Newspaper Page Text
/ >
THE CARROLL FREE PRESS. CARR OLLTON, CARROLL COUNTY. GA.
THURSDAY. NOV. 1,
There are three things that must necessarily enter
into the life of the average girl—a doll baby—a man
and a silver or gold mesh bag. She can satisfy her
longing here. Our tableware and jewels for per
sonal use are of real intrinsic worth and beauty.
HORTON’S
LOVVORN’S SHOE SHOP
SATISFACTORY REPAIRING
If you want QUALITY WORK we
have it. We are prepared to give spe
cial attention to stitchdown soles, such as
the Billikens or Scuffer soles. Give us
a trial.
M. W. Lovvorn, Prop.
SMITH & CADLE’S STCRE
Never before have the ladies of this section had
such an opportunity to buy the season’s newest cre
ations in Millinery as they will have on
Friday, Saturday, and
Monday
Every hat in our large stock will be included in
this SPECIAL THREE DAY SALE—nothing is re
served—a special prise has been placed on every
item that will move it.
Especially do we call your attention to our hats
priced at—
$2.95, $3.95, $4.95, $5.95
Among these you will find the small, snug hat
for chilly days and the droopy models for dressy
wear. Colorful motifs, feathers, tulle and ribbons
' 1 their charm in trimming.
Gauntlett Gloves Reduced
Our entire stock of Chamoisetts Gauntlett Gloves
in all colors, which have sold at $2.75
will be on sale for three days at
$2.25
Middlebrooks Exclusive Millinery
“We Sell For Cash”
FARMER-BANKER CONFERENCES
THROUGHOUT NATION DEVELOP
WAYS TO AID AGRICULTURE
Collective Marketing, Diversified Farming, Promotion of
Agricultural Education and Use of Bank Instead of
Mercantile Credits Chief Lines of Suggested Action.
By D. H. OTIS,
Director, Agricultural Commission, American Bankers Association.
Four lines of action to Improve the business ot farming
stand out in the discussions that have occurred at a series
of farmer-banker conferences now being held throughout
the United States. They are collective marketing, di
versified fanning, the promotion of agricultural education
and the use of the more economical bank credit rather
than mercantile credit. At many points active steps to
foster action along these lines have been taken.
The conferences were Initiated by the Agricultural
Commission of the American Bankers Association to the
end that the condition of the man on the farm be improved.
Tho first conference was held In conjunction with the Wis
consin College of Agriculture at Madison. An important
D. H. Otis
point of contact for the work ot the Commission was established at this
meeting in the form of co-operation with the agricultural colleges.
In five other states—California,
Washington, Oregon, Idaho, and Utah
—It was agreed at subsequent confer
ences that bankers' agricultural com
mittees would meet at the state agri
cultural colleges and, in co-operation
with the college officials, work out a
program that they would recommend
to the banks.
The Texae Plan
It was at the Texas conference that
It was developed that the officials of
both the bankers' association and of
the state college felt the big problem
for that state waB the establishment
of a system of collective, orderly mar
keting. In order to bring this prob
lem effectively before the farmers and
the bankers It was agreed to hold a
banker-fanner meeting In December.
EUTorts will be made to get from 200
to 280 bankers to attend, each banker
to bring with him several representa
tive fanners of his community. The
program and demonstration win em
phasise the need of meeting the mar
keting problem and point ways to a
satisfactory solution.
At Athens, Georgia, tho conference
recommended that the State Bankers
Association take steps to raise a fund
for assisting deserving students to
complete a college course in agri
culture or home economics. This
conference, recognizing the valuable
work being done by county agricul
tural and home demonstration agents,
also went on record as favoring the
employment of agents In each county.
At the Raleigh, North Carolina, con
ference the pressing problem. In addi
tion to loans for worthy students, was
held to be encouragement of the farm
er to practice greater crop diversifica
tion. The conferees felt that the first
hlg step was to get farmers at least
to produce sufflclent^vegetables, fruit,
milk, meat and poultry t« live on,
Many farmers, it was brought out, now
depend entirely on the cotton crop,
and buy the products named for their
own tables.
More Economical Credit
At the conference at Ithaca, N. Y.,
those participating felt that a better
understanding between farmers and
bankers would be beneficial to both.
At present a large amount of the cred
it used by farmers Is In the form of
mercantile credit, which, It was point
ed out, is much more expensive for
them than bank credit It was felt that
a campaign of education Is needed to
acquaint farmers with banking facili
ties. The conference, therefore, rec
ommended that the Agricultural Com
mittee of the State Bankers Associa
tion, the agricultural college and rep
resentatives of the Farm Bureau and
the State Grange get together Cor the
purpose ot working out programs end
plans fur further meetings te he held
la the varleus counties et the state.
At a conference held at Amherst,
Massachusetts, there were representa
tives from Vermont, New Hampshire,
Massachusetts, Rhode Island and Con
necticut. Emphasis was placed on the
importance of the Boys' and Girls’
Club work. The New England confer
ence also felt that the Importance of
bank credit over mercantile credit
should be stressed. A resolution was
adopted and is being sent to agricul
tural committees in each State urging
that they get In touch with their agrl-
culural colleges and map out a pro
gram for educating the farmer In re
gard to the Importance and the econo
my ot bank credit over mercantile
credit
The emphasis on this resolution
came not so much- from the hankers
present as It did from the representa
tives ef the agricultural colleges and
the farmers.
DOLL
FREE
This Beautiful Curly-Haired, Sleeping,
Bisc Head, Jointed Doll FREE.
Has jointed neck, jointed shoulders, jointed elbows,
jointed hips, jointed knees, jointed wrist, curly mo
hair wig, hair pasted on side, movable eyes, blonde
or brunette, dressed in white lace ribbon-trimmed
slip, shoes and stockings, 2 feet high, one in a box.
To the little girl who will send or bring seven new
or renewal subscriptions at a dollar a year each, we
will give ABSOLUTELY FREE one of the above
beautiful dolls. Send or bring seven dollars and
seven yearly subscriptions and receive a nice doll for
Christmas.
THE CARROLL FREE PRESS
CARROLLTON, GA.
NO BOON IN
CHEAP MONEY
One thing that has to be given up
Is the idea that cheap money Is al
ways good for business. Farmers
want cheap money, business men
want cheap money, stock speculators
want cheap money, the U. S. Treasury
wants to float government loans on
cheap money, socialists, anarchltsts
and old-line greenbackers want very,
very cheap money. Everybody feels
that when the money rate Is shoved
up It is an arbitrary damper on pros
perity.
But we cannot have both a low rate
on money and a stable level ot prices.
We can have one or the other—not
both together for any length of time.
A low rate ot money means an In
flated price level. A stable price
level means a fluctuating rate of dis
count That is, the public must learn
to look at the price level Instead of
the bank reserves, as their measure
of expectation for a rise or fall ot the
value of money.
Now this fact makes me feel that a
mistake Is made if we do not fully ex
plain to the public the power already
exercised by the bank rate and the
Federal Reserve Board and Reserve
banks. Our bankers and economists
see the bad use that is likely to be
made of political control of banking
and currency and they try to make the
people believe that so Intricate a ques
tion must be left to experts.
As a matter of fact our present
methods encourage the very thing we
wish to avoid. We let everybody be
lieve that low rates on money are nec
essary for prosperity and then when
bank reserves run lew on account of
the effects of this belief,, we are sud
denly compelled to jumpjth^ rates to
protect tho reserves?!/.II e«t both a
cycle of prices ad<£TrWM* of bask
rates, wkereas, If tflVhubUc under
stood tkat the rlsfc "If bank rates
should not wait until tank reserves
are low, but the rates should bo ad
vanced several months ahead for the
very purpose of preventing a fictitious
prosperity with Its Inflated price level,
then the public might be satisfied to
support the administrative regulations
which raise the rates at a time when
there seems to be no need of doing
lL—John k. Commons, University of
Wisconsin.
Honors for Club Members
The annual convention. Wifi' msln
Bankers Association, presented diplo
mas to fifteen hoys and five girls
successfully completing four years
club work, the' first time any state
bankers association has taken such
THE GREAT SCOURGE
OF HALF TRUTHS
By JOHN OAKWOOD
A soap-boxer pointed at a great
factory. "Who built that factory?
Workmen I" he yelled. “Who run the
machines? Workmen! Who get the
profits? Capitalists!”
• * •
The soap-boxer told a half truth
that amounted to a whole lie. His
listeners did not know that that par
ticular factory, typical of thousands
•f ethers, was a complete refutation
ot the lie—If only the other halt ef
the truth were told.
• • •
It Is true the factory was Capital
ized—for a million dollars. The net
profits gave annual dividends ot 6
per cent, er $60,000, to the stockhold
ers. All that was true.
* * «
But it was also true that the mil
Hon dollar capital was divided up
Into ten thousand shares ot $100
each. The ownership of these shares
was distributed among about one
thousand people. Several hundred of
them were workmen In the factory.
They were saving out of their weekly
wages and buying shares on the in
stalment plan. They were Capitalists.
• * •
It was likewise true that shares
were also owned by workmen In other
factories, by clerical workers and by
small merchants. A good many were
also owned by widows and orphans
whose modest estates had been wise
ly Invested for them by their bank
ers. They were Capitalists.
• • •
It was also true that the factory
corporation bad Issued a million dol
lars la bsads to raise funds to hay
the material aad pay the wages of
workmen te build the factory. These
bonds were owned as investments net
only by persons of wealth but also by
many people of moderate means who
had saved out of their wages and sal
aries. They were Capitalists.
• • «
And it was also true that out of the
receipts of the factory, before a cent
was taken to pay interest on the
bonds, before a penny was used to
pay dividends on the stock, a good
many dollars were taken to pay
wages to the workmen.
• • «
The workmen were Capitalists too.
They were Investing their strength
and their talents and their skill In the
factory—they were getting their dlvl
dends eut ef Its earnings as well as
the stockholders and bondholders.
WRITE YOUR STUDIES IN INK
Y OU will then need a
Conklin—for with a
Conklin you will write un
conscious of your pen,
without scratching or blot
ting—without any of the
interruptions of thought
common to pencils or steel
pens. A Conklin lasts a
lifetime.
Price $2.50 and up.
A slight pressure of the
finger and the pen is filled
ready to write the instant
the pen touches the paper.
Conklin.
Hortons Book Store
fie Bundles Tight
Tie bundles tight for the laundry man. It saves
the laundry man time and trouble and is so much
more convenient. See how well the package below
was tied.
Tie yours the same way. Send it to the laundry.
We wash ’em all.
Mandeville Mills Laundry
“Send It To The Laundry”
TELPHONE NO. 577—THE WAGON WILL COME
*4