-wide run, They will have to
stay closed as a best method of fight
ing the high criminals in New York
who are using the people's financial
institution, the federal reserve, to
destroy them. That period of closed
doors, we hope, will not be long, for
thig system of banks has been operat
ing independently of New York and
the federal reserve, and have been
operating on a cautious profram that
will enable them to apen thair doory
as soon as they have reached a pe
riod further in the harvesting season
when the farms of Georgia, whera
their money is now being uzed, can
return gome of it,
j Thére was not a shadow of excuse
Tfor this bank wrecking program. But
it i here and we have to face it, The
men who have been operating these
banks have more than made a su(:—}
cesg of the gystem, There ars (:rim-!
inal charges against at least one um-i
cial. But even that proves true, that
doesn’t destroy a whole system of
more than a hundred banks. To
ch:argé Mnnl;oy now with .lmving gone
headlong into wildeat Florida invest
ments may be ,(;'g(p;ec'tcd. That's the
p(fison‘ used to 'l»rq:.nk the clearing
honse bank in Atluhtu. We do not
want to believe ;n'hwnrd of it—that
Manley has used the funds of this
s;plcmrlm Georgia chain in his own
private speculationg in lorida—and
lost, He may have his own private
funds wrapped up in something in
Florida, but he is not alone in that,
e N o '.";.":.;»'}; Ef\: I}l iRy : " ‘.:2: ; o
e o Gon A B TS RS
R 3 ety ¢ R BN B o
! SR s » 2 s > . P B
1 R 3}‘ .w \ £,. i ":“3’. " .-.: J
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—no other tobacco is like it!
Q 1926, R. J. Reynolds Tobacco
Campany, Wissteaege.em, N, C.
'CH
TR DISPAT
A 1 CORDELE ¥
The chances’ ave that hig anaocfutos'
in the banking ‘house clhcin will be
able—abundantly able—to clear him:
of any use of the legal funds of the
banks for his own _prlvute invest
ments, That's the poison used by
the big tellows to destroy him, They
had to use it at the lowest ebb——dull‘;
summer-—and then they had to show
their own erimingl hands in a dozen
places hefore they could do that.
What a shame that this country has
a government that will for a moment
permit its own financial institution
to he used in such manner.
I'or at least four years big busi
ness in this cofintry has had no con
geience, The largest criminals are
at the head of the banking systems
of the eastern cities, They are more
pewerful than the government itgelf,
Andrew Mellon, socretary of the treas
ury, is the boss of all big business in
this country, bankers, federal reserve
and all. His orders are law. Big
{ ATLANTA’S BEST KNOWN
: HOTEL
: 400 ROOMS OF SOLID
COMFORT
: THE HOME OF GEORGIA
E PEOPLE
: BOOMS, RUNNING WATER
: 81.00 TO $2.00
ROOMS WITH BATH
: $1.50 TO $5.00
; FRE® GARAGE SERVICE
- Ed Jacobs and ILige
i Maynard, Props.
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o TR g
PROVE it, for instance, with a home
rolled cigarette. Get yourself a tidy red
tin or a toppy red bag of Prince Albert
and make a cigarette today. There’s plea
sure even in roiling it. The tobacco is
crimp-cut and doesn’t dance out of the
paper. Saves time, temper, tobacco.
That’s a detail, of course. But just
put one of these cigarettes between your
lips and light it. Man, oh, man—what
a wonderful taste! Cool and refreshing.
Sweet and fragrant. Mellow and mild,
but with a body that satisfies all the way
down. You’'ll say so,
bushucss controls. With this man in
chargs w schedule of conscienceless
grab ang greed has bheen maintained
with the bankers in the center of the
spoils taking everything that could be
wrung from other sections, That is
going on today.,’ It will continue till
the people of this country at the bal
lot box turn out the eriminals and set
up a clean government at Washing
ton,
Today Georgians are suffering as
they have never hefore suffered in
their hanking business, There isn't
anything like this in our history, It
came upon us not out of general
business conditions, but out of a
criminally-directed order out of New
York banking centers in Wall Street.
The federal reserve system which
T
. T
WHERE ' @afl
SERVICE 7"
TS A WORKING S
STANDARD i
CALL US FOR YOULR
NEXT ELECTRICAL
JOB '
Acme Electric Shop
C. V. ARNOLD, JR.
Sooner you get going with some P. A.
and the makin’s papers, the sooner you’ll
know what a grand and glorious tobacco
Prince Albert is for cigarettes, There’s
a P. A.-sunshine shop ot far from here
where they hand out Pleasure Always in
tidy red tins and toppy rcd bags.
Incidentally, if you smoke a pipe, try
a load of Prince Albeit this way. P. A.
will make your old jimmy-pipe yield
more downright smcke-pleasure than you
ever thought possible. It will for a fact.
The tobacco’s the thing . . . how you
smoke it is opticual,
‘was founded to take care of all crises
in the fiancial worlg is on top of
the wrecks today boasting about what
sort of a fine condition a “hurried
survey” finds them-—the federal re
serve banks —in after the crash
comes. They are the wreckers—lcok
at them!
WEEK I 3 CLIPPED OFF -
GLOBE CIRCLING TIME
NEW YORK, July 14.(P)—More
$4.50
X \
CORDELE
TO :
+ N
JACKSONVILLE
AND RETURN
Each Sunday May 30th-Sept. sth T
LV. CORDELE .......coommmmmieppitioosees 1128 A M- 8127 A- M.
AR. JACKSONVILLE .o 7:50 A M. 11118 A M,
Tickets limited to reach Cordele returning
early Monday morning following
"For information apply to D. L. Henderson, ' "
: ’ Jr., Ticket Agent -
Cordele, Ga. * (W& B
Southern Railway System
P. A. is sold everywhere in tidy red
I o L
m'zive; byy the Prince Al'l:cnp processe
R,
f't“ ‘
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|G
THURSDAY, JULY 15, 1926
than a week was cut from the time
in which one can circlé the parth
when Edward S. Evans and Linton
C. Wells arived at the Pulitzer build
ing at 4 p. m. today, They left on
their world-girdling ¥ace agalnst
time at 1.30 a. m., July 16, making
their elapsed time 28 days and 1 1-2
hours. The previous record of 36
days, 21 hours and 35 minutes was
made in 1913. by John Henry Mears.