Newspaper Page Text
NEWNAN HERALD & ADVERTISER
VOL. XLV.
NEWNAN, GA., FRIDAY, APRIL 8, 1910.
NO. 28
STORE -
Our line is general merchandise. It em
braces everything needed to supply the farm.
Our stock is complete, new and clean.
Our prices are low, arid guaranteed.
Our service is prompt, accurate and com
plete.
Our results are a steady increase in the
volume of trade, despite the panic and de
pression.
Headquarters for International Stock and
Poultry Powders.
Fresh shipment of “Alfarina” Stock Food.
Also, “Cemo," the best chicken feed on
the market.
Give us a trial.
T. G. Farmer & Sons Co,
19 Court Square :: 6 and 8 IV. Washington
Telephone 147
BENEDICT’S SOLILOQUY,
Ayo, so It is. my dear;
Tho truant cuff lo o'on whero I did place It
Here In tho baby’s drawer*
Tho "baby's drawer.'* ha I
Well do I mind tho day
When I, too, had a drawer wherein to placo
My collars, cuffs and shirts
And small belonRintrs—
Impedimenta in which then I took
A certain prldo.
These were my vory own—
I had a drawer for them, a dressor drawer.
And ’twaa my vory own.
That wus, I think, less than threo yours ngone,
Refore that day—
Ah, me, how memory dwolls
Upon thoso lean and lonoly years;
I had a trunk, relic of barbarous days
And bachelorhood.
I had a trunk, and there it was my ubo
To plnco my worldly goods—my all In all,
JoyouH habiliments of occasions glad
And treasured trophies and tho symbols of
Simple and most depraved delights.
Sed, tempora mutantur,
And now, though burdened with prosontmonts
rare,
All mine in name,
I have no placo to store them.
Baby’s things nnd hers
Monopolize tho closots, all the drawors,
The attic—e’en the bnsemont is not free—
And when I seek a handkerchief or cuff
I know not where to find it, nor on whoso
Belongings I Bhali lay my desecrating hands.
I joy in what I own, forsooth, and yet,
Still, on occasions do I sigh to have
A cracker-box or something else that is mine
Exclusively, and to my own use
Forever dedicated I
Busy Time
FOR THE
Farmers
We have had fine weather lately, and cotton-planting
time will soon be here. We want you to come and inspect
our line of Planters and Distributors. We have in stock
the Gantt, Dowlaw and Brooks Planters, and Gantt and
■C.amp Distributors.
Buy a Chattanooga Plow for your terrace—Nos. 23,
■63,65,45. No. 71 is the best one-horse Turner on the
market. No. 62 is next.
Get our prices on Barbed Wire, Poultry Wire, Staples
and Nails. We buy in car-load lots, and can save you
money.
The only place in Newnan where you can buy a barrel
•of Oil at the same price as from the oil wagon.
Sole agents for Alfacorn, the best horse and mule feed
to be found. Pine for stock, and a money-saver. Quaker
Hen Scratchings for your poultry—a splendid food for
.young and old chickens.
Five hundred bushels of Orange and Amber Cane Seed
-new crop, recleaned, and bought at a low price. We are
low selling the third car of Syrup received this year. Our
prices must be right on these goods.
Flour, Dalton Bran and Shorts, Succrine, Cotton Seed
sal, and everything in stock to make an up-to-date farm
Bupply business.
Unknown and Whippoorwill Peas now on sale. Buy
se early, as peas are scarce and the stock will soon be
lausted.
C. ARNALL MDSE. CO.
TELEPHONES 342 and 58.
Is Oar Whole Financial System Bnilt
on a Sinking Platform?
Byron W. Holt, In April Everybody’s.
In their daily transactions most men
either do not think of gold at all, or
they think of it as having a fixed and sta
ble value. It is easier for us to say that
the price of wheat has risen five cents
a bushel” than tosay that, "as compar
ed with wheat the price of gold has de
clined five per cent.” Yet the two
statements mean the same fundament
ally. If, then, we substitute for wheat
composite unit of all commodities,
and find that the price of this unit has
advanced sixty-one per cent, in thirteen
years, we can state this same fact by
saying that gold has depreciated thirty^
nine per cent., approximately, during
this period.
But what causes gold to depreciate—
that is, prices to rise? The cause is the
same in the case of gold as in that of
any other commodity—relatively cheap
er cost of production. This cheaper
cost shows in an increased supply of
gold, and results in making it neces
sary to give a greater quantity of gold
to get the same quantities of other
things.
The above facts indicate that the gold
standard is not a stable standard of
value, and that, as Prof. Irving Fisher
says, the world is doing business on a
sinking platform. And because the
platform is sinking faster than oth
ers, the entire financial and industrial
world is disturbed as never before.
The great problems that demand so
lution grow out of the facts that prices
will continue to rise; that wages and
salaries will rise only about half as fast
as prices; that interest rates will aver
age abnormally high; that the cost of
operating railroads and street railways
will advance rapidly, while rates and
fares will advance slowly, if at all; that
the prices of high-grade bonds and pre
ferred stocks will decline; that the
great debtors—the rich—will gain,
while the creditors—those of moderate
means—will lose heavily; that real
property—farms, mines, etc.—will in
crease rapidly in value; that the land
lords of the earth will absorb a larger
share of the world’s goods; that busi
ness will be conducted largely on a spec
ulative basis; that wealth will concen
trate more and more rapidly in the
hands of relatively few; that, in short,
discontent and anarchy will increase un
less the wise men of the earth can
solve these problems, and stop the in
justice of gold depreciation and the
evils connected therewith. Only' a few
of the more important of these prob
lems can be considered here, and these
but briefly.
Whatever the cause, it is a fact that
wages and salaries neither fall as fast
as do prices, when prices are falling,
nor rise ae fast as do prices, when
prices are rising. In fact, the general
tendoncy of money appears to be
upward, though, of course, less progress
is made when prices are declining than
when they are advancing. It is true
that nominal wages did fall from 1872
to 1877, from 1884 to 1886, and again
fram 1892 to 1896, during which periods
prices fell rapidly. It is also true, that
notwithstanding the fact that prices de
clined 23 per cent, from 1872 to 1890,
money wages were nearly I per cent,
higher in 1890 than they were in 1872;
and, further, that the purchasing power
of a day’s wages in 1890 was 29 per
cent, greater than in 1872.
Since 1896 prices have risen about 60
per cent., while money wages have ris
en only about 20 per cent. As has been
said, prices go up on the e'evator while
wages climb the stairs. Not many will
to-day claim that wage-and-salary-earn-
ers are as well off as they were ten or
twelve years ago. The purchasing
power of their wages and salaries is un
mistakably less now than in 1897. To
this fact is mainly due the general dis
content.
One of the strangest results of the
increasing gold supply is high interest
rates. Most men, and even most edi
tors and financial .writers, have assum
ed that more money means cheaper
money. It does; but not lower rates of
interest. Interest is what is paid for
the use of the capital. It is measured
by money, but Is not really paid in
money any more than are real wagesi
Interest, therefore, shows the same ten
dency to advance, when gold is depreci
ating, as do prices or wages.
There are two reasons why interest
should be high when gold is depreciat
ing.
1. Because, when prices are rising,
there are great opportunities to mako
money, speculatively, by purchasing
and holding real property. This fact
leads enterprising men not only to bor
row all they can at low rates of inter
est^ but to bid for money until rates
become very high.
2. To offset the shrinkage in the prin
cipal of a debt. Thus, if prices are ad
vancing five per cent, a year, the pur
chasing power of a dollar is shrinking
about five per cent. A man who loaned
$1,000 at four per cent, would, at the
end of the year, get back $1,040. When,
however, he came to spend this $1,040,
he would find that it would purchase
less than the $1,000 loaned at the begin
ning of the year. When translated into
capital—what was really loaned—he
would have received back less than he
loaned. That is, instead of receiving
interest, he would really have paid the
borrower a small premium for holding
his capital. The lender Bhould in fair
ness not only receive back hiB principal
unimpaired, but should receive some
thing for the use of it. He should, in
fact, receive a rate of interest that
would yield him at least three per cent.,
after making.good the loss to the prin-
pal because of the shrinkage in its pur
chasing power.
Newport Nows, Va., Feb. 28.—To
day tho Ocean Steamship Co., of Sa
vannah, launched their new vessel,
“City of Montgomery.” Miss Helen
Camp Steiner, daughter of Major Rob
ert E. Steiner, of Montgomery, Ala.,
who is one of the directors of tho Cen
tral of Georgia railway, christened the
ship as she left the ways. Next month
her sister ship, “City of St. Louis,"
will be launched, and each steamer will
start on its maiden voyage during the
early summer.
Only twice in the history of coast
wise shipbuilding, namely, the “City of
Atlanta” and the “City of Columbus,"
and now the two new coastwise steam
ships under construction sldo by side
for the same company, the "City of
Montgomery” and the “City of St.
Louis,” has been undertaken.
These two Bteamers, “City of Mont
gomery” and “City of St. Louis,” in
tended for service between New York
and Savannah, for the popular Savan
nah Line, are to be the "Lusitania”
and “Mauretanig” of the coastwise
traffic, in the matter of size and luxu
rious appointments.
The acme of coastwise shipbuilding
has not yet been reached, but in the
“City of Montgomery” and the “City
of St. Louis” there will be two exam
ples of luxury afloat such as the great
est dreamers of fifty years ago would
never have pictured.
The length of the BiBter boats will
be 404 feet; thoif width 60 feet, these
measurements giving them the right to
rank as the Gibson Girls of the coast
wise fleet. Their full complement of
passengers will be 136 first-class, 36
intermediate and 67 in the steerage.
They will possess Borne unusual features
for coastwise vessels, notably a well-
equipped barber shop and a news stand,
at which the heedless passenger may
obtain the latest periodicals, which one
always intends to take aboard and for
gets until just after the last call for
those going ashore has sounded.
Prompt relief in all cases of throat
and lung trouble if you use Chamber
lain's Cough Remedy. Pleasant to take,
soothing and healing in effect. Sold by
all dealers. .
Cotton Ginned in 1872 Sold Last
Week.
Jackson, Ga., April 2.—What is bo-
lieved to be the oldest bale of cotton on
record was sold in Jackson tho paBt
week. The bale was bought by Ether
idge, Smith & Co., from T. H. Greer.
The price paid was 16 cents per pound.
And around that 16 cents hangs an
interesting tale. It was way back in
1872—Dec, 19, to be exact—when the
bale was ginned, and. it tipped the
scales at 606 lbs.
The war had not been over long, and
cotton was high—higher than it has
been since then, with one exception.
It was selling for 16 cents at the time
So Mr. Greer loaded the bale of cotton
and took it to Griffin. The market had
slumped, as it often does, and he could
not get 16 cents for the fleecy staple.
The owner declared he would never soil
the bale for less than 16 cents, and ac
cordingly loaded the bale on his wagon
and took it back home.
Only onee since 1872 has cotton been
above 16 cents. That was back in the
days of the Sully boom, when "King”
Sully got under the market and drove
it up to 161 cents, the high-water price
of recent years. Mr. Greer did not
sell at that time, for he said he thought
the market would go to 20 cents. But
it didn’t, and there was his declaration
of former years that he would not sell
for less than 16 cents. Ho kept his
promise thirty-eight years. Tuesday
morning Mr. Greer drove to Jackson.
Local cotton buyers have had their eyes
on this bale of cotton for some time.
Tuesday morning, thirty-eight years
after 1872, the bale of cotton was bought
by Etheridge, Smith & Co. for 16 cents.
During the Louisiana Purchase Ex
position, in 1903, Mr. Greer was offered
a fancy price for the staple, it being
desired for exposition purposes, but he
has refused to part with the bale un
til this week.
At Newport News, on March 30, MiSB
Louise Nugent, daughter of Daniol C.
Nugent, a prominent merchant of St.
Louis, acted as sponsor and performed
tho ceremony in which the “City of St.
Louis,” newest of tho Savannah Line’s
new fleet, was gathered in his mighty
arms. S.he is a sister ship to the “City
of Montgomery,” recently launched by
the same lino, und the seven seas have
seldom seen a bonnier bride than she.
Early in the coining summer tho sis
ter ships will bo placed in tho coastwise
trade by this North-South steamship
line, and they will be the last word in
the modem luxury demanded and re
ceived by those who to-day “go down
to the sea in ships. ”
CERTAIN RESULTS.
Many a Newnan Citizen KnowB How
Sure They Are.
Nothing uncertain about the work of
Doan’s Kidney Pills in Newnan. There
is plenty of positive proof of this in the
testimony of citizens. Such evidence
should convince the most skeptical
doubter. Read the following state
ment:
J. T. Nolan, 12 First street, Newnan,
Ga., says: “The great relief Doan’B
Kidney Pills gave me is sufficient evi
dence of their worth. For three years
my kidneys were out of order, and
caused me much misery. I had darting
pains through the back and loins, and
whenever I did any work that required
any stooping or lifting I was in abso
lute misery. The kidney secretions
finally began to act imperfectly, and
from thie I conclude 1 that my kidneys
were at fault. Reading about Doan’s
Kidney Pills, I decided to try them and
got a bo* at Lee Bros. ’ drug store.
They improved my condition so much
that I cannot speak too highly in their
favor.”
For sale - by all dealers. Price 60
cents. Foster-Miiburn Co., Buffalo,
New York, sole agents for the United
States.
Remember the name—Doan’s—and
take no other.
The citron came from Greece.
A revolution in those coastwlso ves
sels has taken place since tho days of
this company’s famous old “Rapidan,”
so popular among the languishing belles
and chivalrous beaux of a Bimplor day,
to whom tho little Bide-wheeler was a
wonder and delight.
The “City of St. Louis,” like tho
“City of Montgomery,” is 6,200 tons;
the "Rapidan" was 868 tons; and very
largo and fine Bho was for tho then de
velopment of ocean-going craft. The
old side-wheeler is asoxtinctas tho buf
falo and the hoop-skirt. Exit the old day
in which tho smaller vessel could ac
commodate, on each trip, tho passen
gers to whom a trip North or South
upon her was the well-considered event
of a life-time.
It Pays to Be Decent.
Kanaaa City Journal.
Young man, why (lon’t you be decent?
Why not grow to manhood with honor
and credit instead of a staip upon your
character? It is just as easy. It is al
ways easier to be a man than a rowdy.
Cigarettes and gambling and whiskey
have had many wrestles with boys long
before you came on the scene, and they
have never yet been thrown. Don’t get
the idea into your head that; you can
turn the trick. If you don’t want to be
decent for yourself, be decent for oth
ers. There is one heart whose sorrows
should appeal to you. There is one who
has faced everything for your sake;
one who has had to bear the cress for
your foolishness. You don’t want your
trail through this world stained with a
mother’s tears. The boy who turns a
brazen face to • a mother’s grief never
gets very far on the road to happiness.
When he gets a little older you will find
his name on the police docket of vari
ous cities; a little later on tho dark
shadow of stone walls loom up across
his pathway. Without honor, home or
friends. ’Tis a sad picture, but it is
painted every day in every town of this
broad land. The pathway of the trans
gressor is one of rocks and thorns.
When you bruise your feet the world
Will laugh at you, just as you laughed
at your mother’s appeals. There Ib only
one system for a boy to follow. Be de
cent. It always pays.
Your tongue is coated.
Your breath is foul,
Headaches come and go.
These symptoms show that your
stomach is the trouble. To remove the
cauBe is the first thing, and Chamber
lain’s Stomach and Liver Tablets will
do that. Easy to take and moBt ef
fective. Sold by all dealers.
Money talks in spite of the fact that
lots of men want to keep it quiet.
cake;
hot biscuit,
hot breads,
W™ pastry, are
w lessened in cost
and Increased
in quality and
wholesomeness,
pYAl
Baking Powder
Bake the food at home
and save money
and health
