The Rockdale record. (Conyers, Ga.) 1928-1930, July 24, 1929, Image 2

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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.