Newspaper Page Text
PAGE EIGHT
WORLD TO CALL
ON UNCLE SAM
FOR FINANCING
NEW YORK, Nov. 3.—Work dur
ing the past month has carried the
process of ratification of the treaty
of peace further toward practical
completion abroad, while the United
States still refrains from expressing
itself definitely one way or the oth
er. The progress that has been made
enables foreign countries to begin
the task of settling down upon a
peace basis and of determining what
they must do in the way of taxation
and borrowing in order to re-estab
lish themselves. In the course of this
process very considerable demands
are likely to be brought to bear upon
the United Spates and much of the fi
nancing of the next few months will
inevitably be connected with the
problem of exports and the making
of provision for the needs of foreign
countries. r
Demasd and Supply of Funds.
The closing of the Atlantic City
Trade Conference on Saturday, Oc
tober 25, makes possible an estimate
of the results accomplished there
with respect to financial negotia
tions. It is evident that foreign
countries want practically all the as
sistance they can possibly obtain in
the American market and that very
moderate computations of this as
sistance would place the figure well
toward two billion dollars in the im- i
NOW ABLE TO DO
HER HOUSEWORK
Mrs. Hembv Says Planter’s Bene
dicta Is A Wonderful
Medicine.
Mrs, Hemhy, of Laurel Hill, Fla.,j
who had been a sufferer from female i
troubles for many months, tells in a
letter to The Planter Medicine Com-,
pany of the wonderful way in which
Planter s Benedicta has relived her I
differing and restorari her health.
_ Mrs. Hemby says: “I had been
sick for months with female trou-1
bles. I was sd weak and nervous that
I could hardly hold out to do my I
housework. Now I am strong and
able to do all my work, and Benedicta
did it.”
Aside from being a wonderful reg
ulator, Benedicta is the greatest ton
ic for wea| and nervous women. It
builds up the system and brings back
health and strength.
Planter’s Benedicta is a purely
vegetable medicine, being made of
herbs and barks that are admitted by
all physicians to possess wonderful
medicinal properties.
ft is neither injurious nor habit
forming.
Benedicta is sold and recommend
ed by Howell’s Pharmacy, and Plant
ers Drug and Seed Co.
Special Values
For Monday, Tuesday and Wednesday
SPECIAL NO. 1. | SPECIAL NO. 4.
A group of Dresses, made of Serges and > A Satin value that others say is worth $3.00
SOk. and .-e value, beyond compare. | Yd - “ d »' l,unk ’»• l »°- shad “-
Special at $25.00 | Special at $1.98 Yd.
coZZ/y, ™ , =~~ SPECIAL No. 5
Si tCI.AL INO. Z. ■ Fitje All-Wool French Serges in best
A group of Coat Suits that easily eclipse ( shades, and We “speck” if others had ’em
c they’d say $3.00 Yd., but we say
any Suit value in the city. j o • 1 ► C“> Oft J
Special at $39.75 j Special at $2.39 Yd.
— I SPECIAL NO. 6.
CprCJAI WA 7 i All Woo! Storm Series. Several shades.
Os ILVI/A’ , J..?. I The price at other places is $2.50 Yd., but
A group of fine Coats put up at a price that we say
defies others to match. Special at §1.48 Yd.
Special at $35.00 SPECIAL NO. 7.
Big lot of 36-In. French and Storm Serge to,
If you miss your share of the three specials ?o at Now look
above—you’ll -egret it. Special at S Ll 9
■» "NT Lot Wool 36-In Armures and Serges.
O{J€sCl Si 1 11 O. O Special at 75c and 98c Yd
REGRETS < WT O I I"* X7 9 /"I REGRETS
ARE POOR j | J ‘ Y FOLLOW LOSS
PROPERTY 11 kJ JL-* J. lb “TOO LATE”
COME EARLY. MEANS LOSS
SELLS THE BEST.
When Your Clothes Need To Be Pressed or Cleaned Just Phone 749. The O. K. Pressing Shoo. Charlie Pavne. Mot.
mediate future. Meanwhile congress
has practically reached the point of
passing the Edge bill which provides
for the creation of new enterprises,
supervised by the Federal Reserve
I Board, whose function it will be to
I take the obligations of foreign con
i corns guaranteed by the governments
I under which such concerns are oper
' ating, and use them as collateral for
their own obligations to be sold to
citizens of the United States in order
to facilitate exports which cannot
be paid for at the present time by
: those who receive them abroad. It
; would seem now as if a number of
i these corporations would be organ
! ized and it may be that much of the
borrowings asked for by foreign
countries may take the form of ad
vances to be made to those “Edge
bill corporations.’’ This may be a
convenient way of handling the fi
nancing rather than through straight
government loans on this market.
However, it may be disposed of, the
chances now favor large issues of
foreign securities here in one form
or another and serious drafts upon
our resources available for home use.
while a new type of securities is of
fered in considerable quantities to i
! our investors.
Investors’ Earnings.
Meanwhile, investors are obtain
ing very large rates of earnings upon I
the new securities which are issued
by home concerns. Both stock and ,
bonds are being placed upon the do- ■
mestic market in great volumes and
as money loses its purchasing pow-.
er, the rate of interest which must be ■
paid in order to induce owners to
forego present use in favor of fu
ture, has to be correspondingly rais
ed. The rates for both call and time
funds during the past week have
shown a stronger tendency, and long
term borrowing is now being con-1
ducted upon a basis of high return.
The fact that the new British loan
pays 6 1-4 per cent, with an addi-1
tional exchange profit to be marie
from possible conversion, is in itself
symptomatic of the whole situation.
Not only foreign securities but bor-j
rowings in behalf of domestic enter
prise are likely to be called upon for
very much greater payments in the
form of interest and than
heretofore, and those which are un
able to make them will find Sfiem
selves left behind in the effort to
get new capital.
Speculation Rampant.
In the meantime, moreover, specu
lation has become rampant and the
speculative spirit is spreading rap
idly throughout the country. This fe
not merely true of operations in se
curities and on the exchanges, but is
also true of dealings in lands, goods'
and values of all descriptions. The
stock market became at times more
or less feverish during the past week,
with successive advances being re
corded in many stocks. If these ad
vances in all cases corresponded to
earning power, the situation would
not necessarily be serious, but it
must be considered that the mainte
nance of such values cannot be per
manent and that it is likely to be' ter
minated when conditions may be
come such as to give a sufficiently
severe shock to the superstructure ■
of credit that has been built up. !
Meantime, operations on the ex- 1
changes need to be conducted with
' great caution, not only because of
i the fact that the situation is now
[ overstrained and likely to suffer a
setback at any moment but because
of the money condition. These
money conditions include not only
the presence of high call loan rates
I but apparently a decreasing volume
of funds available for the support of
operations in securities. The supply
: of loan funds usually received from
the interior has, it would seem, been
i less in volume than usual due to the
' local demands of funds to be used
1 in carrying stock of commodities.
■ This makes a market situation which
calls for special caution.
Industrial Conditions Discouraging.
While the strong stand of the
President and his administration in
regard to industrial conditions has
reassured operators, it remains to be
seen how far it will be possible to
bridge over the present situation
without a serious check to industrial
output and without much suffering
on the part o fthe community. The
general sentiment of the country is
evidently behind the administration
in its coal mine policy, yet the ap
plication of that policy in full would
not be altogether easy
ous strike should actually be at
tempted by a large body of miners.
Suspension of mining, even in part,
wrnild, as pointed out by the Presi
dent in his striking statement of
October 25, result in the incidental
suspension of many industrial enter
prises with consequent losses which
could not help affecting the value of
the shares of such concerns. Mean
while, the steel strike and other la
bor disturbances are drawing to a
close, and the outcome, coupled with
the lack of any support in public
opinion, has been discouraging to
those who contemplate the calling of
new strikes of the same general
variety. There remains the fact that
a period of industrial disturbance
and unrest is before the country,
and that great caution in the pur
chase and holding of industrial se
curities is necessary.
Inflation Continues.
Active inflation of our banking
system continues to be the note
worthy feature of the time. Al
though there was a temporary im
provement in the reserve percentage
of the Federal Reserve system a
week ago, ft was evidently the re
sult of fortuitous conditions, the
steady movement of funds being
downward and out of the system.
This again intensifies the specula
tive situation because the margin be
tween the legal required reserve of
Reserve Banks and the actual gold
holdings is now becoming narrow.
It is not strange in these circum
stances that call money should have
reached a higher level, and that it
should react toward that level when
ever there is any excessive demand j
for funds for the carrying of shares
or other speculative commitments. |
This has been the experience
throughout the past month, as the
figures clearly show, and today the
AMERICUS TIMES-RECORDER.
prospect is for an even more active j
process of restraining undue specul
tion of high rates than has been ob
servable in the past.
( iN THE MOVIES
MRS. CHARLIE CHAPLIN.
Some notable pictures will be I
shown at the Opera House this week. ■
Mildred Harris (Mrs. Charlie Chap- j
lin) will be seen for the first time I
in Americus in that magnificent pro
duction “Home” which comes to the
Opera House for one night only
Wednesday, Nov. 5. Thursday, Nov.
6, matinee and night will be shown ’
that magnificent picture “Thel
Hearts of the World” a return date.i
, On Friday will be shown for one i
night only Mrs. Charlie Chaplin in !
“Forbidden.”
_____ - ..
“NUGGET NELL” DELIGHTFUL I
Dorothy Gish invariably is delight
ful in any screen characterization J
but in “Nugget Nell,” her latest |
Paramount picture which is being
shown at the Alcazar theatre today,
she is irresistable. This is a humor
ous travesty upon the wild and movie
West which all alike will enjoy for
its kindly satirical qualities. Miss i
Gish has a role which she handles I
with all the chic that won her fame ,
in previous screen productions. She
is well supported by capable players
and in every respect “Nugget Nell"
is vastly enjoyable.
MAKES OUR VICTORY REAL.
“Hearts of the World,” the pro
duction that is conceded to be D. W.
Griffith’s masterpiece, surpasses both
his “Intolerance*’ and “The Birth of
a Nation,” wilL be the attraction at
the Opera House fur a return engage-
* X. ZZZfZ
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the Man
'One!
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**-• ' ‘ . ’•
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THE Red Cross banner carries the glory of Americanism
to the far corners of the earth. Its Unselfish Service
has won the undying gratitude of humanity. < ;
And now, to be to America in Peace what it has been
V J
to the World in War, is its sacred Duty—and Yours.
, - .i ;
' - ’ ' 5. •’ ' i
" ■ J \ .~. i ■
Z > EVERY AMERICAN
t i ’
" - i Must Answer to the v ’
THIRD RED CROSS ROLL\CALL
November 2 to 11, 1919 k
This space contributed by |
HERBERT HAWKINS GORDON HOWELL
Fire, Life and Accident Insurance, Surety Bonds, Office* Planters Bank CITY AND FARM
Building, and Allison Building. I
ment next Thursday matinee and I
night.
The fact that Mr. Griffith spent ;
eighteen months in France would
seem to indicate that “Hearts of the i
World” is a war play. To the con-1
trary, and on the authority of Mr. •
Griffith himself, it is not about the;
war, but about the peoplp to whom |
the War came—and for this reason I
it makes our recent victory real. I
Many war films have been devoted I
so exclusively to photographs of I
fighting that, for all they have re-1
vealed, the war might be limited to I
the scenes recorded by the camera, i
Others have so insulted intelligence
and pure patriotism with theatrical
rubbish, tacked-on melodrama, clum
sy studio fakes and other devices that
many persons are inclined to believe
the producers guilty of burlesque
ing the rece: t war, were such'a thing
thinkable. Mr. Griffith has proved >
by his “Birth of a Nation” and other
master works that he is a man who
does big things in a big way; one
who stops at nothing, however seem
ingly insurmountable, in his honest
efforts to faithfully reproduce a giv
en condition. Hence the very fact
that Mr. Griffith’s name and reputa
tion are back of “Hearts of the
World” is an assurance that local
theatre patrons are to be treated to
something as real as it is colossal.
TOO LATE TO
CLASSIFY
WANTED—Young lady to work
in office, answer phone and do
clerical work; prefer one who can
use typewriter. Answer L. A. H.,
care Times-Recorder.—3-lt t
FOR SALE—Second-hand gas stove
in good condition, cheap. 505 W.
Church street.—3-lt
Mere Mention
j About Town:
WEDDING GIFTS—Nice selec
ticn—BELL, the Jeweler.
Chas. H. Wheatley, son of Mr. and
Mrs. Crawford heatley, and Will
Dodson, son of Mr and Mrs. W. A
Dodson, University of Georgia stu
dents, spent Sunday at home here,
after accompanying the Red and
Black football team to Columbus
Saturday.
Attorney Hollis Fort was in Lees-;
burg today on legal business.
Judge J. A. Hixon was an Ella- j
ville visitor today.
J. T. Warren, of the Americus I
Coca Cola Bottling company, was in i
Albany today attending a meeting of
bottlers of this section, called for
the purpose of discussing the sugar
shortage, which has hit them very
hard. He will reurn home tonight,
and expects to leave Tuesday night
for Chicago to attend the National
Beverage Exposition and Bottlers
convention.
Mayor Sheppard attended Superior
Court in Leesburg today.
H. B. Shipp, of Augusta, spent
the week-end with his father, J. E.
D. Shipp, at his home near the city.
Dr. H. A. Smith is out again af
ter a recent illness at his home on
Lee street.
Mr. and Mrs. Frank Lanier and
Mr. and Mrs. Frank Harrold will
leave tomorrow for a motor trip to
West Point, Atlanta and Athens.
Monday, November’
OPERA HCI&c
WEDNESDAY, NOVEMBERS,
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( MILDRED HARRIS') .n, HONE -
A LOIS WEBER DQODuCTiOm
UN i v E R •> au - jE wv €|_,
Night Performance Only
Time: 8 O’clock.
Prices 10c and 20c.
THURSDAY, NOVEMBER 6TH
Matinee And Night
“HEARTS OF THE WORLD”
Matinee 3 O’clock.
Night 8 O’clock.
Prices "25c and 50c, Plus War Tax.
FRIDAY, NOVEMBER 7TH
MRS. CHARLIE CHAPLIN
(Mildred Harris)
In
‘‘FORBIDDEN”
Night Performance Only. Curtain
8 O’clock.
Prices 10 and 20 cents
The great market place of the com
munity—Times-Recorder Want Ads
PAYNE PRESSIN j & CLEANING CO->
PROP RIETORS.