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WEDNESDAY MORNING J;ULY 27
THE MILLEDGEVILLE NEWS
MILLBDGKVILLE, Ga
^VENTURES WITH
0BICANDOIUR
Vd ter Tells Some cf His Expe
riences With Exchange in 18
Foreign Countries.
CHiNfiMKN MAKES IT CLEAR
0 „. Little Transaction In Exchange
Nets Traveler 700 Per Cent at Har-
[j irl Cold Com at Peking, If
Sold, Would Upset the Fi.
nancial System.
Wellington, D. C.—Variations in
CtirrI'Xiluinge rates have not only
„ h .,,J economic significance but also
tll1 extremely personal pertinence to
, . t ;.ivcler. Maynard Owen Williams,
wh0 inis just returned front a trip
t .:ro ltgli 1S countries to compile In-
f.irinittlon and collect picture material
f , r (lie National Geographic society,
< some of his experiences with
exchange as follows:
-H |, only In times of extreme stress
II,.,, ||„. average American considers
Va:t wheel’ and the ‘greenback’
, oamioditles much like flour or ma-
shilling, hut for most of the
, v01 .|,l foreign exchange Is a vital tniit-
t ,. r every day In the year. When it
nlo-s silver dollars to buy an ‘X’
Btl ,l a ‘V in Budapest, It sounds like
k iairy title to the nwn who stops to
dilni; ii is Uncle Sam's own currency
v hich is treated in this manner. But
Hie Chinese keeper of at) exchange
shop makes it ns plain ns day.
A Chinaman Makes It All Clear.
••You walk up to Ills open counter
firing the sidewalk and ask him how
much American dollars are selling for
lit is morning.
•••This morning, price very bad. My
no want ’em. No man want to buy.
fv, steamer leave today. Saturday
lilg st,•inner leave for 'Merica, can give
you more belter price.’
-During the attempt to reseat the
lu,v emperor on the Chinese throne in
the summer of 1!U7, a money changer
(a Hankow sold me some Peking notes
for gn per cent of their face value,
sterling that I could get full value
In Peking, if I ever got there. I was
on my way to Petrograd and had to
g-t my passport amended in Peking.
1 to . a chance on $25 worth of
Poking notes issued by the Han't of
Communications which cost $5 in linn-
k.i.c, the railway service between the
Yangizc port and the capital I ing
h;tcmi|i|i'd tit the time.
Transaction Neta 700 Per Cc t,
‘.Must of tin money I spent at face
alec i: poking for government tele-
minis, but ns I was leaving I invested
dollars In Chinese postage
At Harbin, where the Chi
an ! liussian post offices coiu-
I trusted my letters to the Chl-
"•-■ h,-cause of a censorship on
t l. and instead of buying
mips in Russiuu currency
h evdiange rate, I affixed
I I had bought In Peking
currency that was de
ll ipkow. My profit on the
■ ran over TOO per cent,
ms and mission hoards
i in tlie habit of guaran-
• lo-rs ti rate of at least
ars for every gold dol-
iry. Otherwise a gold
subject to a decided
'liincse dollars In 101B
> -Id American cents,
were worth nearly
' this arrangement rat-
American corporation
hiiine more money each
y received as salary,
'liars a month, con-
one would bring four
dollars. For 220 of
an could buy Ameri-
3,1 for $200, and he would
' 1 se dollars to live on.
• is get a guaranteed
Military officers
I did allowances nt the
In Peking, during the war,
ruing $2,000 a year,
amirmiteed a rate of
• ng more money than
i el, who was getting
it few
‘•tump-
ltllS.illtl
t'liim so
at a Itig
With ('I :
lmse.1 in
Chi
ITiii,!'
ar in tlic
ariutln
Id l,i
I lull'
ninth than
"'a humlfi
d nt tv
undred n
till' A
tin
* "f
tlieit
J's rule,
consular ,
1 which la
h, win, |
lii'iltetiiii,
fur hi
A Burtau of Standards in Money.
hi th„ ,
*flcan ti v
'IT
f 'vcr
Trs
li Wiu t:
T fur ill
M Knl,I ,
TI
* kirn \v,.|,
“■XT and
“nee t„ i,
rale f,„.
tary c ,,|,i
the cxci
* to van',
bet
mete]
nongh '
* ""in.
^Ilctd
’ll* Wn
® >» Chit,
cttrretiev
•“sv rat,-
••elves.
•liar ’
h tllci,.
dv
f the American mlll-
l'eklng, there is an
gold piece, which
more often than a
1012 shoes. The of-
pnld the day's rate,
about $1.10 Chinese
American dollar. But
worth 50 per cent
> rightly Insisted that
paid in a debased
•sled on receiving a
the salaries up to
;| l gold. Hence this
was taken around
•hops every month
nseertalned, but if it
’’ would have upset
■m. for the Chinese.
olYer n price for a
|s, ‘ to quote prices
•m that there is con-
" exchange with for-
’ 1 there Is a varying
"ttg the 18 provinces
■ ’he Yuan Shlh Kal
’he only currency on
"o exchange when
'*1**1 boundary. But
’hat It has a fixed
f"f the value of a
ii'roncy Is constantly
r when exchanged
contains 100 ceuts.
Thus if one makes a 20-eent purchase
at a Shanghai department store, be
gets 80 cents change, which seems
fair enough until one discovers that at
an exchange shop one can got 11 dimes
and 3 cents for each dollar. When he
changes one of the dimes, he will
get, not ten coppers, but 11 or 12. S.i
that the price of n dollar In COpptM'M
runs front 130 to HO, instead of the
seemingly logical 100.
“This state of things gives rise to
the ‘Oh, by the way’ habit. Foreign
stores will accept up to 50 cents in
‘“until money,’ but more than that
amount must be paid In ‘big money.’
A woman under such conditions tie
velops a poor memory and yields to
sudden impulse. She buys something
tor GO cents and thus completes the
transaction. But before she leaves
the counter, she says ‘Oh, by the way’
and purchases another 50 cents worth,
thus keeping a dime and two or three
coppers for herself. The store gets
Its money hack by returning seven
dimes as change for a 30-eent pur
chase and thus makes its income look,
not like 30 cents, hut like 41 to 50.
Trip Coat $200 Lett Than Nothing.
“Itt Tlfiis, in the spring of 1018, the
rouWe was selling at 15 to the dollur.
I bought 6,000, for there was no tell
ing how long it would lake to get out
of Russia at that time. When I
reached Vladivostok, some weeks later,
the Japanese were preparing to send
an army Into Siberia and were buying
up roubles. The rate there was 0.35
roubles for a dollar. I traveled front
ihe Caucasus to the Pacific and took
nearly two months to do It, nnd when
t changed my money at the end of
’he trip. It had cost nte about $200 less
than nothing. The professor with
w horn I hnd traveled for several
months in Russia and Turkestan hnd
converted all his gold Into roubles be
fore leaving America, and had been
spending roubles that cost him 30
cents each which bought no more than
those I had bought In Tiflls for 8.
"On my recent trip to India I ex-
pected to cross Persia on my way from
Eastern Europe, and since American
gold had been worth four times ns
much us American paper in the Pers
ian bazaars In 1918, I carried a small
hug of gold with me. The trip across
Persia proved Impossible, nnd It was
not till the eve of sailing for home
Ihnt I sold some of the gold which I
had carried for thousands of miles,
and which hnd caused me endless nr-
ginnents at nearly every boundary.
Most of it I paid to the United Slates
customs on my arrival, after having
carried it for ten months, and a hun
dred thousand miles. There were
only two times on the trip when I
could have sold It for ns much ns I
could get for n letter of credit.
Prefer Letters of Credit.
"I have never heard of anybody
making money on exchange by accept
ing expert advice, and I would never
want to offer it to anyone. Rut when
l leave American soil again, all tny
money is going to be Invested In a
letter of credit nnd enough travelers’
checks to help me out when I want
only a small sum. Boundaries reduce
currency in a way that alarms the
traveler nnd an American letter of
credit is fixed hi any point where there
is a bank. In the varying prices that
one can get when merchandising his
American currency, the gold coin
sometimes wins, the silver coin sel
dom, and the greenback most often.
But In the 1 s countries I have just
visited, tny letter of credit bent every
other one of the many ways I carried
my money.
/‘Once in a while fortune smiles on
the traveler. Last December, In Bom-
hay, 1 tried to'eash a Colombo draft.
The hank could not quote a rate and
sent it to its Colombo office, advancing
me such money as I needed in the
meantime. A week Inter, in Karachi.
I received the balance of the amount.
There had been bookkeeping and tele
graph charges. Hut the rupee hnd de
creased In value during the time it
took to complete the deal, and the re
sult was that I received nearly two
hundred more rupees than I would
have had if the draft had been marked
Bombay Instead of Colombo."
HOW WOMEN
OF MIDDLE AGE
May Escape the Dreaded Suf
ferings of that Period by
Taking Mrs. Block’s Advice
Hopkins, Minn. During Change of
e I had hot flashes and suffered for
i Life
two years. 1 saw
Lydia E. Pinkham’s
Vegetable Com
pound advertised in
the paper and p»t
good results fre.n
taking it. I recom
mend your medicine
to my friends and
you may publish
this fact as a testi
monial. ’’—Mrs. Rob-
kkt Block, Box 512,
Hopkins, Minn
n nasneenouiu ~ .
a thousand passes this perfectly natural
change without experiencing a train of
very annoying and sometimes uatnfu
symptoms. T?.ose dreadful hot fashes,
sinking spells, spots before the eyes,
dizzy spells, nervousness, are onlj auw
of the symptoms. Every woman at tins
age should profit by Mrs. Block’a experi
ence and try Lydia E. Ptnkham s Vege
table Compound.
If you have the slightest doubt that
Lydia E. Pinkham’s V
pound will help you, write to Lydia L.
Pinkham Medicine Cm. Lytm, ^
about vour health. Your letter will t>c
opened read and answered by a woman,
and held in strict confidence. _ ^
FLOODS COST
MANY LIVES IN
LAST 30 YEARS
Galveston Disaster in 1900 Took
6,000 Lives.
JOHNSTOWN DEAD WAS 2,209
Raina Caused Indiana and Ohio Tor
rents in Which 730 Persona Perished
in 1913 — Johnstown Catastrophe
8tanda Foremost in Memory of
Country—Texas Has Been Frequent
Sufferer From Swollen Waters—
Pueblo Twice Visited.
Several disastrous floods in tills
country in the last thirty yenrs have
had death lists running Into the
hundreds, but only two of them have
been caused by torrential rains. One
was tbe flood in 1913 that run up a
deutli list of 730 and a property loss
of $180,873,000 In Ohio and Indiana.
In 1903 about 300 lives were lost In
a cloudburst at Heppner, Ore. Two
floods at Galveston caused a loss of
life running into the thousands.
The flood that stands foremost In
the memory of the country as a catas
trophe was that at Johnstown, Pa., on
May 31, 1889, In which 2,209 lives
were lost and $10,000,000 worth of
property destroyed or swept awny.
Tills wns not due to a storm but to
the breaking of the reservoir of Lak*
Conemaugh, a body of water two mile*
und a half long, a mile and a half
wide nnd more than 100 feet deep.
This held then n larger volume of
water thaw any other reservoir in tills
country.
The dam that held the waters In
this pocket wns 1,000 feet long, 110
feet high, 00 feet thick at the base
and 25 feet wide at the top. The
capacity of the original luke had been
quadrupled by this dam, but the
menace of a Hood had been so great
since the construction of the Immense
stone wall that citizens of the vnlley
frequently hnd caused Inspections to
h? made.
The reservoir, fnr higher thnn Johns
town, belonged to a hunting club. It
bad been constructed carelessly. Com
plaints often lmd been made to the
owners. The dam of the reservoir was
made of earth, with no masonry re
inforcement. There had been long-con
tinued rains prior to May 31, nnd
when the danger wns seen gangs of
men were put to work to open a sluice.
But they could not work fast enough
to keep the pace with the rising
waters.
Inhabitants Warned.
At noon on May 31 a messenger was
sent to Johnstown warning nil tbe In
habitants to fine. The warning was
not taken seriously. When It became
certain that the dam was going an en
gineer named Traks mounted a fast
horse nnd rode through the-vnlley to
Tolinstown eighteen miles nwny, shout
ing an alarm ns he went.
At 3 p. in. the whole center of the
dam gave way In a break 300 feet
wide. The flood, half a mile wide and
forty feet high, rushed on its way to
Johnstown. It tore down everything
In Its course, taking up whole villages
in a few seconds and carrying the tons
of building materials like so many
chips.
Two wings of the flood struck Johns
town almost simultaneously. The de
struction was complete. Persons who
escaped were prompted to run nt the
last moment when they heard the rush
of water in the distance. Bodies
floated in the roplds and whirlpools
nnd were not found for days.
The distance from the lake to
Johnstown was eighteen miles and It
was estimated that the flood covered
this distance in about seven minutes,
it wns the highest pressure flood In
history, and even after sweeping
Johnstown tin* water rushed on so
swiftly that bodies were found next
morning In the Allegheny river at
Pittsburgh, seventy-eight miles away.
Another great flood due to the
breaking of a dam occurred In the
little town of Austin, Pa. A cement
dam, 40 feet high, 32 wide nt the base,
and 530 feet long, storing water for
a paper-pulp mill, gave way, releas
ing 400,000,000 gallons. The Inhabi
tants of Austin, eleven miles below
the darn, were warned b.v telephones.
Fewer than ]00 persons lost their
lives, Fire followed the water.
6,000 Lost in Texas Flood.
The worst of the flood disasters
along the Texas coast occurred on
Sept. 8. 1000, causing a loss of 6,000
lives and nearly $20,000,000 damage.
This flood was caused by a hurricane
from the Gulf of Mexico, which hurled
great masses of water miles inland.
The greatest force of this flood struck
at Galveston and for thirty miles n^iig
the shore, both above and below
Galveston.
Thousand* of persons were made
homeless, and pillage and robbery of
the (lend nnd living were unsurpassed
In tbe history of disasters, according
to army officers who were at the city
afipr the flood, ami also nt San Frnn-
• Isco after the earthquake, when slml-
'nr excesses were checked by Brig.
Gen. Frederick Fint«ton-
TO CONSUMERS OF COAL
Boginning Sept. 1st. we will handle
all grades of Cc»l. Don’t be In a hurry
to buy. Coal is very likely to he
cheaper nnd our service will he the
host MlUedgevllle has had in years,
Qualltyaof coal will be the best.
Special Sale of Men's
Shirts
See our show viudaw.
W'orth up to $3.00 special
sale price $'..96
Special sale of ladies’
■voile and organdie shirts
waists, Worth up to $3.00
See cur show window.
Special sale price ..$1.00
Special Jule Clearance
—Sale—
Not a question of price, but a clean-up saie of or
gandies, lawns, voiles, and ginghams at prices that E
will move them quick. All high class merchandise
this season s styles, at about half their real value
SPECIAL JULY CLEARANCE SALE
OF ALL READY-T0 WEAR
25 Organdie dresses worth up to
$15.00, your choice for
Ladies summer sweaters, only 19
left coat style and pullovers, worth
up to $6.00, take your choice for
$4.98
$2.50
None altered, none sent on approval
and none charged.
19 BEAUTIFUL SPRING WRAPS
$25.00 and $30.00, take your
choice for
$15.00
Special Reduction in Silks and
Georgettes
1,000 yds. Georgette in all the new
colors, formerly sold up to $2.50,
clearance sale price __ $1,99
$3.00 and $4.00 Satines, clearance
sale price
19 GINGHAM DRESSES
Ladies’ misses’ and children’s, worth
up to $6.50, special July sale price
$2.50 and $3.00 Taffetas at $1.98
$1.98
July sale of ladies’ fine Georgette
waists and over blouses, latest styles
worth up to $8.00 special sale price
LADIES FINE SHOES
72 pairs worth $10, specially priced
$7.50
84 pairs worth $7.00 and $8.00
at $5.98
White pumps, Oxfords and sport
slippers, worth up to $8.00 special
sale price
$5.98
Closing out sale of all bathing suits
$12.00 bathing suits now $7.50
$7.00 and $8.00 bathing suits $5.00
$4.00 and $5.00 ladies fine bathing
suits at $3.50
One lot of childrens bathing suits,
worth up to $3 to close out at $L59
Everv straw hat that we own, on sale
at half and less than half price
B. P. D. underwear worth 75c per
garment, closing out price
50c per garment
Men’s union suits worth up to $1.50
special closing out price 98c
20 doz. towels, worth
sale price
35c special
19c
40c and 50c towels, speial closing
out price 29c
81x90 seamless sheets, best qualr
ty $1.39
Pepperel 10-4 sheeting, best that is
made, 45c
1,000 yds. best pajama checks,
worth 30c yd. at 16c
1 000 good quality soft bleaching
worth 25c special sale price —15c
LADIES MUSLIN UNDERWEAR
Gowns made of soft nainsook, worth
up to $2.00, at —
$1.19'
Ladies’ gowns made of fine nain
sook worth $1.50 at
98c
One lot ladies teddies odd sizes and
styles worth up to $1.50, special
sale price -
75c
It pays to buy the best. If you want to's be sure of always getting the bes
the lowest prices shop at
E. E. BELL
*7