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THE LEE COUNTY JOURNAE
VOLUME TWENTY-FIVE
Loss Is Shown
In Tax Values
Net Shrinkage in Revenue to State
: Treasury $1€0,000,000
FIGURES ARE - GIVEN OUT
As Compared With Banner Year
of 1923, Reduction Is $BOO,OOO
ATLANTA, Ga., Aug. 22—Fig
ures given out by state Tax Com
missioner = H. J. Fullbright today
show the actual net shrinkage in re
turned property values in the State
for 1921, ’22 and '23.t0 be, in round
figures, $160,000,000, or a net loss
in revenue in the treasury of $BOO,-
000 as compared with the year 1920,
when the property values reached
their peak.
In 1920, which was the banner
year in the history of the State, the
total digests showed an increase of
$200,000,000 in values over the pre
ceding year, due to the faet that the
State tax commissioner had raised
the valuations in 96 counties which
were below the State general aver
age. The total property valuation
for that year, as returned, was a
net loss, Mr. Fullbright shows, of
$79,262.00 and the following year,
1922, there was a still further net
shrinkage of $74,416,525. This year,
with 153 counties reported, which
gives a total shringage in values of
the three years, thus far, 0f5157,-
616,157, and it is expected the 7
remaining counties to be figured up
will increase the decline for 1923
to a round figure of $5,000,000,
‘whereas it had been estimated this
year would about break even with
last. Figured on a basis of a depre
cétion of five millions this year, the
total digest will figure $1,022,000,-
000. : |
Commissioner - Fullbright'’s fore
casts that these figures are about 'at‘
the bottom and next year will begin
another rise, in view of ‘the fact
that the effect of the tax equaliza
tion repeal agitation has evidently
hit ti.e bottom. ;
TRUST NOT SUCH TRUSTS
A stock-selling scheme that work
ed disastrously for many victims of
irresponsible oil promoters is ap
pearing in different parts of the
country” in selling other kinds of
si?bcks. Questionable promoters are
offering stock in common low trusts
in an attempt to evade Blue Sky
laws which apply to selling stock in
corporations. The greater danger
to persons buying stock in irrespons
ible common-law trusts is not that
they may lose all they pay for the
stock, but that they also may be
liable and sued for debts contracled
by the trustees. ?
The common law trust is not a
corporation. It is an agreement
among several persons whereby one
or more persons, usually three, are
named as trustees to accept the
stockholders’ money and run the
business. Usually they have com
plete control over the business and
disposition of its money and proper
ty and can spend, or contract debts,
without interference from stockhold
ers. If they are dishonest or in
competent the stockholders may lose
wiat they put into the stock and,l
in addition, courts have held such“
stockholders responsible for debts or
obligations contracted by the trus-J
tees. The double loss comes on to
the stockholder, not the trustees.
When an unwary investor buys
stock in a fraudulent corporation his
loss is embraced in the amount he
puts in the stock. Creditors of the
corporation cannot come to him to
make good their clamis against the
corporation. But a common law
trust is entirely different. Com
mon law trusts are a business device
that has, and still does serve honest
business purposes, but, like every
other device of law or society, it
has been twisted by swindlers and
frauds to suit their evil purposes.
Before investing even the smallest
sum, do as the great life insurance
executives do, obtain the counsel of
an established, reputable investment
banker, or of some honest, succes
%‘ Jaservative man in your com
musity. No good investment securi
ty will spoil, no matter how eager
the salesman is to stampede you
into acting at once. |
AMERICAN FARMERS :
KEEP ON THE MOVE
Report Shows One Farm In Each
16 In U. S. Changes Hands
Every Year.
Nearly 1,250,000 United States
farms; or approximately one out of
every five farms =in the United
States, changed occupants in 1922
according to.a survey made by the
U. 8. department of agriculture.
This is the first survey of the kind
made by thé department, and “while
the changes give evidence of cynsid
erable mobility among American
farmers until compertive figures for
other years are available it will not
be possible t 6 determine whether the
extent of the movement in 1922 was
greater or less'than usual,” says Dr.
C. L. Stewart, economist preparing
the report, :
Few Changes in New England.
- In nine southern states on farm in
every four changed occupants; in
six states in the New England group
the turn-over was one farm in every
ten, and in most. of the corn belt
and western states between 10 and
15 per cent of the farms changed oc
cupants. :
- Changes in . ownership of farms
took place on nearly 400,000 farms,
or approximately one farm in every
sixteen in the United States. In
general, more farms changed owners
in the west and south than in the
New England, middle Atlantic and
corn . belt states.’
Of the 2,300,000 or more farm
tenants in the United States more
than 625,000 changed the scene of
their operations during the year.
More than 75 per cent of these ten
ant changes occurred in the 15
southern states. In both Georgia
and Texas more than 76,000 tenant
farms changed tehants in 1922,
"The percentage of tenant farms
changing. tenants during the year‘
ranges from 3 per cent in Maine to
98 per cent in Oklahoma. Seven
southern states show a change of
more than 30 per cent. In corn belt
states the range is from 14 per cent
in Illinois to 22 per cent in Mis
souri, and in mountain and Pacific
states from 12 per cent in California
to 26 per cent in Coloraro,
230,000 Leave Farms.
Although the number of tenant
farms in the United States shows a
net increase of 27,000 for the year,
more than 230,000 tenants either
dis continued farming for some oth
er occupation or left their communi
ties. A percentage decrease in ten
ant farms is shown in only 10 states
and in two states the percentage
was unchanged. In general, the
largest exodus of tenants occurred
in the south and west.
CHURCH CONTRIBUTION #
THREE BOLL WEEVILS
DAWSON, Ga., Aug. 20.—0 n
sevaral occasions during the Ter
rell County tent meetnig, which has
just closed, envelopes were passed
through the congregation to receive,
the offering of those desirous of
contributing to the expense of the
meeting the treasurer upon opening
one of the envelopes found three
boll weevil and two pennies. Upon
the line for the name of the contri
butor was found written “The Far
mers of Terrell County.” Just who
the real individual eontributor is,
for it is thought it was the work of,
some mischievous boy, has not yet
been learned. Many of those in
formed of the unique contribution
laughed at the deed but as a jokev;
for the farmers it is not thought
that it would take so well. If the
contributor has made himself
known, this information has not
been given to the public. |
At intervals a steamer leaves Lon
don, en route to a port on the east
coast of Africa, with a cargo of old
theatrical costumes. The costumes
are imported by traders, who are
found all over Africa, and are sold
by them to tribes in the interior, the
medium of exchange being cattle,’
curios and animal skins,
Leesburg, Lee County Ga., Friday AUGUST 24, 192§/
CORN COMES FIRST IN AMERI
CA WITH COTTON SECOND,
IT IS STATED.
‘Though the wheat crop in value
amounts to only about 6 per cent qf
agricultural production, it has been
attracting more attention and dis
cussion in recent weeks than all the
rest of the country’s agricultural
production put together. Some at
tention might profitably be given to
the other 94 per cent.
The principal crop raised in the
United States is corn. The indicat
ed crop for this year at the time of
the government report was 2,877,-
437,000 bushels, or 13,275,000 bush
els less than a year ago. The price
of a bushel at the farm, however,
was 86% cents on July 1, compared
with 62 cents on the corresponding
day of 1922. The total value of the
crop on July 1 last was $2,488,983,-
005, an increase of $690,960,141
over the value of the 1922 crop.
Two and a Half Billion for Cotton.
The second most valuable crop in
the country is cotton. The indicated
zrop on July 1 was 11,412,000 bales,
compared with 9,762,000 bales last
year. The price of cotton on July 1
last was also higher than the price a
year ago being 26 cents a pound,
compared with 20 cents a pound on
the corresponding day of 1922, The
total value of the cotton crop orn
July 1 last was $1,500,000, or al
most exactly 50 per cent more than
the value of the crop at the cor
responding time last year. The to
tal valueof oats and barley was also
aigher on July 1 than a year ago.
The federal reserve board attribu
tes the larger domestic demand for
farm products during the last year
to the larger buying power of in
dustrial workers arising #rom fuller
’employment and wage advances.
During the first five months of 1923,
for instance, the sale of groceries
‘at wholesale exceeded that of the
same period last year by 14 por
cent, and the sale of meat increased
120 per cent,
SHOOTS SHERIFF
Crisp; County Officer: 'Wqulds His
Mistaken Assailant ‘
CORDELE, Ga., Aug. 21.—Sheriff
C. 0. Noble, of Crisp County, and
Bert Cain, proprietor of a local drug
store are suffering from gun wounds
received about 1 o’clock this morn
ing when Sheriff Noble mistook
Cain in the dark for a negro des
perado for whom they were search
ing in the colored section of the city,
and fired on him with his revolver,
the bullet passing through Cains
thigh. ; it :
Cain returned the fire three shots
from_an automatic shot gun, (
The shot were small and entered
the shoulder and arm of the sheriff.
Neithér of the men are believed to
Ye dangerously hurt. They were
aurried from the scene of the shoot
ing to a local hospital for treat
ment,
The negro, Alex Jones, armed
with a revolver and shot gun, had
defied the officers to arrest him. He
made his escape during the excite
ment caused by the shooting.
DEIVIL'S GRIPPE, A NEW
DISEASE IS SPREADING
Doctors in Valley Region Have Hun
. dreds of Cases.
“Devil’s Grippe,” epidemic in the
castern section of Virginia, now is
threatening to spred to the valley
region, ' Dr. Ennion G. Williams,
state health commissioner, an
anounces. Fifty cases are now under
treatment ' in Richmond, Dr. Wil
{iams states, and a total of 400 cases
nave been reported to the state
‘lealth department thus far.
- Every resource of the state and
city health departments, and the‘
Academy of Medicine is being used
to determine the organism of “De-l‘
lvil's Grippe,” declared Dr. E. C.‘
\L. Miller, member of a special com
mittee appointed to study thol
malady, as no control can be ef
fected until its source is known. The
disease is decidedly contagious, phy
sicians declare, and no means will be‘
spared in the efforts to isolate its
Showers General From Lower Mis
sissippi Valley Eastward
LOCAL RAINFALL IN TEXAS
Considerable Complaint of Shed
ding in North Georgia
WASHINGTON, Aug. 22.—The
weekly weather and crop review to
day by the Department of Agricul
ture contains the following on
Southern crops.
The week was generally warm
throughout the cotton growing
states, particularly in Georgia, Okla
fnoma, Arkansas and much of Texas.
Showers were general from the
lower Mississippi Valley eastward,
though mostly of moderate amount,
and there was local rain in Texas,
but in the other districts of the
Western portion of the belt, little
or no moisture was received. But
little change was reported in con
dition of cotton in Mississippi and
Alabama, where progess was mostly
unfavorable. Scattered showers oc
curred daily in Alabama, where
weevil are numerous and very dam
aging in many sections with damage
becoming widespread while leaf
worms were also destructive in
'much of the Northern portion.
5 Georgia Growth Favorable
Warm weather and irregularly
distributed showers were favorable
for growth in Georgia, but there was
considerable caomplaint of shedding
in the northern division and weevil
‘were increasing rapidly, with much
’damnge by army worms,
The weather was favorable for
picking in Florida, but cotton de
teriorated further in the state.
The plants were blooming and
fruiting- freely in South Carolina,
where progress and condition con
tifued fairly good but there was
conplaint of shedding and deteriora
tion in some localities.
- Weekly weather by cotton states
includes:
Georgia: Heighest temperature
of Summer prevailed, with irregu
larity distributed showers and suf
iicient sunshine, generally favorable
for growing and fruiting. Growth
of cotton fair, but considerable shed
ding in Northern division and weevil
increasing rapidly. Much damage
also by army worms. Cotton open
ing to ecentral division and picking
active under most favorable con
ditions.
GEORGIA’'S TOBACCO
- INDUSTRY GROWING
In One Year Four Million Pounds
Is Marketed and Brings Nearly
$1,000,000.
ATLANTA, Ga.—The tobacco in-
Justry in Georgia, now reaching
large proportions, as shown by the
opening of the markets, was com
paratively unknown a few years
ago. It was introduced and promot
ed by the agricultural development
department of the A. B. & A. rail
way, whose lines penetrate the to
bacco soil of South Georgia.
In 1920 there was grown and
marketed at points on the A. B. & A.
4,283,793 pounds at a price of $956-
441. In 1921, due to unfavorable
weather conditions, the crop was
considerably reduced, but the grow
ors were not discouraged and con
tinued in their efforts to_ make
tobacco a staple crop in tH®ir ter
ritory.
The growing of tobacco resulted
in the building of drying and stem
ming plants at three points on the
A. B. & A., requiring an investment
of a half million dollars, and giving
employment to 1,200 or more per
sons during the operating season of
four months.
In time it became necessary to
construct six sales warehouses at
points on the A. B. & A lines, repre
senting an investment of nearly
$lOO,OOO and emoleying several
hundred persons.
The 1928 tobacco crop is said to
ke the larges: grown in several
years and probably of better quality
than any previous crop. It is a
bright yellow variety and the mil
lions of pounds now spread on the
floors of South Georgia warehouses
is attracting the attention of buy
ers from all sections of the country.
The prices received for the present
crop on opening days is regarded as
being exceptionally good.
PEANUT GROWERS ARE ~ ~
- ALARMED OVER SPROUTS
r ALBANY, Ga., August 20.—
‘Many peanut growers, particularly
in South Georgia, where the crop is
‘more advanced than it is in the new
area of Middle Georgia, are becom
ing eclarmed because they have
ifound a new sprouts on their vines,
and are liable to gather their crops
too soon, according to a statement
made by Colonel Robert E. L.
Spence, president and general man
ager of the Georgia Peanut Grow
ers Co-operative Association.
Colonel Spence issued a particular
‘'warning to members of the associa
tion not to harvest their peanuts
too soon. Such action will result in
poor grades, and consequently in
less money to the growers, Colonel
Spence stated. Immature peanuts
will not grade as well as mature
ones, he said and by digging them
too soon the grower is depriving
himself of the benefit of many
young nuts now on the vines that
will mature if left in the ground
long enough.
Other warnings issued to the
growers by the president of the
Peanut Association included those
against sun-curing peanuts, as op
posed to shock-curing them, and
against threshing them, instead of
picking them with a regular peanut
picker. Suncured peanuts, it is
well rccognized, will split and
srivel, whereas those cured in the
shock, if left there long enough,
decidedly better prices. The tend
ency of some grower, President
Spence said, is to take their peanuts
out of the shock too soon, thus de
priving them of the full curing
benefit. Peanuts sent through a
threshing machine, the co-operative
marketing association head declar
‘ed, are damaged and suffer badly in
the grading process. Members of
the association were warned by him
to avoid threshing their peanuts.
“I am hopeful,” Colonel Spence
said, “that members of our Associa
tion will overlook nothing that will
tend to promote the high standards
of quality which this association is
seeking to establish for its mem
bers’ products. A large part of the
work of co-operative marketing is
to establish higher standards of
quality, thereby being able to de
mand higher prices for its members’
crops.”
e |
!
666 cures Malaria, Chills and
Fever, Dengue or Bilious Fever,
It destroys the germs. |
SAINT PATRICK'S DAY ,
Saint Patrick’s day is commemorated in memory of
Ireland’s grand old patron saint.
We have a great regard for the Irish.. While they
have at times been seemingly unduly oppressed, they
have risen pre-eminently above oppression, and some of
the most beautiful character we have ever known were
Irish. .
An old legend has it that Saint Patrick extermi
nated all the snakes from Ir;:land by driving them into
the sea. We are not so much interested in this part of
the old patron’s history. The main thing we are inter
ested in is to drive want and poverty from the doors of
our people and replace it wfth thrift and prosperity.
Do you know that a bank account is the very best
way in the world to guard against want and depend
ence? There is no better time to begin than right now.
Lay aside something regularly and systematically by
depositing it in a good, strong, safe bank, like ours.
When you once get the habit you will be surprised how
easy it will be. LET US HELP YOU.
BANK OF LEESBURG,
G.A.NESBIT, PRESIDENT O.W.STATHAM, ;VICE-PRESIDENT
T. C. THARP, CASHIER.
“PLUG CHEWING BOUT
LASTS SIXTY-NINE HOURS
JONESBORO, Ga.—Jonesboro,
Clayton county, is not to be out
done by some of our larger cities,
where the long distance marathon
endurance contests are all the vogue
and many of the fair dancers have
established records for these mara
'thons running up to many hours be
‘fore a halt was called.
Dan Henderson won the long dis
tance marathon chewing contest
held in Jonesboro recently by chew
ing tobacco for 69 hours without
stopping. During the contest a to
tal of 46 plugs of tobacco were used,
and sleep and nourishment were ad
ministered without halting the con
test.
The Jonesboro city council and
the street committee have expressed
themselves as being greatly opposed
to the holding of future tobaceco
chewing contests in the city limits
and may propose legislation against
’it. ’
|
| MRS. W. L. LITTLE
~ Mrs. W. L. Little died at her
home in McLenney, Fla., last Sun
day, after a lingering illness. Mrs.
Little will be remembered in Lee
County as Miss Susie Hooks. She
‘;was a devoted Christian woman, and
was loved by everybody. She is
survived by her husband and one .
nephew, Mr. T. W. Rackley, of Al
bany, Ga., two nieces, Mrs. Cluad
‘Spillars, of Albany, Ga., and Miss
'Maud Sanders, of Aushburn, Ga.
'lnterment occurred in the McLen
ney cemetery. R
EXCURSION TO TYBEE SATUR
. DAY, SEPTEMBER 1, 1923,
VIA CENTRAL OF GEOR
GIA RAILWAY
$7.00 round trip from all stations
Columbus, Eufaula, Fort Gaines and
Albany to Byron, and Athens to
Gray, inclusive.
Tickets on sale Saturday, Septem
ber 1. Final return limit leave
Savannah not later than 9:00 p. m.
Wednesday, September 5, 1923.
Sleeping cars, parlor cars and
coashes.
Ask ticket agent for further in
formation.
)N@ber 14