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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. ; R. H. FORRESTER, Agent NEW YORK LIFE INSURANGE GO ASSETS $952,632,132.00 Protect Your Family WITH A GOOD INSURANCE POLICY. redit : haracter L onfidence There may come a time in your life—for it cdmes to all of us sooner or later—when the endorsement or recom mendation of a good bank will mean a great deal to you. Confidence and credit once established constitule an incalculable asset. * A bank aceount gives you prestage in the business world that you can obtain in no other manner. ; ~lf you possess chasacter and credit, this gives you the confidence of the pedple and naturally prestage, - and there is little else you need to make you successful in this old world of ours. ; This bank invites you to confer with its officials relative to the facilities it offers in the transaction of all kinds of financial business. Our business is to help others suc ceed. May we not help you? We are just plain every-day- people, human in every respect, representing a good strong financial institution ~ and will gladly talk over any business problems with a view of giving any assistance your case may merit. BANK OF LEESBURG, v S 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.