The Rockdale record. (Conyers, Ga.) 1928-1930, July 24, 1929, Image 2
THE ROCKDALE RECORD
Official Organ of Rockdale County
PUBLISHED EVERY WEDNESDAY
W. E. Atkinson .... Editor and Publisher
That old phrase “pitiless publicity”
still endeavors to hold its own In
nfTairs.
Another way to make a million:
Give diplomacy a workable substitute
for red tupe.
Social precedence is now mentioned
by physicians as rather dangerous in
causing loss of appetite.
Italy has Vesuvius, but her dictator
does not tolerate the wholesale mur
der gangs that infest this land.
No doubt it is the gallant thing to
remove n derby hot in a crowded ele
vator, but is it fair to the hat?
People used to marry and settle
down, now lots of them marry and
spend the rest of their years settling
up.
An Eastern college aflirms that thin
men have better brains than fat
ones. Sure! That’s why they are
thin.
Dora is all upset: She had her for
tune read the other afternoon in a
teacup and one of the tea leaves was
a fly.
“Stray Bullet Grazes Shirt” —head-
line in Indianapolis paper. We under
stood It was stray goats that grazed
on shirts.
We often wonder why Demosthenes,
when lie had filled his mouth with
pebbles at the seuside, didn’t just an
nounce trains.
Not so much has been heard lately
of the truth-detecting machine. Pos
sibly the Inventor has taken a wife,
and concluded not to Improve on na
ture.
Fairy Story: “Pull up a chair,” said
the tired man, ns he passed tiie box
of cigars to his sunburned companion,
“and tell us all about your European
trip.”
Young Westinghouse Is working at
this time on a rubber alarm clock
which may be hurled into a paved al
ley mornings, without injury to the
clock.
When the present prince of Wales
becomes king, he will be expected, as
a matter of public policy, to promise
never to go horseback riding any
more.
The expedition of Chicago college
boys into the heart of the head-hunt
er country of Borneo is liable to re
vive that old one about "Youth will be
served.”
Literature would receive some valu
able contributions if learned censors
would write their precise reasonings
in objecting to long-established
classics.
The movement to save whales from
extermination should be generally sup
ported. We shall always need one
whale, so the fisherman can say it
got away.
A dispatch from Moscow mentions
an official, Mr. Yorislavski, whose po
sition is “chief theoretician.” It
sounds like a useful job, in case of
having a Itothsteln mystery.
Rack home, if the opera house man
ager interrupted the performance to
ask whether Dr. So-and-So was in the
house, the town cut-up always arose
and started rapidly toward the lobby.
Another rather awful interlude in
the dignified young Indy’s life, usu
ally at the age of four, is when the
high-chair is too high, and an ordi
nary chair brings her chin just up to
the oats.
A commerce report says 18,000,000
pairs of cotton stockings were made
in this country in February, and
there’s another thing that would be
fine for cleaning lamp chimneys if
there were lamp chimneys.
In the United States we have a
Presidential election every four years.
In Great Rritnln a general election,
Involving change of administration, is
possible any year. In France the year
•which passes without one is abnormal.
One rather attractive possibility in
ocean travel by plane is that there
probably won’t be an earnest pedes
trian out every morning doing an 18-
lap constitutional around the deck, and
colliding with his fellow man at each
turn.
Learn anew thing every day: A
naturalist says ids investigation of
African elephants shows they are
“right-handed.”
There’s always a trick in it. They
sell you a car or a phonograph on
credit, and then demand cash for gas
and dance records.
Scientists have found that milk con
tains some of the chemical elements
used in making fireworks. Maybe
that’s why the youngsters occasionally
it the way they do.
Jazz music has been introduced into
Japan, and here we thought all the
time that jazz dancing was just a
variation of Jiu jitsui
NEXT WAR TO BE FOUGHT IN AIR
By E. L. JAHNCKE, Assistant Secretary of the Navy.
IF AMERICA ever enters another war, it will be won or lost in the
air. The recent maneuvers at the Fanama Canal Zone told the story.
There the theoretical enemy was known to be planning an air attack
and the defense knew the day it would be launched. The defense had
as many or more airplanes as the enemy had for attack. Yet the enemy
was able to bring his airplane carrier within 150 miles of the Pacific side
of the Panama canal and launch his bombers and combat planes into
the air before daybreak.
The enemy air fleet was over the Panama canal by the time defenders
knew it was coming. The enemy dropped their bombs successfully upon
the Pedro Miguel and the Miraflores locks and returned to their carrier
out at sea before any kind of defense could become effective. Theoretically
the Panama canal is now an impassable wreck.
Take this as an accepted fact in the world’s naval circles. When
you can get an air craft carrier even 250 miles off your enemy’s coast, the
majority of your airplanes will reach their objective and drop their
bombs with deadly effect. The only answer to an attack like that is an
equal or superior force of your own aircraft carriers, protected by both
their own armament and an escort of fast cruisers and destroyers, able
to put out to sea at top speed and attack the enemy before his air fleet can
be launched. A navy limited to the surface of the sea might as well be
scrapped.
These are the problems which the navy is studying. The way the
navy meets them will mean the difference between victory and defeat.
BANKING SYSTEM’S GREAT NEEDS
By C. B. HAZLEVVOOD, President American Bankers’ Association.
The greatest need in the banking system in America is for new
thinking and sound management. If each of us bankers will recognize
the importance of new thinking in the banking business and will en
courage the application of sound management practice,in our own in
stitutions, what excuse can there be five years from now for the exist
ence of a single unsound and unprofitable banking institution in Amer
ica? I, for one, believe the upward trend is in full and victorious
swing. The lesson learned from the deflation and liquidation that fol
lowed inflation and overbanking ten years ago was a realization of the
need of more exact and scientific methods. We have found that what
our banking system needs today is new thinking, that we must concen
trate our attention on the great objectives in banking—sound manage
ment and adequate profits.
Management, profits and liquidity are the great key words in suc
cessful banking.
I believe that in some of its phases the development of chain or
other group banking may be said to be a manifestation of the move
ment towards better banking methods.
EVIL IN WAR DEBT SETTLEMENT
By JAMES HAMILTON LEWIS, Former Illinois Senator.
The International war debt settlement, commonly known as the
Young plan, will endanger world peace and will create new enemies for
America. The plan is subversive to the best American interests. I believe
the plan of issuing bonds through an international bank to be sold to the
United States as a method of settling the European war reparations debt
will in effect take billions of dollars of American money and will mean
the loss of all money paid by Americans for the bonds of the bankrupt
nations.
I would suggest a plan whereby all war debts payments be suspended
during the life of the generation that fought the World war on the pro
vision that the allied nations suspend for the same length of time Ger
many’s war debts. Future generations, who escaped the ravages of the
war but who enjoy its profits, should pay the existing war debts. In this
manner the war payments would be adjusted to serve the interest of the
nations; not to serve only the international financier.
WAGE EARNERS AND MACHINERY
By WILLIAM GREEN, President A. F. of L.
Labor has an interest in increasing production because only out of
increased output can come sustained rises in the standard of living. Trade
unions are ready to co-operate in promoting economies in production
when there are set up agencies that assure them justice and equity.
The American Federation of Labor recognizes that the interests
of wage earners are interdependent upon the interests of all other groups,
if industry is to maintain production. If prosperity is to continue for
the community and for the nation, wage earners and other groups must
have sustained purchasing power.
Business expansion and technical advances have placed a heavier
burden on management which must be mainly responsible for eliminating
waste in production, for assuring steady employment for those employed,
for steadily increasing wages as productivity increases and for plan
ning in advance for workers displaced by machinery and technical change.
CONSERVATION PATRIOTIC DUTY
By CHARLES G. DAWES, U. S. Ambassador to Great Britain.
The conservation movement in the United States today constitutes
this country’s finest demonstration of pure idealism —of unselfish patri
otism. Those u)ho adhere to it solely for the love of the out-of-doors, who
comprehend their duty only in terms of planting a tree, purifying a
stream, protecting a bird’s nest, or otherwise making the out-of-doors a
little cleaner, a little more beautiful, and a little more alive with the pulse
of nature, have justification enough for their work and reward enough in
their accomplishments. On economic grounds alone we may call upon the
self-interest of our peoplt and justify all the time and the energy that is
expended in a conservative movement.
THE ROCKDALE RECORD, Conyers, Ga„ Wed., July 24, 1929.
MOTHER!
Child’s Best Laxative is
“California Fig Syrup”
Hurry Mother! Even a bilious, con
stipated, feverish child loves the
pleasant taste of “California Fig
Syrup” and it never fails to open the
bowels. A teaspoonful today may pre
vent a sick child tomorrow.
Ask your druggist for genuine “Cal
ifornia Fig Syrup” which has direc
tions for babies and children of all
ages printed on bottle. Mother I You
must say “California” or you may get
an imitation fig syrup.
Turned Off
The other evening while little Rob
ert, whose home is in Newman street,
was getting ready to retire, he sud
denly reached toward the top of his
head and made a motion as if he were
turning a knob. “I can’t grow now,’’
he remarked.
“Why not?” questioned his mother.
“Because I’m turned off,” he replied.
lndianapolis News.
The Type
We are told of the good mother who
w r as disturbed over her son, who had
been in Italy studying for three years.
“I am so afraid he’ll get so Itali
cized lie won't come home.” —Boston
Transcript.
Health Hint
A rash from so-called “poison ivy”
may lie treated by applying gauze
soaked in saturated solution of mag
nesium sulphate, and, when the acute
inflammation has disappeared, using
talcum powder to dry it up.
Artistry
The Man With an Artistic Soul —
Were all the people you met there
artistic?
Sweet Young Thing—Some of them
were, but some were quite nice.—Mon
treal Family Herald.
Every owner of an orchard or melon
patch seems to hate boys.
New Issue
$4,250,000
Western Newspaper Union
(A Delaware Corporation)
Fifteen-Year 6% Convertible Qold Debentures
Dated August 1, 1929 Due Au S ust 1( 1944
Interest payable February 1 and August 1 without deduction for normal Federal income tax not exceeding 2%. The Com
pany will agree to refund to holders, upon proper application, any State income tax not exceeding 5% per annum,
in Massachusetts not exceeding 6% per annum, and personal property and security taxes in certain States as p
vided in the Trust Indenture. Redeemable at any time as a whole or in part on 60 days P u kjisned notice
105 and accrued interest. Coupon Debentures in interchangeable denominations of SI,OOO and S* SUU
registerable as to, principal only. Central Hanover Bank and Trust Company, Trustee.
Debentures will be convertible, at the option of the bolder, at any time prior to maturity, or up to
prior to earlier redemption, into Common Stock at the rate of 40 shares for each #I,OOO principal a
H. H. Fish, Esq., President of the Company, summarizes from his letter to us as follows:
BUSINESS
Western Newspaper Union, successor to a company of the same name and a business founded
in 1865, serves more than 10,000 daily and weekly country newspapers, maintaining iu y
equipped plants in 36 key cities of the United States from California to Massachusetts.
The Company supplies these newspapers with ready printed inside pages or with columns of
prepared plate, containing various feature stories, serials and special articles selected by the
newspaper publishers; places national advertising in their papers and prepares cuts and cop)
for local advertising campaigns.
The Company also does a large volume of commercial .printing, prints in their entirety
various magazines and trade journals and is responsible for the mechanical production o
many of the feature services of The Associated Press.
FINANCIAL
During the past 20 years net profits of Western Newspaper Union, after all charges includ'
ing depreciation, but before Federal taxes, averaged more than $680,000 annually, and in no
single year were such net profits less than $450,000.
Net profits after depreciation, but before Federal taxes, for the past 4 years, as certific >
Messrs. Arthur Andersen & Cos., after eliminating operations of the paper mill, which i
being sold coincident with this financing and after other adjustments arising rom
reorganization as stated in their certificate, were as follows:
1925 #741,336
1926 955,383
1928 765,825
Such net profits as above have averaged about $758,448 annually, and for the year ended
December 31, 1928, amounted to $765,825, equivalent to more than 3 times the ar
Debenture interest requirement. ,
After deducting from such net profits in 1928 Debenture interest requirements, Federal
Taxes (parent company) at 12% and Preferred Stock dividends, the balance amounte
over $352,000, or about $2.35 per share on the 150,000 shares of Common Stock
presently outstanding. ,
The net assets of the Company, available for these Debentures, based on the balance sn -
as at April 30, 1929, adjusted to give effect to the present financing, including the
the paper mill, were in excess of $8,500,000.
MANAGEMENT
Since the death in 1916 of the former owner, George A. Joslyn, his widow and ot^ r ,
have owned the majority of the Common Stock of Western Newspaper Union, control
which is now being acquired by the executives who have been responsible for its
operation during the past 13 years.
All legal details will be passed upon by Messrs. Tenney, Harding, Sher
man & Rogers of Chicago and by Messrs. White & Case oj Aew l ork.
F. A. Willard & Cos. Ames, Enter ich & Co.Jnc-
New York Philadelphia Chicago
We have accepted as accurate the information and statements contained in the above mentioned
but no erro" omiSons or misstatements in said letter or summary shall give rise to any right or claim
July, 1929.
KllfiLS Flies—Mosquitoes—Bedbugs—Roaches—Moths—Anta—
Water-hugs—Crickets and many other insects ***
tVntt for educational booklet, McCormick ® Cos., Baltimore, Md.
Ujomr dealer cannot fnrniah, we will Liquid— soc, 75c end J 1.25. Gun- 50,
•apply direct by Parcel Po* 'SgTW 3 Mj Powder— 10c, 25c, 50c end >I.OO
•t regular price* Gun—2sc
Five Cows — loo Lbs. Butter, many dairy men
are reaping these profits. $1 brings formula
with complete Instructions. Tenn. Dairy
Products Cos., Box 96, Station (A), Atlanta. Ga.
WANTED—OLD STAMPS. Look up the old
trunk in the attic and send me all the old
envelopes up to 1876. Do not remove the
stamps from the envelopes. You keep the
letters. Will pay highest prices.
A. J. ZIMMERMAN
423 Park Avenue - - Lexington, Ky.
W. N. U., ATLANTA, NO. 30-1929.
Abraham Lincoln
A few days ago when Tapper, age
six, came home from Sunday school
his daddy said to him:
“Well, Tapper, what did you learn
to day?”
“Oh, we learned about Abraham
Lincoln.”
“Abraham Lincoln?”
“Yes, daddy; don’t you know when
lie crossed the desert with his many
wives?”
Might Be Tom
Mistress —Who was the man who
visited you last night?
Maid—My brother, ma’am.
Mistress —What is his name?
Maid —Er—I think it is Harry.—Der
Lustige Sachse, Leipzig.
A bad imitation of wickedness is
better than the real thing.
Cream rises to the top, even in a
common basin. —Champness.
S Health Giving
nn§l3iiß In
All Winter Long
Marvelous Climate Good Hotels -Touti
Camps—Splendid Roads—Gorgeous Mounui
Views The wonderful desert resortoftheTi,
P Write Creo & Charley
aim ©priißgfc
CALIFORNIA kj
Student Earnings
The bureau of education has r<
cently made a survey with regard t
the amount of money earned by sti
dents. In 703 colleges 34 per cent o
the students were earning part or al
of their expenses. In 315 co-educa
tional schools. 134,710 men earns
$23,000,000 or $159 each. The vome
earned only one-fifth of this amoun
but then there were only one-fifth a
many employed, so the average wa
about the same.
Danger of Smartness
“You have said a great many sraat
things. So clever a girl should easil
find a husband.”
“On the contrary,” said Miss Ca;
enne, “no girl is likely to he in n
quest for marriage who displays hi
sarcasm in advance.”
Every time you tell a little boy 1
is beautiful, you put a nick in li
character.