Newspaper Page Text
Fourteen ‘Pages
By E. L. RAINEY
CAMPAIGN FOR PRESIDENT TO
cOST MILLIONS. LEADERS
PLANNING FOR MONEY.
WASHINGTON, D. C.—From its
iniatial start the year 1920 will be a
record-breaker in the high cost of
politics. With many the cheapest
thing in this country at this time,
and with many persons the easiest to
get, fifteen and twenty millions of
the peoples’ coin will go for the great
political game alone before the year:
:
is out.
Just how and where the money will
come from and how it will be expend
ed is no secret. Leaders among the
democrtic and republican parties
have already announced that not on
ly will they need this great amount
of coin to carry on the great pres
idential election contests, but they
know where they will call for it and
where it will come from. But this is
not all. The “drys” will seek not less
than $25,000,000 alone,
The republicans have already an
sounced that Col. William Boyce
Thompson, of this city, the man who
contributed a edol million to the work
of the Red Cross in Silicla, will be
their chief money getter.
The democrats so far have made no
such announcement, but indications
point to Barney Baruch as the man
who will pilot the financial ship of
ctate for his party through the
troubled waters of the next ten
months.
will Milk Corporations.
Republicans are already charging
the democrats with organizing a first
class “slush fund” for use in the com
ing elections, while from various sec
tions it is said corporations are being
prepared to be well milked, if not, in
fact, milked dry. They are going to
be made to produce, it is claimed, as
they never have been before, and it
is said that already arrangements are |
being made by many of them to meet
the demands which will soon be upon
them.
The republicans claim they will on
ly need a small amount of money this
time—it may be good politics—only
about five million dollars, while the
democratic leaders will not get off so
easily. It will probably take ten mil
lion to square their accounts.
The most interesting part of this
situation comes in with regard to
what the “drys” will do, the country
already being constitutionally dry
from one end to the other, after Jan
-16, 1920, and how they will expend
their twenty-five million dollars,
which it is claimed they have assess
ed against the teetotally dry sympa
thizers in the different states.
There are rumors here that al
though the “drys” have already bur
ied old John Barleycorn for keeps
they propose to make the thimg
<o effectively dry that there may be
no aftermath of the proposition any
time hereafter. Therefore, so the
story goes, they are going in to de
feat every member of congress, sena
tor or house member, who is not dry
inside and out. They mean, they say,
to find out who is not in sympathy
with the “dry” movement and to give
him a place of honor along side John
Barleycorn. That may be where some
of their twenty-five million dollars,
which the prohibition people will use,
goes. At any rate, that is the way
the story goes here.
Will Make Fight in South.
Another situation of more than or
dinary interest to the South is that
the republicans will fight to replace
the members of congress who are in
sympathy with the president’s league
of nations plan with one from among
their ranks. They profess to believe
that they now have the methods by
which they may “get under” many
present members of the house from
Dixie and “break the solid south.”
They propose to put the skids under
the southerners if they can. They
point to what has recently happened
in Kentucky, Arkansas and other
states where democratic members of
congress have been replaced by re
publicans, and they predict a land
slide this fall. Whether or not they,
too, have a “slush fund” as they al
lege the democrats have, remains to
be seen, but with million dollars be
ing spent for politics alone this year
there will be no reason to doubt that
the cost of politiecs will be high.
DEATH STRIKES THIEF
WHILE HE’S STEALING OPIUM
lnhaling Dust From $10,000.00 Loot
Causes Man’s Death.
NEW YORK, N. Y.—lnhaling the
dust arising from $lO,OOO worth of
opium and heroin which he was
dumping into a bag from drying pans
at the plant of the New York Quinine
& Chemical Company, Brooklyn, af
ter he had broken into the place, John
Schunitdki collapsed on the bag and
?_K“I. His body was found by the po
(8
_Explaining the occurrence Bene
dict Oderfer, the-plant chemist, said
that the dust rising from dried opium
5 a deadly poison if inhaled long
enough, and that Schunitdki probably
knew nothing of the danger he ran
In trying to steal the drugs.
WILL END INVENTORY OF
RAILROADS IN TWO YEARS
Charles A. Prouty, in charge of the
work of estimating the valuation of
the railroads of the country, predicts
that the job, begun five years ago,
Wil be completed within twe years,
BIG MELON
Reported Stockholde --of Stand
ard Oil Are to m,.d. " *lOO,-
000,000 Stock DivideniZar,
NEW YORK.—Rumors were 1.
circulation on Saturday that there
was to be a big melon cutting by the
Standard Oil Company of New Jer
sey.
One report was that a 100 per
cent, stock dividend was to be de
clared, while another was that stock
‘holders would have the right to sub
scribe at par to new common stock.
If the stock dividend were to be
declared it would mean the distribu
tion of $100,000,000 at par, while
the case of a subscription at par to
new shares, on the basis of one new
share for each old share, the rights
would be worth about $346 to com
mon-stockholders,
There was no confirmation of the
rumors to be had at the Standard Oil
offices.
The stock had a big move, advanc
ing to as high as 775, and closing the
day at 772 for a net gain of thirty
one points.
PARTY PLATFORM
THINKS TREATY ISSUE IS SUB
MERGED BY BIG ECONOMIC
TOPICS. RAPS WILSON.
CHICAGO. William J. Bryan
enunciated a democratic platform
for the 1920 campaign here on Sat
urday in a speech before the Iroquois
club.
About 300 leading democrats of
Chicago heard the address. The issues
which Bryan advanced as more fitting
than the treaty for the 1920 platform
included:
Government ownership of rail
roads. . - .
Government ownership of all utili
ties where competition is impossible. |
Legislation to prevent profiteering.
Government machinery for settle
ment of industrial disputes.
Legislation closing the doors of
free speech and free press to the ad
vocacy of violence or overthrow of
the government.
No Man Thinks for Everybody.
‘There is no split in the democratic
party on the peace treaty, Bryan in
sisted—just a difference of opinion.
“The democratic party is built on
‘the idea that no one man thinks for
‘everybody,” Bryan sa% Many of his
audience considered this a direct slap
at President Wilson.
“Whenever a minority has attempt
ed to prevent or delay the action of
the majority,” Bryan said, “the an
tagonism of the people has been
aroused and the democratic party
can not efford to go before the peo
ple with the responsibility of four
teen months’ delay of ratification on
their shoulders.
l Denounces One Man Power.
| “This is not a government where
one man can tell everybody what to
do,” he said.
“If the president had the power to
do this he certainly would not desire
to exercise the right. No American
oitizen would. As an American I
yield to no one in interest in my
country. As a democrat I yield to no
man—not even the president—in my
interest in the democratic party. And
1 would not belong to any party
which does not allow any citizen to
express his opinion on any subject.”
GREAT SCIENTIFIC VALUE 1S
i CLAIMED FOR EXPERIMENTS
| OF PROF. GODDARD.
| e
. WASHINGTON.—A method of
sending apparatus to the hitherto un
reached higher layers of the air, to
the regions beyond the earth atmos
phere and even as far as the moon
itself, is described by Prof. Robert
H. Goddard, of Clark College, in a
recent publication for the Smithso
nian Institution.
The new apparatus is a multiple
charge high efficiency rocket of an en
tirely new design. Demonstration of
its value and practicability are looked
for soen.
“The great scientific value of Prof.
Goddard’s experiment,” says the an
nouncement, ‘“lies in the possibility
of sending recording apparatus to
moderate and extreme altitudes with
in the earth’s atmosphere. The high
est level that has ever been reached
up to the present time with recording
instruments is about 19 miles, accom
plished with a free balloon. The new
rocket apparatus would go straight
up and come straight down, making
possible daily observations for use 1n
weather predictions. The time of as
cent would be very short, only six and
a half minutes being required to car
ry the apparatus up 9230 miles, some
where near the outer limit of the
earth’s atmosphere.
“Prof. Goddard is at present under
a grant from the Smithsonian Insti
tution, perfecting the reloading
mechanism, whereby sueccessive
charges are inserted in the explosion
chamber during its upward flight.”
s e R
The United States has shipped te
Cuba in the last few years 13,045
passenger automobiles and 1,438
commercial vehicles.
THE DAWSON NEWS
’THE NATIONS “DRY”
T"NERAL PROHIBITION LAW BE
"EYFECTIVE SATURDAY.
l Men. TO ENFORCE IT.
~ Enforcement of cqnstitutional pro
hibition began at 12:01 a. m., Satur
day, Jan. 17. -
_The constitutional amendment in
the strict legal sense was to become
effective exactly one year after the
thirty-sixth: state ratified it, but no
one seemed to know at what hour on
Jan, 16, 1919, the thirty-sixth state
acted.
Preparations have been made for
the enforcement of the national pro
hibition law. The task has been as
signed to John F. Kramer, of Ohio,
who has been named the first prohi
bition commissioner of the United
States, He will be assisted by a di
rector in every state in the unioff]
who, in turn, will have at his com
mand ten or more inspectors, whose
duty it will be to create public senti
ment favorable to the enforcement
of the law. '
None of these men, however, will
interfere with private stocks, so long
as they are kept in the home of the
owner. All liquors in bonded ware
houses, saloons and other places,
where “wet” goods formerly were of
fored for sale will have to be report
ed to the internal revenue commis
sioner within ten days after the law
became effective,
Interesting Historical Facts.
The “wets” put all the blame on
the Anti-Saloon League and its politi
cal manipulations with the members
of congress and the various state leg
islatures. The league people are be
ing made the goat, but after all, it is
asserted, there are interesting histor
ical facts to support the statement
that prohibition in the United States
happened so gradually that the coun
try itself was scarcely aware of thel
change that had been working in it
for generations. In other words the!
anti-saloon movement in America is
almost as old as America itself. It
started back in 1642 when the colony
of Maryland made drunkenness a
\crime, punishable by a fine of 100
pounds of tobacco. One step followed
another until, in 1873, the Woman’s
Christian Temperance Union gained
access to the public schools with the
scientific temperance teaching, a step
which is regarded as having sounded
the death knell to the liquor traffic.
The Anti-Saloon league was found
|ed in Oberlin, 0., in 1895 and from
that time forward the question be
lcame one of ‘“‘dry” politics versus sa
!loon-controlled politics. The history
lof prohibition from 1893 to 1918
shows a series of victories for the
“dry” movement, indicating that the
passage of the constitutional amend
ment by 45 of the 48 states of the
iunion was no surprise to ‘“dry” lead
{ers.
IN OUSTING SOCIALISTS. SENA
TORS BORAH AND THOMAS
DISCUSS THE INCIDENT.
WASHINGTON, D. C.—Refusal of
the New York state assembly to seat
five socialist representaives drew
fire today in the senate. Senator Bo
rah, republican, of Idaho, declared
such action invited lawlessness and
disorder, while ‘Senator Thomas,
democrat, of Colorado, said it would
drive the socialists to ‘“‘revolutionary
methods.”
Declaring the incident one of the
most remarkable in the history of po
litics in this country, Senator Borah
caid if members of a legislative body
could be expelled for their political
views republicans or democrats in
congress could exclude each other
from representation. l
Senator Thomas expressed thel
hope that “common sense” would
operate on the majority-in the Newl
York assembly and lead to the seat
ing of the socialists. |
Chicken Houses Where Dancers
Do Shiming Are Placed Under Ban
Neighbors Say Point is Reach
ed Where They Cannot
Sleep Until The Wee Hours.
ATLANTA, Ga.—Fulton county
chicken houses have got to be put
out of business.
Such is the decree that has been
served upon the Fulton county au
thoritics by the people residing in
the neighborhood of these interest
ing resorts where shimmie dancers
foregather in the evening and make
a merry time until very late hours.
- Cannot Sleep.
It has reached the point, declare
the chicken house neighbors, where
one cannot sleep with any peace un
ti! the wee small hours of the morn
ing, and everybody knows that a
farmer has got to have rest before
midnight. - ‘
Not only this, allege the neighbors,
DAWSON, GA., TUESDAY EVENING, JANUARY 20, 1920
BROTHERHOOD HINTS
AT RAILROAD STRIKE
A strike of 400,000 railroad main
tenance of way employes and shop
‘men is “imminent in a month,” unless
steps are taken to increase wages or
cut the cost of living, according to
a statement made by J. B. Malloy,
grand vice president of the Brother
hood of Railrcad Maintenance of
Way Employes and Shop Laborers.
“Cannot Live on Wage.”
“It is a question of the men starv
ing on the job or starving on a
strike,” said Mr. Malloy. “Many of
them are making as low as 28 cents
an hour and it is impossible to live
on such wages.
“The union took a strike vote and
decided on a strike Nov. 1, last. The
strike action was postponed for 60
days on the promise that the cost of
living would be reduced. Now the
government must either show activity
or lower price cost or give the men
a decent living wage or we can not
hold the men another month.”
Walker D. Hines, director general
of railroads, promised Allan Barker,
president of the union, that he would
give answer to the wage der‘nands.nf
‘ithe men in a few days. Tne union
represents 85 per cent. of all the
trackmen, ¥ound-house laborers and
other maintenance of way and shop
laborers on the railroads.
i
NEGRO WRITESTO
YOUNG WHITE GIRL
CORRESPONDENCE THROUGH A
MARRIAGE BUREAU. SAVED
\ BY THE POLICE. l
-_ |
i NEW YORK, N. Y.—Matrimonial
I‘agencies operating in Chicago, Den
ver, Kansas City and San Francisco
iare finding many clients at present
in the East, according to detectives
who recntly saved a young white wo
man, 20 years old, from North Caro
lina, who came to New York expect
ing to meet a ‘“Cuban gentleman of
moderate means.”
The advertiser said he was ‘“edu
cated and home-loving.” He proved to
be the negro janitor of a Bronx
apartment house. The girl, with a
letter from him in her handbag, ar-
Irived at the Pennsylvania station
from her small home town. She had
never been in New York before and
a railroad porter turned her over to
a Traveler’s Aid Society worker who
agreed to accompany her to the home
of the man she called her “cousin.”
Disillusioned, the young woman was
'given shelter for the night, her fam
jily telegraphed and funds received
! which permitted her to return homie,
|her townsfolk being mone the wiser.
l In the police investigation of the
janitor which followed the man dis
’played letters from women who were
members of two correspondence clubs
| —one in Oakland, Cal., and the oth
ler in San Francisco.
| Lists found in his apartment de
|scribed women varying in age from
teighteen to sixty-seven, as follows:
; “Beautiful 'California maiden, 24,
' sixty-seven inches, 133 pounds, brown
hair, blue eyes, Protestant, college
leducation, musician, worth $50,000;
wishes to marry a refined business
' gentleman.”
“Pretty American maiden, 18, re
’sides in Indiana, sixty-three inches,
)129 pounds, dark brown hair, blue
eyes, well educated, musician; mem
ber of a wealthy family. She has no
‘use for society and wishes to marry
a home-loving companion.”
“Widow, 67, sixty-two inches, 130
pounds, dark grey hair, blue eyes,
Baptist, comfortable income, can play‘
the piano some, worth between $25,-!
000 and $36,000. Very lonely; re-{
sides in Illinois.”
The letters were confiscated, and
the janitor’s case is still under in
vestigation. {
but one cannot go home at night
with any degree of safety, whether
walking or riding, because he is lia
ble to meet some ribald merry-mak
ers on the road who will run over him
with an automobile, or chase him into
the ditch if he is on foet.
Macedonian Cry.
And more thsn this, as the neigh
bors point out, even the proprietors
of the chicken houses have recently
‘been compelled %o send out the Mace
donian cry to %the county police to
come over and help them keep their
guests in order.
It is related that a recent gay par
ty took such a fancy to eertain
quaint articles of country furniture
that they loaded them in theirautomo
bile and made off with them while
the proprietor swore a blue streak,
to no effect. |
Fulton eounty people are about as
reasonable as the folks in any com
munity, and they don't object to
their neighbors having a good tim_e]
within reasonable bounds, but this
thing of constant merry-making hasi
got on their nerves, :
WAR OVER BUT BUDGET ASKS
FOR BILLIONS. ENORMOUS
INCREASE IS IN SIGHT.
WASHINGTON, D. C.- Uncle
Sam threatens to become the nation
al spendthrift. He is dispensing mil
lions, yea billions, with less care than
he formerly gave to the expenditure
of thousands. War finance has robb
ed him of his sense of proportion,
just as war wages and war profits
have overfurned popular appreciation
of values.
The cost of government, in the sec
ond year after the war, like the cost
of living, is headed up, not down.
The government is urging the peo
ple, as the best means of combating
the H. C. L., to practice rigid econ
omy, to buy nothing but necessities.
But the government itself, instead of
branches for the fiscal year ending
ready to spend hundreds of millions
more than it spend through those
same channels formerly.
Appropriations Are Huge. '
Appropriations requested by the |
executive, legislative and judiciall
branches for the fiscal year ending!
June 30, 1921, to date amount to $4,-|
473,696.358, almost four and a half
hilllons.
Total appropriations voted by con
gress for the current fiscal year end
ing June 3, 1920, amount to $5,629,-
486,359, over five and a half billions.j
~ This makes an apparent cut or
“saving” of $1,155,790,000 or over a
billion in the proposed expenditures
for the year ending June 30, 1921.
On the basis of this reduetion in to
tal appropriations asked the country
is being told that the government’s
estimates have been prepared on the
basis of strict economy.
This reduction of $1,155,790,000 in
the appropriations asked is not
achieved by any application of econ
lomy. It is achieved in spite of the
llack of it. It is because certain large
undertakings, due to the war, carried
}through the present year, are not to
be continued into 1921.
Any increases in pay to govern
emnt employes or to postal employes
will have to be met by still further
appropriations. The estimates, as sub
mitted, figure all wages and salaries
at present government standards.
The proposed increase is due largely
to the government entering new
fields of administration or extending
\its activities in lines it already has
|taken up.
' Some of Increases.
Other items which may have to be
added to 1921 appropriations are:
Salary increases ...... .$75,000,000
Postal pay increases.... 30,000,000
Disabled soldiers ...... 80,000,000
Indicated deficit ....... 75,000,000
’ The total of items net included in
'the estimates of appropriations as
compiled by Senator Smoot is about
$444,000,000. Which, if all proposed
appropriations were granted, would
bring the total to $5,917,696,258, or
'51,138,209,963 more than corre
sponding departmental expenditures
'for the current year.
[
*COST OF PAPER DOUBLES
Hundreds of Papers Forced to Sus
pend on Account of Increased
Cost of Production.
ATLANTA, Ga.—The cost of
newsprint paper, in less than four
years, has nearly doubled. For more
than three years the price remained
almost stationary, but in June, 1916,
the price began to rise, and has fallen
but once since—in the latter part of
1917, when it fell a trifle only to rise
ragain until now it is more than doub
le the price it sold for in 1916.
! The extraordinary increase in the
cost of mnewsprint paper, together
with the increased costs of all other
materials and labor combined in the
production of a newspaper, has more
than doubled the expense of getting
this and other Georgia weeklies into
their readers hands. The increased‘
cost of print paper has forced hun
dreds of newspapers, especially those
in small cities and towns, to suspend
publication. The situation has resu]t-li
ed in bills being intreduced in con
gress arbitrarily restricting the size
and number of pages for all newspa
pers and magazines. i
Georgia publishers, in common |
with other publishers over the coun
try, have in many instances been§
forced to raise subscription and ad
vertising rates. Some of them, not
withstanding the advance in rates,
have announced drastic measures
looking toward paper economies. ;
WHAT, 25-CENT HOSE! |
SHE GETS A DiIVORCE
$4,000 Alimony for Manicurist Who |
Wants Silk Stockings. f
NEW YORK. N. Y.—Mrs. Jessie!
Shepard Husted, who was a mani
curist in a New Haven hotel when,
she eloped with Mills H. Husted, son
of Mrs. Abbe L. Husted, a wealthy
widow, won 2 divorce in the superior
court at Bridgeport. Judge Webb
granted her $4,000 alimony. i
At the time the couple were mar
ried in March, 1916, Husted was a
student at Yale, He took his wife to
live at the home of the mother in
Greenwich, but they separated after
one week together. She alleged de
sertion and intolerable cruelty. She
said that her husband could give her
only 25-cent stockings when ‘the was
acenstomed to silk.
SEEKS KING
Hungary Wants American Million
aire to Pay Debts and Become
King of Nation.
BERNE.—According to news from
Budapest, the monarch’s party of
Hungary is determined to have a
king again.
After failing to obtain one in Eu
rope they think the best solution
would be te induce an American mul
timillionaire who would pay their
debts to wear the Austrian crown.
A deputation of Hungarian mon
archists is said to be considering go
ing to the United States to negotiate
for a king.
Of four hundred Hapsburg princes
none is rich enough to ascend the
Hungarian throne, '
PETTICOAT PRESIDENT
OF OIL CO. STEPS OUT
LEAVES A CASH BALANCE OF
ONLY $17.75 AND A DEFICIT
OF $63,438. ‘
CHICAGO.—Mrs, H. H. Honore,
jr., sister-in-law of the late Mrs, Pot
ter Palmer, resigned on Monday as
president of the Women’s Federal Oil
Company, at the annual meeting of
stockholders.
The report of Frank G. Kasper,
secretary treasurer, showed ‘“‘cash oi
hand” at $17.75, a ‘“balance®*in bank”
of 53 cents overdrawn, and a deficit
}of $63,438.
. Mrs. Honore was the only woman
left in the management of the con
cern, which was a $1,000,000 corpo
ration. There are in all 75,000 shares.
‘They formerly brought $4.50, and
!now are quoted at $l.
SAYS THIRTY MILLION
PERSONS HAVE PERISHED
Violence, Famine and Disease Have'
Claimed a Terrible Toll in
Russia in Three Years.
NEW YORK, N. Y.—Thirty mil
lion men, women and children have
died in Russia from violence, famine |
and disease during the last three
three years, according to a statementi
imade by Princess Cantacuzene-Spe
ransky, grand-daughter of Ulyses
lGrant, in an appeal in behalf of the
lAmencan central committee for Rus
sian relief. The tremendous death
toll was exclusive, she said, of 5,-
\000,0(),0 men who had been killed in
!tho war.
/COTTON GROWING ON HIGH
| LANDS IN NEW MEXICO
' DALLAS.—Cotton has been prof
itably grown in the high altitudes of
‘New Mexico, according to the feder
lal reserve bank of Dallas. In a bank
(report it was declared “fairly large
land very profitable cotton crop was
raised in the neighborhood of Roswell
and Carlsbad, New Mexico, at an ele
\vation of over 3,000 feet above sea
\level.”
THOUSANDS ARE FROZEN
TO DEATH IN BLIZZARD
A blizzard which swept across Es
thonia, Russia, on New Year’s day
froze thousands to death. The bodies
'of 300 refugees were found in a for
lest. Many babies were frozen at their
mother’s breasts, according to word
‘received by American Red Cross
workers at Reval.
WHAT OTHERS SAY OF
Harris’ 1-2-1 Blood Remedy
UNSOLICITED ENDORSEMENTS:
Fayetteville, N. C., March,
1919.—Weaver Drug Co., Daw
son, Ga., Gentlemen: Enclosed
find postal money order for
$l.OO. For same please send
me at once one bottle of Har
ris’ 121 Blood Medicine. I must
say from self expreience that
Harris’ 121 is the best blood
medicine ever produced. I had
given up to die last winter in
Tifton, Ga., with rheumatism.
I had tried every doctor in that
town, and nothing did me any
good. I was past walking and
couldn’t even put my clothes
on; had to be helped like a
baby. A friend of mine ordered
me a bottle of your wonderful
121 from a druggist in Albany,
Ga., and before I took half of
it I was up walking and haven’t
been sick since. I have recom
mended your medicine to a
hundred or more of my friends
who have been benefited the
same as I have. It is absolute
ly worth its weight in gold, and
you would do the world a great
favor if you could place your
medicine in every local drug
store. I remain respectfully
yours, JOHN H. RHEA.
637 Lumberton St.
SOLD BY <
CITY DRUG STORE, Parrott. D. M. DISMUKE, Graves.
BRONWOOD DRUG CO. BRIM & COMPANY, Herod.
L. E. DAVIS DRUG STORE. J. C. COKER, Herod.
I. H. KIMBLE, Graves. LEE & THORNTON, Herod.
First Section
VOL. 38.—N0. 20
’GOLDEN JUBILEE OF
~ THE STANDARD OIL
| NEW YORK.—The story of how
Ithe Standard Oil Company grew from
ihumble beginnings until it became
;the greatest business organization in
the world was related by the founder
himself, John D, Rockefeller, in a
letter which was read here tonight at
'a dinner held in celebration of the
‘golden jubilee of the world-wide cor
lporation.
Absence in Florida prevented Mr.
, Rockefeller from joining the little
‘group of multi-millionaires, who as
sembled for the celebration.
In his letter which was addressed
to A. C. Bedford, chairman of the
Standard Oil Company of New Jer
sey, Mr. Rockefeller said he believ
ed that there were only two survivors
of the original organizers of the
Standard Oil Company of Ohio, the
parent organization, his brother, Wil
liam and himself,
He said that he had commenced his
career as an oil refiner, preceding his
brother in the business by four years.
The business of oil refining, Mr.
Rockefeller wrote, was very profit
able in the early sixties, but in the
late sixties it was overdone and the
competition was ruinous, so that
probably 80 and possibly 90 per cent,
of all engaged in it were either bare
1y holding their own or suffering act
)ua] loss.
Finding of Capital Difficult.
Many efforts were made to remedy
the demoralization in the industry,
but without success, Mr. Rockefeller
continued, until the Standard oil
company undertook to unite certain
refinery interests under a common
ownership. The finding of capital for
the scheme was difficult in view of
the poor credit conditions in the bus
iness, and Mr. Rockefeller could re
call only two concerns—the Warden,
Frew & Co. interests of Philadelphia,
and the Charles Pratt Company of
New York—who were willing to fur
nish cash in return for stock. As an
illustration of the stringency in the
money market he said that the Stand
ard Oil Company borrowed from its
shareholders all the money they would
lend and paid 10 per cent interest. 2
The money thus raised was still in
sufficient, but financial backing was
obtained through the sale of stock to
leading capitalists and the business of
other refiners was taken over by
payments either in stock or cash. The
ablest representatives of such con
cerns were enlisted in the administra
{tion of the joint undertaking.
| Saved Its Early Competitors.
«“And here I may be pardoned for
saying,” Mr. Rockefeller wrote, “that
the Standard Oil Company made a
record without precedent in the his
tory of commercial enterprise in
turning to its weaker and bankrupt
competitors and offering them a
chance to recoup their waning for
tunes without any risk on their part,
except the putting in of their plants,
many of which were superannuated
and illy equipped to cope with the
more up-to-date refineries even of
that time.
“] am happy that all who took
stock prospered and did much better
than they could have done under any
other circumstances.”
Columbus, Ga., Feb. 28, 1915.
Weaver Drug Co., Dawson, Ga.
—Dear Sirs: While in Albany
I bought three bottles of Har
ris’ Blood Remedy, 121, and
have been greatly improved by
same. It is a great remedy and
will do everything you claim it
will do. I am enclosing money
order for two dollars and fifty
cents, for which express to me
at once, three bottles of your
121 Blood Remedy. Very truly
yours, JAS. LOVE BELIN.
1314 Fifth Avenue.
Weaver Drug Co., Dawson,
Ga., Dear Sirs: Please send me
one bottle of Harris’ 121 Blood
Remedy. Have used one bottle
of it and it was fine. I can’t say
enough for it is just the reme
dy for the blood. Send to : :
N WILLIE BROWN,
Doerun, Ga., R. 2, Box 116.