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ASSOCIATED
PRESS NEWS OF
THE WORLD
FORTY-THIRD YEAR.—NO. 29.
GREAT TOURIST HOTEL AT AUGUSTA BURNS
1 LONGLOANS IS
FARMERS’NEED,
ASSERTS LEVER
Member Os U. S. Farm
Loan Board Points
Out Solution
MADISON, Wis., Feb. 4.---Federal
reserve paper with a ‘ine months or
twelvemonths peri id of maturity
would greatly assist the farmer and
overcome to a great extent the pre
dicament of the toilers of the soil
find themset'es in at the pi sent
time, according to A. F. Lever, mem
be. ci the Federal Farm I oan Board
who addressed the marketing confer
ence here today.
“The question uppermmost in the
minds of farmers is what happened
to bring about the present situa
tion,” said Mr. Lever. “What has
occurred to justify a slump in prices
of farm products ranging from 50
per cent to 100 per cent within a
period of 12 months?
Certainly there are no less mouths
to be fed now. The yield for 1920
was not unusually large!
“The starving children of Armenia
need your wheat and corn and live
stock, but they have nothing with
which to pay for it. The domestic
consumer of farm products is on a
buyers’ strike. He is refusing to
buy at the exorbitant prices demand
ed by some retailers, except as he
must buy to meet immediate needs.
“The domestic manufacturer, the
wholesaler and the jobber, because
of the uncertainty of the price of the
raw material and the demand for fin
ished product, are, as it were, danc
ing the hesitation, and they too are
in the market only to fill immediate
demands.
The Real Cause.
“The underlying cause has been
that a farmer has been taught to
walk the furrow and produce and
K per capita he is the best producer
"in the world. We have taught him
to become an expert with his hands
and have left him as a child in the
use of his head in the management
of his affairs, other than production.
“For the great staple crops like
wheat, corn, cotton, wool and live
stock, there is no existing machinery
for the orderly marketing of farm
products. Agricuture is both under
capitalized and is without any ade
quate system of credits adapted to
its peculiar needs.
‘There is a terrific strain upon the j
finances of the country at the crop |
moving season. Also an inefficient*
and expensive sytem of transporta
tion. There is an uneconomic and
unwise strain upon the buying and
absorptive powers of the purchasers
of farm products. Under this sys
tem we are asking the buyers of farm
products to meet their demands for a
period of twelve months'in a period
from four to five months, with the
inevitable result to the seller of these
products.
The Remedies.
“The remedies which suggest
themselves to me are: The elimina
tion of all unnecessary factors in
the present system of distribution.
The organization of commodity sales
agencies. The standardization of
farm products into grades and class
es. The warehousing of sufficient
quantities of products to set up an
even flow of such products into the
markets of the world as the im
mediate demands of the world call
for them. The devising of such
credit machinery as fill enable the
farmer to market his products in a
sane and orderly way.
“The banker thinks in the psy
chology of a quickly maturing pa
per. The turn over of the capital
investment of the farmer is once in
365 days. A paper, therefore, with
a maturity of only sixty or ninety
days, certainly, in times of financial
stress when money is hard to get,
is of little valve to him. If we are
to solve his credit problem, we must
provide him with a paper which has
a maturity period equal to the turn
over period of his investment, and
a paper of less time than none or
•12 months’ maturity, better fifteen
months’, can not be of the greatest
value to him.
“To my mind a system can be de
viled which will meet this necessity.
This is predicated upon the pooling
of the assets of the concern and the
issuance against such pooled assets
certificates of indebtedness or deben
tures in varying denominations and
periods of maturity. What is a gov
ernment bond? A government bond
is the evidence of the fact that con
pre's under the constitution has the
power to tax all of the assets of all
the people to make good the face
of the bond.
Farm Loan Bonds.
“A piece of farm land in itself,
no matter how available, will fail to
unlock the doors of credit. A farm
THE tWBhRECORDER
PUBLISHED IN THE HEART OF
THE CRY OF THE WILD
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TARIFF BILL
IS AMENDED
Opponents of Measure
Caught Napping By
Its Supporters
WASHINGTON, Feb. 4.—Support
ers of the house emergency tariff bill
caught their opponents napping to
day and two amendments were adopt
ed before those senators who are
figuring the measure were aware of
the action.
The two amendments were agreed
to by a viva voce vote, with only nine
esnators in the chamber, following
which Senator Harrison demand that
a quorum be called.
Columbus Women
To Pay Street Tax
COLUMBUS, Feb. 4. Colum
bus women will hereafter “have the
privilege” of contributing $2 per an
num toward the upkeep of the streets
of the city. City council, in passing
the 1921 tax ordinance, adopted an
amendment which makes the newly
enfranchised citizens subject to street
tax.
The tax ordinance, drafted more
than a month ago and put on its first
reading at the January meeting of
council, provides fur an increase in
the city tax rate from $1.50 to
SI.BO per hundred. The annual re
port of the city treasurer showed a
deficit for the last fiscal year of sll,-
357.25, bringing the deficit of the
city to date to $154,302.62.
mortgage on the same piece of land
in itself would have no standing in
the money markets of the world, but
when under the farm loan act we
have set up four thousand associa
tions of farmers throughout every
agricultural county in the United
States, and when these associations
have taken in many farm mortgages
—in the neighborhood of 126,000 —
and have placed these in Federal
land banks—regional banks—in the
hands of a government appointee
known as farm loan registrar, and
these banks have issued against this
mortgage farm loan bonds, the Mis
souri farm has become through th ! s
magic a liquid asset which flows
freely in the money markets of the
country. What is a farm loan bond?
It is the evidence that a trustoo
has in his possession farm mortgages
which if foreclosed would be suf
ficient in value to meet the obliga
tions of the bond.
“The working out of this system of
farm credit, as well as the solution
of all the other problems of agri
culture, depends upon organization
of the farmers themselves under
sane, conservative, fundamentally,
sound leadership. With it there can
be but success. Without this, all
these efforts will fail.”
AMERICUS, GEORGIA, FRIDAY AFTERNOON, FEBRUARY 4, 1921.
Choose Unionist Leader
In New Irish Parliament
BELFAST, Feb. 4. (By Associat
ed P/ess.) —The Ulster Unionist
council today elected Sir James
Craig, M. P., leader of the party in
the new parliament to be set up for
Ulster under the Irish Home Rule
Act. Sir Edward Carson presided
over the council session.
WHEAT DROPPING
AT BUENOS AIRES
Dominating Factor In
Market, Is South
American Claim
BUENOS AIRES, Feb. 4.—Wheat
futures have broken severely i.i the
Bolsa de Commercia here di ring the
past week. Prices fell to an equiva
lent of 30 cents a bushel on a tre
mendous speculative turn-over equal
ing 2,000,000 bushels a day.
It is asserted that Argentina is
beginning its great annual crop move
ment with a surplus for exportation
estimated at three and a half million
tons of wheat, and that this country
is now the domirotiu.j factor in the
world's grain market.
The decision of the Chicago I’oatu
of Trade Wednesday tv discontinue
the posting of Argentine grain quo
tations is characterized by members
of the bolsa as equivalent to an “os
trich hiding his head in the sand.”
Figures were cited in this connection
to prove that the recent fall in prices
both here and in Chicago, was in
obedience to economic laws.
Mexico Moves To Make
Yellow Fever Extinct
VERA CRUZ, Feb. 4.—Work has
been begun here by a corps of doc
tors and nurses under auspices of
the Rockefeller Foundation, to bring
about the extinction of yellow fever,
which caused nearly two hundred
deaths here last fall.
Although the disease disap
peared almost entirely during the
winter months, there are fears that
it may re-appear early in the spring
unless the entire population is inoc
ulated with preventive serum. Gen
eral supervision of the work has been
vested in the Mexican government
department of health by a decree is
sued by President Obregon.
I feJSw -Xi
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EJECTED MINERS
MOVE TO TENTS
Court Decision Makes
Ala. Coal Strikers
Homeless
BIRMINGHAM,, Feb. 4. The
families of five hundred miners are
this week housed in tents, and with
in the next ten days five hundred
other households will be established
under canvas, according to an an
nouncement today at the headquar
ters of the United Mine Workers of
America here. •
Officials at the miners’ headquar
ters estimated that 10,000 miners will
need homes as a result of a recent
court decision ejecting the strikers
from coal company property.
Formosans Decide Jan?
Seek To Enslave Them
TOKIO, Feb. 4. (By Associated
Press.) —The Island of Formosa,
which was ceded by China to Japan
in 1895, is threatened with disturb
ances as serious as those which have
occurred in Korea during the past
two years, it was declared by Rin
Kendo, a prominent Formosan at a
public meeting held in his honor at
Sibyia park here today. Kendo said
that the Formosans had arrived at
the conclusion that the Japanese are
attempting to enslave them.
Obregon Opens 20
Closed Mexican Banks
MEXICO CITY, Feb. 4.—More
than twenty Mexican banks which
formerly had authority to issue pa
per money, and which were closed
during the administration of Presi
dent Carranza, yesterday were given
permission to resume business
through a decree issued by President
Obregon.
WEATHER.
Forecast for Georgia.—Rain prob
ably tonight and Staurday; warmer
in extreme north port’on tonight.
AMERICUS TEMPERATURES
(Furnished by Rexall Store.)
4 pm 54 4 am ....48
6pm 50 6am 48
Bpm 50 8 amso
10 pm 50 10 am 52
Midnight 48 Noon 54
2 am 48 2 pm .....58
OFFICERS TESTIFY
FOR ACCUSED MEN
IN MURDER TRIAL
Lieut Mcßride and Sergt
Thompson On Stand
At Hamilton
HAMILTON, Ala., Feb. 4.—A1l of
the members of Company M, Alabama
National Guard, on duty at Townley,
January 14, were either “present or
i accounted for” at 5 o’clock that
■ morning, just three hours after the
i execution of William Baird, a white
I miner, near Jasper, according to tes-
I timony given today by Lieut. Mc-
Bride and Sergeant Thompson in the I
[ trial of Robert Lancaster, a sergeant .
of Company M, who i, charged with j
the murder of Baird.
The personnel of the (amp was
check--’ on order from Colonel
Smith's headquarters in Jasper, both
Lieut. Mcßride and Sergeant Thomp
son told the court.
Hoboes Headed South
Drift Into Atlanta
ATLANTA, Feb. 4. Railroad
men running into and out of Atlanta
report a steadily increasing number
of “bums” riding “the blinds” and
nearly all of them are headed South.
Police court records as well as ocular
evidence of “pan-handlers” selling
all kinds of trinkets and so forth
on the streets bear out the state
ment.
These “bums” drift into Atlanta,
hang around for a day or two, or per
haps a week, then take to the blinds
again, as is their immemorial custom.
They are very adept, too, in dodging
inquisitive policemen, and to the
kind-hearted housewife they tell
tales of wondrous hard luck, em
bacing everything fro mfortunes lost
in oil speculation to the hard-heart
ed stepfather who drove them from
home.
But—they will not be interview
ed! They positively will not talk for
publication. This seems to be one
of the unwritten laws of their clan.
Reporters who hang around police
headquarters try with every art
known to their craft to make these
knights of the road tell of their trav
els, but in vain.
State Pa vs Big Sum
On School Warrants
ATLANTA, Feb. 4. How would
you like to live to have a check for
$1,986,418 credited to your account
in the bank? You could knock off
from work, buy yourself a yacht and
go on a cruise in the warm waters
of the Carribean. Acheck of this
size has just been drawn by the state
treasurer of Georgia and is one of
the largest checks drawn by him in
many years. It was for the purpose
of paying school warrants which have
just matured and were payable in
New York City. The money was
transferred by the Fourth National
Bank cf Atlanta on which State
Treasurer Speer drew the check.
The state treasurer gave a formal
written order to the Fourth National
Bank to place to the credit of the
state treasurer with the New York
bank the sum of approximately two
millions of dollars, and to charge the
same to his account at the Fourth
National. The Fourth National by
telegraph directed the New York
hank to draw on it, and thus the
transfer of funds was handled in less
than an hour.
Severe Earthquake
Shocks Are Recorded
WASHINGTON. Feb. 4.—A so.
vere earth shock which begat, at 3:20
this morning and lasted during an
hour and a quarter, is reported by
Father Tondorf, director of the
Georgetown -eizmographical .observa
tory. The d f sta’'ce was indicated as
2.2°0 mill's sput v of Washington.
The seismograph record indicated
a disturbance.even more severe *han
that recorded Dec. 16 last, Father
Tondorf said. The scene of the De
cember disturbance was never defi
nitely located, while Father Tondorf
• sHmatod todm’s disturbance proba
bly ocurrtd .mewhere in South
America.
NEGRO’S HOME IN
CHICAGO’S WHITE
BELT IS BOMBED
CHICAGO, Feb. 4.—A bomb
thrown from an automobile into
the doorway of a four-story apart
ment building on the south side,
owned and occupied in part by
Robert Jackson, a wealthy negro,
shattered windows in half one en
tire block late last night. Several
persons were injured by flying
glass.
A policeman saw the missile
hurled from the car which, he said,
contained three men. He fired
several shots at them before they
disappeared around a corner. This
was the second bomb explosion in
front of the building within a
year.
HARDOKTOCALL
FOR CONFERENCE
Believed HTWill Do This
Soon After Inaugura
tion Next Month
WASHINGTON, Feb. 4An in
ternational conference to discuss dis
armament will be called by the Unit
ed States, Chairman Butler of the
house naval committee said today
when the committee met to hear the
views of prominent naval officials on
the subject.
Chairman Butler did not say when
the call would be issued, but from his
line of questioning of witnesses, it
would be issued soon after the in
was assumed that he thought the call
auguration of Harding as president.
Chairman Butler said that he had
recently conferred with Harding on
the subject.
WISDOM SISTERS
ARRIVE TONIGHT
Revival Singers To Be
Ready For Opening
Services Sunday
Rev. Guyton Fisher, pastor of First
Methodist church, received a tele
gram this morning from the Wisdom
Sisters, as they are known all over
the South, saying that they will
reach Amerkus on the midnight train
from Birmingham.
The Revival in which they are ’to
do special singing commences next
Sunday with the pastor in charge. Dr.
T. D. Ellis, of Macon, who is the
popular pastor of'Mulberry Street
church, will reach here Monday in
time for the service at 3 p. m., and
preach twice each day—evening ser
vice, 7 o’clock till further notice.
The Wisdom Sisters not only sing
two or three times in every service,
the old songs as well as the new, in
abolutely unique way, but they do
personal work themselves,’ and or
ganize personal workers’ classes for
instruction in the best way to do
soul saving. It is hoped that all de
nominations will take advantage of
this opportunity to learn more of the
Christian method and join this class.
Holy Land Mandate
Draft Generous One
LONDON, Feb. 4.—The British
draft of the mandate for Palestine,
which is to be submitted to the
Council of the League of Nations
at its meeting in Geneva, provides
in its first article that the mandatory
nation shall have all the powers in
herent in the government of a sov
ereign state, according to a text of
the draft, which is printed by the
Jewish Chronicle here today.
Building Trust Head
Awaiting Sentence
NEW YORK, Feb. 4.—Five addi
tional indictments are pending
against Robert P. Bn'ndcll. head of
the so-called building trades trust,
who is in the Tombs prison today,
awaiting sentence. He was convict
ed yesterday on a charge of extor
tion.
Each of the remaining true bills
charge extortion.
C WHAYS 1 ® BE M
* O ■ ;HOMt pea.
t nn& a?
b
PRICE FIVE CENTS.
THE BON AIR IS
IN ASHES WITH
MILLION LOSS
None Os 260 Guests In
jured In Early Morn
ing Blaze
AUGUSTA. Feb. 4.—The Bonaire
Hotel, one of the larget tourist hos-
• telries i i the entire South, was de
stroyed by fire of undetermined ori-
| gin, which was discovered at 2:30
i this morning.
The loss, including the property of'
I guests, is placed at $1,000,000.
I None of the two hundred and sixty
guests in the building were injured,
all of them having been awakened
by the night clerk shortly after the
, fire was discovered.
A few of the guests of the hotel
j took time to gather up their clothes
j and other possessions, but a large
number of them fled scantily attired,
and without saving anything. Homes
in the winter colony here were
thrown open to them.
Nathan Strauss, the New York
banker, who is now in Augusta, stat
ed today that he stood ready to aid
financially in the immediate rebuild
ing of the Bonaire upon a scale that
will make it the finest tourist resort
in the South.
Atlanta Robbery
Recalls Famous Trial
ATLANTA, Feb. 4.—An interest
ing case in view of the side lights
has just been tried in the criminal
court in Atlanta. Sam Manor and
a confederate plead guilty to robbing
i a Jew named Pries at the point of
1 a pistol. The convicted men were
• sentenced to the penitentiary from
five to ten years.
JThe feature jm_tkac..
Mrs. Manor, who collapsed in court
! when her husband was sentenced, was
formerly Monteen Stover, a star wit
-1 ness for the state in the prosecution
|of the noted Leo Frank case. Two
| years ago she was arrested in Chat
tanooga for playing the badger
game by going disrobed into various
rooms in a hotel. She is now under
bond in Atlanta for aiding in the
robery for which her husband was
sentenced.
Newport Langford, chief of detec
tives when Frank was convicted,
shot a lawyer two months ago with
whom he had an office. Langford
was said to be intoxicated at the
time. K'e is now before the police
comission on a charge of bribery.
Jim Conley, a negro and the chief
witness in the Frank case, is serv
ing a twenty year sentence for a
night time burglary.
Columbus T o
Play Here Tonight
The Americus girls’ basketball
team meets the Columbus High girls
at the Y. M. C. A. Friday night at
7:45 for the first games by them in
two weeks here. The Columbus
girls have a strong team this year
and the locals wil have to go some
to come out of the game with the
big end of the score. The lineup
for Americus will be: Georgia Lump
kin and Marie Bel), forwards; Eliza
beth Sheffield and Frances Sparks,
centers; Julia and Minerva Allison,
guards.
The Americus High boys’ five will
play the Americus Ath'etic associa
tion Saturday night. This is the
first game the two local teams have
played together and as both teams
are pretty evenly matched in size
and weight a snappy battle is in
propsect.
Ga. Records Asked By
Noted Glasgow College
ATLANTA. Feb. 4. The Uni
versity of Glasgow, one of the lead
ing institutions of learning in the
United Kingdom, has requested a full
set of the bul'etins of the geological
' survey of the State of Georgia. Dr.
S. W. McCallie, state geologist, is
preparing to send the set, containing
. thirty-five volumes, and it will be
placed in the library of the universi
ty, where students may use it as a
reference work.
MARKETS.
AMERICUS COTTON SEED.
Unchanged, $26 ton.
AMERICUS SPOT COTTON.
Good Middling, 13 l-4c.
NFW YORK FUTURES.
He Open 11am Ipm CJffse
Meh 130 13.75 13.26 15.48 13.40
May 13.52 13.70 13.64 13.83 13.80
July 13.95 14.05 UO4 1-1.23 1.4.20
Oct. 14.22 14.30 14.40 '.4.53 14.52