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THE LEE COUNTY JOURNAL
VOLUME TWENTY-FOUR
Marvelous Transformation
From Near Bankruplcy
It has been a marvelous trans
formation from near bankruptey
in 1920-21 to comparative pros
perity in 1922—from 10-cent cot.
ton and despair to 25-cent cotton
and good cheer—in the face of
Europe’s scanty purchases, ‘ac
cording to Atlanta business men.
Forrest Adair, ' Sr., sayg it is
not a miracle. Mr. Adair keeps
in close touch with the, invest
ment ‘world, the real estate mar
ket and business generally
throughout the entire country
through the extensive connec-
Yions of the Adair Realty and
Trust Company of Atlanta, of
which he is the head. It has
the distinction of being the old
est company of its Kkindin
America.
It isn’t§marvyelous, this trans
formation, Mr, Adair points out,
when one - comes to think of it,
we one analysizes it and under:
stands it. There has been no
miracle. Nothing has Leen
created by fiat of government.
The South itself has done it
The pedple have lifted themselves
by their bootstraps, asit were.
That is, being thrown back upon
their own resources, the South
ern folk were compelled to de
pend upon themselves, to bring
into play their own ingenaity and
they have succeeded in:
1. Adjusting supply to demand.
2. Financirg and marketing
intelligently; and .
3. Improvising new methods
credit to take the place of default
ed methods of pre-war days.
It was all the joint accomplish.
ment of farmers, merchants and
bankers of the South, who in
their necessity discovered ands
put to use talents and facilities
not before realized. It has been
a costly but a -valuable experi
ence. Thatis, it -will prove of 4
inestimable value if the South]
takes the lesson to heart, if it
maintains the practices and in
strumentalities of the achieye
ment and pergevere in self re
liance, business men here say. '
Georgia Press Supports
Miss Emily Woodward
Evidence that the Georgia
press 7is actively behind the
candidacy of Miss Emily Wood
ward, of Vienna, Ga., editor of
the Vienna News and sponsored
in the Atlanta Journal’s ‘‘Good
Will’? election by the Sloan Pap
er Company of Atlanta, is seen
in the complimentary editorials
the Georgia dailies and weeklies
are Avriting in her behalf.
Members of the Georgia press
are actively behind her and are
giviag her their moral as well a
financial support. : |
Secure From Fire--- 4
: But you are secured *from going “‘broke’’
. after the fire if your property is properly
. msured. - g
" Others consider it-better to pay a little for
' . insurance than to lose a lot by fire. How
"about you?
.1 represent the most reliable Companies of
America. : >
. C. THARP,
- Leesburg, - Georgia.
$6OO an Acre Is Profit
Made From Pecan Crop
AMERICUS, Ga., Nov. 17.—
3ix hundred dollars per acre in
erop yield is the net return claim
sd by Henry W. Smithwick,
American pecan grower, for this
season. This return is claimed
for five acres of Smithwicks place
which embraces altogether about
eighty acres. The land when
purchased originally was worth
approximately $2O an acre.
Smithwick’s erop this year for
the five prjze acres will ayerage
about 1200 pounds to the acres,
the average price per pound be
ing computed at 50 cents. Culti
vation and care of the trees, in
cluding fertilization and barvest
ing, cost Smithwick wapproxi
mately $3O an acre, and to this
taxes, ete., add another $5.00
per acre, leaving a net return of
3565 per acre earned this year.
Smithwiek?s entire placeis plant
»d to pecans, although many of
nis trees are young and not yet
in full bearing —Atlanta Geor
oian.
" Dog Spider Weigits Pound.
The largest spider in existence is
the dog spider of Madagascar. It
weighs about a pound, and each of its
eight legs is as long and as thick as
an ordinary lead pencil. ;
The True Tom Watson
One of the most interesting,
though brief, works written ani
published in Georgia recently is
f“The'Tt’ae Tom Watson,”” just
issued by the Sage publishing
Company, Flatiron Building, At
lanta.. It is a skeich of the
“‘Sage of McDuffie’” which pre
isents the high lights of the spec
‘tacular career of the writer,
iorator and statesmanin a most
vivid and interesting manner.
It is from the pen of Williams W.
Brewton an ‘Atlanta attorney,
‘who was for years, an intimate
Lfriend of Mr. Watson, and the
material from which it was pre
pared was furnished the author
lby Mr. Watson himself. There
|is an introduction by Dudley
'Glass the well known newspaper
Ewriter.
Some of the famous trails in
‘which- Thomas E. Watson was
counsel are reviewed, as are the
campaigns in which he fought
for himself or his friends, while
‘extracts from some of his most
‘noted addresses or editorials are
given. Notableis Watson’s re
ply to Booker T. Washington on
the negro question, which is re
produced in full. The work is
said to be meeting with an ex
ceptionally large sale. It will
‘be mailed to any address, post
paid, for 25 cents, or can be
found upon the principal news
stands throughout the South.
Leeshurg, Lee County Ga.,!Friday DECEMBER 1, 1922
Senator Harri @
s Makes
Comment On E
lSess sion _of Cc)tlzrt'erh?sl
i {
: {
WAS[IING'I‘ON. D. C., Nov. 27.+
Discussing the Jegislution whiéh
Congress should consider and de
houncing the pasition of the Repuiw
jean administeation on - severp!
_impm;gnnt mensures, Senator \\.’tg.
1. Huartis today wade his, firet
imnment upon returning irolm
Georgia for the extra session of()ug:_-
gress. He announced opposition
the ship subsidy bill; advoeates té(:
vepea! of the(_ tariff law and ambn{
ment of the revenue law; wgss
fegislation to help in the marketin
of agricultural products; eslul»lishilfig
- system of ruml] eredits, and furlhér
stimulating the farm Toan lfa\uk§.
and favorable action at once on tige
Henry Ford bid for Muscle Shoulé. ‘
Senator. Harris said in a stut.cmeth‘
lmduy: 2
‘s ¢ : : . 2
““The ship subsidy bill, as rom)m;
mended by President Harding, is@
plan of taxing the people to the ex
tent -of 30 or 40 million dollars for
the shipping trust, in my opinion,
and T am opposed to the legislation
The farmers have suffered more
financially than any other cluss avd
they are entitled to first considera
tion by the Governmentin uonsiderfé
ation of legisiation. When the farm
ers and live stock raizers prosper all
other industries ave benefitted, l:\{l
when they zaunot sell theiv products
at a profit every industry suffers.
““Why doesnot President Harding
recommend to this "do nothing and
diseredited’ Congresssome measures
that will help the people of the
agricvitaral south and west? Whew
these sections prosper every gection
of our country enjoys prosperity.
“Phe election of November 7th
was a protest of the people against
the revenue bill passed by the Re
publican Congress placing thie burden
of taxalion on those least able to pay
and exempting thoge mose able.
This law ghould be amended.
“The tariff lav recently passed
should be repealed. It has inereas
ed the cost of living for every person
in the United States inorder to help
the Republic manufacturers who, in
many cases, had contributed to the
campaign. It is vicious to tax all of
the people to assist in paying cam
paign contributions.
“Phe objectionable provisious of
the Eseh-Cumming railvoad law
should be repealed and a reduction in
freight rates and passenger fares
should be made, so that the manufac
turers and farmers can make a living
profit. - Reductions will bring more
bus.ness to the railreads, in my
judgement.
“Congress should pass legislation
that will help the farmer in market:
ing his crop at less expense and pre
vent the middleman from getiing all
the: profits the farmer earns. Several
meascures that would help the agri
cultural situation, in in my opinion,
were introduced by me and passed ‘
the Senate at the last session. The
farmers associations all over the
}cnuntry‘ have recommended these‘
bill but the Republiean Cohgresswill
not let them be voted upon. Why
‘not pass these bills, and others, and
give the farmers assistance in mar-.
keting their crops through financial
and warehouse facilities? 2
“The Democrats were workinig on
a system of rural credits to give the
farmer cheaper Interest rates on
money. Why do the Republicans
delay this measure? The Democrats
are all urging it now.
“The Federal Farm Loan Banks
should be more prompt in making
loans and congress should increase
the present limits,
“The southern cotton producers
and the western wheat farmers can
not receive full prices for their pro=
The Advantages
.
- Of Incorporating
Now that the end of the year is
approaching and people are be
ginning to think about making upf
their tax returns, the question
has arisen in Atlantg and in‘
other citigs of the South of the
advantages of incorporating a
buginess as compared with a
parinership or a sole proprietor
ship. §
Joel Hunter, nationally known
business counsellor. of Atlanta,
was asked today “‘What are the
Advantages of Incorporating?'’
To the correspondent of this
news service, who reaches thou
sands of business men through
the South’s leading newspapers,
Mr. Hunter gave this exclusive
statement: ‘
~ “One of the first advantages
is the questions of the limitation
of liability of the individual as
compared with the unlimiced
liability of the partner or sole
proprietor, said Mr. Hunter.
““‘Also it would seem that now
with the repeal of the Profits
Tax Act and that the corporation
has only a flat income tax of
12 1.2 per cent+o pay. that in
dividuals with large incomes
from a business would improve
their tax status by incorporating.
Businesses with a net income of
around $40,000 would pay less
income tax if incorporated than
if unincorporated. With a larger
net income the reduction in taxes
would be proportionately larger.
‘A rather striking illustration
of this came about recently in
the case of a business conducted
as sole proprietorship with a net
income for the year of approxi
mately $BO,OOO. The normal and
surtax on the profits of this
business is over $20,000 which
the individual will have to pay.
1f it had been conducted as a
corporation and it had paid its
president and manager a salary
of $20,000 and had distributed a
dividened of $20,000 also, the
total tax the owner of this busi
ness would have had to pay
would be approximately #lO,OOO.
“In addition to this if the re
lief of the limited liability ques
tion is considered, the right. of
perpetual succession and the ease
of transferring evidences of
ownership, it would appear to be
advantageous for those doing
business under the form of part
nership or single proprietor to
consider ecarefully the advan
tages of incorporation.” :
ducts as long as Europe is flounder
ing about financially. It is to our in
terest for Kurope to get on a sound
basis financially and commercially.
It will Lelp our farmers, ldborers
and manufacturers.
“Because Henry Ford contested
the Newberry election is one or the
reasons the Repullicans haye refused
to let Ford have Muscle Shoals,
which would be a great help. The
Republican voters have repubiated
Newberryisyy. Why not let “Tord
have Musele Shoals? He made the
best bid and offered millions for a
plant which the Republicans said
should be junked. Why not pass
this legislation now? The country
will foree Congress io he'p Muscle
Sheals two years from now, in my
opinion. B
~ “The Republican party should
not forget the farmer, the wage
earner and the constgning public.”
Senator Harris is a member of the
Senate agricultural ‘‘bloc” and all
of his views on agricultural matters
are in line with the fight being made
by the ‘‘bloc.”’
Senator Felton |
~ Back from Capitol
Senator Rebecca Latimer Fel
ton has reached Atlanta from
the national capitol, where she
was formally sworn in as a United
States Senator, Senator George
having withheld his- own com
mission that Mrs. Felton might
be the first lady Senator to oc
cupy a seat in that august body.
- Senator Felton, as she is now
‘telling her friends, was the re
cipient of many courtesies while
in Washington. Senator Harris
entertained her and Senator
George and Former Senator Hoke
Smith at luncheon.
Laler Senator Hoke Smith
entertained at a dinner party at
the Shoreham. Senator Felton,
Senator and Mrs. George, Sena
torand Mrs: Harris were the
guests of honor, together with
the friends and relatives of Sena
tor George and Dr. Felton, of
Cartersville, the son of Senator
Felton, who had come to attend
the ceremonies of the Senate.
Miss Marie Crawford and Major
0. H. Bloodworth, Jr., assisted
Senator Smith in entertaining
his guests at the Shoreham din
ner party.
Congressman Gordon Lee gave|
Mrs. Felton a luncheon in the
house restaurant in Washington
before her departure. United
States Senators Walter I. George
and William J. Harris and For
mer Senator Hoke Smith and
members of congress were pre
sent. ;
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G.A.NESBIT, PRESIDENT O.W.STATHAM, VICE-PRESIDENT
T. C. THARP, CASHIER, AN
D e
- Number 41
Redbong School District
Votes $12,500
Bond Issue
In the electiondeld in the Red
Bone School District Wednesday
to decide whether that district
would vote a $12,500.00 Bond
Issue or not; Bonds carried by a
good majority and the good peo
ple _of that district will shortly
have a modern and up-to-date
school house, .
This is one of the sections of
Lee county and ihe good people
of this district have been work
ing for some time to get a new
school house which is very much
needed. e
As soon as the bonds can be
validated and sold the contract
will be let and work started at
once.
Another Sawmill
Destroyed by Fire
The sawmill of Mr. H. T.
Kearse located on Kinchefoonee
creek about 3 miles from Lees
burg was totally destroyed by fire
Monday night. About eight
thousand feet of lumber was also
burnel. This is the third mill to
be burned in the past 3 months,
the first one was that of Mr.
Leverett and last week the mill
of Mr. E. P. Bass near Philema
was burned, this we failed to
mention in our iast weeks paper.
The loss to Mr. Kearse in the
Monday night fire amounted to
about two thousand dollars.