The Montgomery monitor. (Mt. Vernon, Montgomery County, Ga.) 1886-current, September 23, 1920, Image 5
ADVANCE CASH i ON COTTON | Sixth Federal Reserve Bank Answers the Inquiry of Commissioner. ■ Atlanta, Sept. 18, 1920. That there will be no change in the policy of the Federal Reserve Bank for the Sixth District, in the matter of cotton loans in nection with the 1920 crop, is the positive statement of Governor M. B. Wellborn of that institu- < tion, in a letter to Commissioner of Agriculture, J. J. Brown. This means, as will be clear from Governor Wellborn’s ment, that the Sixth Federal Reserve Bank will, for the pres ent season, as in the past, re discount merchants and shippers’ j 90 days paper and farmers’ sixth months paper, secured by cotton, j in a basis of 80 per cent of mar-! ket value. The assurance given by Gover nor Wellborn in the following letter to Commissioner Brown, j under date of Sept. 19, 1920, will be very welcome to cotton pro ducers and all interested in the holding of cotton for a fair price: “This is to acknowledge re ceipt of your letter of Sept 16. j In reply I wish to say that we are advising our member banks in reply to their inquiries, that they need have no fear that the Federal Reserve Bank will not function properly and accomodate its member banks in rediscount ing their customers’ notes secur ed by cotton, for the orderly marketing of the cotton crop. “We are following our custom of the past in accepting from member banks notes of merchants and cotton shippers for 90 days secured by cotton, up to 80 per cent of its market value, insured and properly stored, having a maturity within six months.” • The foregoing letter signed by Governor Wellborn, was written in reply to a direct inquiry from Commissioner Brown, whose un derstanding was that cotton loans would be taken care ot this vear, the same as in the past. Com missioner Brown’s letter of in quiry under date of September 16th, was as follows: “I am receiving many inquir- : ies from citizens of Georgia as to THREE DAYS AUTO RACING Famous Drivers On Dirt Tracks to Compete At Atlanta, October 16-25-26. The opening day of the Southeastern Fair, October 16th, will be featured by auto racing contests in which some of the international champions will be entered. It is too early to announce the’ names of the drivers and cars which will compete, as entries do not close until a week before the opening. The International Motor Contest As sociation licensed over 200 profes sional drivers and the Atlanta races will be sure to attract the leaders in the list, which includes such names as Sig Haughdahl, dirt track champion; Fred Horey, holder of eleven world’s records! Louis Disbrow, R. Burr Lump kin, Leon Duray, Dave Koetzela, Floyd Willard, George Clark and Bill Endi cott. The Lakewood track is the fastest dirt oval in the United States and scheduled events are always watched with the expectation that a new world — T ' f l ' ' '• • tv * • • The Main buildings of the Southeastern Fair opposite the main entrance. Made of steel and concrete, they are the beet In the South. Libel for Divorce. Penrl McArthur vs Cyjus Mc- Arthur. j Petition for Divorce in Mont gomery Superior Court, Novem ber term, 1920: To the defendant Cyrus McAr thur : The plaintiff. Pearl McArthur, having tiled her petition tor di vorce against Cyrus McArthur, in this court, returnable to the No vember term of the Superior Court of said county, and it being made ; to appear that Cyrus McArthur is not a resident of said county, and also that he does not reside with in the State, and an order having ■ been made for seryice on him, Cyrus McArthur, by publication, this therefore is to notify you Cyrus McArthur, to be and ap pear at the next term of Mont gomery Superior Court to be held jon the Ist Monday in November, 1920, then and there to answer : this complaint. Witness the Honorable E. D. | Graham, Judge of the Superior Court. This 16th dav of Sept., 1920. J. E. Mcßae, Clerk. Farm for Sale. 240 acres; 85 under wire fence; 2-horse farm under cultivation; high and dry land; fruit and pecan trees, grapes, etc.; fish and game of all kinds; mile of church and school; 6-room dwell ing and outhouses; fine stock range; S3O an acre; terms if necessary. Write at once J. M. Caswell, Willie, Ga. the present policy of the Sixth Federal Reserve Bank, regarding the rediscounting of cotton paper. Will you be so kind as to write me if there is not any hesitation on your bank’s part, toward re discounting a farmers’ six months note, or a merchant’s 3 months note, either of which is secured by a bonded cotton warehouse receipt. Your prompt reply to the foregoing question will be very much appreciated.” It will be interesting to note that Governor Wellborn’s reply is exactly in line with the Depart ment’s prior information which was communicated to the public through the press of the State. record will be set and the Southeast ern Fair races on October 16th and the 25th and 26th will be no exception to the rule. BOY SCOUTS AT THE FAIR. Members in the State of Georgia Invited to Camp at South eastern Fair Oct. 16-26. Boy Scouts of Georgia are Invited tc camp on the Southeastern Fall Grounds during the fair, October. 16-26, An admission fee will be charged, but there will be no charge for camping ground and scouts can arrange to do their own cooking and live very eco nominally for the week if they desire to stay that long. A. A. Jameson, Boy Scout Execu tive, announces that he will arrange a scout program and give lessons in scouting during the week, thereby pro viding an opportunity tor members to learn much about scouting. Full in formation may be had by addressing Mr. Jameson, Chamber of Commerce Building, Atlanta. THE MONTGOMERY MONITOR—THURSDAY, SEPTEMBER 23, 1920. For Long Term Farm Loans, SEE A. B. HUTCHESON. I am negotiating some very attractive Long Term Farm Loans for the best companies doing bus iness m Georgia, with lowest rates of interest and the most liberal terms of payments. I have several years experience in the loan business, am located at the county site and believe that I am in position to give you the best terms and as prompt services as any one. If vou need a loan see me before application. A. B. Hutcsheon, Mt. Vernon, Ga Mount Vernon Wood Yard W. A. QUYTON, Proprietor The Best Grades of Oak and Pine Wood, Cut to any Dimensions. Ready for the Stove or Fireplace. PROGPT DELIVERY AND FULL GEASURE See me for prices. Yards near Bit. Vernon depot Building Material. Best grades of Rough Lumber, Framing, Sills, etc., cut on short notice. Mill six miles north of Mt. Vernon. See or phone Jas. W. Adams, 1113tf Mt. Vernon, Ga. Dr. Elton S. Osborne specialty: EYE, EAR, NOSE AND THROAT 19 Jones Street, East Savannah, Ga. Stump Pullers. I will sell any farmer in the county as Good a Stump Puller as there is on the market for Less Money than they can be bought elsewhere. Now is the season to get them. Phone or write J. B. MOSS, . Uvalda, Ga. LOANS ON FARM LANDS. Loans on improved farm lands of Montgomery County can be placed promptly at 5 l-2c in terest in amounts of SI,OOO and above, with the privilege of re paying part of the principal at any interest bearing periods in amounts of SIOO or multiples thereof, thereby stopping the in terest on amount paid. Loans can be made for periods of 57, or 10 years to suit the borrower. Commissions charged are reason able. M. B. Calhoun, Mt. Vernon, Ga, R. E. Ward, Soper ton, Ga. Urenter^ nuveni-SERVKE* savings Gillettee Mileage is Guaranteed: Fabric, 6000 miles Coed, 8000 miles FORD PARTS Full Line of Staple and Fancy Groceries, Soft Drinks, ete. H- C. DAVIS Mt. Vernon, Ga. j If in Need of Money f % *• * £ * £ * % 2 Come to See me At Once, % * f * Either Short or Long Term Loans. £ * f | | | MONEY IN BUNK FOR SHORT TERM LOANS \ * £ * and can secure money on either farm or city + & #■ property within ten days or less * * 4* ,: I | IF YOU WANT TO SELL YOUR PROPERTY | * * & 4^ * See me at once, as I have clients now for both £ * t J farm and city property in this section. * * J come to see me, or phone and I will call on you. £ * * mm* * £ # 4^ |J. Wade Johnson f | MT. VERNON % * 4fr ****V********************iM< #:************ THE UNIVERSAL CAR The Ford Sedan with electric and 1 ghting system and demountable rims with tires all around, for every day in the year has no equal as a family car. Just as popult ron the farm as it is in the city. In fact, it fit 3 the family demands 5 n every vocation of life. Large, roomy seats, finely upholstered, plate j lass windows make it an open car in pleasant weather, while in n iny and inclement weather it becomes a closed car, dust-proof and rain-proof. It is ideal for social functions, the theatre, or parties; c 'Trying the children to school, or for touring. It is not only comfortal <le, but really cozy, and above all, economical in operation and maintenance, and has all the Ford merits cf iiiiiiHifi strength and durability. We solicit your order for one. Come in and see it. Fords are plentiful, and easy t o get —if your order is placed with me at once. No guaran tee on the future. My exclusive territory embraces all of Montgomery south of M. D. & S. Ry. except Kibbee and Tarrytown —and I am suppling it with the “Old Reliable. ’ Post Your Lands. Open your woodland to the pub lic and soon there will not be a stick of wood or timber on it Put the public on notice by post ing up printed notices. Get the printed notices at The Monitor office, 10 cents each. Some choice lots in Mt. Vernon for sale by J. Wade Johnson, ad. KEEP COOL! For Comfort, get a Monitor Gasoline | Iron, the Best Made, Before Another i Advance. Price, 85.00. Guaranteed. Agent for Toombs and Montgomery Counties. REPAIRING DONE I. L. CHESTER, Agent, Lyons, Ga