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nt Store Opens Saturday Dec., 16 th ■
1 will open a 5 and 10 ceit store Saturday in the Dr. Crows building next door to M. E. Cox’s store. 1 took great
pains in selecting the # oods] my line consists of end my toys are wonderful. My store will look like a to^Iand. I invite
the public to trade with me and save money, 1 will appreciate your trade,
• My Store Is Headquarters For Santa Claus. Come With Santa Claus To My More. * %
It is my aim to keap a complete line of Toys and any time you need anything in my line I will be more than glad 1 o sel
you , And when in Camesvilie make my store your headquarters and when i can serve you call on me.
5C., c St# c*, And 31.00 Christmas Gifts
Save the difference at the popular price store. Get the benefit of the first selection, A few suggestions from
our Holiday Line. Toys, novelties, neckwear, hosiery, stationery, handkerchiefs, jewelry, china glass, ribbons, etc,
\ % t 1) Cent Store
& Georgia.
BRYAN AGAINST
OWNERSHIP BY
THE GOVERNMENT
Gives Newiands Comities His
Views on Railroad Control.
COMPETITION PREFERABLE,
Federal Regulation Should Not Be Al¬
lowed to Exclude Exercise of Stat9
Authority, He Contends—Thinks Rail¬
road Stocks Should Represent Actual
Value and Be Stable as Government
Bonds.
Washington, Dec. 11. — William J.
Bryan, who startled the country ten
years ago by advocating government
ownership of railroads, appeared be¬
fore the Newiands Joint Committee on
Interstate Commesee last week in sup¬
port of the claim that the states should
be allowed to retain authority over the
regulation of all transportation lines
within their borders. Mr. Bryan ex¬
plained that he had long regarded gov¬
ernment ownership as inevitable, hut
only because of railroad opposition to
effective regulation.
Against Government Ownership. ,
“Personally 1 cannot say that I de¬
sire government ownership,” he ex¬
plained, “because I lean to the indi¬
vidual idea rather than to the collec¬
tive idea; that is. I believe that gov¬
ernment ownership is desirable only
where competition is impossible.”
Alfred P. Thom, counsel to the Bail¬
way Executives’ Advisory Committee,
previously had presented before the
members of the Newiands Committee
as one of his reasons for urging a bet¬
ter balanced and more systematic reg¬
ulation of railroads tha argument that
this Is the only alternative to govern¬
ment ownership. Calling attention to
the restrictions imposed upon the
transportation lines by conflicting state
laws and regulations, to the practical
cessation of new construction and to the
Jmpossibllitv under existing conditions
of securing the new capital needed for
extensions and betterments of railway
facilities, he warned the Congressmen
that unless they provided a fair and
able system flf regulation. Ihf.t
would enable the railroads id meet the
growing needs of the country’s busi¬
ness the national government would
be compelled to take over the owner-
ship of the lines with all the evils at-
tendant upon such a system.
Preservation of Competition.
Mr. Bryan, on the other baud, bolds
that the further extension of federal
authority over the railroads would be
a step in the direction of government
ownership. He advanced the view that
the centralization of control in the
hands of the national government
would impose too great a burden upon
the regulating body, would offer strong
temptation to railroads to interfere in
polities and would encourage the gen-
eral movement toward centralization
of power in the federal government at
the expense of the states. He said that
he did not object to consolidations of
railroad lines so long as they did not
destroy competition, that he knew of
no complaint against great railway
systems because of their size and that
he believed that ihe preservation of
competition was the test to be applied
to all consolidations.
Regulation of Securities.
Mr. Bryan declared himself in favor
of national regulation of railway stock
and bond issues, but added that he saw
no reason why that should exclude the
states from acting on the same sub¬
ject ns to state corporations. “I would
like to see the stock of a railroad, as
long ns it Is in private hands, made ns
substantial and as unvarying as the
value of a government bond,” he as¬
serted.
He suggested that railroad capitali¬
zation be readjusted to equalize It with
actual valuation of the property rep¬
resented, making due allowance for
equities, and that when this was done
the roads should be allowed to earn
sufficient Income to keep their stock
at par and to create a surplus. The
latter, he tentatively proposed, might
be allowed to amount to 25 per cent
of the capital.
Railway Earnings Low.
Tills subject of railroad capitalization
and the amount of railroad earnings
received further attention from the
committee during its recent sessions.
answer to questions by Senator
Cummins, Mr. Thom submitted figures
showing the net earnings of the roads
in recent years. These figures show
that during the five years from 100.
to 1010 the average net earnings ue, ■
5.25 per cent of the net eapitalizath a.
while the for the five years was only from 4.50 1))10 per to
1915 average
cent. The total earnings on the stock-
computed by adding to the net ope;
ating income the income from the s ■
curities owned, and, denting. bond i;:
Administrator Sale
By virtue of an order paSssed
by the Court of Ordinary at the
regular December term 1916, will
be sold at public ourcrv on ‘first
Tuesday in January 1917, at the
house door , ." said . . county, .
court in
between the the legal hours of
sale, l he following described
property, sad property soici as
property 1 of Susie Lister Payne,
and Marie E. (Payne) Anglin, by
the undersigned as their guardian
Terms of sale one third cash J
third Novemoer 1st , 1917;
one
thir( , Novembei 1st 1918, ’ ill
tcrest on deferred payments at
eight per ' cent fron date of silo.
■
One undivided ..... one , half ,, interest.
in all that tract or parcel of land
m the 812 dish let G. M. S;l d state
and c un v, commencing on a
pine knit, thence t) west course
to SI rock corner, thence south ton
lime knot, th mea west to a rock
corner, thenca e.-ist to a red oak
1 hence N. E. to a liickorv, thence
to a pine, thence S. E. to pine
and 1): ginning corner, containing
One bundl’d acres, more or less,
and the lot that contains the
Stanford Bayne old hone houses.
This Dec., 4th 1916.
Mrs. S. L. (Favne) Amrlin.
Guardian of S. E, Payne and
Marie (Pavne) Anglin.
tercst, were for 1910, 7.09 "per cent;
for 1911, 0.17 per cent.; for 1912, 4.97
per cent: for 1912, 5.94 per cent; for
1914, 4.00 per cent; for 1915, 3.44 per
cent, thus showing an almost contin¬
uous decrease throughout this six year
period. It was announced that Hal¬
ford Ericksoh. formerly chairman of
the Wisconsin Railroad Commission,
would submit more complete informa¬
tion on this subject to the Committee
at a later date,
G-eorgU Franklin County:
By virtue of an order or the
court of Ordinary, granted at tne
December term 1916 of sa d c air
will be sold at public outcry to
the highest a and nest ‘ bidder ’ on
the first Tuesday in January 1917
l, P on the premises to be sold
the City of Livonia, said countv
and state within the legal hours
ot sale the J following described
p-operty to wit:
Ail that tract or parcel of land
lying tuid being in said state and
county aforesaid, and in the City
ot Lavonia, ^nown as lot number
three in block “B” of the‘-Roberts
survey” „ made , , by Dave _ Conger „
1#08) , MkcoBn as , &st Em ,„
brotuyig on the , east side of „ Gro „
gan street sixty teet and extend-
ing back one hundred and seven
tv feet to east avenue.
Bounded on the west by lands
otMrs. W,A. Mason, on the north
by Grogan street, on the east by
lot number two and on so mil by
east avenue.
This lot hii33itu.it.iJ thjra -n a
good modern, seven room dwell
ins house, and is situated in
best residence section ot the
Sold as the property of J.
Macomson, late of said
d<ceased.
Upon petition or the undersign-
ed, the Urdinary hasgrantad an-
order, duly entered upon the min
ules of said court, directing thai
said property be sold upon the
premises to be sold, as ^provided
b} ? law. Terms of sale cash.
\V. S. Macomson.
As administrator of J. F. Maeoin
on deceased.
Something Wrong
F you’ve lost your rest for Christmas,
Lost your love for all its cheer;
If you scoff at. gifts and giving
As the Christmas time draws near,
If you frown at all the clatter
When old Santa trims his tree,
Tell me, please, what is the matter!
Something’s wrong, it seems to me!
If the stocking by the hearthstone
Wakes no memory in yonr breast,
If the coming of old Santa
After all have gone to rest
Does not rouse your heart to action,
Hake it beat and throb and kick,
Answer for my satisfaction,
Are you sure yon are not sick!
If you can’t feel joy at Christmas,
Joy of life and joy of song;
If you can’t rejoice in giving,
Whether it be right or wrong;
If the Yule log’s invitation
To your heart no cheer can give,
Let me ask how in creation
Is it worth your while to live!
—Lurana Sheldon in New York Times.
-Till“/W
Money to Lonn
Private funds in any amount
from $ .00,00 up on reales-
tate. Money in bank
Robert T Camp